Civic Intelligence

Great Western Academy

990 • Fiscal year 2022 • EIN 75-3019232

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 05, 2023

310 North WilsonColumbus, OH 43204

(614) 276-1028

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.78x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.92x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

45th percentile

4.6%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$1,750

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

99th percentile

524%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,437,994

Up $2,887,357 (+524%) from 2021

Net Assets

Down

-$6,123,545

Down $6,674,182 (-1212%) from 2021

Liabilities

Up

$9,561,539

Up $9,561,539 from 2021

Revenue

Up

$10,419,868

Up $2,075,301 (+25%) from 2021

Expenses

Up

$9,940,870

Up $1,885,665 (+23%) from 2021

Net Income

Up

$478,998

Up $189,636 (+66%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0M-$10MAssets 2012: $176,732Liabilities 2012: $0Net Assets 2012: $176,7322012Assets 2013: $68,655Liabilities 2013: $0Net Assets 2013: $68,6552013Assets 2014: $72,507Liabilities 2014: $0Net Assets 2014: $72,5072014Assets 2015: $80,933Liabilities 2015: $0Net Assets 2015: $80,9932015Assets 2016: $110,715Liabilities 2016: $0Net Assets 2016: $110,7152016Assets 2017: $89,124Liabilities 2017: $0Net Assets 2017: $89,1242017Assets 2018: $43,323Liabilities 2018: $0Net Assets 2018: $43,3232018Assets 2019: $74,510Liabilities 2019: $0Net Assets 2019: $74,5102019Assets 2020: $261,275Liabilities 2020: $0Net Assets 2020: $261,2752020Assets 2021: $550,637Liabilities 2021: $0Net Assets 2021: $550,6372021Assets 2022: $3,437,994Liabilities 2022: $9,561,539Net Assets 2022: -$6,123,5452022Assets 2023: $3,689,277Liabilities 2023: $9,560,373Net Assets 2023: -$5,871,0962023Assets 2024: $5,381,923Liabilities 2024: $10,888,655Net Assets 2024: -$5,506,7322024

Highlighted filing

2022

Assets$3,437,994
Liabilities$9,561,539
Net Assets-$6,123,545

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2012: $8,275,942Expenses 2012: $8,134,319Net Income 2012: $141,6232012Revenue 2013: $7,048,970Expenses 2013: $7,157,047Net Income 2013: -$108,0772013Revenue 2014: $7,149,474Expenses 2014: $7,145,622Net Income 2014: $3,8522014Revenue 2015: $6,764,288Expenses 2015: $6,755,862Net Income 2015: $8,4262015Revenue 2016: $6,903,281Expenses 2016: $6,873,499Net Income 2016: $29,7822016Revenue 2017: $7,365,599Expenses 2017: $7,387,190Net Income 2017: -$21,5912017Revenue 2018: $7,114,747Expenses 2018: $7,160,548Net Income 2018: -$45,8012018Revenue 2019: $7,572,139Expenses 2019: $7,540,952Net Income 2019: $31,1872019Revenue 2020: $8,652,086Expenses 2020: $8,465,321Net Income 2020: $186,7652020Revenue 2021: $8,344,567Expenses 2021: $8,055,205Net Income 2021: $289,3622021Revenue 2022: $10,419,868Expenses 2022: $9,940,870Net Income 2022: $478,9982022Revenue 2023: $10,905,873Expenses 2023: $10,653,424Net Income 2023: $252,4492023Revenue 2024: $12,350,325Expenses 2024: $11,985,961Net Income 2024: $364,3642024

Highlighted filing

2022

Revenue$10,419,868
Expenses$9,940,870
Net Income$478,998
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 5, 2023
Return Version
2021v4.2
Gross Receipts
$10,419,868
Mission and Program Overview

Mission

Utilizes research-proven curricula to ensure outstanding academic performance routinely by all of its culturally and economically diverse student population. Partners with families to form a safe school.

Utilizes research-proven curricula to ensure outstanding academic performance by all its diverse student population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$550,637$658,106▲ $107,469
Land, Buildings, and Equipment, Net$0$487,236▲ $487,236
Pledges and Grants Receivable$0$120,252▲ $120,252
Accounts Receivable$0$15,673▲ $15,673
Total Assets$550,637$3,437,994▲ $2,887,357
Other Assets Total-$2,156,727-
Liabilities
Other Liabilities-$8,855,696-
Accounts Payable and Accrued Expenses-$705,843-
Total Liabilities$0$9,561,539▲ $9,561,539
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$550,636$-6,123,545▼ $6,674,181
Total Net Assets Fund Balance$550,636$-6,123,545▼ $6,674,181
Total Liabilities and Net Assets / Fund Balance$550,636$3,437,994▲ $2,887,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$487,236$224,878$712,114
Equipment$0$30,076$30,076
Other Land Buildings$0--
Land$0--
Leasehold Improvements$0--
Other Assets Org$1,687,523--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021----$0
2020----$0
2019----$0
2018----$0
2017----$0
Compensation and Service Providers

Employees

NameTitleBaseTotal
Alan ToopsPresident$1,750$1,750
Carole MengeSecretary$1,750$1,750
Dorian WingardBoard Member$1,625$1,625
Shannon WhitfieldBoard Member$1,625$1,625
Jackiethia ButschBoard Member$1,375$1,375
Lee PetersBoard Member$1,375$1,375

Board Members and Trustees

NameTitle
Dan LambTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,417,713
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,155
Change in Net Assets
$478,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,419,868
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,419,868
Total Revenue per Form 990
$10,419,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,940,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$0$9,387,598-$9,387,598
Depreciation Depletion$224,878$0-$224,878
Fees for Services Other$73,909$0-$73,909
Interest$40,952--$40,952
Fees for Services Legal$36,334$0-$36,334
Other Expenses$3,897--$3,897
Total Functional Expenses$553,272$9,387,598$0$9,940,870

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,940,870
Total Expenses per Audited Statements$9,940,870
Total Expenses per Form 990$9,940,870
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows of Resources$4,143,848
Net Pension Liability$3,777,067
Leases$500,802
Net OPEB Liability$433,979
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI- Line 11B

The form 990 is prepared by an outside CPA firm who sends it to the Treasurer for review. After the Treasurer's review is completed, the 990 is sent to the Board of Directors for review and discussion. If no changes are required, the Form is electronically filed with the Internal Revenue Service by the outside CPA firm.

Form 990, Part VI- Line 13

All members of the Board of Directors are subject to a conflict of interest policy which requires annual disclosure statements to be completed. Decisions regarding conflict of interest are made by the remaining board members who do not have a conflict while the conflicted board member is excluded from discussing and voting

Form 990, Part VI- Line 15A and 15B

The management agreement was negotiated and approved by the board at its inceptions. Comparison was done at the time the contracts were entered.

Form 990, Part VI, Line 19

The organization day to day operating records are maintained by the EMO on site at the School. All legal documents (policies, bylaws, and other governance documents) are maintained by the School legal counsel. All the financial documents are maintained by the fiscal officer.

Filing and Contact Details

Filer

Filer Name
Great Western Academy
EIN
75-3019232
Phone
6142761028
Address
310 North Wilson, Columbus, OH 43204

Signing Officer

Name
Alan Toops
Title
Principal
Signed
2023-04-05
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Zupka & Associates
Address
4141 Rockside Road, Seven Hills, OH 44131
Preparer
Sarah Salnajs
Phone
2164756136
Supplemental Narrative

Additional Explanations

Part XII Financial Statements, Line 1 and Part XI, Line 9

The school changed its accounting method in the Fiscal Year 2021 990 return to accrual, due to audited financial statements being complete and available.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt00
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt00
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0487236
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0224878
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0712114
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/EndingBalanceAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030076
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030076
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09940870
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0469204
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11687523
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03777067
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1433979
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24143848
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3500802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Leases
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010419868
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0487236
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02156727
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt09940870
IRS990ScheduleD/TotalLiabilityAmt08855696
IRS990ScheduleD/TotalRevenuePerForm990Amt010419868
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010419868
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09940870
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School receives financial assistance from the federal government and state agencies in the form of grants. The disbursement of funds received from these grants normally requires compliance with terms and conditions of the grant which are specified in grant agreements and are subject to audit by the grantor agencies.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6a Explanation
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is prepared by an outside CPA firm who sends it to the Treasurer for review. After the Treasurer's review is completed, the 990 is sent to the Board of Directors for review and discussion. If no changes are required, the Form is electronically filed with the Internal Revenue Service by the outside CPA firm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members of the Board of Directors are subject to a conflict of interest policy which requires annual disclosure statements to be completed. Decisions regarding conflict of interest are made by the remaining board members who do not have a conflict while the conflicted board member is excluded from discussing and voting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The management agreement was negotiated and approved by the board at its inceptions. Comparison was done at the time the contracts were entered.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization day to day operating records are maintained by the EMO on site at the School. All legal documents (policies, bylaws, and other governance documents) are maintained by the School legal counsel. All the financial documents are maintained by the fiscal officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The school changed its accounting method in the Fiscal Year 2021 990 return to accrual, due to audited financial statements being complete and available.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI- Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI- Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI- Line 15a and 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII Financial Statements, Line 1 and Part XI, Line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0550637
IRS990/TotalAssetsEOYAmt03437994
IRS990/TotalAssetsGrp/BOYAmt0550637
IRS990/TotalAssetsGrp/EOYAmt03437994
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010417713
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09387598
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0553272
IRS990/TotalFunctionalExpensesGrp/TotalAmt09940870
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt09561539
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt09561539
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0550636
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6123545
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0553272
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt09500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02155
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010419868
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0550636
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03437994
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0310 North Wilson Columbus
IRS990/USAddress/CityNm0Columbus
IRS990/USAddress/StateAbbreviationCd0OH

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