Civic Intelligence

Gray Collegiate Academy Inc.

990 • Fiscal year 2017 • EIN 80-0912325

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

Organization ProfileWWW.GRAYCOLLEGIATEACADEMY.ORG
3833 Leaphart RdWest Columbia, SC 29169

(803) 951-3321

Siviq Scores

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

Liabilities / Assets

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

2.04x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

29th percentile

-2.7%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

34th percentile

-0.1%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-1.7%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$9,187,749

Down $7,674 (-0.1%) from 2016

Net Assets

Down

$192,896

Down $119,835 (-38%) from 2016

Liabilities

Up

$8,994,853

Up $112,161 (+1.3%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin29th percentile

Revenue

Down

$4,415,329

Down $78,188 (-1.7%) from 2016

Expenses

Up

$4,535,164

Up $167,329 (+3.8%) from 2016

Net Income

Down

-$119,835

Down $245,517 (-195%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$30M$20M$10M$0-$10MAssets 2014: $21,333Liabilities 2014: $22,2952014Assets 2015: $9,124,971Liabilities 2015: $8,937,922Net Assets 2015: $187,0492015Assets 2016: $9,195,423Liabilities 2016: $8,882,692Net Assets 2016: $312,7312016Assets 2017: $9,187,749Liabilities 2017: $8,994,853Net Assets 2017: $192,8962017Assets 2018: $9,214,564Liabilities 2018: $9,200,114Net Assets 2018: $14,4502018Assets 2019: $9,816,263Liabilities 2019: $9,459,926Net Assets 2019: $356,3372019Assets 2020: $12,877,443Liabilities 2020: $12,910,483Net Assets 2020: -$33,0402020Assets 2021: $14,454,216Liabilities 2021: $12,903,485Net Assets 2021: $1,550,7312021Assets 2022: $28,495,542Liabilities 2022: $26,881,188Net Assets 2022: $1,614,3542022Assets 2023: $26,896,133Liabilities 2023: $26,406,174Net Assets 2023: $489,9592023

Highlighted filing

2017

Assets$9,187,749
Liabilities$8,994,853
Net Assets$192,896
Open 2017 Filing

Operations Trend

Revenue Growth31st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $104,939Expenses 2014: $105,901Net Income 2014: -$9622014Revenue 2015: $3,471,248Expenses 2015: $3,283,237Net Income 2015: $188,0112015Revenue 2016: $4,493,517Expenses 2016: $4,367,835Net Income 2016: $125,6822016Revenue 2017: $4,415,329Expenses 2017: $4,535,164Net Income 2017: -$119,8352017Revenue 2018: $4,797,350Expenses 2018: $4,975,796Net Income 2018: -$178,4462018Revenue 2019: $5,376,152Expenses 2019: $5,034,265Net Income 2019: $341,8872019Revenue 2020: $5,601,432Expenses 2020: $5,990,809Net Income 2020: -$389,3772020Revenue 2021: $7,397,949Expenses 2021: $5,814,178Net Income 2021: $1,583,7712021Revenue 2022: $8,205,578Expenses 2022: $8,141,955Net Income 2022: $63,6232022Revenue 2023: $9,892,030Expenses 2023: $11,016,425Net Income 2023: -$1,124,3952023

Highlighted filing

2017

Revenue$4,415,329
Expenses$4,535,164
Net Income-$119,835
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$4,415,329
Mission and Program Overview

Mission

Mission: gray collegiate academy (gca) serves high school students in a safe, small, family-centered environment who seek the opportunity and challenge of a rigorous curriculum, high academic standards, and elite athletics while earning up to two years of college credit.

The mission of gray collegiate academy (gca) is to provide an outstanding academic and athletic program, with a college preparatory program in 9th and 10th grade and dual enrollment in 11th and 12th grade. Students will graduate from gca with an aa degree or 48-60 hours of credit, and with college scholarship opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,481,245$6,343,386▼ $137,859
Cash and Non-Interest-Bearing Accounts$536,600$672,037▲ $135,437
Prepaid Expenses and Deferred Charges$65,446$78,188▲ $12,742
Pledges and Grants Receivable$47,100--
Accounts Receivable$200$35,717▲ $35,517
Total Assets$9,195,423$9,187,749▼ $7,674
Other Assets Total$2,064,832$2,058,421▼ $6,411
Liabilities
Other Liabilities$8,824,575$8,921,387▲ $96,812
Accounts Payable and Accrued Expenses$54,289$73,466▲ $19,177
Deferred Revenue$3,828--
Total Liabilities$8,882,692$8,994,853▲ $112,161
Net Assets / Fund Balance
Unrestricted Net Assets$312,731$192,896▼ $119,835
Total Net Assets Fund Balance$312,731$192,896▼ $119,835
Total Liabilities and Net Assets / Fund Balance$9,195,423$9,187,749▼ $7,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,403,736$952,434$6,356,170
Land$750,000-$750,000
Equipment$189,650$81,782$271,432
Other Assets Org$58,421--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Teresa BrazellBoard Chair
Brett MarloweDirector
Elizabeth SheridanDirector
Wade RoofDirector
Tami ThomasonSecretary
Kim SeawellTreasurer
Jason FieldsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,249,193
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$166,136
Change in Net Assets
$-119,835

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,415,329
Total Revenue per Audited Statements
$4,415,329
Total Revenue per Form 990
$4,415,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,895,581
Salaries, Compensation, and Employee Benefits$1,639,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$632,156$512,837-$1,144,993
Interest-$669,933-$669,933
Fees for Services Other$102,863$564,553-$667,416
Fees for Services Management-$628,829-$628,829
Other Employee Benefits$301,159$169,696-$470,855
Depreciation Depletion$372,757--$372,757
Other Expenses$51,758$264,927-$316,685
Occupancy-$109,682-$109,682
Fees for Services Accounting-$64,400-$64,400
Advertising-$30,460-$30,460
Pension Plan Contributions$13,292$10,443-$23,735
Fees for Services Legal-$18,131-$18,131
Travel-$17,288-$17,288
Total Functional Expenses$1,473,985$3,061,179$0$4,535,164

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,535,164
Total Expenses per Audited Statements$4,535,164
Total Expenses per Form 990$4,535,164
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
Capital Lease Obligation$6,921,387
Notes Payable$2,000,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 3

“Management of the school was delegated to a pinnacle charter school management, a charter school management company, under the terms of a contract between the management company and the school. Oversight of the management company is performed by the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“Copy of form 990 is provided to management representatives to review and approve prior to filing of return.”

Form 990, Page 6, Part VI, Line 19

“The public will be provided a copy of the school's form 990 upon request.”

Filing and Contact Details

Filer

Filer Name
Gray Collegiate Academy Inc
EIN
80-0912325
Phone
8039513321
Address
3833 LEAPHART RD, WEST COLUMBIA, SC 29169

Signing Officer

Name
Teresa Brazell
Title
Board Chair
Phone
2394721323
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teresa Brazell
Formed
2013
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
20

Preparer

Firm
Michael P Miller CPA Pl
Address
1648 PERIWINKLE WAY STE D, SANIBEL, FL 33957
Preparer
Michael P Miller CPA
Phone
2394721323
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of gray collegiate academy (gca) is to provide an outstanding academic and athletic program, with a college preparatory program in 9th and 10th grade and dual enrollment in 11th and 12th grade. Students will graduate from gca with an aa degree or 48-60 hours of credit, and with college scholarship opportunities.”

Form 990, Page 2, Part III, Line 4D

“Gray collegiate academy (gca) was organized to provide an outstanding academic and athletic program, with a college preparatory program in 9th and 10th grade and dual enrollment in 11th and 12th grade. Gca strives to have students graduate with an aa degree or 48-60 hours of credit, and with college scholarship opportunities.”

Form 990, Part IX, Line 11G

“Subcontract instructors 102,863 0 0 communications 0 40,103 0 human resources 0 38,000 0 other 0 462,422 0 audit 0 24,028 0 total 102,863 564,553 0”

Raw XML AppendixShowing 400 of 402 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt054289
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt073466
IRS990/AccountsReceivableGrp/BOYAmt0200
IRS990/AccountsReceivableGrp/EOYAmt035717
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF GRAY COLLEGIATE ACADEMY (GCA) IS TO PROVIDE AN OUTSTANDING ACADEMIC AND ATHLETIC PROGRAM, WITH A COLLEGE PREPARATORY PROGRAM IN 9TH AND 10TH GRADE AND DUAL ENROLLMENT IN 11TH AND 12TH GRADE. STUDENTS WILL GRADUATE FROM GCA WITH AN AA DEGREE OR 48-60 HOURS OF CREDIT, AND WITH COLLEGE SCHOLARSHIP OPPORTUNITIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt030460
IRS990/AdvertisingGrp/TotalAmt030460
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL P MILLER CPA PL
IRS990/BooksInCareOfDetail/PhoneNum02394721323
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01648 PERIWINKLE WAY SUITE D
IRS990/BooksInCareOfDetail/USAddress/CityNm0SANIBEL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033957
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0536600
IRS990/CashNonInterestBearingGrp/EOYAmt0672037
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04249193
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02895581
IRS990/CYOtherRevenueAmt0166136
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-119835
IRS990/CYSalariesCompEmpBnftPaidAmt01639583
IRS990/CYTotalExpensesAmt04535164
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04415329
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt03828
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0372757
IRS990/DepreciationDepletionGrp/TotalAmt0372757
IRS990/Desc0GRAY COLLEGIATE ACADEMY (GCA) WAS ORGANIZED TO PROVIDE AN OUTSTANDING ACADEMIC AND ATHLETIC PROGRAM, WITH A COLLEGE PREPARATORY PROGRAM IN 9TH AND 10TH GRADE AND DUAL ENROLLMENT IN 11TH AND 12TH GRADE. GCA STRIVES TO HAVE STUDENTS GRADUATE WITH AN AA DEGREE OR 48-60 HOURS OF CREDIT, AND WITH COLLEGE SCHOLARSHIP OPPORTUNITIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt064400
IRS990/FeesForServicesAccountingGrp/TotalAmt064400
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt018131
IRS990/FeesForServicesLegalGrp/TotalAmt018131
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0628829
IRS990/FeesForServicesManagementGrp/TotalAmt0628829
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0564553
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0102863
IRS990/FeesForServicesOtherGrp/TotalAmt0667416
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0TERESA BRAZELL
IRS990/Form990PartVIISectionAGrp/PersonNm1TAMI THOMASON
IRS990/Form990PartVIISectionAGrp/PersonNm2JASON FIELDS
IRS990/Form990PartVIISectionAGrp/PersonNm3ELIZABETH SHERIDAN
IRS990/Form990PartVIISectionAGrp/PersonNm4WADE ROOF
IRS990/Form990PartVIISectionAGrp/PersonNm5BRETT MARLOWE
IRS990/Form990PartVIISectionAGrp/PersonNm6KIM SEAWELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt04249193
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04415329
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0669933
IRS990/InterestGrp/TotalAmt0669933
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01034216
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06481245
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06343386
IRS990/LandBldgEquipCostOrOtherBssAmt07377602
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF GRAY COLLEGIATE ACADEMY (GCA) IS TO PROVIDE AN OUTSTANDING ACADEMIC AND ATHLETIC PROGRAM, WITH A COLLEGE PREPARATORY PROGRAM IN 9TH AND 10TH GRADE AND DUAL ENROLLMENT IN 11TH AND 12TH GRADE. STUDENTS WILL GRADUATE FROM GCA WITH AN AA DEGREE OR 48-60 HOURS OF CREDIT, AND WITH COLLEGE SCHOLARSHIP OPPORTUNITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0312731
IRS990/NetAssetsOrFundBalancesEOYAmt0192896
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0109682
IRS990/OccupancyGrp/TotalAmt0109682
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02064832
IRS990/OtherAssetsTotalGrp/EOYAmt02058421
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0169696
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0301159
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0470855
IRS990/OtherExpensesGrp/Desc0SUPPLIES, MTLS & EQUIP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0264927
IRS990/OtherExpensesGrp/ProgramServicesAmt051758
IRS990/OtherExpensesGrp/TotalAmt0316685
IRS990/OtherLiabilitiesGrp/BOYAmt08824575
IRS990/OtherLiabilitiesGrp/EOYAmt08921387
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS OTHER REVENUES
IRS990/OtherRevenueMiscGrp/Desc1INTEREST ON BANK DEPOSITS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0165896
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1240
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0165896
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1240
IRS990/OtherRevenueTotalAmt0166136
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0512837
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0632156
IRS990/OtherSalariesAndWagesGrp/TotalAmt01144993
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010443
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013292
IRS990/PensionPlanContributionsGrp/TotalAmt023735
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt047100
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt065446
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078188
IRS990/PrincipalOfficerNm0TERESA BRAZELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GRAY COLLEGIATE ACADEMY (GCA) WAS ORGANIZED TO PROVIDE AN OUTSTANDING ACADEMIC AND ATHLETIC PROGRAM, WITH A COLLEGE PREPARATORY PROGRAM IN 9TH AND 10TH GRADE AND DUAL ENROLLMENT IN 11TH AND 12TH GRADE. GCA STRIVES TO HAVE STUDENTS GRADUATE WITH AN AA DEGREE OR 48-60 HOURS OF CREDIT, AND WITH COLLEGE SCHOLARSHIP OPPORTUNITIES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01473985
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04446297
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02763732
IRS990/PYOtherRevenueAmt047220
IRS990/PYRevenuesLessExpensesAmt0125682
IRS990/PYSalariesCompEmpBnftPaidAmt01604103
IRS990/PYTotalExpensesAmt04367835
IRS990/PYTotalRevenueAmt04493517
IRS990/ReconcilationRevenueExpnssAmt0-119835
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05403736
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0952434
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06356170
IRS990ScheduleD/EquipmentGrp/BookValueAmt0189650
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081782
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0271432
IRS990ScheduleD/ExpensesSubtotalAmt04535164
IRS990ScheduleD/LandGrp/BookValueAmt0750000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0750000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt158421
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06921387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt04415329
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06343386
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02058421
IRS990ScheduleD/TotalExpensesPerForm990Amt04535164
IRS990ScheduleD/TotalLiabilityAmt08921387
IRS990ScheduleD/TotalRevenuePerForm990Amt04415329
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04415329
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04535164
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 ORGANIZATION INCLUDES A NONDISCIMINATION STATEMENT IN ITS PUBLISHED MATERIAL, WEBSITE AND CHARTER APPLICATION MATERIAL SO THE POLICY CAN BE KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1LINE 6A - THE ORGANIZATION RECEIVES FINANCIAL SUPPORT THROUGH VARIOUS STATE OF SOUTH CAROLINA AND FEDERAL PROGRAMS WHICH SUPPORT THE START UP ACTIVITIES OF THE ORGANIZATION AND THE ON-GOING FUNDING FOR ITS HIGH SCHOOL EDUCATION PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF GRAY COLLEGIATE ACADEMY (GCA) IS TO PROVIDE AN OUTSTANDING ACADEMIC AND ATHLETIC PROGRAM, WITH A COLLEGE PREPARATORY PROGRAM IN 9TH AND 10TH GRADE AND DUAL ENROLLMENT IN 11TH AND 12TH GRADE. STUDENTS WILL GRADUATE FROM GCA WITH AN AA DEGREE OR 48-60 HOURS OF CREDIT, AND WITH COLLEGE SCHOLARSHIP OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRAY COLLEGIATE ACADEMY (GCA) WAS ORGANIZED TO PROVIDE AN OUTSTANDING ACADEMIC AND ATHLETIC PROGRAM, WITH A COLLEGE PREPARATORY PROGRAM IN 9TH AND 10TH GRADE AND DUAL ENROLLMENT IN 11TH AND 12TH GRADE. GCA STRIVES TO HAVE STUDENTS GRADUATE WITH AN AA DEGREE OR 48-60 HOURS OF CREDIT, AND WITH COLLEGE SCHOLARSHIP OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT OF THE SCHOOL WAS DELEGATED TO A PINNACLE CHARTER SCHOOL MANAGEMENT, A CHARTER SCHOOL MANAGEMENT COMPANY, UNDER THE TERMS OF A CONTRACT BETWEEN THE MANAGEMENT COMPANY AND THE SCHOOL. OVERSIGHT OF THE MANAGEMENT COMPANY IS PERFORMED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPY OF FORM 990 IS PROVIDED TO MANAGEMENT REPRESENTATIVES TO REVIEW AND APPROVE PRIOR TO FILING OF RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PUBLIC WILL BE PROVIDED A COPY OF THE SCHOOL'S FORM 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUBCONTRACT INSTRUCTORS 102,863 0 0 COMMUNICATIONS 0 40,103 0 HUMAN RESOURCES 0 38,000 0 OTHER 0 462,422 0 AUDIT 0 24,028 0 TOTAL 102,863 564,553 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0464574562
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0GRAY COLLEGIATE ACADEMY LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt012629
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt04585
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt01648 PERIWINKLE WAY SUITE D
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SANIBEL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd033957
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0GRAY COLLEGIATE ACADEMY LP WAS FORMED FOR THE PURPOSE OF SECURING CAPITAL TO ADVANCE FUNDING TO THE DEVELOPER AND OWNER OF THE SCHOOL FACILITY. IN ORDER TO ACCESS THE EB-5 IMMIGRANT INVESTOR PROGRAM FUNDING, THE PARTNERSHIP IS REQUIRED TO EMPLOY ALL TEACHERS AND STAFF ASSOCIATED WITH THE SCHOOL. THE PARTNERSHIP RECEIVED 2.0 MILLION IN CAPITAL ADVANCED FROM FOUR PARTNERS DURING THE FISCAL YEAR AND IMMEDIATELY ADVANCED THESE PROCEEDS TO THE DEVELOPER.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09195423
IRS990/TotalAssetsEOYAmt09187749
IRS990/TotalAssetsGrp/BOYAmt09195423
IRS990/TotalAssetsGrp/EOYAmt09187749
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04249193
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03061179
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01473985
IRS990/TotalFunctionalExpensesGrp/TotalAmt04535164
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08882692
IRS990/TotalLiabilitiesEOYAmt08994853
IRS990/TotalLiabilitiesGrp/BOYAmt08882692
IRS990/TotalLiabilitiesGrp/EOYAmt08994853
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0312731
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0192896
IRS990/TotalOtherProgSrvcExpenseAmt01473985
IRS990/TotalProgramServiceExpensesAmt01473985
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0166136
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04415329
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09195423
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09187749
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt017288
IRS990/TravelGrp/TotalAmt017288
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0312731
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0192896
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03833 LEAPHART ROAD
IRS990/USAddress/CityNm0WEST COLUMBIA
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029169
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GRAYCOLLEGIATEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERESA BRAZELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02394721323
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAY COLLEGIATE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAY
ReturnHeader/Filer/EIN0800912325
ReturnHeader/Filer/PhoneNum08039513321
ReturnHeader/Filer/USAddress/AddressLine1Txt03833 LEAPHART RD
ReturnHeader/Filer/USAddress/CityNm0WEST COLUMBIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029169
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId057FBA15F42974BA371E22C466124BE70B5034B3E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId084099A461097E170D87EB6BDCF08AD60A808579D
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454334033
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL P MILLER CPA PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01648 PERIWINKLE WAY STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANIBEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033957
ReturnHeader/PreparerPersonGrp/PhoneNum02394721323
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL P MILLER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-15T09:32:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,187,749
Liabilities
$8,994,853
Net assets
$192,896
Revenue
$4,415,329
Expenses
$4,535,164
Net income
-$119,835
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$26.9$26.4$0.49$9.89$11.0$1.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.5$26.9$1.61$8.21$8.14$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$12.9$1.55$7.40$5.81$1.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$12.9$0.03$5.60$5.99$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.82$9.46$0.36$5.38$5.03$0.34
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.21$9.20$0.01$4.80$4.98$0.18
2017Detailed filing. Detailed filing data is available for this year.$9.19$8.99$0.19$4.42$4.54$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.20$8.88$0.31$4.49$4.37$0.13
2015Summary only. Only limited summary data is available for this year.$9.12$8.94$0.19$3.47$3.28$0.19
2014Summary only. Only limited summary data is available for this year.$0.02$0.02$0.10$0.11$0.00