Civic Intelligence

Gray Academy

990 • Fiscal year 2020 • EIN 83-1590154

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 03, 2021

Organization ProfileTHEGRAYACADEMY.ORG
532 Colorado AveSanta Monica, CA 90401

(310) 393-5115

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

33rd percentile

-5.4%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

23rd percentile

-15%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

-9.2%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$98,566

Down $17,661 (-15%) from 2019

Net Assets

Down

$96,720

Down $13,903 (-13%) from 2019

Liabilities

Down

$1,846

Down $3,758 (-67%) from 2019

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin33rd percentile

Revenue

Down

$259,138

Down $26,260 (-9.2%) from 2019

Expenses

Down

$273,041

Down $32,127 (-11%) from 2019

Net Income

Up

-$13,903

Up $5,867 (+30%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$800K$600K$400K$200K$0Assets 2018: $131,126Liabilities 2018: $733Net Assets 2018: $130,3932018Assets 2019: $116,227Liabilities 2019: $5,604Net Assets 2019: $110,6232019Assets 2020: $98,566Liabilities 2020: $1,846Net Assets 2020: $96,7202020Assets 2021: $208,682Liabilities 2021: $0Net Assets 2021: $208,6822021Assets 2022: $685,985Liabilities 2022: $0Net Assets 2022: $685,9852022Assets 2023: $421,323Liabilities 2023: $0Net Assets 2023: $421,3232023Assets 2024: $358,255Liabilities 2024: $0Net Assets 2024: $358,2552024

Highlighted filing

2020

Assets$98,566
Liabilities$1,846
Net Assets$96,720
Open 2020 Filing

Operations Trend

Revenue Growth55th percentile

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

$1.0M$500K$0-$500KRevenue 2018: $253,300Expenses 2018: $122,907Net Income 2018: $130,3932018Revenue 2019: $285,398Expenses 2019: $305,168Net Income 2019: -$19,7702019Revenue 2020: $259,138Expenses 2020: $273,041Net Income 2020: -$13,9032020Revenue 2021: $351,604Expenses 2021: $239,642Net Income 2021: $111,9622021Revenue 2022: $743,557Expenses 2022: $266,254Net Income 2022: $477,3032022Revenue 2023: $236,216Expenses 2023: $494,248Net Income 2023: -$258,0322023Revenue 2024: $278,172Expenses 2024: $341,240Net Income 2024: -$63,0682024

Highlighted filing

2020

Revenue$259,138
Expenses$273,041
Net Income-$13,903
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 3, 2021
Return Version
2020v4.1
Gross Receipts
$259,138
Mission and Program Overview

Mission

Manage, operate, guide, direct and promote a school for children with neurological disorders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$110,623$96,720▼ $13,903
Accounts Receivable$53,308$44,630▼ $8,678
Land, Buildings, and Equipment, Net$38,268$36,800▼ $1,468
Cash and Non-Interest-Bearing Accounts$24,651$17,136▼ $7,515
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$116,227$98,566▼ $17,661
Liabilities
Accounts Payable and Accrued Expenses$5,604$1,846▼ $3,758
Total Liabilities$5,604$1,846▼ $3,758
Net Assets / Fund Balance
Total Net Assets Fund Balance$110,623$96,720▼ $13,903
Total Liabilities and Net Assets / Fund Balance$116,227$98,566▼ $17,661

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$36,800$3,583$40,383
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Kristin GrayDirector, President/CEO
Gordon GrayDirector, Secretary, Treasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$19,561
Program Service Revenue
$232,982
Investment Income
$0
Other Revenue
$6,595
All Other Contributions
$14,675
Change in Net Assets
$-13,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$175,464
Salaries, Compensation, and Employee Benefits$97,577
Total Fundraising Expense$12,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$96,000$18,000$6,000$120,000
Other Salaries and Wages$72,336$13,563$4,521$90,420
Fees for Services Other$16,857$3,161$1,054$21,072
Office Expenses$12,134$2,275$758$15,167
Payroll Taxes$5,725$1,074$358$7,157
Fees for Services Accounting-$5,000-$5,000
Insurance-$2,971-$2,971
Depreciation Depletion-$1,468-$1,468
Information Technology$490$91$31$612
Other Expenses$445$404$28$404
Total Functional Expenses$211,451$48,840$12,750$273,041
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,595
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Director/ceo kristen gray is married to director/cfo/secretary gordon gray”

Form 990, Part VI, Section B, Line 11B

“The draft form 990 is reviewed and approved by the governing body and legal counsel before the return is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Members of the board of directors review the conflict of interest policy on an annual basis. For any items that present a conflict of interest, any director that is conflicted abstains from participating in discussion or voting on such issue.”

Form 990, Part VI, Section B, Line 15

“The organization currently has no compensated executive or key employees. However in the event that changes, the governing body would determine compensation based on comparisons with compensation data for comparable positions at similar organizations, and then review such compensation on an annual basis in order to approve any changes with a formal vote.”

Form 990, Part VI, Section C, Line 19

“All documents subject to public disclosure are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Gray Academy
EIN
83-1590154
Phone
3103935115
Address
532 COLORADO AVE, SANTA MONICA, CA 90401

Signing Officer

Name
Kristin Gray
Title
President/CEO
Phone
3103935115
Signed
2021-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristin Gray
Formed
2018
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
2
Volunteers
4

Preparer

Firm
Baker Tilly US Llp
Address
18500 VON KARMAN AVE 10TH FLOOR, IRVINE, CA 92612
Preparer
Brian Yacker
Phone
9492222999
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A POSTING IN THE SCHOOL FOR ALL EMPLOYEES AND CONTRACTORS TO REVIEW AS WELL AS IN THE EMPLOYEE HANDBOOK.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTOR/CEO KRISTEN GRAY IS MARRIED TO DIRECTOR/CFO/SECRETARY GORDON GRAY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY AND LEGAL COUNSEL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FOR ANY ITEMS THAT PRESENT A CONFLICT OF INTEREST, ANY DIRECTOR THAT IS CONFLICTED ABSTAINS FROM PARTICIPATING IN DISCUSSION OR VOTING ON SUCH ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CURRENTLY HAS NO COMPENSATED EXECUTIVE OR KEY EMPLOYEES. HOWEVER IN THE EVENT THAT CHANGES, THE GOVERNING BODY WOULD DETERMINE COMPENSATION BASED ON COMPARISONS WITH COMPENSATION DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS, AND THEN REVIEW SUCH COMPENSATION ON AN ANNUAL BASIS IN ORDER TO APPROVE ANY CHANGES WITH A FORMAL VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS SUBJECT TO PUBLIC DISCLOSURE ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalLiabilitiesGrp/EOYAmt01846
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0110623
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096720
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0211451
IRS990/TotalProgramServiceRevenueAmt0232982
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06595
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0232982
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259138
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0116227
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt098566
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/ReturnTs02021-09-15T12:18:15-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$98,566
Liabilities
$1,846
Net assets
$96,720
Revenue
$259,138
Expenses
$273,041
Net income
-$13,903
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$2.78$3.41$0.63
2023Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$2.36$4.94$2.58
2022Detailed filing. Detailed filing data is available for this year.$6.86$0.00$6.86$7.44$2.66$4.77
2021Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$3.52$2.40$1.12
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.02$0.97$2.59$2.73$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.06$1.11$2.85$3.05$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.01$1.30$2.53$1.23$1.30