Civic Intelligence

Gray Academy

990 • Fiscal year 2022 • EIN 83-1590154

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

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

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

93rd percentile

64%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

97th percentile

229%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

111%

Faster revenue growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$685,985

Up $477,303 (+229%) from 2021

Net Assets

Up

$685,985

Up $477,303 (+229%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin93rd percentile

Revenue

Up

$743,557

Up $391,953 (+111%) from 2021

Expenses

Up

$266,254

Up $26,612 (+11%) from 2021

Net Income

Up

$477,303

Up $365,341 (+326%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2022

Assets$685,985
Liabilities$0
Net Assets$685,985
Open 2022 Filing

Operations Trend

Revenue Growth90th 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

2022

Revenue$743,557
Expenses$266,254
Net Income$477,303
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$784,317
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$208,682$685,985▲ $477,303
Cash and Non-Interest-Bearing Accounts$7,193$418,608▲ $411,415
Accounts Receivable$166,158$233,514▲ $67,356
Land, Buildings, and Equipment, Net$35,331$33,863▼ $1,468
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$208,682$685,985▲ $477,303
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$208,682$685,985▲ $477,303
Total Liabilities and Net Assets / Fund Balance$208,682$685,985▲ $477,303

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$33,863$6,520$40,383
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Gordon GrayDirector
Kristen GrayDirector & CEO
Emily ParkChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$313,040
Program Service Revenue
$439,004
Investment Income
$0
Other Revenue
$-8,487
Change in Net Assets
$477,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$155,642
Other Expenses$110,612
Total Fundraising Expense$12,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$114,688$21,504$7,168$143,360
Occupancy$60,408$11,327$3,776$75,511
Office Expenses$11,438$2,146$714$14,298
Payroll Taxes$9,826$1,842$614$12,282
Fees for Services Other$3,156$1,955$197$5,308
Insurance-$3,804-$3,804
Fees for Services Accounting-$2,500-$2,500
Information Technology$1,435$269$90$1,794
Depreciation Depletion-$1,468-$1,468
Other Expenses$411$77$26$514
Total Functional Expenses$205,042$48,397$12,815$266,254
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$40,760
Fundraising Gross Income$32,273
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
David Foster Concert$345,313$32,273$16,549$15,724
Total Events$345,313$32,273$40,760$-8,487
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

“President/ceo kristen gray is married to director/secretary/treasurer 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
Kristen Gray
Title
Director & CEO
Phone
3103935115
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Gray
Formed
2018
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
7
Volunteers
2

Preparer

Firm
Baker Tilly US Llp
Address
18500 VON KARMAN AVE 10TH FLOOR, IRVINE, CA 92612
Preparer
Brian Yacker
Phone
9492222999
Raw XML Appendix373 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.

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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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT/CEO KRISTEN GRAY IS MARRIED TO DIRECTOR/SECRETARY/TREASURER 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0208682
IRS990/TotalAssetsEOYAmt0685985
IRS990/TotalAssetsGrp/BOYAmt0208682
IRS990/TotalAssetsGrp/EOYAmt0685985
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0313040
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012815
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0205042
IRS990/TotalFunctionalExpensesGrp/TotalAmt0266254
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0208682
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0685985
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0205042
IRS990/TotalProgramServiceRevenueAmt0439004
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-8487
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0439004
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0743557
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0208682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0685985
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0532 COLORADO AVE
IRS990/USAddress/CityNm0SANTA MONICA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090401
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0THEGRAYACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTEN GRAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03103935115
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GRAY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0GRAY
ReturnHeader/Filer/EIN0831590154
ReturnHeader/Filer/PhoneNum03103935115
ReturnHeader/Filer/USAddress/AddressLine1Txt0532 COLORADO AVE
ReturnHeader/Filer/USAddress/CityNm0SANTA MONICA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018500 VON KARMAN AVE 10TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092612
ReturnHeader/PreparerPersonGrp/PhoneNum09492222999
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN YACKER
ReturnHeader/ReturnTs02023-11-08T19:38:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KRISTEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRAY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$685,985
Liabilities
$0
Net assets
$685,985
Revenue
$743,557
Expenses
$266,254
Net income
$477,303
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