Totals
- Total revenue
- $8,941,646
- Total expenses
- $8,992,707
- Contributions and grants received
- $8,913,044
- Grants paid
- $0
- Program service revenue
- $26,319
- Investment income
- $93
- Other revenue
- $2,190
- Total assets, end of year
- $4,001,053
- Total liabilities, end of year
- $4,724,100
- Net assets or fund balances, end of year
- -$723,047
- Program services expenses (Part IX)
- $8,230,729
- Management and general expenses
- $761,978
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,230,729
Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$8,767,511
-
1f · All other contributions, gifts and grants
$145,533
-
2a · Program service revenue: MEDICAL ASSISTANCE
total $25,353 · related or exempt $25,353
-
2b · Program service revenue: FEES FROM PATRONS
total $966 · related or exempt $966
-
7a · Gross sales of assets other than inventory
other assets $93
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $93
-
7d · Net gain or loss
total $93 · excluded $93
-
10a · Gross sales of inventory
$562
-
10b · Cost of goods sold
$1,081
-
10c · Net income from sales of inventory
total -$519 · excluded -$519
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $2,709 · related or exempt $2,709
-
11e · Other revenue, total
$2,709
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $630,322 · program services $446,884 · management and general $183,438
-
7 · Other salaries and wages
total $3,658,020 · program services $3,477,380 · management and general $180,640
-
8 · Pension plan contributions
total $400,335 · program services $385,501 · management and general $14,834
-
9 · Other employee benefits
total $628,622 · program services $587,168 · management and general $41,454
-
10 · Payroll taxes
total $305,477 · program services $280,833 · management and general $24,644
-
11b · Fees: legal
total $1,850 · management and general $1,850
-
11c · Fees: accounting
total $108,208 · management and general $108,208
-
11g · Fees: other
total $1,527,114 · program services $1,507,926 · management and general $19,188
-
13 · Office expenses
total $144,942 · program services $114,125 · management and general $30,817
-
14 · Information technology
total $223,099 · program services $126,677 · management and general $96,422
-
16 · Occupancy
total $914,965 · program services $914,965
-
19 · Conferences, conventions and meetings
total $31,109 · program services $26,759 · management and general $4,350
-
20 · Interest
total $5,552 · program services $5,552
-
22 · Depreciation, depletion and amortization
total $128,368 · program services $120,973 · management and general $7,395
-
24a · Other expenses: INSTRUCTIONAL SUPPLIES
total $140,410 · program services $140,410
-
24b · Other expenses: RENTALS & MAINTENANCE
total $80,956 · program services $80,956
-
24c · Other expenses: DUES & MEMBERSHIPS
total $48,996 · program services $258 · management and general $48,738
-
24d · Other expenses: FIELD TRIPS
total $14,362 · program services $14,362
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,201,219 · end of year $1,299,610
-
4 · Accounts receivable
beginning of year $1,179,750 · end of year $1,061,761
-
9 · Prepaid expenses and deferred charges
beginning of year $15,462 · end of year $45,761
-
10a · Land, buildings and equipment: cost or other basis
$1,021,746
-
10b · Land, buildings and equipment: accumulated depreciation
$192,315
-
10c · Land, buildings and equipment, net
beginning of year $809,790 · end of year $829,431
-
15 · Other assets
beginning of year $1,295,136 · end of year $764,490
-
17 · Accounts payable and accrued expenses
beginning of year $559,284 · end of year $382,761
-
19 · Deferred revenue
end of year $64,656
-
25 · Other liabilities
beginning of year $4,816,932 · end of year $4,276,683
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$874,859 · end of year -$723,047
Mission and programs · 2024
Mission
GLOBAL ACADEMY IS A FREE, CHARTERED PUBLIC ELEMENTARY AND MIDDLE SCHOOL THAT SEEKS TO SERVE A DIVERSE GROUP OF STUDENTS. GLOBAL ACADEMY IS COMMITTED TO SERVICE IN THE BROADER WORLD BASED ON THE GOALS OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. EMPOWERED BY ACADEMIC RIGOR, GRADUATES OF GLOBAL ACADEMY WILL BE FULLY PREPARED FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS.
Activities or mission (Part I)
TO PREPARE STUDENTS FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS.
-
GLOBAL ACADEMY IS A NONPROFIT CORPORATION THAT WAS FORMED AND BEGAN OPERATING IN OCTOBER 2007, IN ACCORDANCE WITH MINNESOTA STATUTES. THE SCHOOL IS AUTHORIZED BY THE UNIVERSITY OF ST. THOMAS. DURING FISCAL YEAR 2024-2025, THE SCHOOL HAD APPROXIMATELY 457 STUDENTS ENROLLED.
Expenses $8,230,729 · Revenue $29,028
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kim FieldsKIM FIELDS
BOARD CHAIR/TEACHER
- Total calculated
- $102,475
- From this org
- $82,161
- From related orgs
- $0
- Other
- $20,314
- Hours/week
- 41
-
Megan HendricksMEGAN HENDRICKS
SECRETARY/TEACHER
- Total calculated
- $101,679
- From this org
- $68,810
- From related orgs
- $0
- Other
- $32,869
- Hours/week
- 41
-
Susan EltawelySUSAN ELTAWELY
TREASURER/TEACHER
- Total calculated
- $114,674
- From this org
- $82,646
- From related orgs
- $0
- Other
- $32,028
- Hours/week
- 41
-
Stephanie LennartsonSTEPHANIE LENNARTSON
BOARD MEMBER/TEACHER
- Total calculated
- $77,627
- From this org
- $57,924
- From related orgs
- $0
- Other
- $19,703
- Hours/week
- 41
-
Andrea RaadANDREA RAAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chelsea PelzerCHELSEA PELZER
BOARD MEMBER/TEACHER
- Total calculated
- $80,775
- From this org
- $65,431
- From related orgs
- $0
- Other
- $15,344
- Hours/week
- 41
-
Mahdi KhorisaniMAHDI KHORISANI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Zakkiyya Abdulwahid SelbyZAKKIYYA ABDULWAHID SELBY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melissa StorbakkenMELISSA STORBAKKEN
EXECUTIVE DIRECTOR
- Total calculated
- $183,514
- From this org
- $157,225
- From related orgs
- $0
- Other
- $26,289
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,225
- Bonus
- $0
- Other
- $0
- Deferred
- $13,948
- Nontaxable benefits
- $12,341
- Filer's total
- $183,514
-
Kari WagnerKARI WAGNER
GRADES 5-8 ASSISTANT DIRECTOR
- Total calculated
- $133,091
- From this org
- $110,651
- From related orgs
- $0
- Other
- $22,440
- Hours/week
- 40
-
Rebecca Lee BauerREBECCA LEE BAUER
DIRECTOR
- Total calculated
- $163,293
- From this org
- $126,729
- From related orgs
- $0
- Other
- $36,564
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,729
- Bonus
- $0
- Other
- $0
- Deferred
- $11,752
- Nontaxable benefits
- $24,812
- Filer's total
- $163,293
-
Charise PowellCHARISE POWELL
GRADES K-4 ASSISTANT DIRECTOR
- Total calculated
- $144,701
- From this org
- $109,353
- From related orgs
- $0
- Other
- $35,348
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · HOLD AND LEASE SCHOOL FACILITY · MN · controlled entity
Directly controlled by GLOBAL ACADEMY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611279349304266
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