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Nonprofiteer
← GLOBAL ACADEMY OF SOUTH CAROLINA

Form 990 for tax year 2022

Filed by GLOBAL ACADEMY OF SOUTH CAROLINA.

Totals

Total revenue
$316,097
Total expenses
$342,890
Contributions and grants received
$316,097
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$232,573
Total liabilities, end of year
$259,366
Net assets or fund balances, end of year
-$26,793
Program services expenses (Part IX)
$180,346
Management and general expenses
$162,544
Fundraising expenses
$0
Program service expenses (Part III)
$180,346

Program services were 52.6% 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)

    $316,097

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $132,520 · management and general $132,520

  • 11b · Fees: legal

    total $11,713 · management and general $11,713

  • 11g · Fees: other

    total $109,824 · program services $109,824

  • 12 · Advertising and promotion

    total $725 · management and general $725

  • 13 · Office expenses

    total $1,327 · management and general $1,327

  • 17 · Travel

    total $650 · management and general $650

  • 23 · Insurance

    total $1,838 · management and general $1,838

  • 24a · Other expenses: SUPPLIES

    total $77,803 · program services $64,032 · management and general $13,771

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,490 · program services $6,490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $136,555

  • 3 · Pledges and grants receivable

    end of year $96,018

  • 17 · Accounts payable and accrued expenses

    end of year $9,366

  • 24 · Unsecured notes and loans payable

    end of year $250,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year -$26,793

  • 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 $0 · end of year $0

Mission and programs · 2022

Mission

THE MISSION OF GLOBAL ACADEMY OF SOUTH CAROLINA IS TO PROVIDE A SAFE AND INCLUSIVE LEARNING ENVIRONMENT THAT PROMOTES GLOBAL CITIZENSHIP, CULTURAL UNDERSTANDING, AND ACADEMIC EXCELLENCE. WE STRIVE TO EMPOWER STUDENTS TO BECOME WELL-ROUNDED INDIVIDUALS WHO ARE CRITICAL THINKERS, EFFECTIVE COMMUNICATORS, AND COMPASSIONATE LEADERS. THROUGH A RIGOROUS CURRICULUM THAT INTEGRATES INTERNATIONAL PERSPECTIVES AND INNOVATIVE TEACHING METHODS, WE AIM TO FOSTER CURIOSITY, CREATIVITY, AND RESILIENCE IN OUR STUDENTS. OUR COMMITTED FACULTY AND STAFF WORK COLLABORATIVELY WITH PARENTS AND THE WIDER COMMUNITY TO EMPOWER LIFELONG LEARNERS WHO EMBRACE DIVERSITY AS AN ASSET AND CONTRIBUTE POSITIVELY TO OUR INTERCONNECTED WORLD.

Activities or mission (Part I)

GLOBAL ACADEMY OF SOUTH CAROLINA IS A PUBLIC CHARTER SCHOOL LOCATED IN SPARTANBURG SC

  • THE 2022-23 FISCAL YEAR WAS THE START UP YEAR FOR THE SCHOOL. THE 2023-24 FISCAL YEAR WILL BE THE FIRST YEAR OF OPERATIONS AS A SCHOOL WITH ENROLLED STUDENTS.

    Expenses $180,346

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Liliya Kovalevich

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Vitaliy B Sulakov

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Roman Lyubar

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Marissa Aulick

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Lynne Leahey

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Oksana Sleptsov

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Andrey Ryzhkov

    MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202402199349300405

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