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Nonprofiteer
← GLOBAL VILLAGE ACADEMY - DOUGLAS COUNTY

Form 990 for tax year 2024

Filed by GLOBAL VILLAGE ACADEMY - DOUGLAS COUNTY.

Totals

Total revenue
$6,805,760
Total expenses
$7,377,875
Contributions and grants received
$543,828
Grants paid
$0
Program service revenue
$6,154,070
Investment income
$107,862
Other revenue
$0
Total assets, end of year
$19,127,020
Total liabilities, end of year
$24,277,040
Net assets or fund balances, end of year
-$5,150,020
Program services expenses (Part IX)
$4,126,959
Management and general expenses
$3,250,916
Fundraising expenses
$0
Program service expenses (Part III)
$4,126,959

Program services were 55.9% 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)

    $422,221

  • 1f · All other contributions, gifts and grants

    $121,607

  • 2a · Program service revenue: PER PUPIL REVENUE

    total $4,959,088 · related or exempt $4,959,088

  • 2b · Program service revenue: MILL LEVY REVENUE

    total $1,054,871 · related or exempt $1,054,871

  • 2c · Program service revenue: TUITION AND FEES

    total $134,481 · related or exempt $134,481

  • 2d · Program service revenue: MISCELLANEOUS

    total $5,630 · related or exempt $5,630

  • 3 · Investment income

    total $107,862 · related or exempt $107,862

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,947,338 · program services $2,476,954 · management and general $470,384

  • 8 · Pension plan contributions

    total $1,113,316 · program services $887,038 · management and general $226,278

  • 9 · Other employee benefits

    total $248,539 · program services $213,066 · management and general $35,473

  • 10 · Payroll taxes

    total $40,849 · program services $33,946 · management and general $6,903

  • 11b · Fees: legal

    total $5,364 · management and general $5,364

  • 11c · Fees: accounting

    total $8,768 · management and general $8,768

  • 11g · Fees: other

    total $178,469 · management and general $178,469

  • 12 · Advertising and promotion

    total $5,112 · management and general $5,112

  • 13 · Office expenses

    total $52,027 · management and general $52,027

  • 16 · Occupancy

    total $308,325 · management and general $308,325

  • 17 · Travel

    total $23,202 · management and general $23,202

  • 19 · Conferences, conventions and meetings

    total $19,789 · management and general $19,789

  • 20 · Interest

    total $741,359 · management and general $741,359

  • 21 · Payments to affiliates

    total $408,830 · management and general $408,830

  • 22 · Depreciation, depletion and amortization

    total $303,372 · management and general $303,372

  • 23 · Insurance

    total $58,300 · management and general $58,300

  • 24a · Other expenses: DISTRICT OVERHEAD

    total $315,639 · program services $315,639

  • 24b · Other expenses: ISSUANCE COSTS

    total $315,051 · management and general $315,051

  • 24c · Other expenses: ELECTRONIC MEDIA MATERIAL

    total $82,703 · program services $82,703

  • 24d · Other expenses: SUPPLIES AND MATERIALS

    total $58,300 · program services $57,282 · management and general $1,018

  • 24e · All other expenses

    total $143,223 · program services $60,331 · management and general $82,892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,002,836 · end of year $1,302,611

  • 4 · Accounts receivable

    beginning of year $3,832 · end of year $12,012

  • 10a · Land, buildings and equipment: cost or other basis

    $12,423,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,014,456

  • 10c · Land, buildings and equipment, net

    beginning of year $9,990,032 · end of year $11,409,442

  • 15 · Other assets

    beginning of year $2,903,869 · end of year $6,402,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,546 · end of year $607,180

  • 19 · Deferred revenue

    beginning of year $6,118

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,725,000 · end of year $17,075,000

  • 25 · Other liabilities

    beginning of year $6,649,810 · end of year $6,594,860

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$4,577,905 · end of year -$5,150,020

Mission and programs · 2024

Mission

OPERATION OF A CHARTER SCHOOL. THE SCHOOL FOCUSES ON K-8 LANGUAGE IMMERSION WHERE STUDENTS LEARN IN ENGLISH AND THEIR CHOICE OF CHINESE, SPANISH, OR GERMAN.

Activities or mission (Part I)

THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL,SPECIALIZING IN LANGUAGE IMMERSION EDUCATION FOR ALL STUDENTS. STUDENTS HAVE A CHOICE TO LEARN IN ENGLISH AND THEIR CHOICE OF MANDARIN CHINESE, SPANISH, OR GERMAN.

  • OPERATION OF A CHARTER SCHOOL.

    Expenses $4,126,959

As filed on the 2024 return.

Listed in Part VII

  • Stacy Bush

    PRINCIPAL

    Total calculated
    $139,492
    From this org
    $139,492
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Adam Goffin

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Chris Lee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Heather Porter

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Paige Schuster

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Greg Trifolo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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
2024
Filed
12 January 2026
IRS schema version
2024v5.0
Source object
202620269349301772

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