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Nonprofiteer
← GREAT LAKES ACADEMY INC

Form 990 for tax year 2024

Filed by GREAT LAKES ACADEMY INC.

Totals

Total revenue
$11,598,487
Total expenses
$11,045,881
Contributions and grants received
$10,591,374
Grants paid
$0
Program service revenue
$882,051
Investment income
$125,205
Other revenue
-$143
Total assets, end of year
$13,861,324
Total liabilities, end of year
$6,361,807
Net assets or fund balances, end of year
$7,499,517
Program services expenses (Part IX)
$9,166,477
Management and general expenses
$1,684,551
Fundraising expenses
$194,853
Program service expenses (Part III)
$9,166,477

Program services were 83.0% 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.

  • 1c · Fundraising events

    $170,764

  • 1e · Government grants (contributions)

    $9,720,425

  • 1f · All other contributions, gifts and grants

    $700,185

  • 1g · Noncash contributions included above

    $32,242

  • 2a · Program service revenue: FOOD PROGRAM

    total $740,475 · related or exempt $740,475

  • 2b · Program service revenue: STUDENT FEES

    total $141,576 · related or exempt $141,576

  • 3 · Investment income

    total $125,205 · excluded $125,205

  • 8a · Fundraising events: gross income

    $60,020

  • 8a · Fundraising events: contributions included on line 1c

    $170,764

  • 8b · Fundraising events: direct expenses

    $71,662

  • 8c · Net income from fundraising events

    total -$11,642 · excluded -$11,642

  • 11d · All other revenue

    total $11,499 · excluded $11,499

  • 11e · Other revenue, total

    $11,499

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $263,336 · program services $229,835 · management and general $29,591 · fundraising $3,910

  • 7 · Other salaries and wages

    total $5,113,886 · program services $4,463,301 · management and general $574,650 · fundraising $75,935

  • 8 · Pension plan contributions

    total $536,406 · program services $468,165 · management and general $60,276 · fundraising $7,965

  • 9 · Other employee benefits

    total $447,140 · program services $390,255 · management and general $50,245 · fundraising $6,640

  • 10 · Payroll taxes

    total $185,865 · program services $162,219 · management and general $20,886 · fundraising $2,760

  • 11b · Fees: legal

    total $14,359 · management and general $14,359

  • 11c · Fees: accounting

    total $151,670 · management and general $151,670

  • 11g · Fees: other

    total $343,320 · program services $158,165 · management and general $185,155

  • 13 · Office expenses

    total $196,496 · program services $156,064 · management and general $21,000 · fundraising $19,432

  • 14 · Information technology

    total $482,705 · program services $351,724 · management and general $130,981

  • 16 · Occupancy

    total $1,009,196 · program services $983,910 · management and general $22,570 · fundraising $2,716

  • 20 · Interest

    total $279,218 · program services $273,634 · management and general $5,584

  • 22 · Depreciation, depletion and amortization

    total $76,694 · program services $75,160 · management and general $1,534

  • 23 · Insurance

    total $44,450 · management and general $44,450

  • 24a · Other expenses: FOOD SERVICE

    total $686,721 · program services $685,488 · management and general $1,233

  • 24b · Other expenses: DIRECT STUDENT SUPPLIES

    total $562,590 · program services $446,828 · management and general $60,126 · fundraising $55,636

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $368,539 · program services $321,729 · management and general $41,332 · fundraising $5,478

  • 24d · Other expenses: CPS ADMIN FEE

    total $216,987 · management and general $216,987

  • 24e · All other expenses

    total $66,303 · management and general $51,922 · fundraising $14,381

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,122,896 · end of year $3,663,760

  • 3 · Pledges and grants receivable

    beginning of year $1,133,412 · end of year $554,059

  • 7 · Other notes and loans receivable

    beginning of year $7,364,000 · end of year $7,364,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,726 · end of year $5,851

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

    $1,959,191

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

    $321,689

  • 10c · Land, buildings and equipment, net

    beginning of year $1,426,346 · end of year $1,637,502

  • 14 · Intangible assets

    beginning of year $29,310 · end of year $20,936

  • 15 · Other assets

    beginning of year $575,767 · end of year $615,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $517,632 · end of year $588,024

  • 23 · Secured mortgages and notes payable

    beginning of year $5,473,982 · end of year $5,335,683

  • 25 · Other liabilities

    beginning of year $583,300 · end of year $438,100

  • 27 · Net assets without donor restrictions

    beginning of year $6,604,240 · end of year $7,202,796

  • 28 · Net assets with donor restrictions

    beginning of year $487,303 · end of year $296,721

Mission and programs · 2024

Mission

TO PREPARE OUR STUDENTS WITH THE FUNDAMENTAL ACADEMIC SKILLS, CRITICAL THINKING ABILITY, AND STRENGTH OF CHARACTER TO EXCEL IN HIGH SCHOOL, COLLEGE, AND CAREER OF THEIR CHOICE. WE EMPOWER OUR STUDENTS WITH THE EDUCATION TODAY THAT THEY WILL NEED TO CHANGE THE WORLD TOMORROW.

Activities or mission (Part I)

TO PREPARE ALL OF OUR STUDENTS WITH THE FUNDAMENTAL ACADEMIC SKILLS, CRITICAL THINKING ABILITY, AND STRENGTH OF CHARACTER TO EXCEL IN HIGH SCHOOL, COLLEGE, AND A CAREER OF THEIR CHOICE. WE EMPOWERALL OF OUR STUDENTS WITH THE EDUCATION TODAY THAT THEY WILL NEED TO CHANGE THE WORLD TOMORROW.

  • THE SCHOOL IS A PUBLIC CHARTER SCHOOL WHOSE MISSION IS TO PREPARE ALL OF OUR STUDENTS WITH THE FUNDAMENTAL ACADEMIC SKILLS, CRITICAL THINKING ABILITY, AND STRENGTH OF CHARACTER TO EXCEL IN HIGH SCHOOL, COLLEGE, AND A CAREER OF THEIR CHOICE. WE EMPOWER ALL OF OUR STUDENTS WITH THE EDUCATION TODAY THAT THEY WILL NEED TO CHANGE THE WORLD TOMORROW. DURING THE YEAR ENDED JUNE 30, 2025 GREAT LAKES ACADEMY, INC. SERVED 545 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE.

    Expenses $9,166,477 · Revenue $882,051

As filed on the 2024 return.

Listed in Part VII

  • JOHN WASHINGTON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • APARUPA BHATTACHARYA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • ANDY BAKER

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • CHRISTINE CHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • KATHERINE CHERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DUANE DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • BRAD KARSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • KATIE MCCLAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL MESTERHARM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • ADELINE OGBOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DEION OWENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MATTHEW SLOAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • NICOLE WOODFORK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • EBONIE DURHAM

    EXECUTIVE DIRECTOR

    Total calculated
    $233,346
    From this org
    $198,928
    From related orgs
    $0
    Other
    $34,418
    Hours/week
    50 + 3 related

    Schedule J breakdown matched by us

    Base
    $187,828
    Bonus
    $11,100
    Other
    $0
    Deferred
    $28,168
    Nontaxable benefits
    $6,250
    Filer's total
    $233,346

  • JOSHUA MILLER

    PRINCIPAL

    Total calculated
    $168,744
    From this org
    $142,092
    From related orgs
    $0
    Other
    $26,652
    Hours/week
    50 + 3 related

    Schedule J breakdown matched by us

    Base
    $141,592
    Bonus
    $500
    Other
    $0
    Deferred
    $20,120
    Nontaxable benefits
    $6,532
    Filer's total
    $168,744

  • EMILY GARBAREK

    MANAGING DIRECTOR OF OPERATIONS

    Total calculated
    $127,770
    From this org
    $110,656
    From related orgs
    $0
    Other
    $17,114
    Hours/week
    50

  • MEAGAN JOHNSON

    ASSISTANT PRINCIPAL

    Total calculated
    $146,078
    From this org
    $122,636
    From related orgs
    $0
    Other
    $23,442
    Hours/week
    50

  • STEPHANIE BECK

    ASSISTANT PRINCIPAL OF OPERATIONS

    Total calculated
    $113,586
    From this org
    $102,130
    From related orgs
    $0
    Other
    $11,456
    Hours/week
    50

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR HAS AN ANNUAL PERFORMANCE BONUS BASED ON TERMS IN THE EXECUTIVE DIRECTOR EVALUATION RUBRIC. THE OTHER EMPLOYEES RECEIVED A BONUS FOR PERFECT ATTENDANCE DURING THE YEAR.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202601259349303700

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