Form 990 for tax year 2023
Filed by GLOBAL VILLAGE ACADEMY - AURORA.
Totals
- Total revenue
- $15,427,426
- Total expenses
- $16,725,558
- Contributions and grants received
- $1,377,033
- Grants paid
- $0
- Program service revenue
- $12,594,198
- Investment income
- $403,591
- Other revenue
- $1,052,604
- Total assets, end of year
- $37,784,441
- Total liabilities, end of year
- $50,362,828
- Net assets or fund balances, end of year
- -$12,578,387
- Program services expenses (Part IX)
- $8,166,510
- Management and general expenses
- $8,559,048
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,166,510
Program services were 48.8% 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)
$1,367,033
-
1f · All other contributions, gifts and grants
$10,000
-
2a · Program service revenue: PPR
total $9,937,188 · related or exempt $9,937,188
-
2b · Program service revenue: MILL LEVY
total $2,587,998 · related or exempt $2,587,998
-
2c · Program service revenue: TUITION AND FEES
total $38,440 · related or exempt $38,440
-
2d · Program service revenue: STUDENT ACTIVITIES
total $19,772 · related or exempt $19,772
-
2e · Program service revenue: BEFORE AND AFTER CARE
total $10,800 · related or exempt $10,800
-
3 · Investment income
total $403,591 · related or exempt $403,591
-
11a · Other revenue: RENT
total $755,926 · related or exempt $755,926
-
11b · Other revenue: INSURANCE PROCEEDS
total $282,692 · related or exempt $282,692
-
11c · Other revenue: OTHER
total $13,986 · related or exempt $13,986
-
11e · Other revenue, total
$1,052,604
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $6,225,819 · program services $4,723,192 · management and general $1,502,627
-
8 · Pension plan contributions
total $2,026,821 · program services $1,567,148 · management and general $459,673
-
9 · Other employee benefits
total $514,348 · program services $388,579 · management and general $125,769
-
10 · Payroll taxes
total $86,143 · program services $66,491 · management and general $19,652
-
11b · Fees: legal
total $32,283 · management and general $32,283
-
11c · Fees: accounting
total $28,250 · management and general $28,250
-
11g · Fees: other
total $45,552 · management and general $45,552
-
12 · Advertising and promotion
total $612 · management and general $612
-
13 · Office expenses
total $117,027 · management and general $117,027
-
16 · Occupancy
total $2,742,747 · management and general $2,742,747
-
17 · Travel
total $29,726 · program services $17,736 · management and general $11,990
-
20 · Interest
total $1,261,029 · management and general $1,261,029
-
21 · Payments to affiliates
total $844,329 · management and general $844,329
-
22 · Depreciation, depletion and amortization
total $820,629 · management and general $820,629
-
23 · Insurance
total $126,340 · management and general $126,340
-
24a · Other expenses: DISTRICT SERVICES
total $875,863 · program services $875,863
-
24b · Other expenses: OTHER
total $261,170 · management and general $261,170
-
24c · Other expenses: SUPPLIES AND MATERIALS
total $201,001 · program services $201,001
-
24d · Other expenses: BOOKS AND PERIODICALS
total $143,878 · program services $143,878
-
24e · All other expenses
total $341,991 · program services $182,622 · management and general $159,369
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,404,235 · end of year $5,986,747
-
4 · Accounts receivable
beginning of year $281,141 · end of year $283,970
-
9 · Prepaid expenses and deferred charges
beginning of year $20,534
-
10a · Land, buildings and equipment: cost or other basis
$26,690,647
-
10b · Land, buildings and equipment: accumulated depreciation
$5,991,840
-
10c · Land, buildings and equipment, net
beginning of year $695,562 · end of year $20,698,807
-
15 · Other assets
beginning of year $3,727,718 · end of year $10,814,917
-
17 · Accounts payable and accrued expenses
beginning of year $236,595 · end of year $1,680,168
-
19 · Deferred revenue
end of year $151,922
-
20 · Tax-exempt bond liabilities
end of year $27,115,000
-
25 · Other liabilities
beginning of year $16,805,785 · end of year $21,415,738
-
31 · Retained earnings, endowment or other funds
beginning of year -$6,913,190 · end of year -$12,578,387
Mission and programs · 2023
Mission
THE ORGANIZATION IS A FREE K-8 LANGUAGE IMMERSION PUBLIC CHARTER SCHOOL, TEACHING SPNISH, MANDARIN CHINESE AND FRENCH.
Activities or mission (Part I)
THE ORGANIZATION IS A FREE K-8 LANGUAGE IMMERSION CHARTER SCHOOL, TEACHING SPANISH, MANDARIN CHINESE, AND FRENCH.
-
OPERATION OF A K-8 LANGUAGE IMMERSION CHARTER SCHOOL.
Expenses $8,166,510
As filed on the 2023 return.
Listed in Part VII
-
Khristine CorderoKHRISTINE CORDERO
VICE PRES
- Total calculated
- $0
- Hours/week
- 2
-
Jeriod PattersonJERIOD PATTERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Carol RiegerCAROL RIEGER
PRESIDENT
- 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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
GLOBAL VILLAGE ACADEMY AURORA BUILDING CORPORATION
LEASE · CO · income $1,653,660 · assets $23,531,714
Directly controlled by GVA AURORA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530279349301353
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