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Nonprofiteer
← GEORGE WASHINGTON ACADEMY

Form 990 for tax year 2022

Filed by GEORGE WASHINGTON ACADEMY.

Totals

Total revenue
$10,184,346
Total expenses
$8,532,193
Contributions and grants received
$9,682,852
Grants paid
$0
Program service revenue
$236,588
Investment income
$264,896
Other revenue
$10
Total assets, end of year
$21,153,022
Total liabilities, end of year
$13,242,255
Net assets or fund balances, end of year
$7,910,767
Program services expenses (Part IX)
$8,324,900
Management and general expenses
$207,293
Fundraising expenses
$0
Program service expenses (Part III)
$8,324,900

Program services were 97.6% 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)

    $9,659,158

  • 1f · All other contributions, gifts and grants

    $23,694

  • 2a · Program service revenue: STUDENT SERVICES

    total $236,588 · related or exempt $236,588

  • 3 · Investment income

    total $254,766 · excluded $254,766

  • 6a · Gross rents

    real property $10

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $10

  • 6d · Net rental income or loss

    total $10 · excluded $10

  • 7a · Gross sales of assets other than inventory

    other assets $14,895

  • 7b · Less cost or other basis and sales expenses

    other assets $4,765

  • 7c · Gain or loss

    other assets $10,130

  • 7d · Net gain or loss

    total $10,130 · excluded $10,130

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $151,514 · program services $151,514

  • 7 · Other salaries and wages

    total $4,795,091 · program services $4,795,091

  • 8 · Pension plan contributions

    total $213,702 · program services $213,702

  • 9 · Other employee benefits

    total $693,848 · program services $693,848

  • 10 · Payroll taxes

    total $357,501 · program services $357,501

  • 11a · Fees: management

    total $78,336 · management and general $78,336

  • 11b · Fees: legal

    total $4,568 · management and general $4,568

  • 11c · Fees: accounting

    total $22,134 · management and general $22,134

  • 11g · Fees: other

    total $258,437 · program services $258,437

  • 12 · Advertising and promotion

    total $7,923 · management and general $7,923

  • 14 · Information technology

    total $172,700 · program services $172,700

  • 17 · Travel

    total $49,259 · program services $170 · management and general $49,089

  • 20 · Interest

    total $474,866 · program services $474,866

  • 22 · Depreciation, depletion and amortization

    total $474,186 · program services $474,186

  • 23 · Insurance

    total $45,243 · management and general $45,243

  • 24a · Other expenses: SUPPLIES

    total $320,021 · program services $320,021

  • 24b · Other expenses: EDUCATIONAL MATERIAL

    total $275,689 · program services $275,689

  • 24c · Other expenses: PROPERTY & MAINTENANCE

    total $76,281 · program services $76,281

  • 24d · Other expenses: UTILITIES

    total $57,083 · program services $57,083

  • 24e · All other expenses

    total $3,811 · program services $3,811

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,294,319 · end of year $1,597,116

  • 2 · Savings and temporary cash investments

    beginning of year $1,249,291

  • 3 · Pledges and grants receivable

    beginning of year $412,690 · end of year $230,237

  • 4 · Accounts receivable

    beginning of year $6,505 · end of year $3,518

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,528 · end of year $6,659

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

    $16,315,282

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

    $5,396,641

  • 10c · Land, buildings and equipment, net

    beginning of year $10,769,679 · end of year $10,918,641

  • 11 · Investments: publicly traded securities

    beginning of year $5,147,805 · end of year $8,396,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $409,957 · end of year $826,637

  • 19 · Deferred revenue

    beginning of year $400,000 · end of year $409,177

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,818,246 · end of year $12,006,441

  • 27 · Net assets without donor restrictions

    beginning of year $3,589,031 · end of year $5,285,307

  • 28 · Net assets with donor restrictions

    beginning of year $2,669,583 · end of year $2,625,460

Mission and programs · 2022

Mission

WE ARE A COMMUNITY OF LEARNERS. WE WILL DO WHATEVER IT TAKES TO LEARN. WE ARE BUILDING A STRONG FOUNDATION BY BELIEVING WE CAN, WORKING OUR PLAN, THEN FEELING THE POWER OF SUCCESS.

Activities or mission (Part I)

WE ARE A COMMUNITY OF LEARNERS DOING WHATEVER IT TAKES TO LEARN AND BUILDING A STRONG FOUNDATION.

  • MAIN PROGRAM IS TO EDUCATE STUDENTS. OUR ACHIEVEMENTS HAVE BEEN AND ARE TO PROVIDE INNOVATIVE EFFECTIVE LEARNING FOR STUDENTS AND HELP PREPARE THEM FOR LIFE AFTER SCHOOL.

    Expenses $8,324,900 · Revenue $236,588

As filed on the 2022 return.

Listed in Part VII

  • Shannon Greer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Kevin Peterson

    CFO

    Total calculated
    $0
    Hours/week
    3

  • Casey Unrein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Shauna Mahoney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Holly Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Amanda Mortenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Blake Clark

    EXECUTIVE DIRECTOR

    Total calculated
    $121,842
    From this org
    $114,893
    From related orgs
    $0
    Other
    $6,949
    Hours/week
    40

  • Steve Erickson

    ASSISTANT DIRECTOR

    Total calculated
    $114,849
    From this org
    $107,667
    From related orgs
    $0
    Other
    $7,182
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 February 2024
IRS schema version
2022v5.0
Source object
202440819349301654

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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