Form 990 for tax year 2022
Filed by GLOBAL VILLAGE ACADEMY - DOUGLAS COUNTY.
Totals
- Total revenue
- $6,276,464
- Total expenses
- $5,438,839
- Contributions and grants received
- $662,110
- Grants paid
- $0
- Program service revenue
- $5,586,227
- Investment income
- $28,127
- Other revenue
- $0
- Total assets, end of year
- $12,694,415
- Total liabilities, end of year
- $16,648,343
- Net assets or fund balances, end of year
- -$3,953,928
- Program services expenses (Part IX)
- $2,638,839
- Management and general expenses
- $2,800,000
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,638,839
Program services were 48.5% 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)
$654,942
-
1f · All other contributions, gifts and grants
$7,168
-
2a · Program service revenue: PER PUPIL REVENUE
total $3,280,951 · related or exempt $3,280,951
-
2b · Program service revenue: RENT FOREBEARANCE
total $1,698,665 · related or exempt $1,698,665
-
2c · Program service revenue: MILL LEVY REVENUE
total $463,323 · related or exempt $463,323
-
2d · Program service revenue: MISCELLANEOUS
total $72,498 · related or exempt $72,498
-
2e · Program service revenue: TUITION AND FEES
total $70,790 · related or exempt $70,790
-
3 · Investment income
total $28,127 · related or exempt $28,127
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,881,100 · program services $1,539,358 · management and general $341,742
-
8 · Pension plan contributions
total $515,226 · program services $322,801 · management and general $192,425
-
9 · Other employee benefits
total $158,666 · program services $139,527 · management and general $19,139
-
10 · Payroll taxes
total $25,517 · program services $20,554 · management and general $4,963
-
11b · Fees: legal
total $15,807 · management and general $15,807
-
11c · Fees: accounting
total $6,800 · management and general $6,800
-
11g · Fees: other
total $125,568 · management and general $125,568
-
13 · Office expenses
total $55,896 · management and general $55,896
-
16 · Occupancy
total $378,230 · management and general $378,230
-
17 · Travel
total $16,172 · program services $11,423 · management and general $4,749
-
20 · Interest
total $573,277 · management and general $573,277
-
21 · Payments to affiliates
total $278,881 · management and general $278,881
-
22 · Depreciation, depletion and amortization
total $256,913 · management and general $256,913
-
23 · Insurance
total $55,656 · management and general $55,656
-
24a · Other expenses: ISSUANCE COSTS
total $392,982 · management and general $392,982
-
24b · Other expenses: BOOKS AND PERIODICALS
total $246,709 · program services $246,709
-
24c · Other expenses: DISTRICT OVERHEAD
total $238,525 · program services $238,525
-
24d · Other expenses: SUPPLIES AND MATERIALS
total $72,084 · program services $60,098 · management and general $11,986
-
24e · All other expenses
total $144,830 · program services $59,844 · management and general $84,986
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $490,824 · end of year $941,558
-
4 · Accounts receivable
beginning of year $64,845 · end of year $35,488
-
10a · Land, buildings and equipment: cost or other basis
$10,701,116
-
10b · Land, buildings and equipment: accumulated depreciation
$407,711
-
10c · Land, buildings and equipment, net
beginning of year $87,542 · end of year $10,293,405
-
15 · Other assets
beginning of year $910,764 · end of year $1,423,964
-
17 · Accounts payable and accrued expenses
beginning of year $79,968 · end of year $119,023
-
20 · Tax-exempt bond liabilities
end of year $11,815,000
-
25 · Other liabilities
beginning of year $6,265,560 · end of year $4,714,320
-
31 · Retained earnings, endowment or other funds
beginning of year -$4,791,553 · end of year -$3,953,928
Mission and programs · 2022
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 $2,638,839
As filed on the 2022 return.
Listed in Part VII
-
Stacy BushSTACY BUSH
PRINCIPAL
- Total calculated
- $128,841
- From this org
- $128,841
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Denisse CoffmanDENISSE COFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Adam GoffinADAM GOFFIN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Chris LeeCHRIS LEE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Heather PorterHEATHER PORTER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Paige SchusterPAIGE SCHUSTER
SECRETARY
- 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
- 2022
- Filed
- 20 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202420169349304317
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