Great Valley Academy
- Assets
- $24.1m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 367
- Location
- Modesto, CA
- Founding
- 01/2010
- Data as of
- 06/2022
- EIN
- 61-1506412
Organization Overview
Great Valley Academy is located in Modesto, CA. The organization was established in 2010. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Great Valley Academy employed 367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Valley Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Great Valley Academy generated $19.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $19.2m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREAT VALLEY ACADEMIES CREATE A SAFE, LOVED, LEARNING ENVIRONMENT WHERE ALL STUDENTS DEVELOP FOUNDATIONAL THINKING SKILLS AND POSITIVE CHARACTER TRAITS TO ACHIEVE THEIR GREATEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES CLASSROOM BASED INSTRUCTION TO STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH GRADE. THE ORGANIZATION'S INQUIRY-BASED CURRICULUM WILL HELP STUDENTS BECOME SELF-MOTIVATED AND COMPETENT LIFE-LONG LEARNERS WHO ARE CRITICAL THINKERS, DEMONSTRATING CONFIDENCE AND CREATIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Silvestre Franklin CEO | Officer | 40 | $164,134 |
Dr Eldon Rosenow Founder | 40 | $153,170 | |
Russel Howell Principal | 40 | $132,192 | |
Michael Ruehle Principal | 40 | $114,454 | |
Marisa Jacobson-Meeks COO | Officer | 40 | $100,321 |
Steve Payne President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revolution Foods Lunch Program Food | 6/29/20 | $490,800 |
Revolution Foods Lunch Program Food | 6/29/20 | $490,800 |
Rj Inc Carpet/flood Repairs | 6/29/20 | $137,010 |
Rj Inc Carpet/flood Repairs | 6/29/20 | $137,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,569,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,569,834 |
| Total Program Service Revenue | $659,030 |
| Investment income | $9,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,349,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,454 |
| Compensation of current officers, directors, key employees. | $221,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,690,964 |
| Pension plan accruals and contributions | $768,626 |
| Other employee benefits | $1,268,267 |
| Payroll taxes | $382,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,067 |
| Fees for services: Accounting | $39,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,707,178 |
| Advertising and promotion | $16,058 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,830 |
| Travel | $87,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $298,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $684,561 |
| Insurance | $172,320 |
| All other expenses | $407,886 |
| Total functional expenses | $19,187,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,244,117 |
| Savings and temporary cash investments | $1,035,051 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,364,696 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,083 |
| Net Land, buildings, and equipment | $11,286,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,918 |
| Total assets | $24,077,962 |
| Accounts payable and accrued expenses | $1,311,361 |
| Grants payable | $0 |
| Deferred revenue | $631,317 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,533,505 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $494,771 |
| Total liabilities | $7,970,954 |
| Net assets without donor restrictions | $14,977,886 |
| Net assets with donor restrictions | $1,129,122 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,077,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Great Valley Academy has recieved totaling $398.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |
Town School For Boys San Francisco, CA | $94,398,193 | $22,080,958 |