Global Academy Inc
- Assets
- $1.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Clovis, CA
- Founding
- Data as of
- 06/2022
- EIN
- 84-2873058
Organization Overview
Global Academy Inc, operating under the name Clovis Global Academy, is located in Clovis, CA. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Clovis Global Academy employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clovis Global 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, Clovis Global Academy generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
OPERATION OF A PUBLIC CHARTER SCHOOL: CLOVIS GLOBAL ACADEMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL: THE 2021-22 YEAR WAS THE SECOND YEAR OF SCHOOL OPERATION FOR CLOVIS GLOBAL ACADEMY (CGA). CGA PROVIDES ITS STUDENTS WITH A DUAL LANGUAGE IMMERSION PROGRAM. CGA'S BILINGUAL SCHOLARS ARE EQUIPPED TO ACHIEVE THEIR GOALS, COMPASSIONATELY RELATE TO OTHERS, CONTRIBUTE CREATIVE SOLUTIONS WITHIN THE INTERNATIONAL WORKFORCE, AND LEAD A LIFE OF FREEDOM, HARMONY, EFFECTIVENESS, AND HAPPINESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Merritt President/chair | OfficerTrustee | 2 | $0 |
Virna Santos Vice President | OfficerTrustee | 2 | $0 |
Kiranjot Hundal Secretary | OfficerTrustee | 2 | $0 |
Alfredo Cuella Director | Trustee | 1 | $0 |
Anup Singh Director | Trustee | 1 | $0 |
Harmit Juneja Principal/superintendent | Officer | 40 | $92,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,366,470 |
| 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 | $2,366,470 |
| Total Program Service Revenue | $180,071 |
| Investment income | $1,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,547,615 |
| 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. | $110,080 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $969,243 |
| Pension plan accruals and contributions | $153,616 |
| Other employee benefits | $62,514 |
| Payroll taxes | $44,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,622 |
| Fees for services: Accounting | $37,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,361 |
| Advertising and promotion | $6,804 |
| Office expenses | $12,192 |
| Information technology | $22,152 |
| Royalties | $0 |
| Occupancy | $392,182 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,361 |
| Interest | $5,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,124 |
| Insurance | $21,728 |
| All other expenses | $0 |
| Total functional expenses | $2,301,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,999 |
| Savings and temporary cash investments | $376,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,457 |
| Prepaid expenses and deferred charges | $68,061 |
| Net Land, buildings, and equipment | $156,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,236,005 |
| Accounts payable and accrued expenses | $111,115 |
| Grants payable | $0 |
| Deferred revenue | $111,104 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $129,998 |
| Other liabilities | $143,024 |
| Total liabilities | $495,241 |
| Net assets without donor restrictions | $709,057 |
| Net assets with donor restrictions | $31,707 |
| 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 | $1,236,005 |