Global Academy is a free, chartered public elementary and middle school that seeks to serve a diverse group of students. Global Academy is committed to service in the broader world based on the goals of the international baccalaureate organization. Empowered by academic rigor, graduates of Global Academy will be fully prepared for success and leadership in challenging high school programs.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 3 volunteers and 68 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $233K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$861K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.7M
118% of total assets
Concern: liabilities are 118% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 8 voting members
Worth a look: 3 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.9M
-5% vs prior year
Spent
$9.0M
To programs
92%
Net assets
−$723K
By yearFY2020–FY2025
Revenue
$8.9M
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.5M
FY2021$7.8M
FY2022$9.5M
FY2023$8.5M
FY2024$9.4M
FY2025$8.9M
Expenses
$9.0M
FY2025+0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.4M
FY2021$7.4M
FY2022$8.8M
FY2023$8.6M
FY2024$8.9M
FY2025$9.0M
Net assets
−$723K
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.5M
FY2021−$3.4M
FY2022−$2.6M
FY2023−$1.9M
FY2024−$875K
FY2025−$723K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $8.2M Management & general 8% · $762K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $861K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$157,225Pt VII · Sec A
$126,729Pt VII · Sec A
Grades 5-8 Assistant Director
$110,651Pt VII · Sec A
Grades K-4 Assistant Director
$109,353Pt VII · Sec A
Treasurer/Teacher
$82,646Pt VII · Sec A
Board Chair/Teacher
$82,161Pt VII · Sec A
Secretary/Teacher
$68,810Pt VII · Sec A
Board Member/Teacher
$65,431Pt VII · Sec A

Melissa Storbakken’s $157K as Executive Director is at the 68th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Helen Fisk——$167,272$165,102$152,371$142,200
Melissa Storbakken$157,225$146,458$141,561$133,345$113,276—
Rebecca Lee Bauer$126,729$118,547————
Charise Powell$109,353$112,362————
Kari Wagner$110,651—————
Susan Eltawely$82,646$81,468$76,109$75,274——
Kim Fields$82,161$77,713$77,052$77,977$74,399—
Eric Langsev———$76,124$69,121$61,872

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students for success and leadership in challenging high school programs.

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Provided by the organization

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1 program · $8.2M · in their own filed words · FY2024
01

Global academy is a nonprofit corporation that was formed and began operating in october 2007, in accordance with minnesota statutes. The school is authorized by the university of ST. Thomas. During fiscal year 2024-2025, the school had approximately 457 students enrolled.

$8.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$62K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.9M
Ln 12
Gifts and grantsLn 1h$8.9M
Fees for servicesLn 2g$26K
Other incomeLn 4–11$2K
Money outPt IX
$9.0M
Ln 25
Programscol B$8.2M
Managementcol C$762K
Owns and owesPt X
−$723K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$4.0M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
12
listed · VII A
PaidVII A9
Voting boardVI 1a8
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.9M
Government grantsLn 1e$8.8M
Fees for servicesLn 2g$26K
Investment incomeLn 3$93
Other incomeLn 4–11$2K
Gains on assetsLn 7$93
Total revenueLn 12$8.9M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$829K
Other assetsLn 15$764K
Total assetsLn 16$4.0M
LiabilitiesLn 26$4.7M
Net assetsLn 32−$723K
OperationsPt I, VI
EmployeesI 568
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.3M
Land, buildings, equipmentLn 10c$810K$829K
Total assetsLn 16$4.5M$4.0M
LiabilitiesLn 26$5.4M$4.7M
Net assetsLn 32−$875K−$723K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$630K$447K$183K
Other salaries and wagesLn 7$3.7M$3.5M$181K
Pension plan contributionsLn 8$400K$386K$15K
Other employee benefitsLn 9$629K$587K$41K
Payroll taxesLn 10$305K$281K$25K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$108K$108K
Other fees for servicesLn 11g$1.5M$1.5M$19K
Office expensesLn 13$145K$114K$31K
Information technologyLn 14$223K$127K$96K
OccupancyLn 16$915K$915K
Conferences, conventions and meetingsLn 19$31K$27K$4K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$128K$121K$7K
Other expenses (24a–d)Ln 24$285K$236K$49K
Total functional expensesLn 25$9.0M$8.2M$762K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8.9M$9.0M−$51K−$723K 990 PDF
FY2024 $9.4M$8.9M$487K−$875K 990 PDF
FY2023 $8.5M$8.6M−$107K−$1.9M 990 PDF
FY2022 $9.5M$8.8M$641K−$2.6M 990 PDF
FY2021 $7.8M$7.4M$342K−$3.4M 990 PDF
FY2020 $7.5M$7.4M$85K−$3.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $8,941,646 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,406,052$8,913,044
I-9 Program service revenuePrior year $29,971$26,319
I-10 Investment incomePrior year −$156$93
I-11 Other revenuePrior year $26$2,190
I-12 Total revenuePrior year $9,435,893$8,941,646
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,230,030$5,622,776
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,719,152$3,369,931
I-18 Total expensesPrior year $8,949,182$8,992,707
I-19 Revenue less expensesPrior year $486,711−$51,061
Part VI · Governance 3 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,941,646 across 7 lines filed
Lines not itemized here account for −$519 of total revenue; see the IRS return.
VIII-1e Government grants$8,767,511
VIII-1f All other contributions, gifts and grants$145,533
VIII-1h Total contributions, gifts and grants$8,913,044
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,319$26,319
VIII-7 Net gain or loss on sales of assetsExcluded from tax $93$93
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,709$2,709
VIII-12 Total revenueRelated to mission $29,028 · Unrelated business $0 · Excluded from tax −$426$8,941,646
Part IX · Statement of functional expenses $8,992,707 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $446,884 · Management $183,438$630,322
IX-7 Other salaries and wagesPrograms $3,477,380 · Management $180,640$3,658,020
IX-8 Pension plan contributionsPrograms $385,501 · Management $14,834$400,335
IX-9 Other employee benefitsPrograms $587,168 · Management $41,454$628,622
IX-10 Payroll taxesPrograms $280,833 · Management $24,644$305,477
IX-11b Legal feesManagement $1,850$1,850
IX-11c Accounting feesManagement $108,208$108,208
IX-11g Other fees for servicesPrograms $1,507,926 · Management $19,188$1,527,114
IX-13 Office expensesPrograms $114,125 · Management $30,817$144,942
IX-14 Information technologyPrograms $126,677 · Management $96,422$223,099
IX-16 OccupancyPrograms $914,965$914,965
IX-19 Conferences, conventions and meetingsPrograms $26,759 · Management $4,350$31,109
IX-20 InterestPrograms $5,552$5,552
IX-22 Depreciation, depletion and amortizationPrograms $120,973 · Management $7,395$128,368
IX-24 Other expenses (24a–d)Programs $235,986 · Management $48,738$284,724
IX-25 Total functional expensesPrograms $8,230,729 · Management $761,978 · Fundraising $0$8,992,707
Part X · Balance sheet $4,001,053 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,201,219$1,299,610
X-4 Accounts receivableStart of year $1,179,750$1,061,761
X-9 Prepaid expenses and deferred chargesStart of year $15,462$45,761
X-10c Land, buildings and equipment, netStart of year $809,790$829,431
X-15 Other assetsStart of year $1,295,136$764,490
X-16 Total assetsStart of year $4,501,357$4,001,053
X-17 Accounts payable and accrued expensesStart of year $559,284$382,761
X-19 Deferred revenue$64,656
X-25 Other liabilitiesStart of year $4,816,932$4,276,683
X-26 Total liabilitiesStart of year $5,376,216$4,724,100
X-32 Total net assets or fund balancesStart of year −$874,859−$723,047
X-33 Total liabilities and net assetsStart of year $4,501,357$4,001,053
Part XI · Reconciliation of net assets −$723,047 net assets at year end
XI-1 Total revenue$8,941,646
XI-2 Total expenses$8,992,707
XI-3 Revenue less expenses−$51,061
XI-4 Net assets at start of year−$874,859
XI-9 Other changes in net assets$202,873
XI-10 Net assets at end of year−$723,047

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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