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Grow Academy FY2020 filing

Tax-deductible

Nashville, TN501(c)(3)EducationEIN 45-5332515Revenue $2.2M in FY2020

On file with the IRSgrowacademynashville.com830 Kirkwood Ave, 37204-2638 · Nashville, TNTax-exempt since Dec 2013School — 170(b)(1)(A)(ii)

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To a child, each day is an adventure filled with new experiences and lessons. At Grow Academy, our goal is to guide our students on their personal adventures in order to facilitate maximum mental, physical, and emotional growth through christ. We strive to create a nurturing environment, not only for our students to learn, but also for their parents to feel welcome and comfortable. Our mission is to play an integral role in our students' lives--to help them as they Grow into healthy, productive, well-rounded individuals in a christian environment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$373K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $251K a year · 10% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$373K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $59K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$174K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
Spent
$1.4M
To programs
90%
Net assets
$850K
By yearFY2020–FY2024
Revenue
$2.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2022$2.6M
FY2023$2.5M
FY2024$2.3M
Expenses
$1.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2022$2.2M
FY2023$2.4M
FY2024$2.5M
Net assets
$850K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$850K
FY2022$1.7M
FY2023$1.8M
FY2024$1.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2013.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.3M Management & general 10% · $151K

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

5 people listed on the 990; $373K paid to officers and key staff.

Part VII, Section A · reportable compensation
Rosalie Jordan
President/Ex
$295,400Pt VII · Sec A
$78,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rosalie Jordan’s $398K as President/Se is at the 98th percentile of top reported officer pay among 3395 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Rosalie Jordan$398,500$385,077$352,884$295,400
James E Jordan$186,000$178,016$143,665$78,000

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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Nurtures children's mental, physical, and emotional growth through Christian education and support.

Questions for Grow Academy

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

Provided preschool and after-school care to approximately 160 students, featuring a consistent staff, student body, and a comprehensive curriculum and set of activities in which the students engaged..

$1.3Mprogram 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 · FY2021
The Community Foundation of MiddleFY2021$59K
Total grants receivedfrom 1 funder$59K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$550K
Investment incomeLn 3$4
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$151K
Owns and owesPt X
$850K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$174K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$550K
Government grantsLn 1e$550K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$4
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$24K
Total assetsLn 16$1.0M
LiabilitiesLn 26$174K
Net assetsLn 32$850K
OperationsPt I, VI
EmployeesI 560
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$112K$1.0M
Land, buildings, equipmentLn 10c$21K$24K
Total assetsLn 16$133K$1.0M
LiabilitiesLn 26$28K$174K
Net assetsLn 32$105K$850K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$373K$373K
Other salaries and wagesLn 7$496K$496K
Other employee benefitsLn 9$24K$24K
Payroll taxesLn 10$58K$58K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$33K$33K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$113K$113K
OccupancyLn 16$249K$242K$7K
TravelLn 17$14K$14K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$4K$4K$68
InsuranceLn 23$11K$11K$304
Other expenses (24a–d)Ln 24$55K$45K$9K
All other expensesLn 24e$5K$3K$2K
Total functional expensesLn 25$1.4M$1.3M$151K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.3M$2.5M−$209K$1.6M 990 PDF
FY2023 $2.5M$2.4M$99K$1.8M 990 PDF
FY2022 $2.6M$2.2M$370K$1.7M 990 PDF
FY2021 Not on file
FY2020 Viewing $2.2M$1.4M$745K$850K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $2,186,074 revenue, 12 lines filed
I-8 Contributions and grants$549,763
I-9 Program service revenuePrior year $1,459,181$1,636,307
I-10 Investment incomePrior year $5$4
I-11 Other revenuePrior year $421$0
I-12 Total revenuePrior year $1,459,607$2,186,074
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $956,848$951,527
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $515,637$489,312
I-18 Total expensesPrior year $1,472,485$1,440,839
I-19 Revenue less expensesPrior year −$12,878$745,235
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,186,074 across 5 lines filed
VIII-1e Government grants$549,763
VIII-1h Total contributions, gifts and grants$549,763
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,636,307$1,636,307
VIII-3 Investment incomeRelated to mission $4$4
VIII-12 Total revenueRelated to mission $1,636,311$2,186,074
Part IX · Statement of functional expenses $1,440,839 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $373,400$373,400
IX-7 Other salaries and wagesPrograms $496,275$496,275
IX-9 Other employee benefitsPrograms $24,229$24,229
IX-10 Payroll taxesPrograms $57,623$57,623
IX-11c Accounting feesManagement $1,350$1,350
IX-11g Other fees for servicesPrograms $33,227$33,227
IX-12 Advertising and promotionManagement $1,458$1,458
IX-13 Office expensesManagement $113,069$113,069
IX-16 OccupancyPrograms $241,879 · Management $6,967$248,846
IX-17 TravelManagement $13,585$13,585
IX-20 InterestManagement $2,870$2,870
IX-22 Depreciation, depletion and amortizationPrograms $4,143 · Management $68$4,211
IX-23 InsurancePrograms $10,549 · Management $304$10,853
IX-24 Other expenses (24a–d)Programs $45,462 · Management $9,063$54,525
IX-24e All other expensesPrograms $3,265 · Management $2,053$5,318
IX-25 Total functional expensesPrograms $1,290,052 · Management $150,787 · Fundraising $0$1,440,839
Part X · Balance sheet $1,024,601 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $112,090$1,000,180
X-10c Land, buildings and equipment, netStart of year $20,697$24,421
X-16 Total assetsStart of year $132,787$1,024,601
X-24 Unsecured notes and loans payableStart of year $5,699$6,847
X-25 Other liabilitiesStart of year $92$237
X-26 Total liabilitiesStart of year $27,584$174,163
X-27 Net assets without donor restrictionsStart of year $105,203$850,438
X-32 Total net assets or fund balancesStart of year $105,203$850,438
X-33 Total liabilities and net assetsStart of year $132,787$1,024,601
Part XI · Reconciliation of net assets $850,438 net assets at year end
XI-1 Total revenue$2,186,074
XI-2 Total expenses$1,440,839
XI-3 Revenue less expenses$745,235
XI-4 Net assets at start of year$105,203
XI-10 Net assets at end of year$850,438

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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