The Gray Academy FY2020 filing

Tax-deductible

Pacific Plsds, CA501(c)(3)EducationEIN 83-1590154

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Manage, operate, guide, direct and promote a school for children with neurological disorders.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 5
filings with a surplus
Average surplus $51K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
Spent
$273K
To programs
77%
Net assets
$97K
By yearFY2020–FY2024
Revenue
$259K
FY2020
Revenue by fiscal year
FY2020$259K
FY2021$352K
FY2022$744K
FY2023$236K
FY2024$278K
Expenses
$273K
FY2020
Expenses by fiscal year
FY2020$273K
FY2021$240K
FY2022$266K
FY2023$494K
FY2024$341K
Net assets
$97K
FY2020
Net assets by fiscal year
FY2020$97K
FY2021$209K
FY2022$686K
FY2023$421K
FY2024$358K

From the FY2020 Form 990 · 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 May 2019.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $211K Management & general 18% · $49K Fundraising 5% · $13K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
Director, Secretary, Treasurer/CFO
$0Pt VII · Sec A
Director, President/CEO
$0Pt VII · Sec A
See The Gray Academy executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates a school guiding and promoting education for children with neurological disorders.

Provided by the organization

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1 program · $211K · in their own filed words · FY2020
01

Private elementary school serving children from ages 4 1/2-13 (TK-7TH grade). Provides custom, individualized academic instruction with traditional therapeutic interventions such as occupational therapy, physical therapy, and speech therapy along with enrichment activities.

$211Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $169K · 2023–2023
Gray Academy Orange County INCCA · FY2023$169,231

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$233K
Gifts and grantsLn 1h$20K
Other incomeLn 4–11$7K
Money outPt IX
$273K
Ln 25
Programscol B$211K
Managementcol C$49K
Fundraisingcol D$13K
Owns and owesPt X
$97K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$99K
LiabilitiesLn 26$2K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$233K
Other incomeLn 4–11$7K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$37K
Total assetsLn 16$99K
LiabilitiesLn 26$2K
Net assetsLn 32$97K
OperationsPt I, VI
EmployeesI 54
VolunteersI 62
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$25K$17K
Land, buildings, equipmentLn 10c$38K$37K
Total assetsLn 16$116K$99K
LiabilitiesLn 26$6K$2K
Net assetsLn 32$111K$97K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$90K$72K$14K$5K
Payroll taxesLn 10$7K$6K$1K$358
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$21K$17K$3K$1K
Office expensesLn 13$15K$12K$2K$758
Information technologyLn 14$612$490$91$31
OccupancyLn 16$120K$96K$18K$6K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$9K$8K$1K$28
Total functional expensesLn 25$273K$211K$49K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $278K$341K−$63K$358K 990 PDF
FY2023 $236K$494K−$258K$421K 990 PDF
FY2022 $744K$266K$477K$686K 990 PDF
FY2021 $352K$240K$112K$209K 990 PDF
FY2020 Viewing $259K$273K−$14K$97K 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 (4 parts)
Part VIII · Statement of revenue $259,138 across 7 lines filed
VIII-1c Fundraising events$4,886
VIII-1f All other contributions, gifts and grants$14,675
VIII-1g Noncash contributions (included above)$4,886
VIII-1h Total contributions, gifts and grants$19,561
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $232,982$232,982
VIII-8 Net income from fundraising eventsExcluded from tax $6,595$6,595
VIII-12 Total revenueRelated to mission $232,982 · Unrelated business $0 · Excluded from tax $6,595$259,138
Part IX · Statement of functional expenses $273,041 across 10 lines filed
IX-7 Other salaries and wagesPrograms $72,336 · Management $13,563 · Fundraising $4,521$90,420
IX-10 Payroll taxesPrograms $5,725 · Management $1,074 · Fundraising $358$7,157
IX-11c Accounting feesManagement $5,000$5,000
IX-11g Other fees for servicesPrograms $16,857 · Management $3,161 · Fundraising $1,054$21,072
IX-13 Office expensesPrograms $12,134 · Management $2,275 · Fundraising $758$15,167
IX-14 Information technologyPrograms $490 · Management $91 · Fundraising $31$612
IX-16 OccupancyPrograms $96,000 · Management $18,000 · Fundraising $6,000$120,000
IX-22 Depreciation, depletion and amortizationManagement $1,468$1,468
IX-23 InsuranceManagement $2,971$2,971
IX-24 Other expenses (24a–d)Programs $7,909 · Management $1,237 · Fundraising $28$9,174
IX-25 Total functional expensesPrograms $211,451 · Management $48,840 · Fundraising $12,750$273,041
Part X · Balance sheet $98,566 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $24,651$17,136
X-4 Accounts receivableStart of year $53,308$44,630
X-10c Land, buildings and equipment, netStart of year $38,268$36,800
X-16 Total assetsStart of year $116,227$98,566
X-17 Accounts payable and accrued expensesStart of year $5,604$1,846
X-26 Total liabilitiesStart of year $5,604$1,846
X-32 Total net assets or fund balancesStart of year $110,623$96,720
X-33 Total liabilities and net assetsStart of year $116,227$98,566
Part XI · Reconciliation of net assets $96,720 net assets at year end
XI-1 Total revenue$259,138
XI-2 Total expenses$273,041
XI-3 Revenue less expenses−$13,903
XI-4 Net assets at start of year$110,623
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$96,720

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

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