The Gray Academy: FY2021 Nonprofit Profile & Form 990 (EIN 83-1590154)

Revenue by fiscal year
FY2020	$259K
FY2021	$352K
FY2022	$744K
FY2023	$236K
FY2024	$278K

Expenses by fiscal year
FY2020	$273K
FY2021	$240K
FY2022	$266K
FY2023	$494K
FY2024	$341K

Net assets by fiscal year
FY2020	$97K
FY2021	$209K
FY2022	$686K
FY2023	$421K
FY2024	$358K

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.

77%

18%

Program services 77% · $185K Management & general 18% · $43K Fundraising 5% · $12K

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

Gordon Gray

Director, Secretary, Treas

$0Pt VII · Sec A

Kristin Gray

Director, President/CEO

$0Pt VII · Sec A

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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.

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Provided by the organization

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1 program · $185K · in their own filed words · FY2021

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.

$185Kprogram 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

Berrien Community Foundation INCFY2023$10K

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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$352K

Ln 12

Fees for servicesLn 2g$335K

Gifts and grantsLn 1h$16K

Money outPt IX

$240K

Ln 25

Programscol B$185K

Managementcol C$43K

Fundraisingcol D$12K

Owns and owesPt X

$209K

net assets · Ln 32

Cash and savingsLn 1–2$7K

Total assetsLn 16$209K

LiabilitiesLn 26$0

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$16K

Fees for servicesLn 2g$335K

Total revenueLn 12$352K

Assets in detailPt X, end of year

CashLn 1$7K

Cash and savings togetherLn 1–2$7K

Land, buildings, equipmentLn 10c$35K

Total assetsLn 16$209K

LiabilitiesLn 26$0

Net assetsLn 32$209K

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$17K	$7K
Land, buildings, equipmentLn 10c	$37K	$35K
Total assetsLn 16	$99K	$209K
LiabilitiesLn 26	$2K	$0
Net assetsLn 32	$97K	$209K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$121K	$97K	$18K	$6K
Payroll taxesLn 10	$10K	$8K	$1K	$496
Accounting feesLn 11c	$2K		$2K
Other fees for servicesLn 11g	$2K	$885	$1K	$55
Office expensesLn 13	$12K	$9K	$2K	$587
Information technologyLn 14	$573	$458	$86	$29
OccupancyLn 16	$84K	$67K	$13K	$4K
Depreciation, depletion and amortizationLn 22	$1K		$1K
InsuranceLn 23	$4K		$4K
Other expenses (24a–d)Ln 24	$2K	$2K	$327	$109
Total functional expensesLn 25	$240K	$185K	$43K	$12K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$278K	$341K	−$63K	$358K	990 PDF
FY2023	$236K	$494K	−$258K	$421K	990 PDF
FY2022	$744K	$266K	$477K	$686K	990 PDF
FY2021 Viewing	$352K	$240K	$112K	$209K	990 PDF
FY2020	$259K	$273K	−$14K	$97K	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 O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $351,604 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $19,561$16,173

I-9 Program service revenuePrior year $232,982$335,431

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $6,595$0

I-12 Total revenuePrior year $259,138$351,604

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 $97,577$131,317

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $175,464$108,325

I-18 Total expensesPrior year $273,041$239,642

I-19 Revenue less expensesPrior year −$13,903$111,962

Part VI · Governance 2 of 2 board members independent, 1 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

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 $351,604 across 4 lines filed

VIII-1f All other contributions, gifts and grants$16,173

VIII-1h Total contributions, gifts and grants$16,173

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $335,431$335,431

VIII-12 Total revenueRelated to mission $335,431 · Unrelated business $0 · Excluded from tax $0$351,604

Part IX · Statement of functional expenses $239,642 across 10 lines filed

IX-7 Other salaries and wagesPrograms $97,116 · Management $18,209 · Fundraising $6,070$121,395

IX-10 Payroll taxesPrograms $7,938 · Management $1,488 · Fundraising $496$9,922

IX-11c Accounting feesManagement $2,500$2,500

IX-11g Other fees for servicesPrograms $885 · Management $1,376 · Fundraising $55$2,316

IX-13 Office expensesPrograms $9,396 · Management $1,762 · Fundraising $587$11,745

IX-14 Information technologyPrograms $458 · Management $86 · Fundraising $29$573

IX-16 OccupancyPrograms $67,200 · Management $12,600 · Fundraising $4,200$84,000

IX-22 Depreciation, depletion and amortizationManagement $1,468$1,468

IX-23 InsuranceManagement $3,542$3,542

IX-24 Other expenses (24a–d)Programs $1,745 · Management $327 · Fundraising $109$2,181

IX-25 Total functional expensesPrograms $184,738 · Management $43,358 · Fundraising $11,546$239,642

Part X · Balance sheet $208,682 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $17,136$7,193

X-4 Accounts receivableStart of year $44,630$166,158

X-10c Land, buildings and equipment, netStart of year $36,800$35,331

X-16 Total assetsStart of year $98,566$208,682

X-26 Total liabilitiesStart of year $1,846$0

X-32 Total net assets or fund balancesStart of year $96,720$208,682

X-33 Total liabilities and net assetsStart of year $98,566$208,682

Part XI · Reconciliation of net assets $208,682 net assets at year end

XI-1 Total revenue$351,604

XI-2 Total expenses$239,642

XI-3 Revenue less expenses$111,962

XI-4 Net assets at start of year$96,720

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$208,682

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Gray Academy FY2021 filing

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