The Gray Academy: FY2022 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% · $205K Management & general 18% · $48K 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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Kristen Gray

Director & CEO

$0Pt VII · Sec A

Gordon Gray

Director

$0Pt VII · Sec A

Emily Park

Chief Financial Officer

$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.

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Provided by the organization

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1 program · $205K · in their own filed words · FY2022

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.

$205Kprogram 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 FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$744K

Ln 12

Fees for servicesLn 2g$439K

Gifts and grantsLn 1h$313K

Money outPt IX

$266K

Ln 25

Programscol B$205K

Managementcol C$48K

Fundraisingcol D$13K

Owns and owesPt X

$686K

net assets · Ln 32

Cash and savingsLn 1–2$419K

Total assetsLn 16$686K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$313K

Fundraising eventsLn 1c$313K

Fees for servicesLn 2g$439K

Total revenueLn 12$744K

Assets in detailPt X, end of year

CashLn 1$419K

Cash and savings togetherLn 1–2$419K

Land, buildings, equipmentLn 10c$34K

Total assetsLn 16$686K

LiabilitiesLn 26$0

Net assetsLn 32$686K

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 FY22	End FY22
Cash and savingsLn 1–2	$7K	$419K
Land, buildings, equipmentLn 10c	$35K	$34K
Total assetsLn 16	$209K	$686K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$209K	$686K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$143K	$115K	$22K	$7K
Payroll taxesLn 10	$12K	$10K	$2K	$614
Accounting feesLn 11c	$2K		$2K
Other fees for servicesLn 11g	$5K	$3K	$2K	$197
Office expensesLn 13	$14K	$11K	$2K	$714
Information technologyLn 14	$2K	$1K	$269	$90
OccupancyLn 16	$76K	$60K	$11K	$4K
Depreciation, depletion and amortizationLn 22	$1K		$1K
InsuranceLn 23	$4K		$4K
Other expenses (24a–d)Ln 24	$6K	$4K	$2K	$256
Total functional expensesLn 25	$266K	$205K	$48K	$13K

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 Viewing	$744K	$266K	$477K	$686K	990 PDF
FY2021	$352K	$240K	$112K	$209K	990 PDF
FY2020	$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 FY2022 990 (6 parts)

Part I · Summary $743,557 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $16,173$313,040

I-9 Program service revenuePrior year $335,431$439,004

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0−$8,487

I-12 Total revenuePrior year $351,604$743,557

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 $131,317$155,642

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

I-17 Other expensesPrior year $108,325$110,612

I-18 Total expensesPrior year $239,642$266,254

I-19 Revenue less expensesPrior year $111,962$477,303

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 $743,557 across 5 lines filed

VIII-1c Fundraising events$313,040

VIII-1h Total contributions, gifts and grants$313,040

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $439,004$439,004

VIII-8 Net income from fundraising eventsExcluded from tax −$8,487−$8,487

VIII-12 Total revenueRelated to mission $439,004 · Unrelated business $0 · Excluded from tax −$8,487$743,557

Part IX · Statement of functional expenses $266,254 across 10 lines filed

IX-7 Other salaries and wagesPrograms $114,688 · Management $21,504 · Fundraising $7,168$143,360

IX-10 Payroll taxesPrograms $9,826 · Management $1,842 · Fundraising $614$12,282

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

IX-11g Other fees for servicesPrograms $3,156 · Management $1,955 · Fundraising $197$5,308

IX-13 Office expensesPrograms $11,438 · Management $2,146 · Fundraising $714$14,298

IX-14 Information technologyPrograms $1,435 · Management $269 · Fundraising $90$1,794

IX-16 OccupancyPrograms $60,408 · Management $11,327 · Fundraising $3,776$75,511

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

IX-23 InsuranceManagement $3,804$3,804

IX-24 Other expenses (24a–d)Programs $4,091 · Management $1,582 · Fundraising $256$5,929

IX-25 Total functional expensesPrograms $205,042 · Management $48,397 · Fundraising $12,815$266,254

Part X · Balance sheet $685,985 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $7,193$418,608

X-4 Accounts receivableStart of year $166,158$233,514

X-10c Land, buildings and equipment, netStart of year $35,331$33,863

X-16 Total assetsStart of year $208,682$685,985

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $208,682$685,985

X-33 Total liabilities and net assetsStart of year $208,682$685,985

Part XI · Reconciliation of net assets $685,985 net assets at year end

XI-1 Total revenue$743,557

XI-2 Total expenses$266,254

XI-3 Revenue less expenses$477,303

XI-4 Net assets at start of year$208,682

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$685,985

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Gray Academy FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Gray Academy

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV