The Gray Academy: FY2023 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

85 cents of each dollar spent went to programs.

85%

14%

Program services 85% · $420K Management & general 14% · $71K Fundraising 1% · $3K

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 & Secretary

$0Pt VII · Sec A

Emily Park

Director & CFO

$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 · $420K · in their own filed words · FY2023

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.

$420Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$236K

Ln 12

Fees for servicesLn 2g$197K

Gifts and grantsLn 1h$40K

Money outPt IX

$494K

Ln 25

Programscol B$420K

Managementcol C$71K

Fundraisingcol D$3K

Owns and owesPt X

$421K

net assets · Ln 32

Cash and savingsLn 1–2$71K

Total assetsLn 16$421K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$40K

Fees for servicesLn 2g$197K

Total revenueLn 12$236K

Assets in detailPt X, end of year

CashLn 1$71K

Cash and savings togetherLn 1–2$71K

Land, buildings, equipmentLn 10c$32K

Total assetsLn 16$421K

LiabilitiesLn 26$0

Net assetsLn 32$421K

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 FY23	End FY23
Cash and savingsLn 1–2	$419K	$71K
Land, buildings, equipmentLn 10c	$34K	$32K
Total assetsLn 16	$686K	$421K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$686K	$421K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$169K	$169K
Other salaries and wagesLn 7	$115K	$92K	$22K	$1K
Payroll taxesLn 10	$13K	$10K	$2K	$127
Legal feesLn 11b	$4K	$3K	$700	$36
Accounting feesLn 11c	$3K		$3K
Other fees for servicesLn 11g	$2K	$476	$2K	$30
Office expensesLn 13	$18K	$14K	$3K	$177
Information technologyLn 14	$909	$727	$173	$9
OccupancyLn 16	$142K	$113K	$27K	$1K
Depreciation, depletion and amortizationLn 22	$1K		$1K
InsuranceLn 23	$5K		$5K
Other expenses (24a–d)Ln 24	$21K	$16K	$5K	$206
Total functional expensesLn 25	$494K	$420K	$71K	$3K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$278K	$341K	−$63K	$358K	990 PDF
FY2023 Viewing	$236K	$494K	−$258K	$421K	990 PDF
FY2022	$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 FY2023 990 (6 parts)

Part I · Summary $236,216 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $313,040$39,677

I-9 Program service revenuePrior year $439,004$196,539

I-10 Investment incomePrior year $0$0

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

I-12 Total revenuePrior year $743,557$236,216

I-13 Grants and similar amounts paidPrior year $0$169,231

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $155,642$127,913

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

I-17 Other expensesPrior year $110,612$197,104

I-18 Total expensesPrior year $266,254$494,248

I-19 Revenue less expensesPrior year $477,303−$258,032

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $236,216 across 4 lines filed

VIII-1f All other contributions, gifts and grants$39,677

VIII-1h Total contributions, gifts and grants$39,677

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $196,539$196,539

VIII-12 Total revenueRelated to mission $196,539 · Unrelated business $0 · Excluded from tax $0$236,216

Part IX · Statement of functional expenses $494,248 across 12 lines filed

IX-1 Grants to domestic organizationsPrograms $169,231$169,231

IX-7 Other salaries and wagesPrograms $92,133 · Management $21,882 · Fundraising $1,152$115,167

IX-10 Payroll taxesPrograms $10,196 · Management $2,423 · Fundraising $127$12,746

IX-11b Legal feesPrograms $2,946 · Management $700 · Fundraising $36$3,682

IX-11c Accounting feesManagement $3,000$3,000

IX-11g Other fees for servicesPrograms $476 · Management $1,704 · Fundraising $30$2,210

IX-13 Office expensesPrograms $14,180 · Management $3,369 · Fundraising $177$17,726

IX-14 Information technologyPrograms $727 · Management $173 · Fundraising $9$909

IX-16 OccupancyPrograms $113,315 · Management $26,911 · Fundraising $1,416$141,642

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

IX-23 InsuranceManagement $5,050$5,050

IX-24 Other expenses (24a–d)Programs $16,429 · Management $4,782 · Fundraising $206$21,417

IX-25 Total functional expensesPrograms $419,633 · Management $71,462 · Fundraising $3,153$494,248

Part X · Balance sheet $421,323 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $418,608$71,182

X-4 Accounts receivableStart of year $233,514$317,747

X-10c Land, buildings and equipment, netStart of year $33,863$32,394

X-16 Total assetsStart of year $685,985$421,323

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $685,985$421,323

X-33 Total liabilities and net assetsStart of year $685,985$421,323

Part XI · Reconciliation of net assets $421,323 net assets at year end

XI-1 Total revenue$236,216

XI-2 Total expenses$494,248

XI-3 Revenue less expenses−$258,032

XI-4 Net assets at start of year$685,985

XI-8 Prior period adjustments−$6,630

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$421,323

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Gray Academy FY2023 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