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Global Outreach Charter Academy Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800297346 ✦ Jacksonville, FL ✦ Designated as a 501(c)(3)

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Overview

What is Global Outreach Charter Academy Inc?

Global Outreach Charter Academy Inc, located in Jacksonville, Florida, is a charitable and educational organization with a mission to provide high-quality, standards-based education to students from kindergarten to 12th grade. The tuition-free public charter school received approximately 5.50 million dollars in grants during the fiscal year, which were utilized for various educational purposes. The organization, with a staff of 211 employees, aims to support and assist other educational institutions and foundations exclusively for charitable and educational purposes. In 2019, the charter contract for the school was renewed for an additional five-year term by the Duval County Public Schools.


Official website here: www.goca.us

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)

Global Outreach Charter Academy Inc has earned an 81% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The score reflects the organization's commitment to maintaining a high level of transparency and governance, with a fully independent board and effective financial oversight mechanisms in place. The charity has successfully avoided any material diversion of assets, which further underscores its reliability.

The organization demonstrates strong fiscal responsibility, with a program expense ratio of 72.72%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. However, it is worth noting that the absence of a whistleblower policy may be a potential area for improvement in terms of governance practices and ensuring a safe environment for reporting concerns.

Overall, Global Outreach Charter Academy Inc shows a commendable commitment to ethical standards and effective financial management, although the missing whistleblower policy could be addressed to enhance its accountability framework further.


This AI summary has been generated from information found on Charity Navigator.

Is Global Outreach Charter Academy Inc legitimate?

Global Outreach Charter Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Outreach Charter Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,083,648

For more financial information, click here


Official website here: www.goca.us

What is the mission statement of Global Outreach Charter Academy Inc?

Global Outreach Charter Academy Inc is a charitable and educational organization, established under Section 501(C)(3) of the Internal Revenue Code. Its primary goal is to provide aid and support to other corporations, community chests, funds, and foundations with similar objectives, without any earnings benefiting private shareholders or individuals. The organization exclusively focuses on charitable and educational pursuits, as evidenced by its successful renewal of a five-year charter contract from Duval County Public Schools to operate a public charter school.


Official website here: www.goca.us

Who is the CEO of Global Outreach Charter Academy Inc?

Victoria Budnik is the President of Global Outreach Charter Academy Inc. The CEO's salary of Global Outreach Charter Academy Inc is $0 and their total compensation is $0.


Official website here: www.goca.us

What is the revenue of Global Outreach Charter Academy Inc?

Global Outreach Charter Academy Inc's revenue in 2022 was $16,215,591.


Official website here: www.goca.us

Who are the executives of Global Outreach Charter Academy Inc and what are their salaries?

The average compensation at Global Outreach Charter Academy Inc during 2022 was $38,311. There are 211 employees at Global Outreach Charter Academy Inc.


Here are 8 key members and their salaries (Global Outreach Charter Academy Inc's CEO's salary is $0 and their total compensation is $0):


Sergey Soroka (Former Ceo)
  • Compensation: $176,000
  • Related: $0
  • Other: $5,352
Anna Korchuk (Chief Oper O)
  • Compensation: $133,917
  • Related: $0
  • Other: $2,293
Yaroslav Brychka (Vice Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Budnik (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Hearn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veniamin Kushnar (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ilya Soroka (Current Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.goca.us

Where can I find the form 990 for Global Outreach Charter Academy Inc?

Global Outreach Charter Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.goca.us

Learn more at the official website: www.goca.us

Mission Statement of Global Outreach Charter Academy Inc

Global Outreach Charter Academy Inc, a charitable and educational organization, was established with the primary objective of making a difference in the community. The corporation, recognized under Section 501(C)(3) of the Internal Revenue Code of 1986 for its charitable and educational purposes, aims to aid, support, and assist other charitable and educational organizations through charitable contributions.

Global Outreach Charter Academy Inc's principal focus is on providing educational opportunities for those in need. To accomplish this, the organization received a charter from the Duval County Public Schools to operate a public charter school. Its efforts have proven successful, with the school's charter contract being renewed for an additional five-year term in 2019.

The mission of Global Outreach Charter Academy Inc is multifaceted. It strives to contribute to the betterment of society by exclusively focusing on charitable and educational pursuits. The organization extends its support to various charitable and educational institutions and does not allow any part of its net earnings to benefit private shareholders or individuals. Moreover, it does not engage in propaganda or attempts to influence legislation. Through its education initiatives, Global Outreach Charter Academy Inc aims to provide valuable learning opportunities for individuals and help them reach their full potential.

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Impact




October, 2024

Global Outreach Charter Academy Inc (GOCA) significantly impacts the community by providing a high-quality, standards-based education to students from kindergarten through 12th grade. The academy emphasizes foreign language instruction and operates as a tuition-free public charter school, making education accessible to a diverse student population.

With approximately $5.5 million in federal and state grants during the fiscal year, GOCA leverages these funds to enhance its educational offerings and ensure students receive essential services. This includes providing nutritious hot lunches and breakfast to support student well-being and academic readiness. The capital outlay funds received from the state also help cover occupancy costs, ensuring that the academy can maintain a safe and conducive learning environment.

By fulfilling its mission to educate and support students, GOCA fosters academic achievement and personal growth, contributing positively to the Jacksonville community and preparing students for future success. The renewal of the school's charter contract in 2019 reflects confidence in its educational model and commitment to meet the needs of its students and the broader community.




This information is meant to be a general summary of Global Outreach Charter Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$16,215,591 (2022)
Expenses
$15,320,943 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,682
  • Program Service Revenue: $277,498
  • Gross Receipts: $16,215,744

Assets and Liabilities:

  • Total Assets: $28,025,971
  • Total Liabilities: $25,522,899
  • Net Assets: $2,503,072

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OTHER FEES:EXTENDED DAY FEES

Revenue

$132,514

MISCELLANEOUS LOCAL SOURCES:S

Revenue

$123,054

FOOD SERVICE: STUDENT AND ADU

Revenue

$21,915

INTERNAL CLUB

Revenue

$15

Organization Details

Founding Year

2008

Principal Officer

Victoria Budnik

Main Address

8985 LONE STAR RD, JACKSONVILLE, FL, 32211

NTEE Category

Code: B29 - Education

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