Greater Vision Academy Inc
Nonprofit profile at a glance
- EIN
- 472307043
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Gibsonville, NC, USA
- Phone
- 3365124766
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,587,701
- Expenses
- $1,378,644
- Assets
- $1,195,524
- Liabilities
- $855,605
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- SHANNA SUMMERS (PRESIDENT)
Highest reported compensation
- RENEE HAYES (OFFICER): $24,967 total reported compensation
- SHANNA SUMMERS (PRESIDENT): $11,667 total reported compensation
- BRENDA ELLER (VICE PRESIDE): $11,641 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Greater vision academy is a k-12, christian, non-profit educational institution that is devoted to equipping students with the tools for learning through a christ-centered education. We offer chapel services, bible classes, and a youth church for teens. Our students also benefit from field trips and other church and school related activities throughout the year. Our elective classes include: home economics, physical education, sign language, photography, art, and music.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76%; rating input score 76
- Program expense ratio: 87.5%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.2%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.72; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 3.5%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 26.9% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 26.9% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 44.6% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 76% of revenue deployed · 87.5% of spending went to programs
- Governance: 3 of 3 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $25K · 3 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.