AI Transparency Report
Columbus Bilingual Academy appears to be a defunct organization, as indicated by its latest revenue and assets being reported as $0. Its filing history shows consistent operations between 2011 and 2016, with revenues ranging from $1.4 million to $2 million annually. During its active years, the organization generally operated with expenses close to or exceeding its revenue, leading to fluctuating asset and liability levels. For instance, in 2015, liabilities significantly exceeded assets ($2,368,447 vs. $300,502), which could indicate financial strain. The consistent reporting of 0% officer compensation across all active periods suggests either a volunteer-led executive team or that compensation was not reported in this specific field, which warrants further investigation for a complete transparency picture.
Given the current $0 revenue and assets, the organization is not financially healthy or operational. During its active period, its spending efficiency would need a more detailed breakdown of program, administrative, and fundraising expenses, which is not available in the provided summary. However, the close margin between revenue and expenses suggests that most funds were utilized annually. The lack of reported officer compensation is a positive sign for donor confidence regarding executive pay, assuming all compensation was indeed zero or very low. The sudden cessation of activity, as implied by the latest $0 filings, raises questions about its closure and any remaining obligations.