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Nonprofiteer
← LIVE OAK A LEARNING CENTER FOR CHILDREN

Form 990 for tax year 2023

Filed by LIVE OAK A LEARNING CENTER FOR CHILDREN.

Totals

Total revenue
$20,648,833
Total expenses
$20,419,107
Contributions and grants received
$1,379,620
Grants paid
$3,095,037
Program service revenue
$18,751,922
Investment income
$517,291
Other revenue
$0
Total assets, end of year
$60,253,601
Total liabilities, end of year
$37,636,040
Net assets or fund balances, end of year
$22,617,561
Program services expenses (Part IX)
$17,902,123
Management and general expenses
$1,621,576
Fundraising expenses
$895,408
Program service expenses (Part III)
$17,902,123

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,379,620

  • 1g · Noncash contributions included above

    $52,625

  • 2a · Program service revenue: TUITION & FEES

    total $18,663,005 · related or exempt $18,663,005

  • 2b · Program service revenue: OTHER INCOME

    total $88,917 · related or exempt $88,917

  • 3 · Investment income

    total $363,663 · excluded $363,663

  • 7a · Gross sales of assets other than inventory

    securities $2,290,499

  • 7b · Less cost or other basis and sales expenses

    securities $2,136,871

  • 7c · Gain or loss

    securities $153,628

  • 7d · Net gain or loss

    total $153,628 · excluded $153,628

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,095,037 · program services $3,095,037

  • 5 · Compensation of officers, directors and key employees

    total $1,253,126 · program services $1,034,580 · management and general $145,739 · fundraising $72,807

  • 7 · Other salaries and wages

    total $7,656,079 · program services $6,320,858 · management and general $890,402 · fundraising $444,819

  • 8 · Pension plan contributions

    total $455,027 · program services $375,670 · management and general $52,920 · fundraising $26,437

  • 9 · Other employee benefits

    total $591,993 · program services $488,749 · management and general $68,849 · fundraising $34,395

  • 10 · Payroll taxes

    total $629,265 · program services $519,521 · management and general $73,184 · fundraising $36,560

  • 11b · Fees: legal

    total $43,653 · program services $42,029 · management and general $1,218 · fundraising $406

  • 11c · Fees: accounting

    total $66,576 · program services $64,100 · management and general $1,857 · fundraising $619

  • 11g · Fees: other

    total $2,500 · program services $2,407 · management and general $70 · fundraising $23

  • 13 · Office expenses

    total $251,417 · management and general $112,753 · fundraising $138,664

  • 16 · Occupancy

    total $1,355,717 · program services $1,315,317 · management and general $40,400

  • 20 · Interest

    total $253,205 · program services $243,786 · management and general $7,064 · fundraising $2,355

  • 22 · Depreciation, depletion and amortization

    total $1,076,824 · program services $1,036,765 · management and general $30,044 · fundraising $10,015

  • 23 · Insurance

    total $123,133 · program services $118,553 · management and general $3,435 · fundraising $1,145

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $1,465,259 · program services $1,465,259

  • 24b · Other expenses: LUNCH PROGRAM

    total $659,215 · program services $659,215

  • 24c · Other expenses: FACILITIES MAINT/REPAIR

    total $631,110 · program services $607,633 · management and general $17,608 · fundraising $5,869

  • 24d · Other expenses: UTILITIES

    total $293,615 · program services $282,692 · management and general $8,192 · fundraising $2,731

  • 24e · All other expenses

    total $516,356 · program services $229,952 · management and general $167,841 · fundraising $118,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $461,075 · end of year $6,448,063

  • 2 · Savings and temporary cash investments

    beginning of year $8,560,880 · end of year $3,745,164

  • 3 · Pledges and grants receivable

    beginning of year $251,910

  • 4 · Accounts receivable

    beginning of year $11,078 · end of year $113,117

  • 9 · Prepaid expenses and deferred charges

    beginning of year $303,067 · end of year $454,842

  • 10a · Land, buildings and equipment: cost or other basis

    $32,318,558

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,744,237

  • 10c · Land, buildings and equipment, net

    beginning of year $20,402,410 · end of year $19,574,321

  • 11 · Investments: publicly traded securities

    beginning of year $9,280,603 · end of year $10,125,176

  • 15 · Other assets

    beginning of year $20,568,817 · end of year $19,792,918

  • 17 · Accounts payable and accrued expenses

    beginning of year $956,270 · end of year $1,106,952

  • 19 · Deferred revenue

    beginning of year $8,645,074 · end of year $8,975,835

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,305,387 · end of year $7,056,021

  • 23 · Secured mortgages and notes payable

    beginning of year $305,164 · end of year $162,499

  • 25 · Other liabilities

    beginning of year $20,770,496 · end of year $20,334,733

  • 27 · Net assets without donor restrictions

    beginning of year $19,269,883 · end of year $19,727,403

  • 28 · Net assets with donor restrictions

    beginning of year $2,587,566 · end of year $2,890,158

Mission and programs · 2023

Mission

SEE SCHEDULE O.LIVE OAK IS A K-8 INDEPENDENT SCHOOL THAT SUPPORTS THE POTENTIAL AND PROMISE OF EACH STUDENT.

Activities or mission (Part I)

SEE SCHEDULE O.LIVE OAK SCHOOL OPERATES A CAMPUS OF 417 K-8 STUDENTS, PROVIDING THEM WITH HIGH QUALITY CLASSROOM INSTRUCTION, EXTENDED DAY PROGRAM SERVICES, ATHLETICS, AND EXPERIENTIAL PROGRAMS (FIELD TRIPS, OUTDOOR EDUCATION, OVERNIGHT TRIPS).

  • EDUCATIONAL PROGRAM: LIVE OAK SCHOOL ENROLLED 417 STUDENTS AND OPERATED 174 SCHOOL DAYS WITH 120 STAFF.

    Expenses $17,642,999 · Grants $3,095,037 · Revenue $17,914,153

  • EXTENDED CARE: PROGRAMMING INCLUDES EXTENDED CARE, HOLIDAY CARE, ROOTS AND BRANCHES (SOCCER, TAEKWONDO, STEM, ETC.), AND PRIVATE MUSIC LESSONS.

    Expenses $259,124 · Revenue $837,769

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Regina Eberhart

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Voltaire Villanueva

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Ajay Gopal

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Diana Lie

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Drew Williamson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Roseanne Barry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rachel Bernstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joanne Cronin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jules Day

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Phil Gutierrez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sam Hong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nate Lundy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brenda McConathy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cory Mickels

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jack Poindexter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gina Patterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrea Saint-Prix

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tom Murphy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Evan Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jill Pierce

    TRUSTEE/FACULTY

    Total calculated
    $116,554
    From this org
    $92,250
    From related orgs
    $0
    Other
    $24,304
    Hours/week
    42

  • Audrey Soriano

    TRUSTEE/FACULTY

    Total calculated
    $99,814
    From this org
    $86,247
    From related orgs
    $0
    Other
    $13,567
    Hours/week
    42

  • Virginia Paik

    HEAD OF SCHOOL

    Total calculated
    $689,315
    From this org
    $636,877
    From related orgs
    $0
    Other
    $52,438
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $456,877
    Bonus
    $50,000
    Other
    $130,000
    Deferred
    $31,981
    Nontaxable benefits
    $20,457
    Filer's total
    $689,315

  • Erik Paxman

    DIRECTOR OF FINANCE & OPS.

    Total calculated
    $280,595
    From this org
    $250,328
    From related orgs
    $0
    Other
    $30,267
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $250,328
    Bonus
    $0
    Other
    $0
    Deferred
    $15,020
    Nontaxable benefits
    $15,247
    Filer's total
    $280,595

  • Tanya Susoev

    MIDDLE SCHOOL HEAD

    Total calculated
    $197,855
    From this org
    $186,225
    From related orgs
    $0
    Other
    $11,630
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,225
    Bonus
    $0
    Other
    $0
    Deferred
    $11,174
    Nontaxable benefits
    $456
    Filer's total
    $197,855

  • Victoria Ladew

    LOWER SCHOOL HEAD

    Total calculated
    $203,276
    From this org
    $184,050
    From related orgs
    $0
    Other
    $19,226
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,050
    Bonus
    $0
    Other
    $0
    Deferred
    $11,043
    Nontaxable benefits
    $8,183
    Filer's total
    $203,276

  • Francisca Guzman

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $195,419
    From this org
    $176,662
    From related orgs
    $0
    Other
    $18,757
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $176,662
    Bonus
    $0
    Other
    $0
    Deferred
    $10,600
    Nontaxable benefits
    $8,157
    Filer's total
    $195,419

  • Mary Ann Chin Ng

    DIRECTOR OF LEARNING SERVICES

    Total calculated
    $150,062
    From this org
    $139,819
    From related orgs
    $0
    Other
    $10,243
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $139,819
    Bonus
    $0
    Other
    $0
    Deferred
    $9,787
    Nontaxable benefits
    $456
    Filer's total
    $150,062

  • Lianna Kali

    DIR. OF INSTRUCTIONAL INNOVATION

    Total calculated
    $158,080
    From this org
    $136,280
    From related orgs
    $0
    Other
    $21,800
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,280
    Bonus
    $0
    Other
    $0
    Deferred
    $9,540
    Nontaxable benefits
    $12,260
    Filer's total
    $158,080

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 March 2025
IRS schema version
2023v6.0
Source object
202520949349300512

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