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Nonprofiteer
← GREAT OAKS FOUNDATION INC

Form 990 for tax year 2022

Filed by GREAT OAKS FOUNDATION INC.

Totals

Total revenue
$8,261,567
Total expenses
$8,749,278
Contributions and grants received
$5,744,092
Grants paid
$208,438
Program service revenue
$2,517,475
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,509,020
Total liabilities, end of year
$2,497,474
Net assets or fund balances, end of year
$1,011,546
Program services expenses (Part IX)
$7,490,123
Management and general expenses
$834,777
Fundraising expenses
$424,378
Program service expenses (Part III)
$7,490,123

Program services were 85.6% 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.

  • 1e · Government grants (contributions)

    $5,226,156

  • 1f · All other contributions, gifts and grants

    $517,936

  • 2a · Program service revenue: TUTOR FEES

    total $1,438,950 · related or exempt $1,438,950

  • 2b · Program service revenue: SCHOOL MANAGEMENT

    total $898,983 · related or exempt $898,983

  • 2c · Program service revenue: FELLOWSHIP HOUSING

    total $179,542 · related or exempt $179,542

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $208,438 · program services $208,438

  • 5 · Compensation of officers, directors and key employees

    total $894,808 · program services $724,893 · management and general $108,559 · fundraising $61,356

  • 7 · Other salaries and wages

    total $4,124,404 · program services $3,538,188 · management and general $333,670 · fundraising $252,546

  • 8 · Pension plan contributions

    total $13,059 · program services $11,828 · management and general $548 · fundraising $683

  • 9 · Other employee benefits

    total $648,698 · program services $561,231 · management and general $50,040 · fundraising $37,427

  • 10 · Payroll taxes

    total $478,748 · program services $411,685 · management and general $39,120 · fundraising $27,943

  • 11b · Fees: legal

    total $2,996 · management and general $2,996

  • 11c · Fees: accounting

    total $172,402 · management and general $172,402

  • 11g · Fees: other

    total $529,206 · program services $524,419 · management and general $3,351 · fundraising $1,436

  • 12 · Advertising and promotion

    total $95,922 · program services $72,893 · management and general $13,428 · fundraising $9,601

  • 13 · Office expenses

    total $140,620 · program services $106,006 · management and general $20,666 · fundraising $13,948

  • 14 · Information technology

    total $66,751 · program services $50,731 · management and general $9,345 · fundraising $6,675

  • 16 · Occupancy

    total $18,234 · program services $13,858 · management and general $2,553 · fundraising $1,823

  • 17 · Travel

    total $122,279 · program services $110,051 · management and general $12,228

  • 20 · Interest

    total $5,503 · program services $5,503

  • 22 · Depreciation, depletion and amortization

    total $38,585 · management and general $38,585

  • 23 · Insurance

    total $83,331 · program services $63,332 · management and general $11,666 · fundraising $8,333

  • 24a · Other expenses: SCHOOL DEVELOPMENT

    total $1,008,821 · program services $1,008,821

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $81,196 · program services $73,188 · management and general $8,008

  • 24c · Other expenses: MISCELLANEOUS

    total $15,277 · program services $5,058 · management and general $7,612 · fundraising $2,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $310,141 · end of year $427,610

  • 3 · Pledges and grants receivable

    beginning of year $1,226,683 · end of year $364,787

  • 4 · Accounts receivable

    beginning of year $630,881 · end of year $141,898

  • 7 · Other notes and loans receivable

    beginning of year $113,714 · end of year $200,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $232,742 · end of year $298,170

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

    $2,211,002

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

    $155,447

  • 10c · Land, buildings and equipment, net

    beginning of year $47,257 · end of year $2,055,555

  • 15 · Other assets

    beginning of year $16,800 · end of year $21,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $432,671 · end of year $1,630,467

  • 18 · Grants payable

    beginning of year $0 · end of year $166,750

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $700,257

  • 24 · Unsecured notes and loans payable

    beginning of year $22,164 · end of year $0

  • 25 · Other liabilities

    beginning of year $624,126 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,230,620 · end of year $757,292

  • 28 · Net assets with donor restrictions

    beginning of year $268,637 · end of year $254,254

Mission and programs · 2022

Mission

THE MISSION OF THE GO FOUNDATION IS TO PROVIDE STUDENTS WITH ACCESS TO A QUALITY EDUCATION THROUGH HIGH-DOSAGE TUTORING. WE ENVISION AN AMERICA WHERE EVERY CHILD HAS THE SUPPORT OF A TUTOR TO ENABLE THEM TO REALIZE THEIR FULL HUMAN POTENTIAL.

Activities or mission (Part I)

THE GREAT OAKS FOUNDATION ENVISIONS AN AMERICA WHERE EVERY CHILD HAS THE SUPPORT OF A TUTOR TO ENABLE THEM TO REALIZE THEIR FULL HUMAN POTENTIAL.

  • GREAT OAKS FOUNDATION ("GO") RECRUITS, TRAINS, AND SUPPORTS A CORPS OF YOUNG ADULTS WHO ARE PLACED IN PARTNER SCHOOLS WHERE THEY INTENSIVELY TUTOR STUDENTS AS A PART OF A YEAR OF SERVICE THROUGH THE FEDERAL AMERICORPS PROGRAM. GO CALLS ITS TUTORS "FELLOWS" TO ENCOMPASS THE SEVERAL ROLES THEY PLAY TO INSTRUCT, MENTOR, AND DEVELOP THE STUDENTS WITH WHOM THEY ARE MATCHED. DURING THE 2022-2023 SCHOOL YEAR, GO PLACED OVER 150 TUTORS AT SCHOOLS IN NEW YORK, NEW JERSEY, AND CONNECTICUT, SERVING OVER 1500 STUDENTS. GO PROVIDES HOUSING TO THE TUTORS PLACED IN ITS PARTNER SCHOOLS. GO OFFERS COMMUNAL HOUSING - INCLUDING FURNITURE AND UTILITIES - IN THE NEIGHBORHOODS WHERE TUTORS ARE SERVING.GO SERVES AS A MANAGEMENT ORGANIZATION FOR A SMALL NETWORK OF CHARTER SCHOOLS. IN 2022-2023, GO PROVIDED COMPREHENSIVE BACK OFFICE SERVICES TO THESE SCHOOLS, INCLUDING FINANCE, HR, OPERATIONS, AND FACILITIES SUPPORT.

    Expenses $7,490,123 · Grants $208,438 · Revenue $2,517,475

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Adam Weinstein

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Susan Mustokoff Akselrad

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Michael Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Charlotte Adjchavanich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerald Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derrick Diggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Drewes

    DIRECTOR (THRU MAR 2023)

    Total calculated
    $0
    Hours/week
    1

  • Odd Eiken

    DIRECTOR (THRU MAR 2023)

    Total calculated
    $0
    Hours/week
    1

  • Liliana Polo-McKenna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peggy Shaughnessy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Stroud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elie Bilmes

    CHIEF PROGRAM OFFICER

    Total calculated
    $168,237
    From this org
    $145,080
    From related orgs
    $0
    Other
    $23,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,007
    Bonus
    $0
    Other
    $73
    Deferred
    $5,030
    Nontaxable benefits
    $18,127
    Filer's total
    $168,237

  • Benjamin Chan

    CHIEF FINANCIAL OFFICER

    Total calculated
    $173,634
    From this org
    $143,509
    From related orgs
    $0
    Other
    $30,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,792
    Bonus
    $0
    Other
    $717
    Deferred
    $0
    Nontaxable benefits
    $30,125
    Filer's total
    $173,634

  • Michael Duffy

    PRESIDENT

    Total calculated
    $272,794
    From this org
    $245,705
    From related orgs
    $0
    Other
    $27,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,757
    Bonus
    $0
    Other
    $948
    Deferred
    $9,008
    Nontaxable benefits
    $18,081
    Filer's total
    $272,794

  • Lauren Perkins Chief Op-

    ERATING OFFICER (THRU FEB 2023)

    Total calculated
    $141,816
    From this org
    $138,846
    From related orgs
    $0
    Other
    $2,970
    Hours/week
    40

  • Joshua Thomases

    EXEC. VICE PRESIDENT (THRU OCT 2022)

    Total calculated
    $192,730
    From this org
    $167,963
    From related orgs
    $0
    Other
    $24,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,611
    Bonus
    $0
    Other
    $352
    Deferred
    $3,571
    Nontaxable benefits
    $21,196
    Filer's total
    $192,730

  • Hector Calderon

    CHIEF EQUITY OFFICER

    Total calculated
    $176,381
    From this org
    $132,721
    From related orgs
    $0
    Other
    $43,660
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,316
    Bonus
    $0
    Other
    $405
    Deferred
    $0
    Nontaxable benefits
    $43,660
    Filer's total
    $176,381

  • Vanessa Ceas

    VICE PRESIDENT

    Total calculated
    $183,222
    From this org
    $161,552
    From related orgs
    $0
    Other
    $21,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,457
    Bonus
    $0
    Other
    $95
    Deferred
    $0
    Nontaxable benefits
    $21,670
    Filer's total
    $183,222

  • Jennifer Perkins

    DIRECTOR OF PARTNERSHIPS

    Total calculated
    $156,401
    From this org
    $109,393
    From related orgs
    $0
    Other
    $47,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,318
    Bonus
    $0
    Other
    $75
    Deferred
    $5,029
    Nontaxable benefits
    $41,979
    Filer's total
    $156,401

  • Christina Venable Director Of

    PHILANTHROPY & SPECIAL INITIATIVES

    Total calculated
    $132,732
    From this org
    $114,651
    From related orgs
    $0
    Other
    $18,081
    Hours/week
    40

  • Amirpasha Zandieh Director Of

    PROGRAM IMPROVEMENT & RESEARCH

    Total calculated
    $124,648
    From this org
    $110,597
    From related orgs
    $0
    Other
    $14,051
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349317995

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