Form 990 for tax year 2022

Filed by OCEANSIDE COLLEGIATE ACADEMY INC.

Totals

Total revenue: $8,205,074
Total expenses: $6,941,254
Contributions and grants received: $7,568,090
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $636,984
Total assets, end of year: $17,771,078
Total liabilities, end of year: $11,146,432
Net assets or fund balances, end of year: $6,624,646
Program services expenses (Part IX): $4,936,286
Management and general expenses: $2,004,968
Fundraising expenses: $0
Program service expenses (Part III): $4,936,286

Program services were 71.1% 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)

$7,568,090
11a · Other revenue: STUDENT AND ACTIVITY FEES

total $321,732 · related or exempt $321,732
11b · Other revenue: MISCELLANEOUS OTHER REVENUES

total $262,490 · related or exempt $262,490
11c · Other revenue: INTEREST ON INVESTMENTS

total $52,762 · related or exempt $52,762
11e · Other revenue, total

$636,984

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $2,296,702 · program services $1,687,632 · management and general $609,070
8 · Pension plan contributions

total $38,068 · program services $25,247 · management and general $12,821
9 · Other employee benefits

total $266,959 · program services $223,363 · management and general $43,596
10 · Payroll taxes

total $191,869 · program services $148,206 · management and general $43,663
11a · Fees: management

total $770,673 · management and general $770,673
11b · Fees: legal

total $93,965 · management and general $93,965
11c · Fees: accounting

total $37,200 · management and general $37,200
11d · Fees: lobbying

total $24,312 · management and general $24,312
11g · Fees: other

total $1,237,044 · program services $1,212,524 · management and general $24,520
12 · Advertising and promotion

total $10,596 · management and general $10,596
13 · Office expenses

total $124,621 · management and general $124,621
14 · Information technology

total $186,066 · program services $186,066
16 · Occupancy

total $249,122 · program services $124,561 · management and general $124,561
17 · Travel

total $7,255 · management and general $7,255
20 · Interest

total $714,941 · program services $714,941
22 · Depreciation, depletion and amortization

total $613,746 · program services $613,746
23 · Insurance

total $78,115 · management and general $78,115

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,491,994 · end of year $1,273,113
2 · Savings and temporary cash investments

beginning of year $304,427 · end of year $3,883,648
3 · Pledges and grants receivable

beginning of year $847,028 · end of year $232,202
9 · Prepaid expenses and deferred charges

beginning of year $22,584 · end of year $18,501
10a · Land, buildings and equipment: cost or other basis

$14,852,817
10b · Land, buildings and equipment: accumulated depreciation

$2,489,203
10c · Land, buildings and equipment, net

beginning of year $12,377,928 · end of year $12,363,614
17 · Accounts payable and accrued expenses

beginning of year $482,659 · end of year $253,898
19 · Deferred revenue

beginning of year $387,800 · end of year $332,400
20 · Tax-exempt bond liabilities

beginning of year $10,240,000 · end of year $10,080,000
25 · Other liabilities

beginning of year $572,676 · end of year $480,134
27 · Net assets without donor restrictions

beginning of year $5,360,826 · end of year $6,624,646

Mission and programs · 2022

Mission

OCEANSIDE COLLEGIATE ACADEMY (OCA) WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.

Activities or mission (Part I)

OCEANSIDE COLLEGIATE ACADEMY (OCA) WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.

OCEANSIDE COLLEGIATE ACADEMY (OCA) WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.
OCEANSIDE COLLEGIATE ACADEMY (OCA) WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.

Expenses $4,936,286

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

Listed in Part VII

Christina BrownCHRISTINA BROWN

SCHOOL LEADE

Total calculated

$167,865

From this org

$167,865

From related orgs

$0

Other

$0

Schedule J breakdown matched by us

Base

$167,865

Bonus

not reported

Other

not reported

Deferred

not reported

Nontaxable benefits

not reported

Filer's total

$167,865
Dr Marvin ArnsdorffDR MARVIN ARNSDORFF

CHAIR

Total calculated

$0
Ryan BartemeyerRYAN BARTEMEYER

DIRECTOR

Total calculated

$0
Michelle CrawfordMICHELLE CRAWFORD

DIRECTOR

Total calculated

$0
Katie HoffmanKATIE HOFFMAN

DIRECTOR

Total calculated

$0
Nora HowardNORA HOWARD

SECRETARY/TR

Total calculated

$0
Gary NestlerGARY NESTLER

CO-CHAIR

Total calculated

$0
Sandra PatrickSANDRA PATRICK

DIRECTOR

Total calculated

$0
Christopher SwisherCHRISTOPHER SWISHER

DIRECTOR

Total calculated

$0
Tony ZarzacaTONY ZARZACA

DIRECTOR

Total calculated

$0

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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 5 January 2024
IRS schema version: 2022v5.0
Source object: 202440169349304289

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