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Nonprofiteer
← OAKS ACADEMY INC

Form 990 for tax year 2022

Filed by OAKS ACADEMY INC.

Totals

Total revenue
$21,504,396
Total expenses
$16,656,599
Contributions and grants received
$6,787,779
Grants paid
$1,786,545
Program service revenue
$14,538,856
Investment income
$177,761
Other revenue
$0
Total assets, end of year
$11,021,673
Total liabilities, end of year
$3,402,982
Net assets or fund balances, end of year
$7,618,691
Program services expenses (Part IX)
$13,888,008
Management and general expenses
$2,103,342
Fundraising expenses
$665,249
Program service expenses (Part III)
$13,888,008

Program services were 83.4% 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

    $6,787,779

  • 1g · Noncash contributions included above

    $3,938

  • 2a · Program service revenue: TUITION AND FEES

    total $13,775,051 · related or exempt $13,775,051

  • 2b · Program service revenue: STUDENT ACTIVITY FEES

    total $333,953 · related or exempt $333,953

  • 2c · Program service revenue: AUXILIARY SERVICES

    total $399,829 · related or exempt $399,829

  • 2d · Program service revenue: OTHER REVENUE

    total $30,023 · related or exempt $30,023

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $177,761 · excluded $177,761

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,938

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

    securities $3,938

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $560,538 · program services $560,538

  • 2 · Grants to domestic individuals

    total $1,226,007 · program services $1,226,007

  • 5 · Compensation of officers, directors and key employees

    total $948,939 · program services $791,210 · management and general $119,829 · fundraising $37,900

  • 7 · Other salaries and wages

    total $7,900,784 · program services $6,240,704 · management and general $1,244,806 · fundraising $415,274

  • 8 · Pension plan contributions

    total $124,124 · program services $83,344 · management and general $30,614 · fundraising $10,166

  • 9 · Other employee benefits

    total $728,641 · program services $625,261 · management and general $77,608 · fundraising $25,772

  • 10 · Payroll taxes

    total $678,189 · program services $537,578 · management and general $105,557 · fundraising $35,054

  • 11c · Fees: accounting

    total $294,458 · management and general $294,458

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $155,121 · management and general $56,339 · fundraising $98,782

  • 13 · Office expenses

    total $218,055 · program services $198,539 · management and general $14,651 · fundraising $4,865

  • 14 · Information technology

    total $70,229 · program services $64,733 · fundraising $5,496

  • 16 · Occupancy

    total $1,648,750 · program services $1,600,871 · management and general $29,219 · fundraising $18,660

  • 17 · Travel

    total $8,022 · program services $542 · management and general $3,547 · fundraising $3,933

  • 19 · Conferences, conventions and meetings

    total $129,522 · program services $118,800 · management and general $8,748 · fundraising $1,974

  • 20 · Interest

    total $1,073 · management and general $1,073

  • 22 · Depreciation, depletion and amortization

    total $159,905 · program services $155,479 · management and general $2,641 · fundraising $1,785

  • 23 · Insurance

    total $103,040 · management and general $103,040

  • 24a · Other expenses: ACADEMICS & EXTRACURRICULAR

    total $786,589 · program services $779,606 · management and general $5,242 · fundraising $1,741

  • 24b · Other expenses: EDUCATIONAL MATERIALS

    total $459,089 · program services $459,089

  • 24c · Other expenses: MEAL & UNIFORM EXPENSES

    total $276,946 · program services $273,099 · fundraising $3,847

  • 24d · Other expenses: BAD DEBTS

    total $171,574 · program services $171,574

  • 24e · All other expenses

    total $7,004 · program services $1,034 · management and general $5,970 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $447 · end of year $447

  • 2 · Savings and temporary cash investments

    beginning of year $4,701,317 · end of year $6,278,220

  • 3 · Pledges and grants receivable

    beginning of year $150,376 · end of year $3,307,625

  • 4 · Accounts receivable

    beginning of year $870,563 · end of year $706,393

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $214,943 · end of year $444,749

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

    $1,882,884

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

    $1,665,463

  • 10c · Land, buildings and equipment, net

    beginning of year $297,514 · end of year $217,421

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    end of year $66,818

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,007,111 · end of year $1,672,533

  • 19 · Deferred revenue

    beginning of year $1,719,628 · end of year $1,663,631

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $66,667 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $66,818

  • 27 · Net assets without donor restrictions

    beginning of year $2,745,995 · end of year $2,260,538

  • 28 · Net assets with donor restrictions

    beginning of year $695,759 · end of year $5,358,153

Mission and programs · 2022

Mission

THE OAKS ACADEMY OFFERS AN ISACS (INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES) ACCREDITED LIBERAL ARTS EDUCATION FOR STUDENTS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE MISSION OF THE OAKS IS TO BE A CHRIST-CENTERED SCHOOL THAT PROVIDES A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS, PREPARING THEM TO SUCCEED IN A RIGOROUS SECONDARY EDUCATIONAL PROGRAM AND TO DEMONSTRATE SPIRITUAL, SOCIAL AND EMOTIONAL MATURITY.

Activities or mission (Part I)

THE OAKS ACADEMY IS A CHRIST-CENTERED SCHOOL THAT EXISTS TO PROVIDE A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS.

  • INSTRUCTION FOR GRADES PRE-K THROUGH GRADE 8 (EDUCATING APPROXIMATELY 1048 STUDENTS).

    Expenses $13,888,008 · Grants $1,786,545 · Revenue $14,538,856

As filed on the 2022 return.

Listed in Part VII

  • Joe Meyer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Joshua Abel

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Shannon Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Terry Lyons

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Alicia Saunders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Angela White-Randolph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brian Millen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Diamond McDonald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Eric Welp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jim Stanley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Burt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kara Hawkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kelly Hubler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Scott Kiesel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shondria Seaton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steve O'Neil

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Taylor Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andrew Hart

    CEO

    Total calculated
    $247,625
    From this org
    $238,364
    From related orgs
    $0
    Other
    $9,261
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $238,364
    Bonus
    $0
    Other
    $0
    Deferred
    $7,319
    Nontaxable benefits
    $1,942
    Filer's total
    $247,625

  • Bruce Crawford

    HEAD OF SCHOOL - FALL CREEK

    Total calculated
    $118,914
    From this org
    $115,450
    From related orgs
    $0
    Other
    $3,464
    Hours/week
    40

  • Derek Johnson

    CFO

    Total calculated
    $127,621
    From this org
    $122,510
    From related orgs
    $0
    Other
    $5,111
    Hours/week
    40 + 2 related

  • Kelly Altman

    HEAD OF SCHOOL - BROOKSIDE

    Total calculated
    $157,625
    From this org
    $156,833
    From related orgs
    $0
    Other
    $792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,833
    Bonus
    $0
    Other
    $0
    Deferred
    $375
    Nontaxable benefits
    $417
    Filer's total
    $157,625

  • Laura Grammer

    HEAD OF SCHOOL - MIDDLE SCHOOL

    Total calculated
    $134,485
    From this org
    $134,213
    From related orgs
    $0
    Other
    $272
    Hours/week
    40

  • Nathan Hand

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $162,669
    From this org
    $137,275
    From related orgs
    $0
    Other
    $25,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,275
    Bonus
    $0
    Other
    $0
    Deferred
    $4,118
    Nontaxable benefits
    $21,276
    Filer's total
    $162,669

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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
17 June 2024
IRS schema version
2022v5.0
Source object
202411699349301176

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