Oak Hill Academy
- Assets
- $15.8m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 99
- Location
- Lincroft, NJ
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 22-2365651
Organization Overview
Oak Hill Academy is located in Lincroft, NJ. The organization was established in 1982. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Oak Hill Academy employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hill Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Oak Hill Academy generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
- ELEMENTARY EDUCATION FOR GRADES PRE-K THROUGH EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONSECTARIAN, INDEPENDENT SCHOOL PROVIDING ELEMENTARY EDUCATION FOR GIRLS AND BOYS IN GRADES PRE-KINDERGARTEN THROUGH EIGHT. 334 STUDENTS WERE ENROLLED FOR THE 21-22 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Pacelli Headmaster/trustee | OfficerTrustee | 60 | $264,290 |
Patrice Murray Program Dir./adm. | OfficerTrustee | 50 | $172,229 |
Glenn Misson Maintenance | 50 | $142,293 | |
Gina Misson Controller/trustee | OfficerTrustee | 40 | $128,212 |
Christina Larkins Instr./dev./trustee | OfficerTrustee | 45 | $120,481 |
Peter Bruckmann Jr Administrator | 40 | $101,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $106,706 |
| Related organizations | $0 |
| Government grants | $250,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,701 |
| Total Program Service Revenue | $8,459,531 |
| Investment income | $61,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,424 |
| Net Income from Fundraising Events | -$7,827 |
| Net Income from Gaming Activities | $16,200 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,078,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $945,425 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $745,307 |
| Compensation of current officers, directors, key employees. | $556,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,380,105 |
| Pension plan accruals and contributions | $183,956 |
| Other employee benefits | $358,251 |
| Payroll taxes | $326,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,262 |
| Fees for services: Accounting | $56,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,163 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,051 |
| Office expenses | $38,178 |
| Information technology | $184,700 |
| Royalties | $0 |
| Occupancy | $351,480 |
| Travel | $34,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,418 |
| Interest | $75,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $351,137 |
| Insurance | $171,230 |
| All other expenses | $128,825 |
| Total functional expenses | $7,915,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,407,798 |
| Savings and temporary cash investments | $988,706 |
| Pledges and grants receivable | $1,624 |
| Accounts receivable, net | $13,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,135 |
| Net Land, buildings, and equipment | $7,702,060 |
| Investments—publicly traded securities | $1,694,580 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,734 |
| Total assets | $15,834,962 |
| Accounts payable and accrued expenses | $358,387 |
| Grants payable | $0 |
| Deferred revenue | $2,633,519 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,363,881 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,355,787 |
| Net assets without donor restrictions | $11,471,736 |
| Net assets with donor restrictions | $7,439 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,834,962 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Oak Hill Academy has recieved totaling $100,763.
| Awarding Organization | Amount |
|---|---|
Golden Dome Foundation Holmdel, NJ PURPOSE: ANNUAL GIVING FUND ENSURES THE LEVEL OF ACADEMIC AND EXTRACURRICULAR OFFERINGS THAT ARE ESSENTIAL TO THE OAK HILL ACADEMY EXPERIENCE. | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $713 |
William & Lynn Vogel Foundation Brielle, NJ PURPOSE: PROVIDE FUNDS TO SUPPORT THE PURPOSE OF SAID CHARITY. | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |