Oxford Academy Inc
- Assets
- $8.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 40
- Location
- Westbrook, CT
- Founding
- 07/1987
- Data as of
- 08/2023
- EIN
- 22-2809363
Organization Overview
Oxford Academy Inc is located in Westbrook, CT. The organization was established in 1987. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2023, Oxford Academy Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oxford Academy Inc 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 08/2023, Oxford Academy Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.7m during the year ending 08/2023. While expenses have increased by 2.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OXFORD ACADEMY IS TO PROVIDE YOUNG MEN WITH A SUCCESSFUL EXPERIENCE THROUGH ONE-TO-ONE INSTRUCTION, A STRUCTURED BOARDING ENVIRONMENT AND A CLOSE, CARING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SCHOLASTIC ACADEMIC SUPPORT TO APPROXIMATELY 45 STUDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Connell President | OfficerTrustee | 1 | $0 |
Richard Fernandes Vice President | OfficerTrustee | 1 | $0 |
William Cochran Treasurer | OfficerTrustee | 1 | $0 |
Jaemi Pennington Secretary | OfficerTrustee | 1 | $0 |
Richard Brainerd Trustee | Trustee | 1 | $0 |
Rosemary Fitzgerald Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dennis Tennis Courts Construction Contractor | 8/30/23 | $273,500 |
Flik Compass Group Usa Food Service | 8/30/23 | $127,789 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,689 |
| Total Program Service Revenue | $3,260,157 |
| Investment income | -$1,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,446,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $478,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $235,315 |
| Compensation of current officers, directors, key employees. | $235,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,428,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $268,131 |
| Payroll taxes | $137,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,081 |
| Fees for services: Accounting | $12,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,528 |
| Advertising and promotion | $16,301 |
| Office expenses | $83,591 |
| Information technology | $15,658 |
| Royalties | $0 |
| Occupancy | $317,405 |
| Travel | $55,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,721 |
| Insurance | $77,824 |
| All other expenses | $0 |
| Total functional expenses | $3,681,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,813 |
| Savings and temporary cash investments | $375,148 |
| Pledges and grants receivable | $72,097 |
| Accounts receivable, net | $964 |
| 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 | $129,417 |
| Net Land, buildings, and equipment | $5,763,044 |
| Investments—publicly traded securities | $1,222,198 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,979,681 |
| Accounts payable and accrued expenses | $192,305 |
| Grants payable | $0 |
| Deferred revenue | $1,244,866 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,437,171 |
| Net assets without donor restrictions | $6,467,163 |
| Net assets with donor restrictions | $75,347 |
| 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 | $7,979,681 |