Lake Oconee Academy Inc
- Assets
- $33.8m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, GA
- Founding
- 03/2008
- Data as of
- 06/2023
- EIN
- 26-0385375
Organization Overview
Lake Oconee Academy Inc is located in Greensboro, GA. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Oconee 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 06/2023, Lake Oconee Academy Inc generated $16.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $14.9m during the year ending 06/2023. While expenses have increased by 7.8% per year over the past 6 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 THE CHARTER SCHOOL IS TO INCREASE STUDENT ACHIEVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE GREENE COUNTY BOARD OF EDUCATION AND THE STATE OF GEORGIA DEPARTMENT OF EDUCATION.
THE ORGANIZATION OPERATES A PRE-K PROGRAM THROUGH THE STATE OF GEORGIA BRIGHT FROM THE START PROGRAM.
THE ORGANIZATION OPERATES AN AFTERSCHOOL PROGRAM.
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 |
|---|---|---|---|
Kim Larkin Board Member | Trustee | 1 | $0 |
Kristina Jaskyte-Bahr Board Member | Trustee | 1 | $0 |
Richard Schmidt Secretary | OfficerTrustee | 1 | $0 |
Michael Tompkins Chairman | Trustee | 1 | $0 |
Bradford G Bowling CEO | Officer | 40 | $135,000 |
Sarah Peacock Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patsy Norrington Cleaning Janitorial Services | 6/29/21 | $368,724 |
Deluxe Athletics Llc Construction Project | 6/29/21 | $713,109 |
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 | $785,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,697 |
| Total Program Service Revenue | $15,675,092 |
| Investment income | $5,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $16,465,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $418,337 |
| Compensation of current officers, directors, key employees. | $418,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,051,516 |
| Pension plan accruals and contributions | $1,413,573 |
| Other employee benefits | $1,663,502 |
| Payroll taxes | $524,651 |
| Fees for services: Management | $70,633 |
| Fees for services: Legal | $121,799 |
| Fees for services: Accounting | $14,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,756 |
| Advertising and promotion | $23,722 |
| Office expenses | $147,911 |
| Information technology | $17,580 |
| Royalties | $0 |
| Occupancy | $936,170 |
| Travel | $31,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,398 |
| Interest | $585,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,963 |
| Insurance | $86,534 |
| All other expenses | $0 |
| Total functional expenses | $14,935,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,860,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,100,846 |
| 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 | $99,263 |
| Net Land, buildings, and equipment | $5,329,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,419,163 |
| Other assets | $0 |
| Total assets | $33,809,016 |
| Accounts payable and accrued expenses | $2,631,927 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $22,172,468 |
| Total liabilities | $24,804,395 |
| Net assets without donor restrictions | $9,004,621 |
| Net assets with donor restrictions | $0 |
| 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 | $33,809,016 |