Oak Grove Classical Academy Inc
- Assets
- $1.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 110
- Location
- Albuquerque, NM
- Founding
- 03/2009
- Data as of
- 06/2024
- EIN
- 26-1217505
Organization Overview
Oak Grove Classical Academy Inc is located in Albuquerque, NM. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Oak Grove Classical Academy Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Grove Classical 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 06/2024, Oak Grove Classical Academy Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $2.7m during the year ending 06/2024. While expenses have increased by 13.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OAK GROVE CLASSICAL ACADEMY PROVIDES A CHRIST-CENTERED, CLASSICAL EDUCATION UTILIZING A UNIVERSITY MODEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A UNIVERSITY MODEL SCHOOL, WE CONTINUE TO PARTNER WITH PARENTS IN PROVIDING A CLASSICAL EDUCATION TO THEIR CHILDREN. THE SCHOOL SERVES 437 STUDENTS AND 262 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Winn Headmaster | Officer | 50 | $100,411 |
Andy Diercks President | OfficerTrustee | 1 | $0 |
Jay Rush Vice President | OfficerTrustee | 1 | $0 |
Megan Diercks Secretary | OfficerTrustee | 1 | $0 |
Kurt Sorenson Treasurer | OfficerTrustee | 1 | $0 |
David Hicks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,483 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,447 |
| Total Program Service Revenue | $2,595,506 |
| Investment income | $6,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,378 |
| Net Income from Gaming Activities | $10,650 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,791,762 |
| 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. | $102,299 |
| Compensation of current officers, directors, key employees. | $102,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,809,200 |
| Pension plan accruals and contributions | $17,097 |
| Other employee benefits | $0 |
| Payroll taxes | $173,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $152,263 |
| Travel | $0 |
| 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 | $3,334 |
| Insurance | $26,536 |
| All other expenses | $0 |
| Total functional expenses | $2,730,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,455,118 |
| Savings and temporary cash investments | $386,725 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $14,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,609 |
| Total assets | $1,943,694 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,660 |
| Deferred revenue | $1,541,128 |
| 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 | $87,609 |
| Total liabilities | $1,634,397 |
| Net assets without donor restrictions | $309,297 |
| 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 | $1,943,694 |