Oikos Community Corporation
- Assets
- $332.5k
- Revenue
- $901.3k
- Investments
- $0.0
- Employees
- 46
- Location
- Flushing, NY
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-1393999
Organization Overview
Oikos Community Corporation is located in Flushing, NY. The organization was established in 2011. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Oikos Community Corporation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oikos Community Corporation 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 12/2023, Oikos Community Corporation generated $901.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $913.0k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 5 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
OCC'S MISSION IS TO PROVIDE NECESSARY SERVICES TO MEET THE NEEDS OF THE COMMUNITY THAT WE ARE IN. OUR PROGRAMS INCLUDE: PRE-SCHOOL (3K/4K), DAYCARE, SUMMER CAMP, AND SPORTS MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
3K/4K (PRE-K) PROGRAM: THE 3K/4K PROGRAM IS A CONTRACT AGREEMENT WITH THE NYC DEPT OF EDUCATION TO PROVIDE EARLY CARE AND EDUCATION SERVICES TO CHILDREN WHO ARE 3 YEARS (3K) AND 4 YEARS (4K) OLD. THE SCHOOL YEAR BEGINS IN SEPTEMBER AND ENDS IN JUNE OF THE FOLLOWING YEAR. THIS PROGRAM CONSISTED OF 32 STUDENTS FROM JANUARY TO JUNE AND 33 STUDENTS FROM SEPTEMBER TO DECEMBER. THE STAFF COMPRISED OF 1 EDUCATION DIRECTOR, 2 TEACHERS, 2 TEACHER ASSISTANTS, 1 ADMINISTRATOR AND 2 PART-TIME EMPLOYEES (1 ACCOUNTANT AND 1 MAINTENANCE WORKER).
OCC SUMMER PARADISE: THIS IS A SUMMER SCHOOL PROGRAM DURING EARLY JULY TO LATE AUGUST FOR CHILDREN FROM GRADES PRESCHOOL TO 8TH GRADE. WE BELIEVE THAT EACH PERSON IS UNIQUELY CREATED IN GOD'S IMAGE TO REPRESENT HIS GOODNESS, TO GROW IN HIS LIKENESS, AND TO FAITHFULLY LIVE OUT HIS PURPOSE. OUR SUMMER SCHOOL PROGRAM STRIVES TO PROVIDE AN ENVIRONMENT THAT HELPS THE CHILDREN TO DEVELOP GODLY CHARACTERISTICS AND TO FURTHER ENHANCE HIS/HER ACADEMIC POTENTIAL. THIS PROGRAM COMPRISED OF 9 CLASSES WITH AN ENROLLMENT OF 195 STUDENTS. WE EMPLOYED 3 DIRECTORS, 9 TEACHERS, 18 TEACHER ASSISTANTS, 1 GENERAL MANAGER AND 1 ASSISTANT GENERAL MANAGER. THERE WERE 21 VOLUNTEERS.
OCC DAYCARE PROGRAM: OUR DAYCARE PROGRAM AIMS TO PROVIDE A SAFE AND DEVELOPMENTALLY APPROPRIATE ENVIRONMENT THAT NURTURES EACH CHILD'S SOCIAL, EMOTIONAL, PHYSICAL, COGNITIVE AND SPIRITUAL GROWTH. OUR STAFF IS COMMITTED TO BRING FAITH, HOPE AND LOVE TO EACH CHILD. WE STRIVE TO HELP THEM GROW IN WISDOM AND STATURE TO PREPARE THEM FOR THE SCHOOL YEARS AHEAD. WE ALSO AIM TO BRING OUT THE GOSPEL MESSAGE TO THE CHILDREN AND ACTIVELY ENGAGE IN OPPORTUNITIES TO HELP PARENTS UNDERSTAND THE IMPORTANCE OF CHRISTIAN BELIEF IN BRINGING UP THEIR CHILDREN AND HOW THIS FAITH CAN IMPACT THEIR FAMILY DYNAMICS AND GROWTH. THIS PROGRAM CONSISTED OF 12 STUDENTS FROM JANUARY TO JUNE AND 12 STUDENTS FROM SEPTEMBER TO DECEMBER. THE STAFF COMPRISED OF 1 TEACHER, 2 TEACHER ASSISTANTS AND 3 PART-TIME HELPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Wong Secretary | OfficerTrustee | 50 | $91,539 |
Dr Frank Tung Director | Trustee | 0.25 | $0 |
Rev Stanley Kwong President | Trustee | 1 | $0 |
James Tam Treasurer | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $564,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $565,636 |
| Total Program Service Revenue | $335,526 |
| Investment income | $142 |
| 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 | $901,304 |
| 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. | $91,539 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $555,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,814 |
| Payroll taxes | $49,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,915 |
| Advertising and promotion | $0 |
| Office expenses | $11,493 |
| Information technology | $32 |
| Royalties | $0 |
| Occupancy | $75,790 |
| 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 | $0 |
| Insurance | $3,442 |
| All other expenses | $4,916 |
| Total functional expenses | $913,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,045 |
| Savings and temporary cash investments | $306,841 |
| Pledges and grants receivable | $7,462 |
| 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 | $8,174 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,522 |
| Accounts payable and accrued expenses | $23,969 |
| Grants payable | $0 |
| Deferred revenue | $162,473 |
| 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 | $18,832 |
| Total liabilities | $205,274 |
| Net assets without donor restrictions | $127,248 |
| 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 | $332,522 |