Great Oaks Foundation Inc
- Assets
- $2.5m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 25
- Location
- New York, NY
- Founding
- 05/2019
- Data as of
- 06/2021
- EIN
- 27-5281234
Organization Overview
Great Oaks Foundation Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Great Oaks Foundation Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Oaks Foundation 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 06/2021, Great Oaks Foundation Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $8.4m during the year ending 06/2021. While expenses have increased by 2.5% 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.
Since 2017, Great Oaks Foundation Inc has awarded 14 individual grants totaling $3,696,378. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GREAT OAKS FOUNDATION ENVISIONS AN AMERICA WHERE EVERY CHILD HAS THE SUPPORT OF A TUTOR TO ENABLE THEM TO REALIZE THEIR FULL HUMAN POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT OAKS FOUNDATION (GO) PROVIDES STUDENTS WITH ACCESS TO A QUALITY EDUCATION THROUGH HIGH-DOSAGE TUTORING. THERE ARE 3 COMPONENTS OF GO'S WORK: TAPPING THE POWER OF NATIONAL SERVICE TO RECRUIT YOUNG PEOPLE TO TUTOR STUDENTS THROUGH THE FEDERAL AMERICORPS PROGRAM; COMBATTING RACISM AND INTENTIONALLY HIRING A DIVERSE GROUP OF TUTORS TO REFLECT THE CHILDREN WE SERVE; CREATING A PIPELINE OF TALENT TO THE CLASSROOM BY INVITING A SELECT GROUP OF TUTORS INTO A TEACHER RESIDENCY PROGRAM.ACROSS THE PROGRAM, THE SHARE OF STUDENTS IN GRADES SERVED BY FELLOWS WHO MET FALL 2020 TO FALL 2021 GROWTH TARGETS IMPROVED 15 AND 9 PERCENTAGE POINTS IN READING AND MATH, RESPECTIVELY, COMPARED TO STUDENTS IN GRADES NOT SERVED BY FELLOWS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Duffy President | Officer | 40 | $230,886 |
Joshua Thomases Executive Vice President | Officer | 40 | $194,778 |
Lauren Perkins Chief Operating Officer | Officer | 40 | $141,197 |
Vanessa Ceas Chief Talent Officer | Officer | 40 | $130,730 |
Benjamin Chan Chief Financial Officer | Officer | 40 | $126,696 |
Megan Benay Director Of Data Systems | 40 | $111,017 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Little Bird Hr Hr & Payroll Services | 6/29/21 | $221,966 |
Stryder Corp Dba Handshake Recruiting Services | 6/29/21 | $102,791 |
Schoolbinder Inc Education Database Services | 6/29/21 | $104,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,365,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,403,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,769,038 |
| Total Program Service Revenue | $3,390,273 |
| Investment income | $0 |
| 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 | $9,169,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $187,685 |
| 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. | $1,018,413 |
| Compensation of current officers, directors, key employees. | $85,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,054,976 |
| Pension plan accruals and contributions | $3,234 |
| Other employee benefits | $122,896 |
| Payroll taxes | $514,624 |
| Fees for services: Management | $164,561 |
| Fees for services: Legal | $15,032 |
| Fees for services: Accounting | $31,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $353,781 |
| Advertising and promotion | $90,396 |
| Office expenses | $84,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,451 |
| Travel | $8,846 |
| 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 | $34,675 |
| Insurance | $70,653 |
| All other expenses | $0 |
| Total functional expenses | $8,434,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,152,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $921,101 |
| Accounts receivable, net | $65,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $223,715 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,902 |
| Net Land, buildings, and equipment | $61,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,400 |
| Total assets | $2,451,527 |
| Accounts payable and accrued expenses | $223,547 |
| Grants payable | $0 |
| Deferred revenue | $123,507 |
| 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 | $94,195 |
| Other liabilities | $367,000 |
| Total liabilities | $808,249 |
| Net assets without donor restrictions | $939,018 |
| Net assets with donor restrictions | $704,260 |
| 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 | $2,451,527 |
Grants Awarded
Over the last fiscal year, Great Oaks Foundation Inc has awarded $805,800 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Bridgeport, CT PURPOSE: SUPPORT OF HIGH-PERFORMANCE CHARTER SCHOOL | $253,500 |
Bridgeport, CT PURPOSE: SUPPORT OF HIGH-PERFORMANCE CHARTER SCHOOL | $253,500 |
New York, NY PURPOSE: SUPPORT OF HIGH-PERFORMANCE CHARTER SCHOOL | $135,000 |
New York, NY PURPOSE: SUPPORT OF HIGH-PERFORMANCE CHARTER SCHOOL | $135,000 |
Wilmington, DE PURPOSE: SUPPORT OF HIGH-PERFORMANCE CHARTER SCHOOL | $14,400 |
Wilmington, DE PURPOSE: SUPPORT OF HIGH-PERFORMANCE CHARTER SCHOOL | $14,400 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Great Oaks Foundation Inc has recieved totaling $655,000.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $500,000 |
Center For Education Reform Washington, DC PURPOSE: SUPPORT BEST IN CLASS EDUCATION PROVIDERS | $100,000 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: ED-FI CTA 2019 - GREAT OAKS TEACHER OBSERVATION & FEEDBACK SYSTEM | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |