Oaks Academy Inc
- Assets
- $6.2m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 319
- Location
- Indianapolis, IN
- Founding
- 04/1999
- Data as of
- 07/2022
- EIN
- 35-2050595
Organization Overview
Oaks Academy Inc is located in Indianapolis, IN. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Oaks Academy Inc employed 319 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaks 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 07/2022, Oaks Academy Inc generated $16.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $16.5m during the year ending 07/2022. While expenses have increased by 8.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OAKS ACADEMY IS A CHRIST-CENTERED SCHOOL THAT EXISTS TO PROVIDE A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION FOR GRADES PRE-K THROUGH GRADE 8 (EDUCATING APPROXIMATELY 1048 STUDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,906,256 |
| Noncash contributions included in lines 1a–1f | $4,176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,021,256 |
| Total Program Service Revenue | $14,411,554 |
| Investment income | $2 |
| 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 | $16,432,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $777,143 |
| Grants and other assistance to domestic individuals. | $1,569,137 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $904,645 |
| Compensation of current officers, directors, key employees. | $114,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,565,240 |
| Pension plan accruals and contributions | $159,390 |
| Other employee benefits | $806,958 |
| Payroll taxes | $661,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $286,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $154,419 |
| Office expenses | $223,166 |
| Information technology | $103,675 |
| Royalties | $0 |
| Occupancy | $1,442,977 |
| Travel | $4,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,225 |
| Interest | $7,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,776 |
| Insurance | $87,222 |
| All other expenses | $4,232 |
| Total functional expenses | $16,539,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447 |
| Savings and temporary cash investments | $4,701,317 |
| Pledges and grants receivable | $150,376 |
| Accounts receivable, net | $870,563 |
| 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 | $214,943 |
| Net Land, buildings, and equipment | $297,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,235,160 |
| Accounts payable and accrued expenses | $1,007,111 |
| Grants payable | $0 |
| Deferred revenue | $1,719,628 |
| 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 | $66,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,793,406 |
| Net assets without donor restrictions | $2,745,995 |
| Net assets with donor restrictions | $695,759 |
| 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 | $6,235,160 |