Oxford Preparatory School Inc
- Assets
- $20.9m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 124
- Location
- Oxford, NC
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-0722961
Organization Overview
Oxford Preparatory School Inc is located in Oxford, NC. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Oxford Preparatory School Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oxford Preparatory School 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 06/2022, Oxford Preparatory School Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 23.1% per year over the past 4 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
OPERATION OF A PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A CHARTER SCHOOL IN OXFORD, NC SERVING APPROXIMATELY 826 STUDENTS FOR THE FISCAL YEAR ENDING 6/30/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Swanner - Ex-Officio Executive Director | OfficerTrustee | 40 | $110,334 |
Vici Bradsher - Ex-Officio Upper School Director | OfficerTrustee | 40 | $97,590 |
Maryann Crews - Ex-Officio Lower School Director | OfficerTrustee | 40 | $94,490 |
Randy Reese Chair | OfficerTrustee | 2 | $0 |
Alison Wilson Vice-Chair | OfficerTrustee | 2 | $0 |
Marsha Edgerton-Garrett Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $671,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $698,669 |
| Total Program Service Revenue | $8,062,664 |
| 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 | $23,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,784,810 |
| 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. | $302,414 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,234,353 |
| Pension plan accruals and contributions | $186,287 |
| Other employee benefits | $408,733 |
| Payroll taxes | $356,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,472 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,530 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,453 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $654,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $512,819 |
| Insurance | $34,356 |
| All other expenses | $0 |
| Total functional expenses | $8,249,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,824,184 |
| Savings and temporary cash investments | $190,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,901 |
| 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 | $39,543 |
| Net Land, buildings, and equipment | $18,631,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,022 |
| Total assets | $20,893,209 |
| Accounts payable and accrued expenses | $174,797 |
| 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 | $19,064,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,288 |
| Total liabilities | $19,240,883 |
| Net assets without donor restrictions | $1,652,326 |
| 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 | $20,893,209 |