Great Oaks Charter School
- Assets
- $1.3m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 75
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 06/2023
- EIN
- 46-1603037
Organization Overview
Great Oaks Charter School is located in New York, NY. 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 06/2023, Great Oaks Charter School employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Oaks Charter School 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 06/2023, Great Oaks Charter School generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $9.7m during the year ending 06/2023. While expenses have increased by 11.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GREAT OAKS CHARTER SCHOOLS IS TO MOLD STUDENTS WHO WILL SHAPE THE WORLD, NOT BE DEFINED BY IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: GO-NYC IS A PUBLIC CHARTER SCHOOL SERVING MIDDLE AND HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Mustokoff Akselrad Chair | OfficerTrustee | 10 | $0 |
Joseph Mcdonald Vice Chair | OfficerTrustee | 5 | $0 |
Howard Wang Treasurer - Resigned During Year | OfficerTrustee | 5 | $0 |
Michael Duffy Board Member | Trustee | 1 | $0 |
Anand Bhatia Board Member | Trustee | 1 | $0 |
Molly Greer Gurny Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Great Oaks Foundation Inc Management And Admin | 6/29/23 | $669,324 |
Our Lady Of Pompeii Parish Rent | 6/29/23 | $191,925 |
Yang Tze River Realty Corp Rent | 6/29/23 | $1,430,488 |
Ceba Maintenance Service Corp Janitorial Services | 6/29/23 | $168,452 |
Acs International Resources Inc It Services | 6/29/23 | $143,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,411,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,545 |
| Noncash contributions included in lines 1a–1f | $23,929 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,626,930 |
| Total Program Service Revenue | $7,860,768 |
| Investment income | $15 |
| 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 | $9,487,713 |
| 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. | $219,292 |
| Compensation of current officers, directors, key employees. | $21,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,538,434 |
| Pension plan accruals and contributions | $11,140 |
| Other employee benefits | $445,906 |
| Payroll taxes | $380,317 |
| Fees for services: Management | $421,597 |
| Fees for services: Legal | $16,505 |
| Fees for services: Accounting | $24,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $349,152 |
| Advertising and promotion | $52,052 |
| Office expenses | $91,461 |
| Information technology | $173,233 |
| Royalties | $0 |
| Occupancy | $2,268,044 |
| 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 | $111,439 |
| Insurance | $88,685 |
| All other expenses | $8,040 |
| Total functional expenses | $9,705,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $445,685 |
| 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 | $21,375 |
| Net Land, buildings, and equipment | $165,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $595,592 |
| Total assets | $1,309,661 |
| Accounts payable and accrued expenses | $516,353 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $114,625 |
| Total liabilities | $830,978 |
| Net assets without donor restrictions | $478,683 |
| 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 | $1,309,661 |