Oak Academies Inc
- Assets
- $6.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-3674259
Organization Overview
Oak Academies Inc is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Academies 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 12/2021, Oak Academies Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 26.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT OTHER AFFILIATED ORGANIZATIONS TO PROMOTE THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE SUPPORTED ORGANIZATION. TO RECEIVE, MANAGE AND DISTRIBUTE CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ACTIVITIES TO ENCOURAGE ENROLLMENT IN EDUCATIONAL ACTIVITIES MEANWHILE MANAGING CONTRIBUTIONS FROM PUBLIC AND PRIVATE SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Valenzuela Manager | 0 | $114,056 | |
Jose Gerardo Cardenas Secretary And Treasurer | OfficerTrustee | 0 | $0 |
Gabriel Ramon Sotres President | OfficerTrustee | 0 | $0 |
Jesus Villagrasa Vice President | OfficerTrustee | 0 | $0 |
Frank Formolo Assistant Secretary | Officer | 0 | $0 |
Michael Brisson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $502,429 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,988 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,417 |
| Total Program Service Revenue | $1,463,020 |
| 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 | $2,184,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,113 |
| Payroll taxes | $11,426 |
| Fees for services: Management | $96,227 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,085 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,936 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,296,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,449,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,551,446 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,057 |
| Total assets | $6,044,019 |
| Accounts payable and accrued expenses | $4,064,447 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,064,447 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,979,572 |
| 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 | $6,044,019 |
Grants Awarded
Over the last fiscal year, Oak Academies Inc has awarded $1,120,027 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Edgerton, WI PURPOSE: TO PROMOTE, SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATION | $551,451 |
Providence, RI PURPOSE: TO PROMOTE, SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS | $322,650 |
THE LEGION OF CHRIST NORTH AMERICA INC PURPOSE: TO PROMOTE, SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATION | $245,926 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oak Academies Inc has recieved totaling $21,600.
| Awarding Organization | Amount |
|---|---|
Omega Charitable Developers Inc Houston, TX PURPOSE: SEE PART IV | $21,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
Naca-Inspired Schools Network Albuquerque, NM | $4,333,179 | $4,644,398 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Texas Association For The Education Of Young Children Austin, TX | $635,523 | $2,896,226 |
Pencil Box Inc Tulsa, OK | $4,507,396 | $4,826,837 |
Rio-South Texas Education And Community Development Fdn Inc Mission, TX | $43,626,836 | $12,367,166 |