Seven Oaks Classical School
- Assets
- $12.8m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 91
- Location
- Ellettsville, IN
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-3846239
Organization Overview
Seven Oaks Classical School is located in Ellettsville, IN. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Seven Oaks Classical School employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Oaks Classical 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 06/2022, Seven Oaks Classical School generated $4.5m in total revenue. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 250.2% per year over the past 6 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 MISSION OF SEVEN OAKS CLASSICAL SCHOOL IS TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A RIGOROUS CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL, WHICH PROVIDED EDUCATIONAL INSTRUCTION TO APPROXIMATELY 400 STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stephen Shipp Headmaster | Officer | 40 | $92,873 |
Scott Reynolds Business Manager | Officer | 40 | $73,876 |
Brian Anderson From 0822 Treasurer | OfficerTrustee | 5 | $0 |
Matt Wolf President | OfficerTrustee | 5 | $0 |
Ian Hall Thru 822 Treasurer | OfficerTrustee | 5 | $0 |
Jazzmin Vegeler Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,347,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,388,779 |
| Total Program Service Revenue | $88,426 |
| Investment income | $316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,516 |
| 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 | $4,541,324 |
| 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. | $182,975 |
| Compensation of current officers, directors, key employees. | $49,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,348,217 |
| Pension plan accruals and contributions | $108,737 |
| Other employee benefits | $156,469 |
| Payroll taxes | $192,023 |
| Fees for services: Management | $82,127 |
| Fees for services: Legal | $4,006 |
| Fees for services: Accounting | $16,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,153 |
| Advertising and promotion | $780 |
| Office expenses | $300,095 |
| Information technology | $62,348 |
| Royalties | $0 |
| Occupancy | $190,606 |
| Travel | $1,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,625 |
| Insurance | $32,573 |
| All other expenses | $0 |
| Total functional expenses | $4,067,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,422,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,840,762 |
| Total assets | $12,814,197 |
| Accounts payable and accrued expenses | $338,657 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,041,907 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $134,858 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,015,919 |
| Total liabilities | $11,531,341 |
| Net assets without donor restrictions | $1,282,856 |
| 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 | $12,814,197 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seven Oaks Classical School has recieved totaling $509.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $509 |
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|---|---|---|
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Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |