Oaktree Academy Inc
- Assets
- $631.5k
- Revenue
- $978.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ludington, MI
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 46-5611781
Organization Overview
Oaktree Academy Inc is located in Ludington, MI. The organization was established in 2014. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaktree 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 06/2021, Oaktree Academy Inc generated $978.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $799.6k during the year ending 06/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OAKTREE ACADEMYS PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATIONAL PURPOSES AND TO ORGANIZE AND OPERATE A DAY CARE CENTER IN LUDINGTON, MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WHOLE FAMILY SUCCESS THROUGH HIGH QUALITY CHILD CARE SERVICES IN ENRICHING ENVIRONMENTS WHERE CHILDREN GROW INTO LIFELONG LERNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wilson President | Officer | 0 | $0 |
Lynne Russell Treasurersecretary | Officer | 0 | $0 |
Lisa Cooper Exec Directorsec | Officer | 0 | $0 |
Anita Wilson Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,423 |
| Total Program Service Revenue | $906,258 |
| Investment income | $283 |
| 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 | $977,964 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,827 |
| Payroll taxes | $0 |
| Fees for services: Management | $59,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $890 |
| Office expenses | $0 |
| Information technology | $2,942 |
| Royalties | $0 |
| Occupancy | $38,280 |
| 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 | $13,587 |
| Insurance | $6,506 |
| All other expenses | $10,887 |
| Total functional expenses | $799,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,121 |
| 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 | $286,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $631,471 |
| Accounts payable and accrued expenses | $119,592 |
| 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 | $119,592 |
| Net assets without donor restrictions | $511,879 |
| 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 | $631,471 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Oaktree Academy Inc has recieved totaling $448,011.
| Awarding Organization | Amount |
|---|---|
Muskegon County Community Foundation Muskegon, MI PURPOSE: SUPPORT FOR ROOF REPLACEMENT | $224,000 |
Pennies From Heaven Foundation Muskegon, MI PURPOSE: SUPPORT FOR ROOF REPLACEMENT | $224,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Indiana Inc Indianapolis, IN | $99,366,858 | $103,290,512 |
Miami Valley Child Development Centers Inc Dayton, OH | $11,000,708 | $39,221,090 |
Child Development Council Of Franklin County Columbus, OH | $14,978,695 | $30,319,189 |
Horizon Education Centers North Olmsted, OH | $18,012,561 | $15,661,118 |
Mid-Michigan Child Care Centers Inc Freeland, MI | $1,154,182 | $9,904,930 |
Comprehensive Community Child Care Organization Inc Cincinnati, OH | $5,282,302 | $9,574,418 |
Encompass Early Education And Care Inc Green Bay, WI | $8,419,390 | $8,397,899 |
Tippecanoe County Child Care Inc Lafayette, IN | $4,482,295 | $9,627,858 |
Early Childhood Alliance Inc Fort Wayne, IN | $6,420,930 | $9,413,804 |
St Joseph Academy Inc Milwaukee, WI | $7,083,434 | $6,157,567 |
Potential Development Program Youngstown, OH | $5,230,376 | $7,321,839 |
Wisconsin Youth Company Inc Madison, WI | $3,766,489 | $5,762,746 |