Great Oaks Charter School - Wilmington Inc
- Assets
- $11.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 45
- Location
- Wilmington, DE
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 47-4139743
Organization Overview
Great Oaks Charter School - Wilmington Inc is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Great Oaks Charter School - Wilmington Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Oaks Charter School - Wilmington 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, Great Oaks Charter School - Wilmington Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $8.7m during the year ending 06/2022. While expenses have increased by 15.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE. THE PURPOSE OF THE SCHOOL IS TO GIVE STUDENTS THE KNOWLEDGE AND VALUES REQUIRED TO GRADUATE FROM ACOMPETITIVE FOUR-YEAR COLLEGE BY DELIVERING INDIVIDUALIZED INSTRUCTION, EMPHASIZING CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARE STUDENTS TO SUCCEED IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland Kent Executive Di | 40 | $115,692 | |
Damien Burke Chief Operat | Officer | 40 | $87,938 |
Jim Mazarakis Chair | OfficerTrustee | 1.5 | $0 |
Robert Snowberger Vice Chair | OfficerTrustee | 1.5 | $0 |
Michael Maxwell Board Member | Trustee | 1.5 | $0 |
Rysheema Dixon Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,905,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,929,308 |
| Total Program Service Revenue | $1,686,722 |
| 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 | $6,616,030 |
| 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. | $41,784 |
| Compensation of current officers, directors, key employees. | $4,178 |
| Compensation to disqualified persons | $120,000 |
| Other salaries and wages | $2,759,852 |
| Pension plan accruals and contributions | $545,698 |
| Other employee benefits | $1,523,824 |
| Payroll taxes | $260,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,787 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,237,149 |
| Advertising and promotion | $15,351 |
| Office expenses | $186,731 |
| Information technology | $26,614 |
| Royalties | $0 |
| Occupancy | $1,137,436 |
| Travel | $15,995 |
| 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 | $102,683 |
| Insurance | $41,381 |
| All other expenses | $0 |
| Total functional expenses | $8,689,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $633,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,235 |
| 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 | $6,836,199 |
| Net Land, buildings, and equipment | $141,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,589,852 |
| Other assets | $1,517,455 |
| Total assets | $11,817,518 |
| Accounts payable and accrued expenses | $1,915,842 |
| 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 | $18,851,223 |
| Total liabilities | $20,767,065 |
| Net assets without donor restrictions | $0 |
| 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 | -$8,949,547 |
| Total liabilities and net assets/fund balances | $11,817,518 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Great Oaks Charter School - Wilmington Inc has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Delaware Community Foundation Wilmington, DE PURPOSE: BRIDGE TO A HEALTHIER GREAT OAKS COMMUNITY: BUILDING RELATIONSHIPS IN DELAWARE GROWS EVERYONE | $90,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |
Memphis Street Academy Charter School At J P Jones Philadelphia, PA | $13,241,095 | $11,564,460 |
Grier Foundation Tyrone, PA | $54,103,037 | $10,373,651 |
Yeshiva Of Greater Washington Inc Silver Spring, MD | $4,917,035 | $9,650,764 |
Oldfields School Inc Sparks Glencoe, MD | $26,456,281 | $7,846,599 |
Great Oaks Charter School - Wilmington Inc Wilmington, DE | $11,817,518 | $6,616,030 |