Oakwood School
- Assets
- $7.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 116
- Location
- Greenville, NC
- Founding
- 09/1997
- Data as of
- 06/2023
- EIN
- 56-1938898
Organization Overview
Oakwood School is located in Greenville, NC. The organization was established in 1997. 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 06/2023, Oakwood School employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakwood 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, Oakwood School generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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 OAKWOOD SCHOOL SEEKS TO INSTILL IN OUR STUDENTS THE STRENGTH OF CHARACTER, THE CREATIVITY, AND THE WISDOM TO MAKE A DIFFERENCE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OAKWOOD SCHOOL HAS BEEN CONSISTENTLY RECOGNIZED AS A LEADING EDUCATIONAL INSTITUTION IN THE REGION FOR THE PAST THREE YEARS, BOTH AMONG PUBLIC AND PRIVATE SCHOOLS. IT BOASTS A DIVERSE STUDENT BODY CONSISTING OF MORE THAN 20 NATIONALITIES AND MAINTAINS A HIGHLY COMPETITIVE ATHLETIC PROGRAM WITH 25 TEAMS. ADDITIONALLY, THE SCHOOL OFFERS COMPREHENSIVE STEAM COURSES FOR STUDENTS FROM PRE-KINDERGARTEN TO GRADE 12, FACILITATED BY A LOW STUDENT-TO-TEACHER RATIO OF 8:1. THE SCHOOL ALSO HAS A STRONG FINE ARTS PROGRAM AND A 1:1 CONNECTED CAMPUS, PROVIDING STUDENTS WITH SEAMLESS ACCESS TO TECHNOLOGY. ABOVE ALL, THE OAKWOOD SCHOOL PROVIDES ITS STUDENTS WITH UNPARALLELED COLLEGE READINESS, ENSURING 100% PREPARATION FOR ADMISSION AND ACCEPTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Quesnel Head Of School | Officer | 40 | $171,041 |
Sangita Tewari Trustee | Trustee | 4 | $0 |
Sue Ann Forrest Trustee | Trustee | 4 | $0 |
Sterling Edmonds Trustee | Trustee | 4 | $0 |
Jennifer Youngs Trustee | Trustee | 4 | $0 |
Jeff Longshore President | OfficerTrustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $121,544 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,109 |
| Total Program Service Revenue | $4,349,380 |
| Investment income | $131,099 |
| 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 | $4,941,807 |
| 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. | $194,322 |
| Compensation of current officers, directors, key employees. | $38,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,432,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $362,599 |
| Payroll taxes | $187,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $190,834 |
| Advertising and promotion | $30,351 |
| Office expenses | $34,396 |
| Information technology | $94,836 |
| Royalties | $0 |
| Occupancy | $256,207 |
| Travel | $558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,756 |
| Interest | $73,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,195 |
| Insurance | $57,239 |
| All other expenses | $20,561 |
| Total functional expenses | $4,721,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,547,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $92,000 |
| 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 | $81,289 |
| Net Land, buildings, and equipment | $4,171,529 |
| Investments—publicly traded securities | $1,328,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,323 |
| Total assets | $7,300,029 |
| Accounts payable and accrued expenses | $141,117 |
| Grants payable | $0 |
| Deferred revenue | $560,616 |
| 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 | $2,564,079 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,265,812 |
| Net assets without donor restrictions | $2,648,823 |
| Net assets with donor restrictions | $1,385,394 |
| 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 | $7,300,029 |