Oakwood School
- Assets
- $7.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 123
- Location
- Greenville, NC
- Founding
- 09/1997
- Data as of
- 06/2021
- 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 06/2021, Oakwood School employed 123 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 06/2021, Oakwood School generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AT THE OAKWOOD SCHOOL, WE CHALLENGE YOUNG MINDS IN GRADES PK3 TO 12. WE TEACH CHILDREN HOW TO LEARN RATHER THAN JUST WHAT TO LEARN. THIS APPROACH NOT ONLY PREPARES STUDENTS FOR A VIBRANT ACADEMIC FUTURE, IT VASTLY INCREASES THEIR ABILITY TO STAND TALL AMONG THEIR PEERS AND SEIZE OPPORTUNITIES IN COLLEGE AND BEYOND THAT WILL PROVE CRITICAL TO THEIR SUCCESS IN LIFE. SINCE 1996, WE SEEK 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 IS RATED A TOP SCHOOL (PUBLIC AND PRIVATE) IN THE AREA, HAS 25 COMPETITIVE ATHLETIC TEAMS, STEAM COURSES IN GRADES PK3-12, 8:1 STUDENT RATIO, 20+ NATIONALITIES REPRESENTED BY THE STUDENT BODY, STRONG FINE ARTS PROGRAM, 1:1 CONNECTED CAMPUS AND 100% PREPARATION FOR COLLEGE ADMISSION AND ACCEPTANCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Quesnel Head Of School | OfficerTrustee | 40 | $166,264 |
Sangita Tewari Treasurer | OfficerTrustee | 2 | $0 |
Brandon Tate Trustee | OfficerTrustee | 2 | $0 |
Ira Adler Vice President | OfficerTrustee | 2 | $0 |
Ogugua Obi President | OfficerTrustee | 2 | $0 |
Allan Mitchell Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $283,111 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,046 |
| Total Program Service Revenue | $3,468,983 |
| Investment income | $30,056 |
| 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 | $4,484,955 |
| 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. | $188,164 |
| Compensation of current officers, directors, key employees. | $37,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,229,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $364,984 |
| Payroll taxes | $171,768 |
| 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 | $168,930 |
| Advertising and promotion | $31,917 |
| Office expenses | $36,111 |
| Information technology | $116,307 |
| Royalties | $0 |
| Occupancy | $205,645 |
| Travel | $499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,750 |
| Interest | $90,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,355 |
| Insurance | $31,480 |
| All other expenses | $24,948 |
| Total functional expenses | $4,231,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,049,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $629,000 |
| 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 | $15,579 |
| Net Land, buildings, and equipment | $4,376,831 |
| Investments—publicly traded securities | $940,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,173 |
| Total assets | $7,067,474 |
| Accounts payable and accrued expenses | $81,259 |
| Grants payable | $0 |
| Deferred revenue | $464,415 |
| 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 | $2,794,359 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $514,600 |
| Total liabilities | $3,854,633 |
| Net assets without donor restrictions | $1,883,155 |
| Net assets with donor restrictions | $1,329,686 |
| 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 | $7,067,474 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Oakwood School has recieved totaling $407,844.
| Awarding Organization | Amount |
|---|---|
Bill And Agnes Monk Family Foundation Greenville, NC PURPOSE: MONK FAMILY SCHOLARS/GENERAL FD | $218,500 |
The@angelo Family Charitable Foundation New York, NY PURPOSE: FOR OPERATIONS | $125,000 |
Bates Family Foundation Tacoma, WA PURPOSE: PAYMENT FOR THE BENEFIT OF THE ORGANIZATION | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,550 |
Southern Bank Foundation Mount Olive, NC PURPOSE: DONATION | $10,000 |
Horizons National Student Enrichment Program Inc Westport, CT PURPOSE: SUPPORT FOR SUMMER AND ENRICHMENT PROGRAM. | $7,577 |
Endowment Analysis
| Beg. Balance | $356,379 |
| Earnings | $13,559 |
| Admin Expense | $2,524 |
| Net Contributions | $175,530 |
| Ending Balance | $542,944 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |