Oakbrook Preparatory School
- Assets
- $8.7m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 142
- Location
- Spartanburg, SC
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 57-0921126
Organization Overview
Oakbrook Preparatory School is located in Spartanburg, SC. The organization was established in 1992. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Oakbrook Preparatory School employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakbrook Preparatory 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, Oakbrook Preparatory School generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 6.3% 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
BUILT ON A FOUNDATION OF CHRISTIAN FAITH OAKBROOK PREPARATORY SCHOOL EDUCATES STUDENTS TO BE INDEPENDENT LEARNERS IN A CHANGING WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAKBROOK PREPARATORY SCHOOL PROVIDES A FAITH-BASED, LIBERAL ARTS EDUCATION TO CHILDREN ENROLLED IN GRADES PRE-K THROUGH TWELVE. THE SCHOOL SERVES APPROX 450 STUDENTS AND PROVIDES A FULL RANGE OF CURRI- CULAR AND CO-CURRICULAR PROGRAMS. OAKBROOK IS AN ACCREDITED THROUGH ADVANCEED (NOW COGNIA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff Haas Board Chair | OfficerTrustee | 2 | $0 |
Cameron Fant Treasurer | OfficerTrustee | 2 | $0 |
Brent Babb Secretary | OfficerTrustee | 2 | $0 |
Kyle Boyles Head Of School | Officer | 50 | $0 |
Lisa Armbruster Board Member | Trustee | 2 | $0 |
Mike Kirkland Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,595 |
| Related organizations | $0 |
| Government grants | $412,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $722,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,136,895 |
| Total Program Service Revenue | $4,668,812 |
| 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 | $5,805,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $629,687 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,606 |
| Compensation of current officers, directors, key employees. | $52,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,510,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,098 |
| Payroll taxes | $194,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,139 |
| Advertising and promotion | $0 |
| Office expenses | $4,624 |
| Information technology | $35,517 |
| Royalties | $0 |
| Occupancy | $199,943 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,409 |
| Insurance | $71,643 |
| All other expenses | $8,960 |
| Total functional expenses | $5,509,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,973 |
| 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 | $11,765 |
| Net Land, buildings, and equipment | $7,168,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $412,393 |
| Total assets | $8,729,986 |
| Accounts payable and accrued expenses | $74,462 |
| Grants payable | $0 |
| Deferred revenue | $472,325 |
| 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 | $3,156,846 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,703,633 |
| Net assets without donor restrictions | $4,900,032 |
| Net assets with donor restrictions | $126,321 |
| 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 | $8,729,986 |