Living Oaks Academy
- Assets
- $80.0k
- Revenue
- $213.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Moncks Corner, SC
- Founding
- 10/2019
- Data as of
- 07/2022
- EIN
- 83-2323853
Organization Overview
Living Oaks Academy is located in Moncks Corner, SC. The organization was established in 2019. 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 07/2022, Living Oaks Academy employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Oaks Academy 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 07/2022, Living Oaks Academy generated $213.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $217.4k during the year ending 07/2022. While expenses have increased by 23.1% per year over the past 3 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
SCHOOL FOUNDED ON RELIGIOUS PRINCIPLES. EDUCATING STUDENTS WITH A LOVE AND RESPECT FOR GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASED ENROLLMENT OF STUDENTS WITH AN ACCREDITATED CURRICULUM BASED ON CHRISTIAN PRINCIPALS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kelly Chairman | Officer | 40 | $20,000 |
Lorrie Ferguson Vice Chairman | Officer | 40 | $20,000 |
Scott Kinney Director | Officer | 5 | $0 |
Christine Turner Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,259 |
| Total Program Service Revenue | $166,343 |
| 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 | $213,602 |
| 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. | $40,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $948 |
| Office expenses | $6,328 |
| Information technology | $1,167 |
| Royalties | $0 |
| Occupancy | $42,343 |
| 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 | $4,941 |
| Insurance | $5,636 |
| All other expenses | $45,390 |
| Total functional expenses | $217,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,150 |
| 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 | $15,000 |
| Net Land, buildings, and equipment | $13,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,019 |
| Accounts payable and accrued expenses | $9,263 |
| Grants payable | $0 |
| Deferred revenue | $36,405 |
| 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 | $45,668 |
| Net assets without donor restrictions | $34,351 |
| 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 | $80,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |
Riverside Military Academy Inc Gainesville, GA | $79,257,666 | $23,072,082 |
Asheville School Incorporated Asheville, NC | $109,072,100 | $30,624,972 |
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Southside Christian School Upstate Simpsonville, SC | $26,226,649 | $22,389,092 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |