Great Oaks Academy
- Assets
- $1.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Farmington, MN
- Founding
- 10/2019
- Data as of
- 06/2022
- EIN
- 83-2334904
Organization Overview
Great Oaks Academy is located in Farmington, MN. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Great Oaks Academy employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great 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 06/2022, Great Oaks Academy generated $2.4m in total revenue. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 152.6% 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
CULTIVATING THE MINDS AND HEARTS OF OUR STUDENTS THROUGH A CLASSICAL, LIBERAL ARTS EDUCATION, WITH INSTRUCTION THAT IS RIGOROUS, LITERATURE-RICH, WONDROUS, AND VIRTUOUS IN A DISCIPLINED AND ENGAGING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT OAKS ACADEMY IS A CLASSICAL EDUCATION CHARTER SCHOOL SERVING STUDENTS K-4. WE SERVED 189 STUDENTS IN THIS FISCAL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mcglynn Executive Director | Officer | 41 | $70,989 |
Heith Wetzler Board Chair/teacher | OfficerTrustee | 41 | $58,424 |
Eileen Halligan Member/teacher | Trustee | 41 | $44,494 |
Brieana Smith Treasurer | OfficerTrustee | 1 | $0 |
Dr Eric Rice Vice Chair | OfficerTrustee | 1 | $0 |
Zac Holm Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,345,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,405,639 |
| Total Program Service Revenue | $7,092 |
| 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 | $2,413,143 |
| 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. | $194,026 |
| Compensation of current officers, directors, key employees. | $89,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $653,916 |
| Pension plan accruals and contributions | $51,799 |
| Other employee benefits | $40,807 |
| Payroll taxes | $61,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,500 |
| Fees for services: Accounting | $40,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,505 |
| Advertising and promotion | $0 |
| Office expenses | $39,737 |
| Information technology | $73,998 |
| Royalties | $0 |
| Occupancy | $253,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,731 |
| Interest | $2,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,278 |
| Insurance | $9,487 |
| All other expenses | $22,262 |
| Total functional expenses | $1,906,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,583 |
| 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 | $9,293 |
| Net Land, buildings, and equipment | $248,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $243,088 |
| Total assets | $1,220,107 |
| Accounts payable and accrued expenses | $161,967 |
| Grants payable | $0 |
| Deferred revenue | $8,143 |
| 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 | $215,923 |
| Other liabilities | $551,642 |
| Total liabilities | $937,675 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $249,699 |
| Paid-in or capital surplus, or land, building, or equipment fund | $32,733 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,220,107 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Great Oaks Academy has recieved totaling $20,049.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $20,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |
Prairie Seeds Academy Brooklyn Park, MN | $11,928,237 | $14,361,129 |
Kipp Minnesota Minneapolis, MN | $9,470,276 | $14,681,951 |
Prodeo Academy Columbia Heights, MN | $7,923,634 | $13,232,357 |