Oaks Education Association
- Assets
- $19.1m
- Revenue
- $6.9m
- Investments
- $9.2k
- Employees
- 87
- Location
- Spokane Valley, WA
- Founding
- 01/1997
- Data as of
- 08/2023
- EIN
- 91-1740296
Organization Overview
Oaks Education Association, operating under the name The Oaks - A Classical Christian Academy, is located in Spokane Valley, WA. The organization was established in 1997. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Oaks - A Classical Christian Academy employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaks - A Classical Christian 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 08/2023, Oaks - A Classical Christian Academy generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $3.4m during the year ending 08/2023. While expenses have increased by 6.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRIVATE RELIGIOUS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
367 STUDENTS (K-12) ENROLLED IN THE OAKS CLASSICAL AND CHRISTIAN ACADEMY DURING THE 2022-2023 SCHOOL YEAR
STUDENTS PARTICIPATED IN 7 ATHLETIC PROGRAMS, 8 FIELD TRIPS, 2 SCHOOL PLAYS, AND OTHER ACTIVITIES DURING THE 2022-2023 SCHOOL YEAR
136 STUDENTS ENROLLED IN THE OAKS CONSERVATORY FOR THE CREATIVE AND PERFORMING ARTS DURING THE 2022-2023 SCHOOL YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Smith President | OfficerTrustee | 2.5 | $0 |
Craig Schurter Vice President | Trustee | 2.5 | $0 |
Shawn Vanhorn Former President | OfficerTrustee | 2.5 | $0 |
Merrill Miller Board Member | OfficerTrustee | 2.5 | $0 |
Brian Schultz Secretary | Trustee | 2.5 | $0 |
Charlie Dowers Head Of School | 40 | $115,500 |
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 | $3,274,644 |
| Noncash contributions included in lines 1a–1f | $744,336 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,274,644 |
| Total Program Service Revenue | $3,490,590 |
| Investment income | $101,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,583 |
| Net Gain/Loss on Asset Sales | -$5,751 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,197 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,889,842 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $340,292 |
| Other salaries and wages | $1,757,769 |
| Pension plan accruals and contributions | $30,448 |
| Other employee benefits | $221,292 |
| Payroll taxes | $159,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,285 |
| Advertising and promotion | $41,574 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,866 |
| 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 | $21,275 |
| Insurance | $16,439 |
| All other expenses | $243,725 |
| Total functional expenses | $3,417,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,439 |
| Savings and temporary cash investments | $581,997 |
| Pledges and grants receivable | $995,529 |
| Accounts receivable, net | $10,880 |
| 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 | $88,957 |
| Net Land, buildings, and equipment | $16,820,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $433,402 |
| Total assets | $19,106,613 |
| Accounts payable and accrued expenses | $738,187 |
| Grants payable | $0 |
| Deferred revenue | $678,605 |
| 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 | $7,775,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $427,537 |
| Total liabilities | $9,619,865 |
| Net assets without donor restrictions | $9,477,748 |
| Net assets with donor restrictions | $9,000 |
| 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 | $19,106,613 |