Civic Intelligence

Oaks Christian Academy

EIN 30-1022490 • 501(c)3 • Amarillo, TX

Pub. 78 Eligible

Profile

The mission of the organization is to glorify God as we strengthen the work of families in their education of their children as a Classical, Christian, University-Model School.

4902 Lexington Sq Ste 100Amarillo, TX 79119

theoaks.academy

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.26x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.15x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

24th percentile

-9.9%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-18%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2023

Revenue Growth

80th percentile

38%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2023

Assets

Down

$23,895

Down $82,100 (-77%) from 2023

Liabilities

Up

$166,225

Up $32,494 (+24%) from 2023

Net Assets

Down

-$142,330

Down $114,594 (-413%) from 2023

Revenue

Up

$1,009,568

Up $145,994 (+17%) from 2023

Expenses

Up

$1,042,418

Up $93,255 (+9.8%) from 2023

Net Income

Up

-$32,850

Up $52,739 (+62%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$100K$0-$100K-$200KAssets 2021: $155,824Liabilities 2021: $71,385Net Assets 2021: $84,4392021Assets 2022: $165,636Liabilities 2022: $60,654Net Assets 2022: $104,9822022Assets 2023: $105,995Liabilities 2023: $133,731Net Assets 2023: -$27,7362023Assets 2024: $23,895Liabilities 2024: $166,225Net Assets 2024: -$142,3302024

Highlighted filing

2024

Assets$23,895
Liabilities$166,225
Net Assets-$142,330

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2021: $451,023Expenses 2021: $438,459Net Income 2021: $12,5642021Revenue 2022: $668,990Expenses 2022: $622,998Net Income 2022: $45,9922022Revenue 2023: $863,574Expenses 2023: $949,163Net Income 2023: -$85,5892023Revenue 2024: $1,009,568Expenses 2024: $1,042,418Net Income 2024: -$32,8502024

Highlighted filing

2024

Revenue$1,009,568
Expenses$1,042,418
Net Income-$32,850

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,009,568
Mission and Program Overview

Mission

The mission of the organization is to glorify God as we strengthen the work of families in their education of their children as a Classical, Christian, University-Model School.

Classical, Christian, Collaborative School

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$117,700$117,700→ $0
Loans From Officers Directors$65,000$65,000→ $0
Accounts Receivable$13,317$9,732▼ $3,585
Prepaid Expenses and Deferred Charges$1,930$2,255▲ $325
Pledges and Grants Receivable-$0-
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-27,107$-111,161▼ $84,054
Total Assets$105,995$23,895▼ $82,100
Other Assets Total$155$5,369▲ $5,214
Liabilities
Other Liabilities$32,681$59,476▲ $26,795
Deferred Revenue$36,050$41,749▲ $5,699
Total Liabilities$133,731$166,225▲ $32,494
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$2,367-
Net Assets Without Donor Restrictions$-27,736$-144,698▼ $116,962
Total Net Assets Fund Balance$-27,736$-142,331▼ $114,595
Total Liabilities and Net Assets / Fund Balance$105,995$23,894▼ $82,101

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$117,700--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Heidi HickmanPresident & Executive DirectorPT$23,750$23,750
Lora TaylorDirectorPT$16,547$16,547

Board Members and Trustees

NameTitle
J Brad HickmanDirector & Chairman
Drake TaylorDirector
Heather HughesDirector
Robert AlexanderDirector
Seth SolomonDirector
Lindsay SolomonDirector & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$154,780
Program Service Revenue
$854,788
Investment Income
$0
Other Revenue
$0
All Other Contributions
$154,780
Change in Net Assets
$-32,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,005,238
Other Expenses$37,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$895,925--$895,925
Payroll Taxes$69,016--$69,016
Current Officers, Directors, Trustees, and Key Employees$40,297--$40,297
Other Expenses$2,907$0$0$2,907
Fees for Services Other$470--$470
Advertising$339--$339
Total Functional Expenses$1,042,418$0$0$1,042,418
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$65,000$65,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11B

The Form 990 is distributed and reviewed by the Board of Directors prior to signing by the President of the Board and filing with the IRS.

Part VI, Line 12C

The organization requires board members to annually evaluate and affirm their compliance with the conflict of interest policy.

Part VI, Line 19

The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the Organization's office at 4902 Lexington Sq. Ste 100, Amarillo, Texas 79119.

Part VI, Line 2

Heidi Hickman is a voting member of the Board and the Executive Director of the organization. As Executive Director, she is compensated for her services. Her husband, J. Brad Hickman, is a voting member of the Board. In matters involving the hiring or compensation of the Executive Director, both Mrs. Hickman and Mr. Hickman abstain from any discussion or voting on such matters. Further, President (Heidi Hickman) and Vice President (J. Brad Hickman) are married. Directors Seth and Lindsay Solomon are married.

Part VI, Line 7A

Directors have the power to elect other directors of the organization.

Part VI, Line 9

Heidi Hickman - Director & President: 7801 Continental Pkwy, Amarillo, TX 79119; J. Brad Hickman - Director & Vice President: 7801 Continental Pkwy, Amarillo, TX 79119; Seth Solomon - Director: 7801 Stuyvesant, Amarillo, TX 79121; Lindsay Solomon - Director: 7801 Stuyvesant, Amarillo, TX 79121; Drake Taylor - Director & Secretary: 7801 Underwood Dr, Amarillo, TX 79121; Robert Alexander - Director: 101 Jynteewood Dr, Canyon, TX 79015; Heather Hughes - Director: PO Box 1041, Canyon, TX 79015

Filing and Contact Details

Filer

Filer Name
Oaks Christian Academy
EIN
30-1022490
Address
4902 Lexington Sq Ste 100, AMARILLO, TX 79119

Signing Officer

Name
Heidi Hickman
Title
President
Signed
2024-11-15

Organization Details

Principal Officer
Heidi Hickman
Formed
2018
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
6
Employees
75
Volunteers
12
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt065000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt065000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Seth Solomon
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt065000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is distributed and reviewed by the Board of Directors prior to signing by the President of the Board and filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization requires board members to annually evaluate and affirm their compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the Organization's office at 4902 Lexington Sq. Ste 100, Amarillo, Texas 79119.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Heidi Hickman is a voting member of the Board and the Executive Director of the organization. As Executive Director, she is compensated for her services. Her husband, J. Brad Hickman, is a voting member of the Board. In matters involving the hiring or compensation of the Executive Director, both Mrs. Hickman and Mr. Hickman abstain from any discussion or voting on such matters. Further, President (Heidi Hickman) and Vice President (J. Brad Hickman) are married. Directors Seth and Lindsay Solomon are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Directors have the power to elect other directors of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Heidi Hickman - Director & President: 7801 Continental Pkwy, Amarillo, TX 79119; J. Brad Hickman - Director & Vice President: 7801 Continental Pkwy, Amarillo, TX 79119; Seth Solomon - Director: 7801 Stuyvesant, Amarillo, TX 79121; Lindsay Solomon - Director: 7801 Stuyvesant, Amarillo, TX 79121; Drake Taylor - Director & Secretary: 7801 Underwood Dr, Amarillo, TX 79121; Robert Alexander - Director: 101 Jynteewood Dr, Canyon, TX 79015; Heather Hughes - Director: PO Box 1041, Canyon, TX 79015
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI, Line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0105995
IRS990/TotalAssetsEOYAmt023895
IRS990/TotalAssetsGrp/BOYAmt0105995
IRS990/TotalAssetsGrp/EOYAmt023895
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0154780
IRS990/TotalEmployeeCnt075
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01042418
IRS990/TotalFunctionalExpensesGrp/TotalAmt01042418
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0133731
IRS990/TotalLiabilitiesEOYAmt0166225
IRS990/TotalLiabilitiesGrp/BOYAmt0133731
IRS990/TotalLiabilitiesGrp/EOYAmt0166225
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-27736
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-142331
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0111135384
IRS990/TotalProgramServiceRevenueAmt0854788
IRS990/TotalReportableCompFromOrgAmt040297
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0854788
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01009568
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0105995
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023894
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04902 Lexington Sq Ste 100
IRS990/USAddress/CityNm0Amarillo
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079119
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0theoaks.academy
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Heidi Hickman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OAKS CHRISTIAN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0OAKS
ReturnHeader/Filer/EIN0301022490
ReturnHeader/Filer/USAddress/AddressLine1Txt04902 Lexington Sq Ste 100
ReturnHeader/Filer/USAddress/CityNm0AMARILLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX

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