Civic Intelligence

Oak City Academy

990 • Fiscal year 2018 • EIN 32-0287816

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 10, 2018

Organization ProfileWWW.OAKCITYACADEMY.ORG
5029 Glen Creek TrailGarner, NC 27529

(919) 815-7742

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.09x

Higher debt load relative to assets than 81% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.01x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Net Margin

48th percentile

3.7%

Higher net margin than 48% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Top Officer Pay

97th percentile

$63,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Asset Growth

86th percentile

53%

Faster asset growth than 86% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

6.0%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$71,825

Up $24,779 (+53%) from 2017

Net Assets

Up

$65,471

Up $18,425 (+39%) from 2017

Liabilities

Up

$6,354

Up $6,354 from 2017

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin48th percentile

Revenue

Up

$499,353

Up $28,099 (+6.0%) from 2017

Expenses

Up

$480,928

Up $6,834 (+1.4%) from 2017

Net Income

Up

$18,425

Up $21,265 (+749%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2017: $47,046Liabilities 2017: $0Net Assets 2017: $47,0462017Assets 2018: $71,825Liabilities 2018: $6,354Net Assets 2018: $65,4712018Assets 2019: $204,078Liabilities 2019: $439Net Assets 2019: $203,6392019Assets 2020: $650,282Liabilities 2020: $2,059Net Assets 2020: $648,2232020Assets 2021: $1,369,204Liabilities 2021: $306,650Net Assets 2021: $1,062,5542021Assets 2022: $1,535,901Liabilities 2022: $323,617Net Assets 2022: $1,212,2842022Assets 2023: $2,888,330Liabilities 2023: $1,589,566Net Assets 2023: $1,298,7642023Assets 2024: $4,611,636Liabilities 2024: $3,377,855Net Assets 2024: $1,233,7812024Assets 2025: $4,727,600Liabilities 2025: $3,415,739Net Assets 2025: $1,311,8612025

Highlighted filing

2018

Assets$71,825
Liabilities$6,354
Net Assets$65,471
Open 2018 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $471,254Expenses 2017: $474,094Net Income 2017: -$2,8402017Revenue 2018: $499,353Expenses 2018: $480,928Net Income 2018: $18,4252018Revenue 2019: $776,178Expenses 2019: $638,010Net Income 2019: $138,1682019Revenue 2020: $1,318,734Expenses 2020: $874,150Net Income 2020: $444,5842020Revenue 2021: $1,446,211Expenses 2021: $1,031,880Net Income 2021: $414,3312021Revenue 2022: $1,431,170Expenses 2022: $1,281,440Net Income 2022: $149,7302022Revenue 2023: $1,418,981Expenses 2023: $1,332,501Net Income 2023: $86,4802023Revenue 2024: $1,718,770Expenses 2024: $1,783,753Net Income 2024: -$64,9832024Revenue 2025: $2,511,052Expenses 2025: $2,435,002Net Income 2025: $76,0502025

Highlighted filing

2018

Revenue$499,353
Expenses$480,928
Net Income$18,425
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 10, 2018
Return Version
2017v2.3
Gross Receipts
$499,353
Mission and Program Overview

Mission

To provide a classical, christian education for the urban community for grades pre-k through 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$44,145$69,552▲ $25,407
Land, Buildings, and Equipment, Net$2,901$2,273▼ $628
Total Assets$47,046$71,825▲ $24,779
Liabilities
Deferred Revenue-$6,354-
Total Liabilities$0$6,354▲ $6,354
Net Assets / Fund Balance
Unrestricted Net Assets$47,046$65,471▲ $18,425
Total Net Assets Fund Balance$47,046$65,471▲ $18,425
Total Liabilities and Net Assets / Fund Balance$47,046$71,825▲ $24,779

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,273$1,677$3,950
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danny BreedHeadmaster/dFT$60,000$3,000$63,000

Board Members and Trustees

NameTitle
Betty LivermanDirector
Clarissa FlemmingDirector
Daniel AlexanderDirector
Gadi RwayitareDirector
Jonathan HornadayDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$128,697
Program Service Revenue
$370,656
Investment Income
$0
Other Revenue
$0
All Other Contributions
$128,697
Change in Net Assets
$18,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$346,754
Other Expenses$134,174
Total Fundraising Expense$47,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$247,879$10,328-$258,207
Occupancy$68,089$8,511$8,511$85,111
Current Officers, Directors, Trustees, and Key Employees$15,750$15,750$31,500$63,000
Payroll Taxes$19,671$3,321$2,555$25,547
Office Expenses$11,216$1,583$396$13,195
Advertising$1,574-$4,722$6,296
Fees for Services Other$3,520--$3,520
Information Technology$3,052--$3,052
Other Expenses$938$1,821-$2,759
All Other Expenses$926$1,796-$2,722
Insurance$1,913$293-$2,206
Fees for Services Accounting-$1,200-$1,200
Depreciation Depletion$628--$628
Total Functional Expenses$388,641$44,603$47,684$480,928
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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

Form 990, Page 6, Part VI, Line 11B

“The form 990 is provided to the headmaster to review prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Oak city academy requires its board of directors to review and disclose any conflicts of interest annually. The policy is consistently monitored and enforced.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of the headmaster is evaluated annually by the board of directors and is based on performance measures as well as comparability to other organizatins.”

Form 990, Page 6, Part VI, Line 19

“Oak city academy makes its governing documents and conflict of interest policy available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Oak City Academy
EIN
32-0287816
Phone
9198157742
Address
5029 GLEN CREEK TRAIL, GARNER, NC 27529

Signing Officer

Name
Danny Breed
Title
Headmaster/director
Phone
9198157742
Signed
2018-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danny Breed
Formed
2009
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
20
Volunteers
45

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
Raw XML Appendix343 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0OAK CITY ACADEMY HAS PUBLICIZED ITS RACIAL NONDISCRIMINATION POLICY DURING PERIODS OF SOLICITATION AND REGISTRATION SO THAT THE POLICY IS KNOWN TO THE GENERAL COMMUNITY THE SCHOOL SERVES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE HEADMASTER TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OAK CITY ACADEMY REQUIRES ITS BOARD OF DIRECTORS TO REVIEW AND DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. THE POLICY IS CONSISTENTLY MONITORED AND ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE HEADMASTER IS EVALUATED ANNUALLY BY THE BOARD OF DIRECTORS AND IS BASED ON PERFORMANCE MEASURES AS WELL AS COMPARABILITY TO OTHER ORGANIZATINS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OAK CITY ACADEMY MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalLiabilitiesGrp/EOYAmt06354
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt047046
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt065471
IRS990/TotalOtherCompensationAmt03000
IRS990/TotalProgramServiceExpensesAmt0388641
IRS990/TotalProgramServiceRevenueAmt0370656
IRS990/TotalReportableCompFromOrgAmt060000
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0499353
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071825
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt047046
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IRS990/USAddress/AddressLine1Txt0712 S EAST STREET
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ReturnHeader/BusinessOfficerGrp/PhoneNum09198157742
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-10
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ReturnHeader/Filer/PhoneNum09198157742
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:23:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561053187
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 OBERLIN RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
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ReturnHeader/PreparerPersonGrp/PhoneNum09198215482
ReturnHeader/PreparerPersonGrp/PreparationDt02018-12-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN GLENDENNING
ReturnHeader/ReturnTs02018-12-17T09:23:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,825
Liabilities
$6,354
Net assets
$65,471
Revenue
$499,353
Expenses
$480,928
Net income
$18,425
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.73$3.42$1.31$2.51$2.44$0.08
2024Detailed filing. Detailed filing data is available for this year.$4.61$3.38$1.23$1.72$1.78$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.89$1.59$1.30$1.42$1.33$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.32$1.21$1.43$1.28$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.37$0.31$1.06$1.45$1.03$0.41
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$1.32$0.87$0.44
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.78$0.64$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.07$0.50$0.48$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.47$0.47$0.00