Civic Intelligence

Oak City Academy

990 • Fiscal year 2020 • EIN 32-0287816

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 15, 2020

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

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

58th percentile

$82,700

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

219%

Faster asset growth than 95% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

70%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$650,282

Up $446,204 (+219%) from 2019

Net Assets

Up

$648,223

Up $444,584 (+218%) from 2019

Liabilities

Up

$2,059

Up $1,620 (+369%) from 2019

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin85th percentile

Revenue

Up

$1,318,734

Up $542,556 (+70%) from 2019

Expenses

Up

$874,150

Up $236,140 (+37%) from 2019

Net Income

Up

$444,584

Up $306,416 (+222%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2020

Assets$650,282
Liabilities$2,059
Net Assets$648,223
Open 2020 Filing

Operations Trend

Revenue Growth90th 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

2020

Revenue$1,318,734
Expenses$874,150
Net Income$444,584
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 15, 2020
Return Version
2019v5.0
Gross Receipts
$1,318,734
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$178,610$483,262▲ $304,652
Land, Buildings, and Equipment, Net$25,468$26,427▲ $959
Total Assets$204,078$650,282▲ $446,204
Other Assets Total-$140,593-
Liabilities
Other Liabilities-$1,217-
Deferred Revenue$439$842▲ $403
Total Liabilities$439$2,059▲ $1,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$203,639$648,223▲ $444,584
Total Net Assets Fund Balance$203,639$648,223▲ $444,584
Total Liabilities and Net Assets / Fund Balance$204,078$650,282▲ $446,204

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,205$901$24,106
Equipment$3,222$3,033$6,255
Other Assets Org$140,593--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danny BreedHeadmaster/dFT$80,000$2,700$82,700

Board Members and Trustees

NameTitle
Betty LivermanDirector
Bob TouchtonDirector
Dan RadezDirector
Leslie Logan BrownDirector
Meredith RoseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$426,355
Program Service Revenue
$892,379
Investment Income
$0
Other Revenue
$0
All Other Contributions
$306,855
Change in Net Assets
$444,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$674,517
Other Expenses$199,633
Total Fundraising Expense$60,468
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$520,461$21,686-$542,147
Occupancy$90,295$11,287$11,287$112,869
Current Officers, Directors, Trustees, and Key Employees$20,675$20,675$41,350$82,700
Payroll Taxes$38,246$6,457$4,967$49,670
Office Expenses$13,566$1,914$480$15,960
Fees for Services Other$7,385--$7,385
Information Technology$6,474--$6,474
Conferences and Meetings$6,180--$6,180
Insurance$3,123$785-$3,908
Advertising$794-$2,384$3,178
Other Expenses$2,786$2,016-$2,786
All Other Expenses$1,951--$1,951
Depreciation Depletion$1,346--$1,346
Fees for Services Accounting-$975-$975
Total Functional Expenses$743,131$70,551$60,468$874,150
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$1,217
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
2020-01-15
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
27
Volunteers
30

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
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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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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.
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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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 OBERLIN RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN GLENDENNING
ReturnHeader/ReturnTs02021-01-29T14:14:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$650,282
Liabilities
$2,059
Net assets
$648,223
Revenue
$1,318,734
Expenses
$874,150
Net income
$444,584
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