Civic Intelligence

Seven Oaks Classical School Inc

990 • Fiscal year 2021 • EIN 46-3846239

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 13, 2022

Organization ProfileSEVENOAKSCLASSICAL.ORG
200 E Association StEllettsville, IN 47429

(812) 360-2787

Siviq Scores

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

Liabilities / Assets

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

2.76x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

42nd percentile

8.5%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

23rd percentile

$98,349

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

99th percentile

275%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

10%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$11,287,303

Up $8,275,085 (+275%) from 2020

Net Assets

Up

$809,351

Up $468,881 (+138%) from 2020

Liabilities

Up

$10,477,952

Up $7,806,204 (+292%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin42nd percentile

Revenue

Up

$3,800,281

Up $354,850 (+10%) from 2020

Expenses

Up

$3,478,302

Up $506,192 (+17%) from 2020

Net Income

Down

$321,979

Down $151,342 (-32%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $1,630Liabilities 2014: $02014Assets 2015: $1,262Liabilities 2015: $0Net Assets 2015: $1,2622015Assets 2017: $2,609,142Liabilities 2017: $2,913,220Net Assets 2017: -$304,0782017Assets 2018: $2,517,188Liabilities 2018: $2,789,621Net Assets 2018: -$272,4332018Assets 2019: $2,648,668Liabilities 2019: $2,781,519Net Assets 2019: -$132,8512019Assets 2020: $3,012,218Liabilities 2020: $2,671,748Net Assets 2020: $340,4702020Assets 2021: $11,287,303Liabilities 2021: $10,477,952Net Assets 2021: $809,3512021Assets 2022: $12,814,197Liabilities 2022: $11,531,341Net Assets 2022: $1,282,8562022Assets 2023: $12,254,324Liabilities 2023: $10,502,951Net Assets 2023: $1,751,3732023Assets 2024: $12,661,192Liabilities 2024: $10,865,030Net Assets 2024: $1,796,1622024

Highlighted filing

2021

Assets$11,287,303
Liabilities$10,477,952
Net Assets$809,351
Open 2021 Filing

Operations Trend

Revenue Growth47th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $2,973Expenses 2014: $1,598Net Income 2014: $1,3752014Revenue 2015: $1,836Expenses 2015: $2,204Net Income 2015: -$3682015Revenue 2017: $1,207,034Expenses 2017: $1,501,921Net Income 2017: -$294,8872017Revenue 2018: $1,823,389Expenses 2018: $1,791,744Net Income 2018: $31,6452018Revenue 2019: $2,865,019Expenses 2019: $2,631,885Net Income 2019: $233,1342019Revenue 2020: $3,445,431Expenses 2020: $2,972,110Net Income 2020: $473,3212020Revenue 2021: $3,800,281Expenses 2021: $3,478,302Net Income 2021: $321,9792021Revenue 2022: $4,541,324Expenses 2022: $4,067,819Net Income 2022: $473,5052022Revenue 2023: $5,527,508Expenses 2023: $5,058,991Net Income 2023: $468,5172023Revenue 2024: $5,406,335Expenses 2024: $5,361,546Net Income 2024: $44,7892024

Highlighted filing

2021

Revenue$3,800,281
Expenses$3,478,302
Net Income$321,979
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 13, 2022
Return Version
2020v4.2
Gross Receipts
$3,800,281
Mission and Program Overview

Mission

The mission of seven oaks classical school is to train the minds and improve the hearts of young people through a rigorous classical education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,662,536$2,895,257▲ $232,721
Cash and Non-Interest-Bearing Accounts$349,682$602,961▲ $253,279
Total Assets$3,012,218$11,287,303▲ $8,275,085
Other Assets Total$0$7,789,085▲ $7,789,085
Liabilities
Tax Exempt Bond Liabilities$0$10,051,522▲ $10,051,522
Accounts Payable and Accrued Expenses$216,700$287,893▲ $71,193
Mortgage Notes Payable Secured by Investment Property$2,406,850$138,537▼ $2,268,313
Deferred Revenue$48,198$0▼ $48,198
Total Liabilities$2,671,748$10,477,952▲ $7,806,204
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$340,470$809,351▲ $468,881
Total Net Assets Fund Balance$340,470$809,351▲ $468,881
Total Liabilities and Net Assets / Fund Balance$3,012,218$11,287,303▲ $8,275,085

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,906,947$316,557$2,223,504
Buildings$485,858$58,142$544,000
Land$363,810-$363,810
Other Land Buildings$134,147-$134,147
Equipment$4,495$4,495$8,990
Other Assets Org$7,789,085--
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Stephen ShippHeadmasterFT$89,946$8,403$98,349
Scott ReynoldsBusiness ManagerFT$70,901$4,477$75,378

Board Members and Trustees

NameTitle
Matt WolfPresident
Brian AndersonDirector
Lindsey WeaverDirector
Terry EnglishDirector
Jazzmin VegelerSecretary
Ian HallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,690,158
Program Service Revenue
$68,991
Investment Income
$0
Other Revenue
$41,132
All Other Contributions
$27,823
Change in Net Assets
$321,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,800,281
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,800,281
Total Revenue per Form 990
$3,800,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,472,963
Other Expenses$1,005,339
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,399,404$490,410-$1,889,814
Office Expenses$203,391$17,968-$221,359
Occupancy$202,272$16,076-$218,348
Current Officers, Directors, Trustees, and Key Employees$132,775$45,714-$178,489
Other Employee Benefits$145,727$29,595-$175,322
Fees for Services Other$138,393$20,946-$159,339
Payroll Taxes$119,302$39,819-$159,121
Interest$98,293--$98,293
Depreciation Depletion$92,629--$92,629
Fees for Services Management-$72,083-$72,083
Pension Plan Contributions$55,643$14,574-$70,217
Information Technology$58,832--$58,832
Insurance$39,300--$39,300
Fees for Services Accounting-$16,585-$16,585
All Other Expenses$2,609$11,927-$14,536
Other Expenses$13,194--$13,194
Travel-$841-$841
Total Functional Expenses$2,701,764$776,538$0$3,478,302

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,478,302
Total Expenses per Audited Statements$3,478,302
Total Expenses per Form 990$3,478,302
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndiana Finance Authority2021-06-04$10,177,375Consolidate debt and remodel, refurbish, expand and equip facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,177,375--$163,657

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

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

Form 990, Part VI, Section B, Line 11B

“A complete copy of the form 990 is provided to all members of its governing body before filing the form for review.”

Form 990, Part VI, Section B, Line 12C

“Members of the board of directors are not required to submit an annual disclosure on interests document; however, members are responsible for declaring any perceived conflict of interest whenever a matter of potential conflict is brought before the board. The affected member is precluded from deliberation on the matter in question as well as voting on the matter.”

Form 990, Part VI, Section B, Line 15

“Board of directors engages in a review and evaluation process and sets compensation accordingly.”

Form 990, Part VI, Section C, Line 19

“All documents are available in public meetings when approved and upon request.”

Filing and Contact Details

Filer

Filer Name
Seven Oaks Classical School Inc
EIN
46-3846239
Phone
8123602787
Address
200 E ASSOCIATION ST, ELLETTSVILLE, IN 47429

Signing Officer

Name
Dr Stephen Shipp
Title
Headmaster
Phone
8123602787
Signed
2022-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Stephen Shipp
Formed
2014
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
79
Volunteers
100

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Rex E Miller CPA Cgma
Phone
3177456411
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“In fy 20-21, seven oaks expanded to 12th grade.”

FORM 990, PART XII, LINE 2C:

“The organization's oversight process and selection process did not change during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“Professional accounting standards require the school to recognize a tax liability only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. The school has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. Tax years ended after june 30, 2017 are open to audit for both federal and state purposes.”

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01399404
IRS990/OtherSalariesAndWagesGrp/TotalAmt01889814
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039819
IRS990/PayrollTaxesGrp/ProgramServicesAmt0119302
IRS990/PayrollTaxesGrp/TotalAmt0159121
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014574
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt055643
IRS990/PensionPlanContributionsGrp/TotalAmt070217
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR STEPHEN SHIPP
IRS990/PriorPeriodAdjustmentsAmt0146902
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1TEXTBOOK FEES
IRS990/ProgramServiceRevenueGrp/Desc2EXTENDED CARE PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034657
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132235
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22099
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034657
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132235
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22099
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03388367
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0873446
IRS990/PYOtherRevenueAmt030577
IRS990/PYProgramServiceRevenueAmt026487
IRS990/PYRevenuesLessExpensesAmt0473321
IRS990/PYSalariesCompEmpBnftPaidAmt02098664
IRS990/PYTotalExpensesAmt02972110
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03445431
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0321979
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt027270
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt082853
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0485858
IRS990ScheduleD/BuildingsGrp/DepreciationAmt058142
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0544000
IRS990ScheduleD/EquipmentGrp/BookValueAmt04495
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04495
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08990
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03478302
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0363810
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0363810
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01906947
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0316557
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02223504
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07789085
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH - RESTRICTED
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0134147
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0134147
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03800281
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL HAS EXAMINED THIS ISSUE AND HAS DETERMINED THAT THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2017 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02895257
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07789085
IRS990ScheduleD/TotalExpensesPerForm990Amt03478302
IRS990ScheduleD/TotalRevenuePerForm990Amt03800281
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03800281
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03478302
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMATORY POLICY, PRINTED IN THE STUDENT HANDBOOK AND PUBLISHED ON THE ORGANIZATION'S WEBSITE, CLEARLY STATES THAT "THE SCHOOL DOES NOT, AND WILL NOT, DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, SEX, AGE, RELIGION, DISABILITY, OR ANY OTHER PROTECTED CATEGORY SPECIFIED IN APPLICABLE FEDERAL, STATE, OR LOCAL LAW."
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS OR FINANCIAL AID ARE AWARDED, SO THERE IS NO DISCRIMINATION FACTOR TO CONSIDER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES STATE FUNDS UNDER THE INDIANA CHARTER SCHOOL ACT (INDIANA CODE 20-24) AS WELL AS FUNDING UNDER FEDERAL PROGRAMS ADMINSTERED BY THE INDIANA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-06-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0351602316
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum045470EAT2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt010177375
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0INDIANA FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSOLIDATE DEBT AND REMODEL, REFURBISH, EXPAND AND EQUIP FACILITIES
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt07000000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0260000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0593934
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0163657
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt02159784
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02022
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt010177375
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN FY 20-21, SEVEN OAKS EXPANDED TO 12TH GRADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF DIRECTORS ARE NOT REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE ON INTERESTS DOCUMENT; HOWEVER, MEMBERS ARE RESPONSIBLE FOR DECLARING ANY PERCEIVED CONFLICT OF INTEREST WHENEVER A MATTER OF POTENTIAL CONFLICT IS BROUGHT BEFORE THE BOARD. THE AFFECTED MEMBER IS PRECLUDED FROM DELIBERATION ON THE MATTER IN QUESTION AS WELL AS VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS ENGAGES IN A REVIEW AND EVALUATION PROCESS AND SETS COMPENSATION ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE IN PUBLIC MEETINGS WHEN APPROVED AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS DID NOT CHANGE DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,287,303
Liabilities
$10,477,952
Net assets
$809,351
Revenue
$3,800,281
Expenses
$3,478,302
Net income
$321,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.7$10.9$1.80$5.41$5.36$0.04
2023Detailed filing. Detailed filing data is available for this year.$12.3$10.5$1.75$5.53$5.06$0.47
2022Detailed filing. Detailed filing data is available for this year.$12.8$11.5$1.28$4.54$4.07$0.47
2021Detailed filing. Detailed filing data is available for this year.$11.3$10.5$0.81$3.80$3.48$0.32
2020Detailed filing. Detailed filing data is available for this year.$3.01$2.67$0.34$3.45$2.97$0.47
2019Detailed filing. Detailed filing data is available for this year.$2.65$2.78$0.13$2.87$2.63$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.52$2.79$0.27$1.82$1.79$0.03
2017Summary only. Only limited summary data is available for this year.$2.61$2.91$0.30$1.21$1.50$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00