Civic Intelligence

Oaktree Academy Inc.

990 • Fiscal year 2018 • EIN 46-5611781

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 14, 2019

Organization ProfileWWW.OAKTREE-ACADEMY.COM
6498 W Decker RoadLudington, MI 49431

(231) 845-0220

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.21x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

58th percentile

0.06x

Higher debt load relative to revenue than 58% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

51st percentile

3.8%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$51,285

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

-0.7%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$179,389

Up $19,580 (+12%) from 2017

Net Assets

Up

$141,411

Up $25,138 (+22%) from 2017

Liabilities

Down

$37,978

Down $5,558 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin51st percentile

Revenue

Down

$663,318

Down $4,346 (-0.7%) from 2017

Expenses

Down

$638,180

Down $48,078 (-7.0%) from 2017

Net Income

Up

$25,138

Up $43,732 (+235%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $43,164Liabilities 2014: $1,0212014Assets 2015: $178,794Liabilities 2015: $32,810Net Assets 2015: $145,9842015Assets 2016: $173,385Liabilities 2016: $35,847Net Assets 2016: $137,5382016Assets 2017: $159,809Liabilities 2017: $43,536Net Assets 2017: $116,2732017Assets 2018: $179,389Liabilities 2018: $37,978Net Assets 2018: $141,4112018Assets 2019: $303,454Liabilities 2019: $52,964Net Assets 2019: $250,4902019Assets 2020: $366,152Liabilities 2020: $32,653Net Assets 2020: $333,4992020Assets 2021: $631,471Liabilities 2021: $119,592Net Assets 2021: $511,8792021Assets 2022: $1,291,111Liabilities 2022: $107,047Net Assets 2022: $1,184,0642022Assets 2023: $1,272,890Liabilities 2023: $36,536Net Assets 2023: $1,236,3542023Assets 2024: $1,240,363Liabilities 2024: $34,486Net Assets 2024: $1,205,8772024Assets 2025: $1,657,915Liabilities 2025: $35,125Net Assets 2025: $1,622,7902025

Highlighted filing

2018

Assets$179,389
Liabilities$37,978
Net Assets$141,411
Open 2018 Filing

Operations Trend

Revenue Growth39th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $50,002Expenses 2014: $7,859Net Income 2014: $42,1432014Revenue 2015: $731,563Expenses 2015: $627,722Net Income 2015: $103,8412015Revenue 2016: $697,845Expenses 2016: $706,291Net Income 2016: -$8,4462016Revenue 2017: $667,664Expenses 2017: $686,258Net Income 2017: -$18,5942017Revenue 2018: $663,318Expenses 2018: $638,180Net Income 2018: $25,1382018Revenue 2019: $724,197Expenses 2019: $615,068Net Income 2019: $109,1292019Revenue 2020: $753,282Expenses 2020: $670,273Net Income 2020: $83,0092020Revenue 2021: $977,964Expenses 2021: $799,584Net Income 2021: $178,3802021Revenue 2022: $1,551,843Expenses 2022: $879,659Net Income 2022: $672,1842022Revenue 2023: $1,012,989Expenses 2023: $960,699Net Income 2023: $52,2902023Revenue 2024: $975,556Expenses 2024: $1,006,033Net Income 2024: -$30,4772024Revenue 2025: $1,526,293Expenses 2025: $1,109,380Net Income 2025: $416,9132025

Highlighted filing

2018

Revenue$663,318
Expenses$638,180
Net Income$25,138
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 14, 2019
Return Version
2017v2.3
Gross Receipts
$666,730
Mission and Program Overview

Mission

Oaktree academys purpose is to receive and administer funds exclusively for educational purposes and to organize and operate a day care center in ludington, michigan.

Oaktree academy's purpose is to receive and administer funds exclusively for educational purposes and to organize and operate a day care center in ludington, michigan with an educational foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$141,794$142,744▲ $950
Cash and Non-Interest-Bearing Accounts$14,343$27,054▲ $12,711
Accounts Receivable$1,172$5,027▲ $3,855
Prepaid Expenses and Deferred Charges$2,500$4,564▲ $2,064
Total Assets$159,809$179,389▲ $19,580
Liabilities
Accounts Payable and Accrued Expenses$6,225$22,104▲ $15,879
Other Liabilities$37,311$11,951▼ $25,360
Mortgage Notes Payable Secured by Investment Property-$3,923-
Total Liabilities$43,536$37,978▼ $5,558
Net Assets / Fund Balance
Unrestricted Net Assets$116,273$141,411▲ $25,138
Total Net Assets Fund Balance$116,273$141,411▲ $25,138
Total Liabilities and Net Assets / Fund Balance$159,809$179,389▲ $19,580

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$110,262$10,781$121,043
Equipment$32,482$21,551$54,033
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lisa CooperExec. DirectFT$51,285$51,285

Board Members and Trustees

NameTitle
John WilsonPresident
Lynne RussellTreasurer
Anita WilsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$160,838
Program Service Revenue
$500,939
Investment Income
$21
Other Revenue
$1,520
All Other Contributions
$160,838
Change in Net Assets
$25,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$422,673
Other Expenses$215,507
Total Fundraising Expense$8,987
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$335,084--$335,084
Fees for Services Other$26,475$23,980$1,844$52,299
Current Officers, Directors, Trustees, and Key Employees$13,467$29,180$2,245$44,892
Occupancy$11,725$25,405$1,954$39,084
Payroll Taxes$34,303$2,954$227$37,484
Fees for Services Management$7,200$15,600$1,200$24,000
Fees for Services Accounting-$15,973-$15,973
Insurance$2,503$5,422$417$8,342
Depreciation Depletion$2,299$4,980$383$7,662
Office Expenses$3,445$2,406$165$6,016
All Other Expenses$2,439$2,962$63$5,464
Other Employee Benefits$5,213--$5,213
Other Expenses$2,658$5,399$416$2,658
Information Technology$2,536--$2,536
Travel$437$946$73$1,456
Interest-$168-$168
Advertising$153--$153
Total Functional Expenses$493,818$135,375$8,987$638,180
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,932
Fundraising Direct Expenses$3,412
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
Credit Card Liability$6,880
Payroll Liabilities$3,618
Accrued Benefits$1,453
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Oaktree Academy Inc
EIN
46-5611781
Phone
2318450220
Address
6498 W DECKER ROAD, LUDINGTON, MI 49431

Signing Officer

Name
Lynne Russell
Title
Treasurer
Phone
2318438593
Signed
2019-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynne Russell
Formed
2014
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
41

Preparer

Firm
Vanderwal Spratto & Richards Pc
Address
475 WATER STREET, MANISTEE, MI 49660
Preparer
David L Richards CPA
Phone
2317236275
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt032482
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021551
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054033
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0110262
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010781
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0121043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06880
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13618
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED BENEFITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0142744
IRS990ScheduleD/TotalLiabilityAmt011951
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0159809
IRS990/TotalAssetsEOYAmt0179389
IRS990/TotalAssetsGrp/BOYAmt0159809
IRS990/TotalAssetsGrp/EOYAmt0179389
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0160838
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08987
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0135375
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0493818
IRS990/TotalFunctionalExpensesGrp/TotalAmt0638180
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043536
IRS990/TotalLiabilitiesEOYAmt037978
IRS990/TotalLiabilitiesGrp/BOYAmt043536
IRS990/TotalLiabilitiesGrp/EOYAmt037978
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0116273
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0141411
IRS990/TotalProgramServiceExpensesAmt0493818
IRS990/TotalProgramServiceRevenueAmt0500939
IRS990/TotalReportableCompFromOrgAmt051285
IRS990/TotalRevenueGrp/ExclusionAmt01541
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0500939
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0663318
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0159809
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0179389
IRS990/TravelGrp/FundraisingAmt073
IRS990/TravelGrp/ManagementAndGeneralAmt0946
IRS990/TravelGrp/ProgramServicesAmt0437
IRS990/TravelGrp/TotalAmt01456
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0116273
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0141411
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0108 S RATH
IRS990/USAddress/AddressLine2Txt0SUITE 201
IRS990/USAddress/CityNm0LUDINGTON
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049431
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.OAKTREE-ACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNNE RUSSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02318438593
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OAKTREE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0OAKT
ReturnHeader/Filer/EIN0465611781
ReturnHeader/Filer/PhoneNum02318450220
ReturnHeader/Filer/USAddress/AddressLine1Txt06498 W DECKER ROAD
ReturnHeader/Filer/USAddress/CityNm0LUDINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049431
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D7DAA247D9BDB50A07033750C814B452EC70C0C9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D7DAA247D9BDB50A07033750C814B452EC70C0C9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.231.231.162
ReturnHeader/FilingSecurityInformation/IPDt02020-06-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:54:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382095735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VANDERWAL SPRATTO & RICHARDS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0475 WATER STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANISTEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049660
ReturnHeader/PreparerPersonGrp/PhoneNum02317236275
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID L RICHARDS CPA
ReturnHeader/ReturnTs02020-06-08T18:54:45-05:00
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
$179,389
Liabilities
$37,978
Net assets
$141,411
Revenue
$663,318
Expenses
$638,180
Net income
$25,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.04$1.62$1.53$1.11$0.42
2024Summary only. Only limited summary data is available for this year.$1.24$0.03$1.21$0.98$1.01$0.03
2023Summary only. Only limited summary data is available for this year.$1.27$0.04$1.24$1.01$0.96$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.11$1.18$1.55$0.88$0.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.12$0.51$0.98$0.80$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.03$0.33$0.75$0.67$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.05$0.25$0.72$0.62$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.18$0.04$0.14$0.66$0.64$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.04$0.12$0.67$0.69$0.02
2016Summary only. Only limited summary data is available for this year.$0.17$0.04$0.14$0.70$0.71$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.03$0.15$0.73$0.63$0.10
2014Summary only. Only limited summary data is available for this year.$0.04$0.00$0.05$0.01$0.04