Civic Intelligence

Oaktree Academy Inc.

990 • Fiscal year 2019 • EIN 46-5611781

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 01, 2020

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

71st percentile

0.17x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.07x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

71st percentile

15%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

91st percentile

69%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

9.2%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$303,454

Up $124,065 (+69%) from 2018

Net Assets

Up

$250,490

Up $109,079 (+77%) from 2018

Liabilities

Up

$52,964

Up $14,986 (+39%) from 2018

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin71st percentile

Revenue

Up

$724,197

Up $60,879 (+9.2%) from 2018

Expenses

Down

$615,068

Down $23,112 (-3.6%) from 2018

Net Income

Up

$109,129

Up $83,991 (+334%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2019

Assets$303,454
Liabilities$52,964
Net Assets$250,490
Open 2019 Filing

Operations Trend

Revenue Growth59th 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

2019

Revenue$724,197
Expenses$615,068
Net Income$109,129
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 1, 2020
Return Version
2018v3.2
Gross Receipts
$727,797
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$142,744$260,985▲ $118,241
Cash and Non-Interest-Bearing Accounts$27,054$35,140▲ $8,086
Accounts Receivable$5,027$7,329▲ $2,302
Prepaid Expenses and Deferred Charges$4,564--
Total Assets$179,389$303,454▲ $124,065
Liabilities
Accounts Payable and Accrued Expenses$22,104$52,324▲ $30,220
Mortgage Notes Payable Secured by Investment Property$3,923--
Other Liabilities$11,951$640▼ $11,311
Total Liabilities$37,978$52,964▲ $14,986
Net Assets / Fund Balance
Unrestricted Net Assets$141,411$250,490▲ $109,079
Total Net Assets Fund Balance$141,411$250,490▲ $109,079
Total Liabilities and Net Assets / Fund Balance$179,389$303,454▲ $124,065

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$211,152$40,609$251,761
Equipment$49,833-$49,833
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
John WilsonPresident
Lisa CooperExec. Direct
Lynne RussellTreasurer/se
Anita WilsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$214,618
Program Service Revenue
$507,881
Investment Income
$-52
Other Revenue
$1,750
All Other Contributions
$214,618
Change in Net Assets
$109,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$427,407
Other Expenses$187,661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$426,191--$426,191
Fees for Services Management$16,800$31,200-$48,000
Occupancy$12,667$23,524-$36,191
All Other Expenses$13,412$1,434-$14,846
Depreciation Depletion$8,828--$8,828
Other Expenses$3,005$5,581-$8,586
Travel$2,855$5,303-$8,158
Advertising$5,274--$5,274
Office Expenses$1,636$3,182-$4,818
Insurance$1,433$2,661-$4,094
Other Employee Benefits$1,216--$1,216
Interest-$191-$191
Total Functional Expenses$535,283$79,785$0$615,068
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
Payroll Liabilities$640
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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/secretary
Phone
2318438593
Signed
2020-07-01
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
0

Preparer

Firm
Vanderwal Spratto & Richards Pc
Address
475 WATER STREET, MANISTEE, MI 49660
Preparer
David L Richards CPA
Phone
2317236275
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Tax difference in loss on disposal of assets -50”

Raw XML Appendix340 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/TotalNetAssetsFundBalanceGrp/EOYAmt0250490
IRS990/TotalProgramServiceExpensesAmt0535283
IRS990/TotalProgramServiceRevenueAmt0507881
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0509579
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0724197
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0179389
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0303454
IRS990/TravelGrp/ManagementAndGeneralAmt05303
IRS990/TravelGrp/ProgramServicesAmt02855
IRS990/TravelGrp/TotalAmt08158
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0141411
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0250490
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/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02318438593
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-01
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/AtSubmissionCreationDeviceId0F083890B1431340CC2DCFA68ED58B202B4EB276B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F083890B1431340CC2DCFA68ED58B202B4EB276B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.231.231.162
ReturnHeader/FilingSecurityInformation/IPDt02020-08-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:54:40
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/PreparationDt02020-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID L RICHARDS CPA
ReturnHeader/ReturnTs02020-08-26T15:54:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$303,454
Liabilities
$52,964
Net assets
$250,490
Revenue
$724,197
Expenses
$615,068
Net income
$109,129
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
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.05$0.25$0.72$0.62$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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