Civic Intelligence

Oaktree Academy Inc.

990 • Fiscal year 2022 • EIN 46-5611781

Jul 01, 2021 to Jun 30, 2022 • Filed on Jun 21, 2023

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

(231) 843-8593

Siviq Scores

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

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

47th percentile

0.07x

Higher debt load relative to revenue than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

104%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

59%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$1,291,111

Up $659,640 (+104%) from 2021

Net Assets

Up

$1,184,064

Up $672,185 (+131%) from 2021

Liabilities

Down

$107,047

Down $12,545 (-10%) from 2021

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin87th percentile

Revenue

Up

$1,551,843

Up $573,879 (+59%) from 2021

Expenses

Up

$879,659

Up $80,075 (+10%) from 2021

Net Income

Up

$672,184

Up $493,804 (+277%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2022

Assets$1,291,111
Liabilities$107,047
Net Assets$1,184,064
Open 2022 Filing

Operations Trend

Revenue Growth84th 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

2022

Revenue$1,551,843
Expenses$879,659
Net Income$672,184
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jun 21, 2023
Return Version
2021v4.2
Gross Receipts
$1,551,843
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$286,252$681,900▲ $395,648
Cash and Non-Interest-Bearing Accounts$313,099$578,734▲ $265,635
Accounts Receivable$32,121$30,477▼ $1,644
Total Assets$631,472$1,291,111▲ $659,639
Liabilities
Accounts Payable and Accrued Expenses$119,592$107,047▼ $12,545
Total Liabilities$119,592$107,047▼ $12,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$511,880$1,184,064▲ $672,184
Total Net Assets Fund Balance$511,880$1,184,064▲ $672,184
Total Liabilities and Net Assets / Fund Balance$631,472$1,291,111▲ $659,639

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$668,923$42,396-
Equipment$12,977$44,442-
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
John WilsonPresident
Anita WilsonVice President
Lisa CooperExec Directorsec
Lynne RussellTreasurersecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$713,702
Program Service Revenue
$837,924
Investment Income
$217
Other Revenue
$0
All Other Contributions
$713,702
Change in Net Assets
$672,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,551,843
Total Revenue per Audited Statements
$1,551,843
Total Revenue per Form 990
$1,551,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$622,862
Other Expenses$256,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$619,791--$619,791
Fees for Services Management$33,000$33,000-$66,000
Fees for Services Other$25,465--$25,465
All Other Expenses$24,055--$24,055
Occupancy$24,023--$24,023
Depreciation Depletion$20,273--$20,273
Other Expenses$10,253--$10,253
Insurance$9,281--$9,281
Advertising$4,382--$4,382
Other Employee Benefits$3,071--$3,071
Fees for Services Accounting$2,800--$2,800
Travel$475--$475
Information Technology$375--$375
Total Functional Expenses$846,659$33,000$0$879,659

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$879,659
Total Expenses per Audited Statements$879,659
Total Expenses per Form 990$879,659
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
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The 990 is prepared by an external accountant and given to the board treasurer to review before it is filed.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Lynne Russell
Title
Treasurersecre
Phone
2318438593
Signed
2023-06-21
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Lake Michigan CPA Services PLC
Address
317 S James Street, Ludington, MI 49431
Preparer
Sarah Kanitz
Phone
2318434085
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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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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0846659
IRS990/TotalFunctionalExpensesGrp/TotalAmt0879659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0119592
IRS990/TotalLiabilitiesEOYAmt0107047
IRS990/TotalLiabilitiesGrp/BOYAmt0119592
IRS990/TotalLiabilitiesGrp/EOYAmt0107047
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0511880
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01184064
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0846659
IRS990/TotalProgramServiceRevenueAmt0837924
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0217
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0837924
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01551843
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01291111
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt0475
IRS990/TravelGrp/TotalAmt0475
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0LYNNE RUSSELL
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ReturnHeader/BusinessOfficerGrp/PhoneNum02318438593
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OAKTREE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0OAKT
ReturnHeader/Filer/EIN0465611781
ReturnHeader/Filer/USAddress/AddressLine1Txt06498 W DECKER ROAD
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203668728
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lake Michigan CPA Services PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0317 S James Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ludington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049431
ReturnHeader/PreparerPersonGrp/PhoneNum02318434085
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sarah Kanitz
ReturnHeader/ReturnTs02023-06-21T14:03:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LYNNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUSSELL
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,291,111
Liabilities
$107,047
Net assets
$1,184,064
Revenue
$1,551,843
Expenses
$879,659
Net income
$672,184
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
2022Detailed filing. Detailed filing data is available for this year.$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
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