Civic Intelligence

Little Oaks Academy

990 • Fiscal year 2016 • EIN 47-2155389

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

701 E Oak Hill AvenueKnoxville, TN 37917-5437

(865) 545-8322

Siviq Scores

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

Liabilities / Assets

98th percentile

2.38x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.12x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

24th percentile

-8.0%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$36,616

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

92nd percentile

67%

Faster asset growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

1553%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$36,568

Up $14,722 (+67%) from 2015

Net Assets

Down

-$50,487

Down $71,699 (-338%) from 2015

Liabilities

Up

$87,055

Up $86,421 (+13631%) from 2015

Revenue

Up

$707,024

Up $664,255 (+1553%) from 2015

Expenses

Up

$763,801

Up $742,244 (+3443%) from 2015

Net Income

Down

-$56,777

Down $77,989 (-368%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2015: $21,846Liabilities 2015: $634Net Assets 2015: $21,2122015Assets 2016: $36,568Liabilities 2016: $87,055Net Assets 2016: -$50,4872016Assets 2017: $19,276Liabilities 2017: $106,452Net Assets 2017: -$87,1762017Assets 2018: $35,462Liabilities 2018: $89,034Net Assets 2018: -$53,5722018Assets 2019: $68,466Liabilities 2019: $78,973Net Assets 2019: -$10,5072019Assets 2020: $777,560Liabilities 2020: $704,435Net Assets 2020: $73,1252020Assets 2021: $938,497Liabilities 2021: $702,216Net Assets 2021: $236,2812021Assets 2022: $959,267Liabilities 2022: $546,752Net Assets 2022: $412,5152022Assets 2023: $1,028,803Liabilities 2023: $516,606Net Assets 2023: $512,1972023Assets 2024: $856,750Liabilities 2024: $481,257Net Assets 2024: $375,4932024Assets 2025: $771,664Liabilities 2025: $438,633Net Assets 2025: $333,0312025

Highlighted filing

2016

Assets$36,568
Liabilities$87,055
Net Assets-$50,487

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $42,769Expenses 2015: $21,557Net Income 2015: $21,2122015Revenue 2016: $707,024Expenses 2016: $763,801Net Income 2016: -$56,7772016Revenue 2017: $772,158Expenses 2017: $810,197Net Income 2017: -$38,0392017Revenue 2018: $756,875Expenses 2018: $730,783Net Income 2018: $26,0922018Revenue 2019: $786,338Expenses 2019: $743,273Net Income 2019: $43,0652019Revenue 2020: $947,856Expenses 2020: $864,224Net Income 2020: $83,6322020Revenue 2021: $1,238,532Expenses 2021: $1,075,375Net Income 2021: $163,1572021Revenue 2022: $1,208,744Expenses 2022: $1,090,179Net Income 2022: $118,5652022Revenue 2023: $1,375,565Expenses 2023: $1,275,883Net Income 2023: $99,6822023Revenue 2024: $1,358,967Expenses 2024: $1,495,670Net Income 2024: -$136,7032024Revenue 2025: $1,497,606Expenses 2025: $1,540,068Net Income 2025: -$42,4622025

Highlighted filing

2016

Revenue$707,024
Expenses$763,801
Net Income-$56,777
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$708,409
Mission and Program Overview

Mission

The mission of little oaks academy is to educate and nurture children in a safe, healthy, and stimulating environment where they are encouraged to learn and grow intellectually, socially, emotionally, and physically. The academy serves a diverse community with quality instruction based on developmentally appropriate practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,846$12,283▼ $9,563
Land, Buildings, and Equipment, Net-$12,150-
Accounts Receivable-$9,210-
Prepaid Expenses and Deferred Charges-$2,925-
Total Assets$21,846$36,568▲ $14,722
Liabilities
Accounts Payable and Accrued Expenses$634$80,752▲ $80,118
Deferred Revenue-$6,303-
Total Liabilities$634$87,055▲ $86,421
Net Assets / Fund Balance
Unrestricted Net Assets$21,212$-50,487▼ $71,699
Total Net Assets Fund Balance$21,212$-50,487▼ $71,699
Total Liabilities and Net Assets / Fund Balance$21,846$36,568▲ $14,722

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,150$1,350$13,500
Compensation and Service Providers

Employees

NameTitleBaseTotal
Beth HousleyExecutive Di$36,616$36,616

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$979
Program Service Revenue
$700,876
Investment Income
$0
Other Revenue
$5,169
All Other Contributions
$979
Change in Net Assets
$-56,777

Audited Revenue Reconciliation

Revenue per Audited Statements
$707,024
Total Revenue per Audited Statements
$707,024
Total Revenue per Form 990
$707,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$576,437
Other Expenses$187,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$423,041$43,197-$466,238
Payroll Taxes$42,030$9,773-$51,803
Current Officers, Directors, Trustees, and Key Employees-$36,616-$36,616
All Other Expenses$10,038$15,953-$25,991
Insurance$15,374$1,735-$17,109
Other Expenses$16,345--$16,345
Fees for Services Accounting-$13,511-$13,511
Office Expenses-$12,426-$12,426
Other Employee Benefits$11,493$605-$12,098
Pension Plan Contributions$7,510$2,172-$9,682
Depreciation Depletion$1,282$68-$1,350
Advertising$125--$125
Total Functional Expenses$627,745$136,056$0$763,801

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$763,801
Total Expenses per Audited Statements$763,801
Total Expenses per Form 990$763,801
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,555
Fundraising Direct Expenses$1,385
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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

Form 990 is available for review by the governing body. The executive director and treasurer review the form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

The academy regularly monitors and enforces its conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The governing body approves employee salaries based on experience and knowledge of the field.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Little Oaks Academy
EIN
47-2155389
Phone
8655458322
Address
701 E OAK HILL AVENUE, KNOXVILLE, TN 37917-5437

Signing Officer

Name
J Scott Griswold
Title
Treasurer
Phone
8655458322
Signed
2017-05-15

Organization Details

Principal Officer
Beth Housley
Formed
2014
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
44
Volunteers
15

Preparer

Firm
Mitchell Emert & Hill Pc
Address
416 ERIN DRIVE, KNOXVILLE, TN 37919-6205
Preparer
James R Cates
Phone
8655222396
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of little oaks academy is to educate and nurture children in a safe, healthy, and stimulating environment where they are encouraged to learn and grow intellectually, socially, emotionally, and physically. The academy serves a diverse community with quality instruction based on developmentally appropriate practices.

Form 990, Part XI, Line 9

A prior period adjustment has been made to accrue assets and liabilities at 6/30/15 which should have been recorded on the accounting records.

Form 990, Page 12, Part XII, Line 1

The cash accounting method was erroneously marked on the prior year form 990-ez. Should have been marked accrual.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF LITTLE OAKS ACADEMY IS TO EDUCATE AND NURTURE CHILDREN IN A SAFE, HEALTHY, AND STIMULATING ENVIRONMENT WHERE THEY ARE ENCOURAGED TO LEARN AND GROW INTELLECTUALLY, SOCIALLY, EMOTIONALLY, AND PHYSICALLY. THE ACADEMY SERVES A DIVERSE COMMUNITY WITH QUALITY INSTRUCTION BASED ON DEVELOPMENTALLY APPROPRIATE PRACTICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS AVAILABLE FOR REVIEW BY THE GOVERNING BODY. THE EXECUTIVE DIRECTOR AND TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ACADEMY REGULARLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY APPROVES EMPLOYEE SALARIES BASED ON EXPERIENCE AND KNOWLEDGE OF THE FIELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A PRIOR PERIOD ADJUSTMENT HAS BEEN MADE TO ACCRUE ASSETS AND LIABILITIES AT 6/30/15 WHICH SHOULD HAVE BEEN RECORDED ON THE ACCOUNTING RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CASH ACCOUNTING METHOD WAS ERRONEOUSLY MARKED ON THE PRIOR YEAR FORM 990-EZ. SHOULD HAVE BEEN MARKED ACCRUAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0J SCOTT GRISWOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08655458322
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LITTLE OAKS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0LITT
ReturnHeader/Filer/EIN0472155389
ReturnHeader/Filer/PhoneNum08655458322
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 E OAK HILL AVENUE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621483064
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MITCHELL EMERT & HILL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0416 ERIN DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KNOXVILLE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0379196205
ReturnHeader/PreparerPersonGrp/PhoneNum08655222396
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES R CATES
ReturnHeader/ReturnTs02017-05-15T15:30:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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