Civic Intelligence

The Oaks Charlotte

990 • Fiscal year 2021 • EIN 82-3073175

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

Organization ProfileOAKSCHRISTIANSCHOOL.COM
338 S Sharon Amity Road No 326Charlotte, NC 28211

(980) 242-9933

Siviq Scores

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

Liabilities / Assets

89th percentile

0.69x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.68x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

60th percentile

19%

Higher net margin than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$87,500

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

95th percentile

131%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

27%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$1,304,434

Up $739,126 (+131%) from 2020

Net Assets

Up

$404,691

Up $248,807 (+160%) from 2020

Liabilities

Up

$899,743

Up $490,319 (+120%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin60th percentile

Revenue

Up

$1,318,180

Up $278,096 (+27%) from 2020

Expenses

Up

$1,069,373

Up $149,551 (+16%) from 2020

Net Income

Up

$248,807

Up $128,545 (+107%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$1.5M$1.0M$500K$0Assets 2019: $186,899Liabilities 2019: $151,277Net Assets 2019: $35,6222019Assets 2020: $565,308Liabilities 2020: $409,424Net Assets 2020: $155,8842020Assets 2021: $1,304,434Liabilities 2021: $899,743Net Assets 2021: $404,6912021Assets 2022: $1,416,136Liabilities 2022: $961,827Net Assets 2022: $454,3092022

Highlighted filing

2021

Assets$1,304,434
Liabilities$899,743
Net Assets$404,691
Open 2021 Filing

Operations Trend

Revenue Growth64th percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2019: $430,290Expenses 2019: $275,613Net Income 2019: $154,6772019Revenue 2020: $1,040,084Expenses 2020: $919,822Net Income 2020: $120,2622020Revenue 2021: $1,318,180Expenses 2021: $1,069,373Net Income 2021: $248,8072021Revenue 2022: $1,722,095Expenses 2022: $1,672,477Net Income 2022: $49,6182022

Highlighted filing

2021

Revenue$1,318,180
Expenses$1,069,373
Net Income$248,807
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,318,180
Mission and Program Overview

Mission

We exist to nurture and develop the whole child - heart, mind, body, and soul - as an image bearer of god through an experiential classroom model, a christ-centered biblical worldview, community service partnerships and a year-round learning model.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$277,118$869,023▲ $591,905
Cash and Non-Interest-Bearing Accounts$262,456$338,321▲ $75,865
Land, Buildings, and Equipment, Net$20,735$86,645▲ $65,910
Prepaid Expenses and Deferred Charges$2,213$3,798▲ $1,585
Total Assets$565,308$1,304,434▲ $739,126
Other Assets Total$2,786$6,647▲ $3,861
Liabilities
Deferred Revenue$295,965$877,089▲ $581,124
Unsecured Notes Loans Payable$92,053$0▼ $92,053
Accounts Payable and Accrued Expenses$21,406$22,654▲ $1,248
Total Liabilities$409,424$899,743▲ $490,319
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$207,765-
Net Assets Without Donor Restrictions$155,884$196,926▲ $41,042
Total Net Assets Fund Balance$155,884$404,691▲ $248,807
Total Liabilities and Net Assets / Fund Balance$565,308$1,304,434▲ $739,126

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$78,334$11,362$89,696
Leasehold Improvements$8,311$189$8,500
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel SturdevantHead of School - OutgoingFT$87,500$87,500
Erica StroupHead of School - IncomingFT$53,826$53,826

Board Members and Trustees

NameTitle
Dowd SimpsonChairman
Greg KeithVice Chairman
India KeithBoard Member
Mary Lou CapanExecutive Director
Erin HanelineSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$645,315
Program Service Revenue
$672,808
Investment Income
$57
Other Revenue
$0
All Other Contributions
$553,262
Change in Net Assets
$248,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$673,391
Other Expenses$386,182
Total Fundraising Expense$80,307
Grants and Similar Amounts Paid$9,800
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$438,347$65,938-$504,285
Fees for Services Other$84,000-$67,200$151,200
Current Officers, Directors, Trustees, and Key Employees$46,333$57,917$11,583$115,833
Occupancy$61,507--$61,507
Payroll Taxes$39,951$10,209$955$51,115
Advertising-$34,636-$34,636
Fees for Services Accounting-$31,375-$31,375
All Other Expenses$10,593$3,374$529$14,496
Grants to Domestic Orgs$9,800--$9,800
Insurance$4,703$4,703-$9,406
Office Expenses$333$8,065-$8,398
Depreciation Depletion-$7,833-$7,833
Other Expenses$4,908$4,170-$4,908
Other Employee Benefits$1,687$431$40$2,158
Fees for Services Legal-$418-$418
Interest$380--$380
Total Functional Expenses$755,611$233,455$80,307$1,069,373
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
With Open Eyes FoundationCharlotte, NC501(c)(3)To Provide Funding for Nursery Schools Supporting Refugees$9,800
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
Annual disclosure for covered persons
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 A, Line 2

“Dowd simpson is the daughter of greg and india keith. They all serve on the board of directors.”

Form 990, Part VI, Section A, Line 8B

“The organization does not keep separate minutes of committee meetings. The committees give a report to the board in their meetings and those reports are included in the board meetings.”

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

“The head of school and board of directors will review the 990 before it is filed.”

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

“The organization enforces a conflict of interest policy. The conflict of interest policy provides due diligence procedures and guidance on how to deal with policy violations. Each director, principal officer and member sign an annual statement that they understand and will comply with the policy. The policy is also annually reviewed.”

Form 990, Part VI, Section B, Line 15

“Initial compensation for the head of school was based on the recommendation and negotiation of the executive committee and the head of school candidate. Subsequent increases are determined by the executive committee of the board of trustees after an annual review. Compensation for other employees is benchmarked against averages of similar organizations.”

Form 990, Part VI, Section C, Line 19

“The organizations governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Oaks Charlotte
EIN
82-3073175
Phone
9802429933
Address
338 S SHARON AMITY ROAD NO 326, CHARLOTTE, NC 28211
Doing Business As
Oaks Christian School

Signing Officer

Name
Mary Lou Capan
Title
Executive Director
Phone
9802429933
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Lou Capan
Formed
2017
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
30
Volunteers
15

Preparer

Firm
Greerwalker Llp
Address
227 WEST TRADE ST SUITE 1100, CHARLOTTE, NC 28202
Preparer
Paula P Tilley
Phone
7043770239
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Teacher training: program service expenses 84,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 84,000. Fundraising consulting: program service expenses 0. Management and general expenses 0. Fundraising expenses 67,200. Total expenses 67,200.”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08311
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0189
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078334
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011362
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt089696
IRS990ScheduleD/TotalBookValueLandBuildingsAmt086645
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS A RACIALLY NONDISCRIMINATORY POLICY WHICH IS AVAILABLE ON THE SCHOOL WEBSITE, INCLUDING THE ADMISSIONS PAGE. THE POLICY IS ALSO PRINTED ON THE STUDENT ADMISSION APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt09800
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FUNDING FOR NURSERY SCHOOLS SUPPORTING REFUGEES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WITH OPEN EYES FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0262753084
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04100 COCA COLA PLAZA
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOWD SIMPSON IS THE DAUGHTER OF GREG AND INDIA KEITH. THEY ALL SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT KEEP SEPARATE MINUTES OF COMMITTEE MEETINGS. THE COMMITTEES GIVE A REPORT TO THE BOARD IN THEIR MEETINGS AND THOSE REPORTS ARE INCLUDED IN THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE HEAD OF SCHOOL AND BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ENFORCES A CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY PROVIDES DUE DILIGENCE PROCEDURES AND GUIDANCE ON HOW TO DEAL WITH POLICY VIOLATIONS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER SIGN AN ANNUAL STATEMENT THAT THEY UNDERSTAND AND WILL COMPLY WITH THE POLICY. THE POLICY IS ALSO ANNUALLY REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INITIAL COMPENSATION FOR THE HEAD OF SCHOOL WAS BASED ON THE RECOMMENDATION AND NEGOTIATION OF THE EXECUTIVE COMMITTEE AND THE HEAD OF SCHOOL CANDIDATE. SUBSEQUENT INCREASES ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AFTER AN ANNUAL REVIEW. COMPENSATION FOR OTHER EMPLOYEES IS BENCHMARKED AGAINST AVERAGES OF SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TEACHER TRAINING: PROGRAM SERVICE EXPENSES 84,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,000. FUNDRAISING CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 67,200. TOTAL EXPENSES 67,200.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt01304434
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0645315
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt080307
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0233455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0755611
IRS990/TotalFunctionalExpensesGrp/TotalAmt01069373
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0409424
IRS990/TotalLiabilitiesEOYAmt0899743
IRS990/TotalLiabilitiesGrp/BOYAmt0409424
IRS990/TotalLiabilitiesGrp/EOYAmt0899743
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0155884
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0404691
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0755611
IRS990/TotalProgramServiceRevenueAmt0672808
IRS990/TotalReportableCompFromOrgAmt0141326
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0672865
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01318180
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0565308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01304434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt092053
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0338 S SHARON AMITY ROAD SUITE 326
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028211
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0OAKSCHRISTIANSCHOOL.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY LOU CAPAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09802429933
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE OAKS CHARLOTTE

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,304,434
Liabilities
$899,743
Net assets
$404,691
Revenue
$1,318,180
Expenses
$1,069,373
Net income
$248,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.42$0.96$0.45$1.72$1.67$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.90$0.40$1.32$1.07$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.41$0.16$1.04$0.92$0.12
2019Summary only. Only limited summary data is available for this year.$0.19$0.15$0.04$0.43$0.28$0.15