2026-06-15T11:11:11+00:00 2025-07-31 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2024-08-01 352050595 The Oaks Academy Inc OAKS 3179313043 2301 N Park Ave Indianapolis IN 46205 Kara Hakos CFO 3179313043 2026-06-15 true Nicole Fishback P01279475 3173834000 2026-06-15 2024 2025-03-06 01:10:19Z Andrew Hart 2301 N Park Ave Indianapolis IN 46205 21519789 false X WWW.THEOAKSACADEMY.ORG X 1998 IN THE OAKS ACADEMY IS A CHRIST-CENTERED SCHOOL THAT EXISTS TO PROVIDE A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS 15 15 320 100 0 0 2273586 4014876 15411545 17001686 357407 503227 0 18042538 21519789 270106 0 0 11256903 12074661 0 1075747 4227953 4750228 15754962 16824889 2287576 4694900 13395745 18292555 3412330 3376564 9983415 14915991 THE OAKS ACADEMY OFFERS AN ISACS (INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES) ACCREDITED LIBERAL ARTS EDUCATION FOR STUDENTS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE MISSION OF THE OAKS IS TO BE A CHRIST-CENTERED SCHOOL THAT PROVIDES A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS, PREPARING THEM TO SUCCEED IN A RIGOROUS SECONDARY EDUCATIONAL PROGRAM AND TO DEMONSTRATE SPIRITUAL, SOCIAL AND EMOTIONAL MATURITY. false false 13507342 17001686 INSTRUCTION FOR GRADES PRE-K THROUGH GRADE 8 (EDUCATING APPROXIMATELY 1101 STUDENTS). 13507342 true true false false false false false false false true true false false false true false false true true false false false false false false false false false false true false false false false false false false false false false true false false false false true true true false false true 12 0 true 320 true false false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false false true true true true true true true true false false IN X Kara Hakos 3179313043 1301 E 16th St Indianapolis IN 46202 ALICIA SANDERS VICE CHAIR 2.0 0.0 X X 0 0 0 JOE MEYER CHAIR 2.0 2.0 X X 0 0 0 KAREGA RAUSCH TREASURER 2.0 0.0 X X 0 0 0 SHANNON WILLIAMS CHAIR EMERTIS 2.0 2.0 X X 0 0 0 TAYLOR BROWN SECRETARY 2.0 0.0 X X 0 0 0 ANGELA WHITE-RANDOLPH BOARD MEMBER 2.0 0.0 X 0 0 0 DIAMOND MCDONALD BOARD MEMBER 2.0 0.0 X 0 0 0 JIM STANLEY BOARD MEMBER 2.0 0.0 X 0 0 0 KARA HAWKINS BOARD MEMBER 2.0 0.0 X 0 0 0 Marcia Roberts Board Member 2.0 0.0 X 0 0 0 Ryan Waggoner Board Member 2.0 0.0 X 0 0 0 SCOTT KIESEL BOARD MEMBER 2.0 0.0 X 0 0 0 SHONDRIA SEATON BOARD MEMBER 2.0 0.0 X 0 0 0 STEPHANIE BOTHUN BOARD MEMBER 2.0 0.0 X 0 0 0 Steve Kerr Board Member 2.0 0.0 X 0 0 0 STEVE O'NEIL BOARD MEMBER 2.0 0.0 X 0 0 0 TAWANA WARE BOARD MEMBER 2.0 0.0 X 0 0 0 ANDREW HART CEO 40.0 2.0 X 244717 0 23405 BRUCE CRAWFORD HEAD OF SCHOOL - FALL CREEK 40.0 0.0 X 124333 0 3730 KELLY ALTMAN HEAD OF SCHOOL - BROOKSIDE 40.0 0.0 X 143732 0 15074 LAURA GRAMMER HEAD OF SCHOOL - MIDDLE SCHOOL 40.0 0.0 X 141358 0 5041 Michael Updike Chief Technology Officer 40.0 0.0 X 112012 0 25720 NATHAN HAND DIRECTOR OF ADVANCEMENT 40.0 0.0 X 139053 0 22420 TIM DOOLEY CFO 40.0 2.0 X 63024 0 6644 968229 0 102034 6 false true false 0 8652 43762 3962462 27363 4014876 TUITION AND FEES 611600 15965214 15965214 STUDENT ACTIVITY FEES 611710 486678 486678 AUXILIARY SERVICES 611710 413494 413494 OTHER REVENUE 900099 136300 136300 0 0 0 0 17001686 503227 503227 0 0 0 0 0 0 0 0 0 21519789 17001686 0 503227 1071643 860336 142789 68518 9211904 7341926 1263286 606692 123687 91837 21517 10333 914833 814620 67702 32511 752594 605781 99184 47629 303456 303456 0 0 0 0 319673 70660 249013 217605 208719 6003 2883 87285 74808 4891 7586 1756040 1704677 30652 20711 3958 232 519 3207 331258 290534 28450 12274 4224 3401 823 113979 90911 15584 7484 156752 156752 ACADEMICS & EXTRACURRICULAR 546682 535810 7345 3527 EDUCATIONAL MATERIALS 487403 487403 MEAL & UNIFORM EXPENSES 385118 381739 3379 All Other Expenses 36795 14608 22187 0 0 0 0 16824889 13507342 2241800 1075747 0 0 9249749 13420584 2240831 268423 1104048 3785627 0 0 0 0 460141 481207 1437813 1211219 246184 226594 0 0 94792 110120 0 0 13395745 18292555 1577631 706681 1739907 2576397 0 0 94792 93486 3412330 3376564 X 4565360 9364704 5418055 5551287 9983415 14915991 13395745 18292555 4694900 71333 166343 0 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 415901 815007 71094 1302002 313722 70739 31440 415901 173927 133750 6045 313722 175985 -2058 173927 139385 36600 175985 0.456 0.544 0.0 true false 1437813 1211219 226594 226594 Federal Income Taxes Lease Liability 93486 93486 21705947 71333 114825 0 186158 21519789 0 0 21519789 16773371 114825 -166343 0 -51518 16824889 0 0 16824889 Schedule D, Part X ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE OAKS ACADEMY, INC. HOLD INVESTMENTS IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE ORGANIZATION PUBLISHES ITS NONDISCRIMINATION POLICY THROUGH THE WEBSITE, MISSION STATEMENT AND THE WHOLE APPLICATION PROCESS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE ORGANIZATION RECEIVES ASSISTANCE FOR FREE AND REDUCED LUNCH PROGRAM, TITLE FUNDED EDUCATIONAL SUPPORT, AND CHOICE SUPPORT VOUCHER PROGRAM. X X X false false false false false false false false false ANDREW HART CEO 244435 0 0 0 282 0 7718 0 15687 0 268122 0 0 0 KELLY ALTMAN HEAD OF SCHOOL - BROOKSIDE 143450 0 0 0 282 0 3250 0 11824 0 158806 0 0 0 NATHAN HAND DIRECTOR OF ADVANCEMENT 138771 0 0 0 282 0 4337 0 18083 0 161473 0 0 0 X COMPUTER HARDWARE <$10000/UNIT 27363 Cost 0 false false false Schedule M, Part I Explanations of reporting method for number of contributions Other - COMPUTER HARDWARE <$10000/UNIT Combination Form 990, Part VI, Line 11b Review of form 990 by governing body THE CFO PERFORMS A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING. ALL BOARD MEMEBERS WILL RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST QUESTIONNAIRE IS PROVIDED ANNUALLY AT THE BOARD RETREAT. THE HEAD OF SCHOOL AND BOARD CHAIR REVIEW THE RESPONSES AND DETERMINE THE APPROPRIATE ACTION. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST DOES NOT PARTICIPATE IN DECISION-MAKING OR VOTE ON THE RELATED TOPICS. Form 990, Part VI, Line 15a Process to establish compensation of top management official USING COMPARABLE DATA FROM THE INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE CEO'S COMPENSATION. THE LAST REVIEW WAS CONDUCTED IN MAY 2024. THE BUDGET, EXECUTIVE, AND FINANCE COMMITTEES REVIEW AND APPROVE OFFICER COMPENSATION. THE LAST REVIEW WAS CONDUCTED IN JULY 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CEO, CFO, AND FINANCE COMMITTEE ALSO EVALUATED COMPENSATION FOR KEY EMPLOYEES AND OTHER OFFICERS IN 2025. DISCUSSION OF COMPENSATION IS NOTED IN THE BOARD'S MINUTES. THE CEO, CFO, AND FINANCE COMMITTEE ALSO EVALUATED COMPENSATION FOR KEY EMPLOYEES AND OTHER OFFICERS IN 2025.T HE COMPENSATION REVIEW PROCESS HAS BEEN USED FOR THE POSITIONS OF CEO, CFO, HEADS OF SCHOOL, CHIEF OPERATIONS OFFICER AND CHIEF ADVANCEMENT OFFICER. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO ALL THOSE WHO AWARD THE ACADEMY A GRANT. AN ANNUAL REPORT IS COMPILED AND SENT OUT TO DONORS EACH FISCAL YEAR. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 1 SCHOLARSHIP GRANTING ORGANIZATIONS, CONTRIBUTIONS, AND GRANTS DURING THE YEAR, THE OAKS ACADEMY RECEIVED $8,933,509 FROM VARIOUS SCHOLARSHIP GRANTING ORGANIZATIONS. THE USE OF THESE FUNDS IS RESTRICTED TO STUDENT SCHOLARSHIPS AND PER FEDERAL LAW IS NOT RECOGNIZED AS CONTRIBUTION REVENUE THUS NOT REPORTED ON THE FORM 990. INDIVIDUALS CONTRIBUTING TO THE ORGANIZATION THROUGH THESE VEHICLES RECEIVE SPECIFIC TAX BENEFITS IN THE STATE OF INDIANA. THE OAKS COMMUNITY CENTER 2301 N PARK AVE INDIANAPOLIS IN 46205 261529969 RENT FACILITY IN 501(c)(3) 10 OAKS ACADEMY true false false false true false false false false false false true false false true true true true false false