2025-06-16T13:30:04+00:00 2024-07-31 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2023-08-01 352050595 The Oaks Academy Inc OAKS 3179313043 2301 N Park Ave Indianapolis IN 46205 Tim Dooley CFO 3179313043 2025-06-16 true Nicole Fishback P01279475 3173834000 2025-06-16 2023 2025-03-06 01:10:19Z Andrew Hart 2301 N Park Ave Indianapolis IN 46205 18067375 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 15 310 100 0 0 6787779 2273586 14538856 15411545 177761 357407 0 21504396 18042538 1786545 270106 0 10380677 11256903 0 961536 4489377 4227953 16656599 15754962 4847797 2287576 11021673 13395745 3402982 3412330 7618691 9983415 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 12728751 270106 15411545 INSTRUCTION FOR GRADES PRE-K THROUGH GRADE 8 (EDUCATING APPROXIMATELY 1052 STUDENTS). 12728751 true true 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 true true false false false false false false false false false false false false false true true true false false true 16 0 true 310 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 true true true true true true true true false IN X Tim Dooley 3179313043 1301 E 16th St Indianapolis IN 46202 JOE MEYER VICE CHAIR 2.0 2.0 X X 0 0 0 JOSHUA ABEL SECRETARY 2.0 2.0 X X 0 0 0 SHANNON WILLIAMS CHAIR 2.0 2.0 X X 0 0 0 ALICIA SANDERS BOARD MEMBER 2.0 0.0 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 KAREGA RAUSCH 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 O'NEIL BOARD MEMBER 2.0 0.0 X 0 0 0 TAWANA WARE BOARD MEMBER 2.0 0.0 X 0 0 0 TAYLOR BROWN BOARD MEMBER 2.0 0.0 X 0 0 0 ANDREW HART CEO 40.0 2.0 X 232085 0 22992 BRUCE CRAWFORD HEAD OF SCHOOL - FALL CREEK 40.0 0.0 X 119763 0 3593 DEREK JOHNSON CFO (END 6/30/24) 40.0 2.0 X 115942 0 24058 KELLY ALTMAN HEAD OF SCHOOL - BROOKSIDE 40.0 0.0 X 141456 0 15101 LAURA GRAMMER HEAD OF SCHOOL - MIDDLE SCHOOL 40.0 0.0 X 135640 0 5144 Michael Updike Chief Technology Officer 40.0 0.0 X 108185 0 11851 NATHAN HAND DIRECTOR OF ADVANCEMENT 40.0 0.0 X 135164 0 20016 Tim Dooley CFO (START 5/29/24) 40.0 2.0 X 0 0 0 988235 0 102755 7 false true false 0 44881 2228705 2273586 TUITION AND FEES 611600 14606820 14606820 STUDENT ACTIVITY FEES 611710 421392 421392 AUXILIARY SERVICES 611710 354691 354691 OTHER REVENUE 900099 28642 28642 0 0 0 0 15411545 361708 361708 0 0 20536 24837 0 -4301 -4301 -4301 0 0 0 0 0 18042538 15411545 0 357407 270106 270106 1090990 881433 142973 66584 8570797 6776566 1226704 567527 138469 99640 26541 12288 754428 656063 67237 31128 702219 560356 96970 44893 235929 235929 0 0 0 0 237463 54488 182975 143054 135426 5214 2414 106520 88468 8380 9672 1747435 1698340 29299 19796 4696 94 1951 2651 235510 220694 9871 4945 1271 948 323 146966 116485 20835 9646 131224 131224 ACADEMICS & EXTRACURRICULAR 459040 452050 4778 2212 EDUCATIONAL MATERIALS 408273 408273 MEAL & UNIFORM EXPENSES 361554 356749 4805 All Other Expenses 9018 7060 1958 0 0 0 0 15754962 12728751 2064675 961536 447 0 6278220 9249749 3307625 2240831 706393 1104048 0 0 0 0 444749 460141 2004376 1758192 217421 246184 0 0 66818 94792 0 0 11021673 13395745 1672533 1577631 1663631 1739907 0 0 66818 94792 3402982 3412330 X 2260538 4565360 5358153 5418055 7618691 9983415 11021673 13395745 2287576 77148 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 313722 70739 31440 415901 173927 133750 6045 313722 175985 -2058 173927 139385 36600 175985 137306 2079 139385 0.41 0.59 0.0 false false 2004376 1758192 246184 246184 Lease Liability 94792 94792 17883095 77148 33515 0 110663 17772432 270106 270106 18042538 15518371 33515 0 33515 15484856 270106 270106 15754962 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. HOLDS AN INVESTMENT IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships and Grants-in-Aid - 270106 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships and Grants-in-Aid - 270106 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 I FUNDED EDUCATIONAL SUPPORT, AND CHOICE SUPPORT VOUCHER PROGRAM. true FINANCIAL ASSISTANCE FOR TUITION 840 270106 FMV Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE BOARD CONDUCTS ANNUAL REVIEWS OF AUDITED FINANCIAL REPORTS TO ENSURE APPROPRIATE USE OF GRANT FUNDS. X X X false false false false false false false false false ANDREW HART CEO 232085 0 0 0 0 0 7495 0 15497 0 255077 0 0 0 KELLY ALTMAN HEAD OF SCHOOL - BROOKSIDE 141196 0 0 0 260 0 3250 0 11851 0 156557 0 0 0 NATHAN HAND DIRECTOR OF ADVANCEMENT 134904 0 0 0 260 0 4221 0 15795 0 155180 0 0 0 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. THE CEO, CFO, AND FINANCE COMMITTEE ALSO EVALUATED COMPENSATION FOR KEY EMPLOYEES AND OTHER OFFICERS IN 2024. 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 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COMPENSATION REVIEW PROCESS HAS BEEN USED FOR THE POSITIONS OF CEO, CFO, HEADS OF SCHOOL 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 $8,005,316 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 false false false false false false false true false false true true true true false false