2019-06-14T13:31:05-05:00 2018-07-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2017-08-01 352050595 THE OAKS ACADEMY INC % MICHAEL ERLER OAKS 3179313043 2301 N PARK AVENUE INDIANAPOLIS IN 46205 MICHAEL ERLER CFO 3179313043 2019-06-15 true NICOLE B FISHBACK P01279475 3173834000 2019-06-15 167.68.126.162 43033020191655000017 2019-06-14 P 885952F791C70760450DB749D3DA7994FEB21372 B77B5E581F806D9CFF6850E50A3C51F547167C74 2017 2019-02-21 02:37:17Z ANDREW HART 2301 N PARK AVENUE INDIANAPOLIS IN 46205 11302865 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 15 258 100 0 2033451 2053525 8072781 9235987 4 13353 -58787 0 10047449 11302865 1319984 884277 0 0 6199371 6869441 0 0 692620 2647784 2960202 10167139 10713920 -119690 588945 2917867 3505448 1471641 1470277 1446226 2035171 X 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 8671666 884277 9235987 INSTRUCTION FOR GRADES PRE-K THROUGH GRADE 8 (EDUCATING APPROXIMATELY 810 STUDENTS). 8671666 true true false false false false false false false true true false false false false false false true true false false false false false false false false true true true false false false false false false false false false false false false false true true true false false true 6 0 258 true true true false false false false true true 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 MICHAEL ERLER 3179313043 1301 E 16TH ST INDIANAPOLIS IN 46202 SHIRLEY ALEXANDER BOARD MEMBER 2.0 0.0 X 0 0 0 DENNIS BARLOW CHAIR 2.0 2.0 X X 0 0 0 JOHN BURT BOARD MEMBER 2.0 0.0 X 0 0 0 STASIA DEMOS-MILLS SECRETARY 2.0 2.0 X X 0 0 0 TINA GRIDIRON VICE CHAIR 2.0 2.0 X X 0 0 0 THAKENA HOGUE BOARD MEMBER 2.0 0.0 X 0 0 0 MICHAEL HUBER BOARD MEMBER 2.0 0.0 X 0 0 0 JASON KLOTH BOARD MEMBER 2.0 0.0 X 0 0 0 TERRY LYONS BOARD MEMBER 2.0 0.0 X 0 0 0 JOE MEYER BOARD MEMBER 2.0 0.0 X 0 0 0 BRIAN MILLEN BOARD MEMBER 2.0 0.0 X 0 0 0 DAVE SMITSON TREASURER 2.0 2.0 X X 0 0 0 MITCH TULL BOARD MEMBER 2.0 0.0 X 0 0 0 ERIC WELP BOARD MEMBER 2.0 0.0 X 0 0 0 SHANNON WILLIAMS BOARD MEMBER 2.0 0.0 X 0 0 0 ANDREW HART CEO 40.0 2.0 X 206098 0 13853 BRUCE CRAWFORD HEAD OF SCHOOL - FALL CREEK 40.0 0.0 X 94463 0 3346 KELLY ALTMAN HEAD OF SCHOOL - BROOKSIDE 40.0 0.0 X 115481 0 11150 LAURA GRAMMER HEAD OF SCHOOL - MIDDLE SCHOOL 40.0 0.0 X 113871 0 6835 MICHAEL ERLER CFO 40.0 0.0 X 103181 0 15143 NATHAN HAND DIRECTOR OF ADVANCEMENT 40.0 0.0 X 112739 0 10365 745833 0 60692 5 false true false 0 6189 2047336 16476 2053525 TUITION AND FEES 611600 8804418 8804418 STUDENT ACTIVITY FEES 611710 263693 263693 AUXILIARY SERVICES 611710 144688 144688 OTHER REVENUE 900099 23188 23188 9235987 13353 13353 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11302865 9235987 13353 48614 48614 835663 835663 0 0 806527 613686 127440 65401 0 4913320 3892286 709374 311660 64851 38038 17672 9141 643979 524223 78930 40826 440764 352301 58305 30158 0 0 101182 10200 90982 0 0 0 0 33958 5711 28247 217991 164939 22923 30129 17778 11730 -4357 10405 0 885349 716592 111226 57531 6550 963 5587 0 48535 39996 5628 2911 0 0 105635 86548 12580 6507 53436 53436 ACADEMICS & EXTRACURRICULAR 497618 497618 EDUCATIONAL MATERIALS 269647 269647 MEAL & UNIFORM EXPENSES 172367 168351 4016 BAD DEBTS 97601 52308 45293 452555 348926 58821 44808 10713920 8671666 1349634 692620 247 247 1762637 2631937 401749 66837 67723 116772 0 0 0 0 0 0 0 0 311891 294498 1394526 999369 373620 395157 0 0 0 0 0 0 0 0 0 0 2917867 3505448 564175 515984 0 0 907466 954293 0 0 0 0 0 0 0 0 0 0 0 0 1471641 1470277 X 823763 1741361 583261 266977 39202 26833 1446226 2035171 2917867 3505448 588945 X false true X true false X 1637 -48 1589 1686 -49 1637 1689 -3 1686 1737 -48 1689 1785 -48 1737 1.00000 false false 1394526 999369 395157 395157 10530831 63629 63629 10467202 835663 835663 11302865 9941886 63629 63629 9878257 835663 835663 10713920 FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE OAKS ACADEMY, INC. HOLDS AN INVESTMENT IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS. FORM 990, SCHEDULE D, PART X FIN 48 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. FORM 990, SCHEDULE D, PART XI & XII, LINE 4B OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS-IN-AID $835,663 true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART I, LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY: THE ORGANIZATION PUBLISHES ITS NON DISCRIMINATION POLICY THROUGH THE WEBSITE, MISSION STATEMENT AND THE WHOLE APPLICATION PROCESS. FORM 990, SCHEDULE E, PART I, LINE 6A FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY: THE ORGANIZATION RECEIVES ASSISTANCE FOR FREE AND REDUCED LUNCH PROGRAM, TITLE I FUNDED EDUCATIONAL SUPPORT, AND CHOICE SUPPORT VOUCHER PROGRAM. true The Oaks Community Center 2301 N Park Avenue Indianapolis IN 46205 261529969 501(C)(3) 48614 PROGRAM SUPPORT 1 FINANCIAL ASSISTANCE FOR TUITION 617 835663 0 FORM 990, SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S.: THE BOARD CONDUCTS REGULAR QUARTERLY REVIEWS OF FINANCIAL REPORTS TO ENSURE APPROPRIATE USE OF GRANT FUNDS. X X X X false false false false false false false false false ANDREW HART CEO 206098 0 0 0 0 0 6360 0 7493 0 219951 0 FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: A COPY OF THE 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. THE FINANCE COMMITTEE OF THE BOARD WILL PERFORM A DETAILED REVIEW AND REPORT THEIR OPINION TO THE FULL BOARD AT THE NEXT BOARD MEETING. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH 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, SECTION B, LINE 15A & 15B REVIEW OF TOP MANAGEMENT AND OTHER OFFICER OR KEY EMPLOYEES COMPENSATION: 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 2017. THE BUDGET, EXECUTIVE, AND FINANCE COMMITTEES REVIEW AND APPROVE OFFICER COMPENSATION. THE LAST REVIEW WAS CONDUCTED IN JULY 2018. THE CEO, CFO, AND FINANCE COMMITTEE ALSO EVALUATED COMPENSATION FOR KEY EMPLOYEES AND OTHER OFFICERS IN 2018. 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 2018. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS: 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. SCHOLARSHIP GRANTING ORGANIZATIONS CONTRIBUTIONS AND GRANTS: DURING THE YEAR, THE OAKS ACADEMY RECEIVED $3,809,309 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 true false false false false false false false false true false false true true true true false false