2015-06-08T10:16:30-05:00 2014-07-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2013-08-01 352050595 THE OAKS ACADEMY INC % ANDREW HART OAKS 3179313043 2301 N PARK AVENUE Suite INDIANAPOLIS IN 46205 ANDREW HART HEAD OF SCHOOL 3179313043 2015-06-15 true NICOLE B FISHBACK P01279475 3179313043 2013 2016-02-25 16:41:14Z ANDREW HART 2301 N PARK AVENUE INDIANAPOLIS IN 46205 6372815 false X WWW.THEOAKSACADEMY.ORG X 1998 IN TO PROVIDE A CHRIST-CENTERED SCHOOL THAT EXISTS TO PROVIDE A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS. 14 14 104 50 0 0 1401913 854394 4575367 5518362 71 59 0 0 5977351 6372815 1026703 371891 0 0 3617766 4408392 0 0 242473 1404157 1568895 6048626 6349178 -71275 23637 632802 694115 721545 758646 -88743 -64531 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 5675641 371891 5518362 INSTRUCTION FOR GRADES PRE-K THROUGH GRADE 8 (EDUCATING APPROXIMATELY 560 STUDENTS). 5675641 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 false true true false false false false false false false false true false false false false true true false false false true 27 0 true 104 true false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false IN X ANDREW HART 3179313043 2301 N PARK AVENUE INDIANAPOLIS IN 46205 BRYAN BRENNER CHAIR 2.0 2.0 X X 0 0 0 KURT MAHRDT BOARD 2.0 0.0 X 0 0 0 JOANNA TAFT BOARD 2.0 0.0 X 0 0 0 STEVE WEYRETER VICE-CHAIR 2.0 2.0 X X 0 0 0 LAYNE HOEKEMA TREASURER 2.0 2.0 X X 0 0 0 DENNIS BARLOW BOARD 2.0 0.0 X 0 0 0 ANASTASIA DEMOS-MILLS SECRETARY 2.0 2.0 X X 0 0 0 GREG ENAS BOARD 2.0 0.0 X 0 0 0 TYLER SADEK BOARD 2.0 0.0 X 0 0 0 HENRY JANZEN BOARD 2.0 0.0 X 0 0 0 HELMI BANTA BOARD 2.0 0.0 X 0 0 0 PAT DUBACH BOARD 2.0 0.0 X 0 0 0 TINA GRIDIRON BOARD 2.0 0.0 X 0 0 0 LEE LANGE BOARD 2.0 0.0 X 0 0 0 ANDREW HART HEAD OF SCHOOL, FALL CREEK 40.0 2.0 X 153013 0 19384 KELLY ALTMAN HEAD OF SCHOOL, BROOKSIDE 40.0 0.0 X 73596 0 34234 LAURA GRAMMER ACADEMIC DEAN 40.0 0.0 X 92566 0 5066 DAVID WILKINSON CFO (April 2014 - July 2014) 40.0 X 0 0 0 319175 0 58684 1 false true false 0 9000 845394 5946 854394 TUITION AND FEES 611600 5251585 5251585 STUDENT ACTIVITY FEES 611710 162521 162521 AUXILIARY SERVICES 611710 101136 101136 OTHER REVENUE 900099 3120 3120 5518362 59 59 0 0 0 0 0 0 0 0 0 0 6372815 5518362 59 0 371891 371891 0 0 377860 330627 30229 17004 0 3188225 2789697 255058 143470 561647 491441 44932 25274 280660 245577 22453 12630 0 0 0 83422 72994 6674 3754 0 0 0 1380 1208 110 62 0 146637 128307 11731 6599 24764 21669 1981 1114 0 582800 509950 46624 26226 0 0 25721 22506 2058 1157 0 0 75190 65791 6015 3384 39988 34990 3199 1799 ACADEMICS & EXTRACURRICULAR 343711 343711 EDUCATIONAL MATERIALS 103534 103534 MEAL & UNIFORM EXPENSES 119630 119630 BAD DEBT EXPENSE 13885 13885 8233 8233 6349178 5675641 431064 242473 100 190 340885 348231 0 0 89307 38620 0 0 0 0 0 0 0 0 61814 147464 781779 622169 140696 159610 0 0 0 0 0 0 0 0 0 0 632802 694115 239088 238528 0 0 482457 520118 0 0 0 0 0 0 0 0 0 0 0 0 721545 758646 X -192323 -155609 101747 89245 1833 1833 -88743 -64531 632802 694115 23637 575 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1785 -48 1737 1833 -48 1785 6030 -4197 1833 6078 -48 6030 6126 -48 6078 1.00000 false false 781779 622169 159610 0 159610 6001499 575 575 6000924 371891 371891 6372815 5977287 5977287 371891 371891 6349178 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE OAKS HOLDS AN INVESTMENT IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS. FIN 48 Disclosure Schedule D, Part X 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. OTHER ADJUSTMENTS SCHEDULE D, PARTS XI & XII, LINE 4B SCHOLARSHIPS AND GRANTS-IN-AID $ 371,891 true true true true true true true false false false false false false false false true false true PUBLICATION OF NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 PUBLICIZE IN THE INDIANAPOLIS STAR NEWSPAPER. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A ASSISTANCE FOR FREE AND REDUCED LUNCH PROGRAM, TITLE I FUNDED EDUCATIONAL SUPPORT, AND CHOICE SUPPORT VOUCHER PROGRAM. true FINANCIAL ASSISTANCE FOR TUITION 459 371891 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2. THE BOARD CONDUCTS REGULAR QUARTERLY REVIEWS OF FINANCIAL REPORTS TO ENSURE APPROPRIATE USE OF GRANT FUNDS. X X X false false false false false false false false false ANDREW HART HEAD OF SCHOOL, FALL CREEK 153013 0 0 0 0 0 0 0 19384 0 172397 0 0 0 X 530 X MAILINGS & POSTCARDS 1 862 0 X PLAQUE 1 172 0 X PIANO 1 1660 0 X PAPER PRODUCTS AND FOOD 1 515 0 X BEAKERS AND THERMOMETER 1 20 0 X GIFT CARDS 1 115 0 X WINDOW BLINDS 1 414 0 X FITNESS EQUIPMENT 1 33 0 X PHONE SYSTEM 1 1500 0 X DESK AND OFFICE SUPPLIES 1 125 0 false true true THIRD PARTIES WHO SELL NONCASH GIFTS PART I, LINE 32A THE ORGANIZATION USES MERRILL LYNCH TO SELL STOCK DONATIONS. PROCESS TO REVIEW THE FORM 990 FORM 990, PART VI, QUESTION 11B A COPY OF THE 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. THE FINANCE COMMITTEE OF THE BOARD WILL PREFORM 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. PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C 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 TOPIC. REVIEW OF TOP MANAGEMENT AND OTHER OFFICER OR KEY EMPLOYEES COMPENSATION FORM 990, PART VI, QUESTION 15A & 15B USING COMPARABLE DATA FROM THE INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE HEAD OF SCHOOL'S COMPENSATION. THE LAST REVIEW WAS CONDUCTED IN MAY 2014. THE BUDGET, EXECUTIVE, AND FINANCE COMMITTEES REVIEW AND APPROVE OFFICER COMPENSATION. THE LAST REVIEW WAS CONDUCTED IN JUNE 2014. DISCUSSION OF COMPENSATION IS NOTED IN THE BOARD'S MINUTES. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS FORM 990, PART VI, LINE 19 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 ORGANIZATION CONTRIBUTIONS AND GRANTS DURING THE YEAR, THE OAKS ACADEMY RECEIVED $2,327,055 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. 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