THE OAKS ACADEMY INC Charity Report

Public IRS 990 nonprofit record

THE OAKS ACADEMY INC

EIN 35-2050595 · Primary & Elementary Schools (B24)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

62.77%of revenue went to mission work80.3% of expenses · Program services

5.00%of revenue went to fundraising6.4% of expenses

$78.18spent for every $100 of revenueRevenue covered expenses this year.

10.42%of revenue went to management and office costs13.3% of expenses

$1.09in assets for every $1 spent this yearSome assets cannot be spent right away.

18.7%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $268,122 for ANDREW HART (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$21,519,789

Mission workProgram services$13,507,34262.77% of revenue80.3% of expenses

ManagementOffice and general costs$2,241,80010.42% of revenue13.3% of expenses

FundraisingAsking for donations$1,075,7475.00% of revenue6.4% of expenses

Revenue left after expensesReported annual surplus$4,694,90021.82% of revenueShown in gray on the chart

Total expenses$16,824,88978.18% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.3% mission · 13.3% management · 6.4% fundraisingTotal expenses: 78.18% of revenue

2023Expense mix: 80.8% mission · 13.1% management · 6.1% fundraisingTotal expenses: 87.32% of revenue

2022Expense mix: 83.4% mission · 12.6% management · 4.0% fundraisingTotal expenses: 77.46% of revenue

2021Expense mix: 83.6% mission · 12.6% management · 3.8% fundraisingTotal expenses: 100.65% of revenue

2020Expense mix: 83.9% mission · 11.9% management · 4.2% fundraisingTotal expenses: 77.36% of revenue

2019Expense mix: 86.0% mission · 10.4% management · 3.6% fundraisingTotal expenses: 113.95% of revenue

2018Expense mix: 82.8% mission · 12.4% management · 4.8% fundraisingTotal expenses: 104.50% of revenue

2017Expense mix: 80.9% mission · 12.6% management · 6.5% fundraisingTotal expenses: 94.79% of revenue

Money in and money out

Revenue$21,519,789

Expenses$16,824,889

Annual surplus $4,694,900 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$13,507,342 · 80.3% of expenses

Management and office costs$2,241,800 · 13.3% of expenses

Fundraising$1,075,747 · 6.4% of expenses

See all reported dollar amounts

Revenue$21,519,789

Expenses$16,824,889

Assets$18,292,555

Income$18,067,375

Contributions$4,014,876

Mission work (program services)$13,507,342

Fundraising$1,075,747

Grants given$5,020,510

Average grant$836,752

Management and general$2,241,800

Accounting fees$303,456

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANDREW HARTCEO · 40 hrs/week $268,122Base $244,717 · Other $23,405

NATHAN HANDDIRECTOR OF ADVANCEMENT · 40 hrs/week $161,473Base $139,053 · Other $22,420

KELLY ALTMANHEAD OF SCHOOL - BROOKSIDE · 40 hrs/week $158,806Base $143,732 · Other $15,074

LAURA GRAMMERHEAD OF SCHOOL - MIDDLE SCHOOL · 40 hrs/week $146,399Base $141,358 · Other $5,041

MICHAEL UPDIKECHIEF TECHNOLOGY OFFICER · 40 hrs/week $137,732Base $112,012 · Other $25,720

BRUCE CRAWFORDHEAD OF SCHOOL - FALL CREEK · 40 hrs/week $128,063Base $124,333 · Other $3,730

TIM DOOLEYCFO · 40 hrs/week $69,668Base $63,024 · Other $6,644

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

ANDREW HARTCEO

NATHAN HANDDIRECTOR OF ADVANCEMENT

KELLY ALTMANHEAD OF SCHOOL - BROOKSIDE

LAURA GRAMMERHEAD OF SCHOOL - MIDDLE SCHOOL

MICHAEL UPDIKECHIEF TECHNOLOGY OFFICER

BRUCE CRAWFORDHEAD OF SCHOOL - FALL CREEK

TIM DOOLEYCFO

RYAN WAGGONERBOARD MEMBER

TAYLOR BROWNSECRETARY

TAWANA WAREBOARD MEMBER

STEVE ONEILBOARD MEMBER

STEVE KERRBOARD MEMBER

STEPHANIE BOTHUNBOARD MEMBER

SHONDRIA SEATONBOARD MEMBER

SHANNON WILLIAMSCHAIR EMERTIS

SCOTT KIESELBOARD MEMBER

JIM STANLEYBOARD MEMBER

ANGELA WHITE-RANDOLPHBOARD MEMBER

ALICIA SANDERSVICE CHAIR

MARCIA ROBERTSBOARD MEMBER

DIAMOND MCDONALDBOARD MEMBER

KAREGA RAUSCHTREASURER

KARA HAWKINSBOARD MEMBER

JOE MEYERCHAIR

About this charity

Recognized since: January 1999
Location: 2301 N Park Ave, Indianapolis, IN 46205
County: Marion
In care of: Kara Hakos
Primary officer: Kara Hakos, CFO

How to reach them

WebsiteVisit the charity’s website Phone(317) 931-3043

Filing and classification

Latest tax year: 2024
Tax period began: August 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Primary & Elementary Schools (B24)
IRS tax category: Primary & Elementary Schools
Grant-giving organization: Yes