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Silver Oak Academy FY2020 filing

Tax-deductible

Keymar, MD501(c)(3)Since 2009EducationEIN 27-0407260Revenue $2.0M in FY2020

On file with the IRSPo Box 250, 21757-0250 · Keymar, MDTax-exempt since Oct 2025School — 170(b)(1)(A)(ii)

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Silver Oak Academy strives to create an environment where students achieve academic excellence and demonstrate respect and responsibility

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $109K a year · 16% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
218% of total assets
Concern: liabilities are 218% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$2.0M
To programs
80%
Net assets
−$790K
By yearFY2020–FY2026
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2023−$167K
FY2024$0
FY2025$63K
FY2026$84K
Expenses
$2.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2023$412K
FY2024$12K
FY2025$66K
FY2026$84K
Net assets
−$790K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$790K
FY2021−$821K
FY2023−$1.6M
FY2024−$1.7M
FY2025−$1.7M
FY2026−$1.7M

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Exemption reinstated (2024-11-15). Per the IRS revocation list. Latest filing on record: FY2026. IRS ruling in Oct 2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.6M Management & general 20% · $404K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Bill Derr
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Silver Oak Academy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps students excel academically and learn respect and responsibility.

Questions for Silver Oak Academy

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2019
01

Provided educational and vocational services for 36 boys in the juvenile justice system.

$1.6Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$404K
Owns and owesPt X
−$790K
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$672K
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$279K
Cash and savings togetherLn 1–2$279K
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$672K
LiabilitiesLn 26$1.5M
Net assetsLn 32−$790K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$109K$279K
Land, buildings, equipmentLn 10c$57K$40K
Total assetsLn 16$554K$672K
LiabilitiesLn 26$1.3M$1.5M
Net assetsLn 32−$762K−$790K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$876K$745K$130K
Pension plan contributionsLn 8$12K$12K
Other employee benefitsLn 9$59K$50K$9K
Payroll taxesLn 10$76K$65K$11K
Management feesLn 11a$201K$80K$121K
Accounting feesLn 11c$495$495
Other fees for servicesLn 11g$30K$30K
Office expensesLn 13$4K$3K$1K
OccupancyLn 16$627K$539K$88K
InterestLn 20$297$297
Depreciation, depletion and amortizationLn 22$17K$15K$2K
Other expenses (24a–d)Ln 24$111K$107K$4K
All other expensesLn 24e$23K$17K$6K
Total functional expensesLn 25$2.0M$1.6M$404K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $84K$84K$277−$1.7M 990 PDF
FY2025 $63K$66K−$3K−$1.7M 990 PDF
FY2024 $0$12K−$12K−$1.7M 990 PDF
FY2023 −$167K$412K−$579K−$1.6M 990 PDF
FY2022 Not on file
FY2021 $2.0M$2.0M−$31K−$821K 990 PDF
FY2020 Viewing $2.0M$2.0M−$28K−$790K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $2,008,884 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,712,350$2,008,884
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,712,350$2,008,884
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,078,861$1,022,636
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,111,001$1,013,750
I-18 Total expensesPrior year $2,189,862$2,036,386
I-19 Revenue less expensesPrior year −$477,512−$27,502
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,008,884 across 2 lines filed
Lines not itemized here account for $1,072 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,007,812$2,007,812
VIII-12 Total revenueRelated to mission $2,008,884$2,008,884
Part IX · Statement of functional expenses $2,036,386 across 13 lines filed
IX-7 Other salaries and wagesPrograms $745,052 · Management $130,454$875,506
IX-8 Pension plan contributionsPrograms $12,084$12,084
IX-9 Other employee benefitsPrograms $50,077 · Management $8,768$58,845
IX-10 Payroll taxesPrograms $64,846 · Management $11,355$76,201
IX-11a Management feesPrograms $80,413 · Management $120,619$201,032
IX-11c Accounting feesManagement $495$495
IX-11g Other fees for servicesManagement $30,087$30,087
IX-13 Office expensesPrograms $2,687 · Management $1,405$4,092
IX-16 OccupancyPrograms $539,169 · Management $87,771$626,940
IX-20 InterestManagement $297$297
IX-22 Depreciation, depletion and amortizationPrograms $14,771 · Management $2,405$17,176
IX-24 Other expenses (24a–d)Programs $107,055 · Management $4,061$111,116
IX-24e All other expensesPrograms $16,627 · Management $5,888$22,515
IX-25 Total functional expensesPrograms $1,632,781 · Management $403,605 · Fundraising $0$2,036,386
Part X · Balance sheet $671,970 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $108,563$278,953
X-4 Accounts receivableStart of year $387,692$349,645
X-9 Prepaid expenses and deferred chargesStart of year $10$3,272
X-10c Land, buildings and equipment, netStart of year $57,277$40,100
X-16 Total assetsStart of year $553,542$671,970
X-17 Accounts payable and accrued expensesStart of year $1,315,972$1,264,674
X-24 Unsecured notes and loans payable$197,228
X-26 Total liabilitiesStart of year $1,315,972$1,461,902
X-27 Net assets without donor restrictionsStart of year −$762,430−$789,932
X-32 Total net assets or fund balancesStart of year −$762,430−$789,932
X-33 Total liabilities and net assetsStart of year $553,542$671,970
Part XI · Reconciliation of net assets −$789,932 net assets at year end
XI-1 Total revenue$2,008,884
XI-2 Total expenses$2,036,386
XI-3 Revenue less expenses−$27,502
XI-4 Net assets at start of year−$762,430
XI-10 Net assets at end of year−$789,932

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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