Oasis Academy FY2020 filing

Tax-deductible

Fallon, NV501(c)(3)Since 2019EducationEIN 27-3292484

Provide education for students in grades k-12.

501(c)(3) charity; gifts are tax-deductible.
84¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.2M a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.0M
91% of total assets
Concern: liabilities are 91% 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
$6.0M
Spent
$5.8M
To programs
84%
Net assets
$617K
By yearFY2020–FY2025
Revenue
$6.0M
FY2020
Revenue by fiscal year
FY2020$6.0M
FY2021$7.1M
FY2022$6.6M
FY2023$7.9M
FY2024$13.9M
FY2025$10.0M
Expenses
$5.8M
FY2020
Expenses by fiscal year
FY2020$5.8M
FY2021$6.3M
FY2022$6.3M
FY2023$7.7M
FY2024$8.6M
FY2025$10.0M
Net assets
$617K
FY2020
Net assets by fiscal year
FY2020$617K
FY2021$1.5M
FY2022$1.8M
FY2023$2.0M
FY2024$7.3M
FY2025$7.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $4.8M Management & general 16% · $927K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
See Oasis 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

Educates students in kindergarten through twelfth grade.

Provided by the organization

This section is blank until Oasis Academy claims this page.

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1 program service account for $4.8M of program spending, described in the organization's own filed words · FY2019.
01

Provide education for students in grades k-12.

$4.8Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Gifts and grantsLn 1h$5.9M
Fees for servicesLn 2g$53K
Investment incomeLn 3$36K
Money outPt IX
$5.8M
Ln 25
Programscol B$4.8M
Managementcol C$927K
Owns and owesPt X
$617K
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$6.6M
LiabilitiesLn 26$6.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Government grantsLn 1e$5.9M
Fees for servicesLn 2g$53K
Investment incomeLn 3$36K
Other incomeLn 4–11$531
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$4.1M
Land, buildings, equipmentLn 10c$256K
Other assetsLn 15$2.1M
Total assetsLn 16$6.6M
LiabilitiesLn 26$6.0M
Net assetsLn 32$617K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.4M$4.1M
Land, buildings, equipmentLn 10c$288K$256K
Total assetsLn 16$5.2M$6.6M
LiabilitiesLn 26$4.8M$6.0M
Net assetsLn 32$390K$617K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pension plan contributionsLn 8$414K$347K$67K
Payroll taxesLn 10$925K$776K$149K
Other fees for servicesLn 11g$2.8M$2.4M$458K
OccupancyLn 16$1.2M$1.0M$200K
Depreciation, depletion and amortizationLn 22$32K$32K
Other expenses (24a–d)Ln 24$328K$275K$53K
Total functional expensesLn 25$5.8M$4.8M$927K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.0M$10.0M−$43K$7.3M 990 PDF
FY2024 $13.9M$8.6M$5.4M$7.3M 990 PDF
FY2023 $7.9M$7.7M$183K$2.0M 990 PDF
FY2022 $6.6M$6.3M$301K$1.8M 990 PDF
FY2021 $7.1M$6.3M$852K$1.5M 990 PDF
FY2020 Viewing $6.0M$5.8M$227K$617K 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 (4 parts)
Part VIII · Statement of revenue $5,997,807 across 7 lines filed
VIII-1e Government grants$5,905,424
VIII-1f All other contributions, gifts and grants$2,373
VIII-1h Total contributions, gifts and grants$5,907,797
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $53,287$53,287
VIII-3 Investment incomeExcluded from tax $36,192$36,192
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $531$531
VIII-12 Total revenueRelated to mission $531 · Unrelated business $53,287 · Excluded from tax $36,192$5,997,807
Part IX · Statement of functional expenses $5,770,874 across 6 lines filed
IX-8 Pension plan contributionsPrograms $346,769 · Management $66,803$413,572
IX-10 Payroll taxesPrograms $775,790 · Management $149,452$925,242
IX-11g Other fees for servicesPrograms $2,376,733 · Management $457,866$2,834,599
IX-16 OccupancyPrograms $1,037,600 · Management $199,889$1,237,489
IX-22 Depreciation, depletion and amortizationPrograms $31,567$31,567
IX-24 Other expenses (24a–d)Programs $275,359 · Management $53,046$328,405
IX-25 Total functional expensesPrograms $4,843,818 · Management $927,056 · Fundraising $0$5,770,874
Part X · Balance sheet $6,569,470 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $766,792$2,187,989
X-2 Savings and temporary cash investmentsStart of year $1,648,488$1,883,294
X-4 Accounts receivableStart of year $190,282$81,885
X-8 Inventories for sale or useStart of year $21,471$22,475
X-10c Land, buildings and equipment, netStart of year $287,920$256,353
X-15 Other assetsStart of year $2,294,353$2,137,474
X-16 Total assetsStart of year $5,210,924$6,569,470
X-17 Accounts payable and accrued expensesStart of year $3,766$1,984
X-25 Other liabilitiesStart of year $4,816,680$5,171,275
X-26 Total liabilitiesStart of year $4,820,446$5,952,059
X-32 Total net assets or fund balancesStart of year $390,478$617,411
X-33 Total liabilities and net assetsStart of year $5,210,924$6,569,470
Part XI · Reconciliation of net assets $617,411 net assets at year end
XI-1 Total revenue$5,997,807
XI-2 Total expenses$5,770,874
XI-3 Revenue less expenses$226,933
XI-4 Net assets at start of year$390,478
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$617,411

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

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