To support other affiliated organizations to promote the charitable and educational activities of the supported organization. To receive, manage and distribute contributions.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 5 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $25K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
15 mo
of spending, in cash
Looks good: 14.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
+121% vs prior year
Spent
$6.2M
To programs
98%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$6.3M
FY2024▲ +121%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$2.2M
FY2022$2.8M
FY2023$2.8M
FY2024$6.3M
Expenses
$6.2M
FY2024▲ +111%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$1.3M
FY2022$2.3M
FY2023$2.9M
FY2024$6.2M
Net assets
$2.4M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$2.0M
FY2022$2.4M
FY2023$2.3M
FY2024$2.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $6.1M Management & general 2% · $145K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A

Francisco Valenzuela’s $114K as Manager is at the 41st percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Francisco Valenzuela$114,056$107,677

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Oak Academies INC 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

Manages and distributes donations to support charitable and educational activities.

Questions for Oak Academies INC

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Provided by the organization

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1 program · $6.1M · in their own filed words · FY2024
01

Support activities to encourage enrollment in educational activities meanwhile managing contributions from public and private sources.

$6.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$200K
Grants paid · 9 grants · $5.0M · 2020–2024
Oaklawn INCWI · FY2024$1,714,292
Overbrook INCFY2024$1,517,210
The Legion of Christ North America INCFY2023$172,984
Overbrook INCRI · FY2023$50,968
The Legion of Christ North America INCFY2022$203,000
Overbrook INCRI · FY2021$200,000
Oaklawn INCWI · FY2020$551,451
Overbrook INCRI · FY2020$322,650
The Legion of Christ North America INCFY2020$245,926

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Gifts and grantsLn 1h$3.9M
Fees for servicesLn 2g$1.3M
Other incomeLn 4–11$1.1M
Money outPt IX
$6.2M
Ln 25
Programscol B$6.1M
Managementcol C$145K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$7.6M
Total assetsLn 16$7.9M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Fees for servicesLn 2g$1.3M
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$0
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$7.6M
SavingsLn 2$0
Cash and savings togetherLn 1–2$7.6M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$46K
Total assetsLn 16$7.9M
LiabilitiesLn 26$5.5M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.8M$7.6M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$6.2M$7.9M
LiabilitiesLn 26$3.9M$5.5M
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.2M$3.2M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$526K$526K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$37K$37K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$339$339
Payroll taxesLn 10$11K$11K
Management feesLn 11a$1.1M$1.1M
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$49K$49K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$11K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$1.2M$1.2M$34K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$6.2M$6.1M$145K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.3M$6.2M$62K$2.4M 990 PDF
FY2023 $2.8M$2.9M−$108K$2.3M 990 PDF
FY2022 $2.8M$2.3M$451K$2.4M 990 PDF
FY2021 $2.2M$1.3M$888K$2.0M 990 PDF
FY2020 $2.6M$3.8M−$1.2M$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $6,282,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $638,609$3,910,401
I-9 Program service revenuePrior year $2,297,046$1,284,225
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$98,512$1,087,555
I-12 Total revenuePrior year $2,837,143$6,282,181
I-13 Grants and similar amounts paidPrior year $336,802$3,757,299
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $62,944$48,783
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,545,116$2,413,972
I-18 Total expensesPrior year $2,944,862$6,220,054
I-19 Revenue less expensesPrior year −$107,719$62,127
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $6,282,181 across 11 lines filed
VIII-1d Related organizations$3,885,247
VIII-1f All other contributions, gifts and grants$25,154
VIII-1h Total contributions, gifts and grants$3,910,401
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,284,225$1,284,225
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,087,555$1,087,555
VIII-12 Total revenueRelated to mission $1,284,225 · Excluded from tax $1,087,555$6,282,181
Part IX · Statement of functional expenses $6,220,054 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $3,231,502$3,231,502
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $525,797$525,797
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $37,139$37,139
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $339$339
IX-10 Payroll taxesManagement $11,305$11,305
IX-11a Management feesPrograms $1,139,146$1,139,146
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $49,259$49,259
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $10,899$10,899
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $1,178,421 · Management $33,672$1,212,093
IX-24e All other expensesManagement $2,575$2,575
IX-25 Total functional expensesPrograms $6,075,205 · Management $144,849 · Fundraising $0$6,220,054
Part X · Balance sheet $7,887,971 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $4,825,856$7,573,194
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $1,363,560$268,533
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $46,244$46,244
X-16 Total assetsStart of year $6,235,660$7,887,971
X-17 Accounts payable and accrued expensesStart of year $3,912,818$5,503,002
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $3,912,818$5,503,002
X-32 Total net assets or fund balancesStart of year $2,322,842$2,384,969
X-33 Total liabilities and net assetsStart of year $6,235,660$7,887,971
Part XI · Reconciliation of net assets $2,384,969 net assets at year end
XI-1 Total revenue$6,282,181
XI-2 Total expenses$6,220,054
XI-3 Revenue less expenses$62,127
XI-4 Net assets at start of year$2,322,842
XI-10 Net assets at end of year$2,384,969

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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