Oaktree Academy INC: FY2022 Nonprofit Profile & Form 990 (EIN 46-5611781)

Revenue by fiscal year
FY2021	$978K
FY2022	$1.6M
FY2023	$1.0M
FY2024	$976K
FY2025	$1.5M

Expenses by fiscal year
FY2021	$800K
FY2022	$880K
FY2023	$961K
FY2024	$1.0M
FY2025	$1.1M

Net assets by fiscal year
FY2021	$512K
FY2022	$1.2M
FY2023	$1.2M
FY2024	$1.2M
FY2025	$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $847K Management & general 4% · $33K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Lynne Russell

Treasurersecretary

$0Pt VII · Sec A

Lisa Cooper

Exec Directorsec

$0Pt VII · Sec A

John Wilson

President

$0Pt VII · Sec A

Anita Wilson

Vice President

$0Pt VII · Sec A

See Oaktree Academy 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

Operates a day care center and administers funds for educational purposes.

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Provided by the organization

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1 program · $847K · in their own filed words · FY2021

01

Providing whole family success through high quality child care services in enriching environments where children grow into lifelong lerners.

$847Kprogram expense

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 · FY2024

Community Foundation for Muskegon CountyFY2024$200K

The Overton Family FoundationFY2024$15K

Total grants receivedfrom 2 funders$215K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.6M

Ln 12

Fees for servicesLn 2g$838K

Gifts and grantsLn 1h$714K

Investment incomeLn 3$217

Money outPt IX

$880K

Ln 25

Programscol B$847K

Managementcol C$33K

Owns and owesPt X

$1.2M

net assets · Ln 32

Cash and savingsLn 1–2$579K

Total assetsLn 16$1.3M

LiabilitiesLn 26$107K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$714K

Fees for servicesLn 2g$838K

Investment incomeLn 3$217

Total revenueLn 12$1.6M

Assets in detailPt X, end of year

CashLn 1$579K

Cash and savings togetherLn 1–2$579K

Land, buildings, equipmentLn 10c$682K

Total assetsLn 16$1.3M

LiabilitiesLn 26$107K

Net assetsLn 32$1.2M

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$313K	$579K
Land, buildings, equipmentLn 10c	$286K	$682K
Total assetsLn 16	$631K	$1.3M
LiabilitiesLn 26	$120K	$107K
Net assetsLn 32	$512K	$1.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$620K	$620K
Other employee benefitsLn 9	$3K	$3K
Management feesLn 11a	$66K	$33K	$33K
Accounting feesLn 11c	$3K	$3K
Other fees for servicesLn 11g	$25K	$25K
Advertising and promotionLn 12	$4K	$4K
Information technologyLn 14	$375	$375
OccupancyLn 16	$24K	$24K
TravelLn 17	$475	$475
Depreciation, depletion and amortizationLn 22	$20K	$20K
InsuranceLn 23	$9K	$9K
Other expenses (24a–d)Ln 24	$80K	$80K
All other expensesLn 24e	$24K	$24K
Total functional expensesLn 25	$880K	$847K	$33K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.5M	$1.1M	$417K	$1.6M	990 PDF
FY2024	$976K	$1.0M	−$30K	$1.2M	990 PDF
FY2023	$1.0M	$961K	$52K	$1.2M	990 PDF
FY2022 Viewing	$1.6M	$880K	$672K	$1.2M	990 PDF
FY2021	$978K	$800K	$178K	$512K	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 FY2022 990 (6 parts)

Part I · Summary $1,551,843 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $71,423$713,702

I-9 Program service revenuePrior year $906,258$837,924

I-10 Investment incomePrior year $283$217

I-11 Other revenue$0

I-12 Total revenuePrior year $977,964$1,551,843

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $584,289$622,862

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $215,295$256,797

I-18 Total expensesPrior year $799,584$879,659

I-19 Revenue less expensesPrior year $178,380$672,184

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

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

Part VIII · Statement of revenue $1,551,843 across 5 lines filed

VIII-1f All other contributions, gifts and grants$713,702

VIII-1h Total contributions, gifts and grants$713,702

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $837,924$837,924

VIII-3 Investment incomeExcluded from tax $217$217

VIII-12 Total revenueRelated to mission $837,924 · Unrelated business $0 · Excluded from tax $217$1,551,843

Part IX · Statement of functional expenses $879,659 across 13 lines filed

IX-7 Other salaries and wagesPrograms $619,791$619,791

IX-9 Other employee benefitsPrograms $3,071$3,071

IX-11a Management feesPrograms $33,000 · Management $33,000$66,000

IX-11c Accounting feesPrograms $2,800$2,800

IX-11g Other fees for servicesPrograms $25,465$25,465

IX-12 Advertising and promotionPrograms $4,382$4,382

IX-14 Information technologyPrograms $375$375

IX-16 OccupancyPrograms $24,023$24,023

IX-17 TravelPrograms $475$475

IX-22 Depreciation, depletion and amortizationPrograms $20,273$20,273

IX-23 InsurancePrograms $9,281$9,281

IX-24 Other expenses (24a–d)Programs $79,668$79,668

IX-24e All other expensesPrograms $24,055$24,055

IX-25 Total functional expensesPrograms $846,659 · Management $33,000 · Fundraising $0$879,659

Part X · Balance sheet $1,291,111 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $313,099$578,734

X-4 Accounts receivableStart of year $32,121$30,477

X-10c Land, buildings and equipment, netStart of year $286,252$681,900

X-16 Total assetsStart of year $631,472$1,291,111

X-17 Accounts payable and accrued expensesStart of year $119,592$107,047

X-26 Total liabilitiesStart of year $119,592$107,047

X-27 Net assets without donor restrictionsStart of year $511,880$1,184,064

X-32 Total net assets or fund balancesStart of year $511,880$1,184,064

X-33 Total liabilities and net assetsStart of year $631,472$1,291,111

Part XI · Reconciliation of net assets $1,184,064 net assets at year end

XI-1 Total revenue$1,551,843

XI-2 Total expenses$879,659

XI-3 Revenue less expenses$672,184

XI-4 Net assets at start of year$511,880

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,184,064

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Oaktree Academy INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Oaktree Academy INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV