Oaktree Academy INC: FY2024 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

92 cents of each dollar spent went to programs.

92%

Program services 92% · $930K Management & general 8% · $76K

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 (FY2023); the FY2024 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.

Provided by the organization

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1 program · $930K · in their own filed words · FY2023

01

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

$930Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$976K

Ln 12

Fees for servicesLn 2g$970K

Gifts and grantsLn 1h$5K

Other incomeLn 4–11$174

Money outPt IX

$1.0M

Ln 25

Programscol B$930K

Managementcol C$76K

Owns and owesPt X

$1.2M

net assets · Ln 32

Cash and savingsLn 1–2$160K

Total assetsLn 16$1.2M

LiabilitiesLn 26$34K

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$5K

Government grantsLn 1e$5K

Fees for servicesLn 2g$970K

Investment incomeLn 3$73

Other incomeLn 4–11$174

Total revenueLn 12$976K

Assets in detailPt X, end of year

CashLn 1$160K

Cash and savings togetherLn 1–2$160K

Land, buildings, equipmentLn 10c$1.0M

Total assetsLn 16$1.2M

LiabilitiesLn 26$34K

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 FY24	End FY24
Cash and savingsLn 1–2	$117K	$160K
Land, buildings, equipmentLn 10c	$1.1M	$1.0M
Total assetsLn 16	$1.3M	$1.2M
LiabilitiesLn 26	$37K	$34K
Net assetsLn 32	$1.2M	$1.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$693K	$623K	$69K
Payroll taxesLn 10	$61K	$55K	$6K
Other fees for servicesLn 11g	$18K	$17K	$604
Advertising and promotionLn 12	$99	$99
Information technologyLn 14	$7K	$7K
OccupancyLn 16	$27K	$27K
InterestLn 20	$21	$21
Depreciation, depletion and amortizationLn 22	$48K	$48K
InsuranceLn 23	$14K	$14K
Other expenses (24a–d)Ln 24	$104K	$104K
All other expensesLn 24e	$35K	$35K
Total functional expensesLn 25	$1.0M	$930K	$76K	$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 Viewing	$976K	$1.0M	−$30K	$1.2M	990 PDF
FY2023	$1.0M	$961K	$52K	$1.2M	990 PDF
FY2022	$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 FY2024 990 (6 parts)

Part I · Summary $975,556 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $70,215$4,850

I-9 Program service revenuePrior year $942,477$970,459

I-10 Investment incomePrior year $147$73

I-11 Other revenuePrior year $150$174

I-12 Total revenuePrior year $1,012,989$975,556

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $483,132$753,363

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $477,567$252,670

I-18 Total expensesPrior year $960,699$1,006,033

I-19 Revenue less expensesPrior year $52,290−$30,477

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 $975,556 across 6 lines filed

VIII-1e Government grants$4,850

VIII-1h Total contributions, gifts and grants$4,850

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $970,459$970,459

VIII-3 Investment incomeExcluded from tax $73$73

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $174$174

VIII-12 Total revenueRelated to mission $970,633 · Unrelated business $0 · Excluded from tax $73$975,556

Part IX · Statement of functional expenses $1,006,033 across 11 lines filed

IX-7 Other salaries and wagesPrograms $623,432 · Management $69,270$692,702

IX-10 Payroll taxesPrograms $54,595 · Management $6,066$60,661

IX-11g Other fees for servicesPrograms $17,164 · Management $604$17,768

IX-12 Advertising and promotionPrograms $99$99

IX-14 Information technologyPrograms $6,532$6,532

IX-16 OccupancyPrograms $26,977$26,977

IX-20 InterestPrograms $21$21

IX-22 Depreciation, depletion and amortizationPrograms $48,409$48,409

IX-23 InsurancePrograms $14,377$14,377

IX-24 Other expenses (24a–d)Programs $103,558$103,558

IX-24e All other expensesPrograms $34,929$34,929

IX-25 Total functional expensesPrograms $930,093 · Management $75,940 · Fundraising $0$1,006,033

Part X · Balance sheet $1,240,363 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $117,255$159,626

X-4 Accounts receivableStart of year $67,420$40,931

X-10c Land, buildings and equipment, netStart of year $1,088,215$1,039,806

X-16 Total assetsStart of year $1,272,890$1,240,363

X-17 Accounts payable and accrued expensesStart of year $36,536$34,486

X-26 Total liabilitiesStart of year $36,536$34,486

X-27 Net assets without donor restrictionsStart of year $1,236,354$1,205,877

X-32 Total net assets or fund balancesStart of year $1,236,354$1,205,877

X-33 Total liabilities and net assetsStart of year $1,272,890$1,240,363

Part XI · Reconciliation of net assets $1,205,877 net assets at year end

XI-1 Total revenue$975,556

XI-2 Total expenses$1,006,033

XI-3 Revenue less expenses−$30,477

XI-4 Net assets at start of year$1,236,354

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,205,877

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

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Oaktree Academy INC FY2024 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

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV