Oakmont Academic Knowledge FY2024 filing

Tax-deductible

Akron, OH501(c)(3)Since 2018EducationEIN 83-3966578Revenue $81K in FY2024

On file with the IRS481 N Cleveland Massillon Rd, 44333-2426 · Akron, OHTax-exempt since Jan 2020Publicly supported — 509(a)(2)

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Promoting awareness of, acting as an advocate for, and raising funds for the benefit of charter schools; making of distributions to charter schools; and providing such schools with high-quality, innovative, and cost-effective services in order to ensure that their students receive a high-quality education and achieve Academic growth & success.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
1 of 3
filings with a surplus
Average surplus $11K a year · 11% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 55% of spending
Concern: pay to officers and key staff is 55% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.0M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30K
451% of total assets
Concern: liabilities are 451% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81K
-59% vs prior year
Spent
$102K
To programs
95%
Net assets
−$24K
By yearFY2023–FY2025
Revenue
$81K
FY2024▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2023$198K
FY2024$81K
FY2025$10K
Expenses
$102K
FY2024▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2023$142K
FY2024$102K
FY2025$12K
Net assets
−$24K
FY2024▼ -967%
Tap a bar for its year
Net assets by fiscal year
FY2023−$2K
FY2024−$24K
FY2025−$25K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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 Jan 2020.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $97K Management & general 5% · $6K

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

5 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Co-Executive Director
$56,573Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Georgeann Garman-Thru 123123’s $57K as Co-Executive Director is at the 92nd percentile of top reported officer pay among 146 <$100K 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 · 3 named individuals · Part VII

NameFY2024FY2023
Georgeann Garman-Thru 123123$56,573—
Amira Thomas—$42,911
Georgeann Garman—$38,478

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.

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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 charter school students achieve high-quality education, growth, and success.

Questions for Oakmont Academic Knowledge

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Provided by the organization

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1 program · $97K · in their own filed words · FY2023
01

Promoting awareness of, acting as an advocate for, and raising funds for the benefit of charter schools; making of distributions to charter schools; and providing such schools with high-quality, innovative, and cost-effective services in order to ensure that their students receive a high-quality education and achieve academic growth &…

$97Kprogram 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 · FY2022
Total grants receivedfrom 2 funders$1.0M

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$81K
Ln 12
Gifts and grantsLn 1h$78K
Other incomeLn 4–11$3K
Money outPt IX
$102K
Ln 25
Programscol B$97K
Managementcol C$6K
Owns and owesPt X
−$24K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$7K
LiabilitiesLn 26$30K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Fundraising eventsLn 1c$10K
Other incomeLn 4–11$3K
Total revenueLn 12$81K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Total assetsLn 16$7K
LiabilitiesLn 26$30K
Net assetsLn 32−$24K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$22K$7K
Total assetsLn 16$22K$7K
LiabilitiesLn 26$25K$30K
Net assetsLn 32−$2K−$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$37K$37K
Pay of current officers, directors and key staffLn 5$57K$57K
Office expensesLn 13$967$967
TravelLn 17$494$494
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$4K$3K$2K
Total functional expensesLn 25$102K$97K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10K$12K−$2K−$25K 990 PDF
FY2024 Viewing $81K$102K−$21K−$24K 990 PDF
FY2023 $198K$142K$56K−$2K 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 $80,927 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $216,480$77,927
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$18,251$3,000
I-12 Total revenuePrior year $198,229$80,927
I-13 Grants and similar amounts paidPrior year $15,138$37,449
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $88,847$56,573
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $38,435$8,279
I-18 Total expensesPrior year $142,420$102,301
I-19 Revenue less expensesPrior year $55,809−$21,374
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $80,927 across 6 lines filed
Lines not itemized here account for $1,730 of total revenue; see the IRS return.
VIII-1c Fundraising events$10,000
VIII-1f All other contributions, gifts and grants$67,927
VIII-1h Total contributions, gifts and grants$77,927
VIII-8 Net income from fundraising eventsExcluded from tax $1,172$1,172
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $98$98
VIII-12 Total revenueRelated to mission $98 · Unrelated business $0 · Excluded from tax $2,902$80,927
Part IX · Statement of functional expenses $102,301 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $37,449$37,449
IX-5 Pay of current officers, directors and key staffPrograms $56,573$56,573
IX-13 Office expensesManagement $967$967
IX-17 TravelManagement $494$494
IX-23 InsuranceManagement $2,385$2,385
IX-24 Other expenses (24a–d)Programs $2,752 · Management $1,681$4,433
IX-25 Total functional expensesPrograms $96,774 · Management $5,527 · Fundraising $0$102,301
Part X · Balance sheet $6,722 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $22,311$6,722
X-16 Total assetsStart of year $22,311$6,722
X-17 Accounts payable and accrued expensesStart of year $24,521$30,306
X-26 Total liabilitiesStart of year $24,521$30,306
X-32 Total net assets or fund balancesStart of year −$2,210−$23,584
X-33 Total liabilities and net assetsStart of year $22,311$6,722
Part XI · Reconciliation of net assets −$23,584 net assets at year end
XI-1 Total revenue$80,927
XI-2 Total expenses$102,301
XI-3 Revenue less expenses−$21,374
XI-4 Net assets at start of year−$2,210
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$23,584

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

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