Nonprofit · EIN 32-0287816
OAK CITY ACADEMY
Tax-exempt · GARNER, NC 27529
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,511,052 | $2,435,002 | $76,050 | $4,727,600 | $3,415,739 | $1,311,861 |
| June 30, 2024 | 990 | $1,718,770 | $1,783,753 | -$64,983 | $4,611,636 | $3,377,855 | $1,233,781 |
| June 30, 2023 | 990 | $1,418,981 | $1,332,501 | $86,480 | $2,888,330 | $1,589,566 | $1,298,764 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $115,032
- Program service revenue
- $2,326,843
- Investment income
- $1,576
- Other revenue
- $67,601
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,113
- Other salaries and wages
- $1,491,395
- Salaries, compensation and benefits (total)
- $1,616,508
- Professional fundraising fees
- $0
- Accounting fees
- $24,841
- Occupancy
- $163,599
- Travel
- $8,146
- Depreciation
- $102,450
- Program services (functional)
- $1,913,052
- Management and general (functional)
- $521,643
- Fundraising (functional)
- $307
Balance sheet and other
- Total assets, start of year
- $4,611,641
- Total assets, end of year
- $4,727,600
- Total liabilities, end of year
- $3,415,739
- Net assets, end of year
- $1,311,861
- Land, buildings and equipment
- $4,177,416
- Net assets without donor restrictions
- $1,301,517
- Net assets with donor restrictions
- $10,344
- Gross receipts
- $2,511,052
- Employees
- 73
- Volunteers
- 50
- Year formed
- 2009
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Danny Breed | Head of School Highest-paid employee | 40 | $125,112 |
| Aisha Bakkar | Board Chair Trustee or director, Officer | 1 | $0 |
| Renee Jones | Secretary Trustee or director, Officer | 1 | $0 |
| Matt Hillegass | Treasurer Trustee or director, Officer | 1 | $0 |
| Robert Touchton | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANNY BREED | HEADMASTER/D Trustee or director, Officer | 50 | $90,100 |
| LESLIE LOGAN BROWN | CHAIR Trustee or director, Officer | 1 | $0 |
| BOB TOUCHTON | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANNY BREED | HEADMASTER/D Trustee or director, Officer | 50 | $86,738 |
| DAN RADEZ | DIRECTOR Trustee or director | 1 | $0 |
| BOB TOUCHTON | DIRECTOR Trustee or director | 1 | $0 |
| LESLIE LOGAN BROWN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 BENSON RD, GARNER, NC 27529-4650
- In care of
- % ANTHONY BACKHOUSE
- Mailing address (990-N for 2010)
- 712 S East St, Raleigh NC 27601
- Principal officer (990-N for 2010)
- Danny Breed, 712 S East St, Raleigh NC 27601
- Signed the 990
- ANTHONY BACKHOUSE, Finance Manager
- Phone
- (919) 815-7742
- Website
- www.oakcityacademy.org
- Return prepared by
- Dennison CPA PC
Mission
To provide classical Christian education for the urban community for grades Pre-K through 12th grade.
Program accomplishments
- Oak City Academy provided educational services to the inner city youth of Raleigh, North Carolina. Students were educated through the Academy from pre-kindergarten through middle school during the year. They learned from a modified classical educational curriculum, which aims to ensure everyone is at or above grade level in standardizing testing.Expenses $1,913,052
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0287816
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $4,727,600
- Income (IRS master file)
- $2,511,052
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,511,052 | $2,435,002 | $4,727,600 | XML |
| 990 | June 2024 | $1,718,770 | $1,783,753 | $4,611,636 | IRS |
| 990 | June 2023 | $1,418,981 | $1,332,501 | $2,888,330 | XML |
| 990 | June 2022 | $1,431,170 | $1,281,440 | $1,535,901 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Danny Breed | June 30, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0287816).
Questions about OAK CITY ACADEMY
- What is the EIN of OAK CITY ACADEMY?
- The employer identification number (EIN) of OAK CITY ACADEMY is 32-0287816.
- Is OAK CITY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to OAK CITY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OAK CITY ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OAK CITY ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OAK CITY ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OAK CITY ACADEMY?
- The 990-N for 2010 names Danny Breed.
- Who are the officers and directors of OAK CITY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $125,112 (Danny Breed, Head of School).
- How much revenue does OAK CITY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,511,052, expenses of $2,435,002 and total assets of $4,727,600 at year end.
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