Nonprofit · EIN 35-2050595
OAKS ACADEMY INC
Tax-exempt · INDIANAPOLIS, IN 46205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $21,519,789 | $16,824,889 | $4,694,900 | $18,292,555 | $3,376,564 | $14,915,991 |
| July 31, 2024 | 990 | $18,042,538 | $15,754,962 | $2,287,576 | $13,395,745 | $3,412,330 | $9,983,415 |
| July 31, 2023 | 990 | $21,504,396 | $16,656,599 | $4,847,797 | $11,021,673 | $3,402,982 | $7,618,691 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $4,014,876
- of which government grants
- $43,762
- Program service revenue
- $17,001,686
- Investment income
- $503,227
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,071,643
- Other salaries and wages
- $9,211,904
- Salaries, compensation and benefits (total)
- $12,074,661
- Professional fundraising fees
- $0
- Accounting fees
- $303,456
- Occupancy
- $1,756,040
- Travel
- $3,958
- Depreciation
- $113,979
- Program services (functional)
- $13,507,342
- Management and general (functional)
- $2,241,800
- Fundraising (functional)
- $1,075,747
Balance sheet and other
- Total assets, start of year
- $13,395,745
- Total assets, end of year
- $18,292,555
- Total liabilities, end of year
- $3,376,564
- Net assets, end of year
- $14,915,991
- Land, buildings and equipment
- $226,594
- Net assets without donor restrictions
- $9,364,704
- Net assets with donor restrictions
- $5,551,287
- Gross receipts
- $21,519,789
- Employees
- 320
- Volunteers
- 100
- Year formed
- 1998
- State of legal domicile
- IN
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW HART | CEO Officer | 40 | $244,717 | $23,405 |
| NATHAN HAND | DIRECTOR OF ADVANCEMENT Officer | 40 | $139,053 | $22,420 |
| KELLY ALTMAN | HEAD OF SCHOOL - BROOKSIDE Officer | 40 | $143,732 | $15,074 |
| LAURA GRAMMER | HEAD OF SCHOOL - MIDDLE SCHOOL Officer | 40 | $141,358 | $5,041 |
| Michael Updike | Chief Technology Officer Officer | 40 | $112,012 | $25,720 |
| BRUCE CRAWFORD | HEAD OF SCHOOL - FALL CREEK Officer | 40 | $124,333 | $3,730 |
| TIM DOOLEY | CFO Officer | 40 | $63,024 | $6,644 |
| ALICIA SANDERS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOE MEYER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KAREGA RAUSCH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SHANNON WILLIAMS | CHAIR EMERTIS Trustee or director, Officer | 2 | $0 | $0 |
| TAYLOR BROWN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ANGELA WHITE-RANDOLPH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DIAMOND MCDONALD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JIM STANLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARA HAWKINS | BOARD MEMBER Trustee or director | 2 | $0 |
| Marcia Roberts | Board Member Trustee or director | 2 | $0 |
| Ryan Waggoner | Board Member Trustee or director | 2 | $0 |
| SCOTT KIESEL | BOARD MEMBER Trustee or director | 2 | $0 |
| SHONDRIA SEATON | BOARD MEMBER Trustee or director | 2 | $0 |
| STEPHANIE BOTHUN | BOARD MEMBER Trustee or director | 2 | $0 |
| Steve Kerr | Board Member Trustee or director | 2 | $0 |
| STEVE O'NEIL | BOARD MEMBER Trustee or director | 2 | $0 |
| TAWANA WARE | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended July 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW HART | CEO Officer | 40 | $232,085 | $22,992 |
| KELLY ALTMAN | HEAD OF SCHOOL - BROOKSIDE Officer | 40 | $141,456 | $15,101 |
| NATHAN HAND | DIRECTOR OF ADVANCEMENT Officer | 40 | $135,164 | $20,016 |
| LAURA GRAMMER | HEAD OF SCHOOL - MIDDLE SCHOOL Officer | 40 | $135,640 | $5,144 |
| DEREK JOHNSON | CFO (END 6/30/24) Officer | 40 | $115,942 | $24,058 |
| BRUCE CRAWFORD | HEAD OF SCHOOL - FALL CREEK Officer | 40 | $119,763 | $3,593 |
| Michael Updike | Chief Technology Officer Officer | 40 | $108,185 | $11,851 |
| JOE MEYER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOSHUA ABEL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SHANNON WILLIAMS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ALICIA SANDERS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANGELA WHITE-RANDOLPH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DIAMOND MCDONALD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JIM STANLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KARA HAWKINS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KAREGA RAUSCH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SCOTT KIESEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SHONDRIA SEATON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEPHANIE BOTHUN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVE O'NEIL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TAWANA WARE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TAYLOR BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| Tim Dooley | CFO (START 5/29/24) Officer | 40 | $0 | $0 |
990 for the year ended July 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW HART | CEO Officer | 40 | $238,364 | $9,261 |
| NATHAN HAND | DIRECTOR OF ADVANCEMENT Officer | 40 | $137,275 | $25,394 |
| KELLY ALTMAN | HEAD OF SCHOOL - BROOKSIDE Officer | 40 | $156,833 | $792 |
| LAURA GRAMMER | HEAD OF SCHOOL - MIDDLE SCHOOL Officer | 40 | $134,213 | $272 |
| DEREK JOHNSON | CFO Officer | 40 | $122,510 | $5,111 |
| BRUCE CRAWFORD | HEAD OF SCHOOL - FALL CREEK Officer | 40 | $115,450 | $3,464 |
| JOE MEYER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOSHUA ABEL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SHANNON WILLIAMS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TERRY LYONS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ALICIA SAUNDERS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANGELA WHITE-RANDOLPH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BRIAN MILLEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DIAMOND MCDONALD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ERIC WELP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JIM STANLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN BURT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KARA HAWKINS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KELLY HUBLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SCOTT KIESEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SHONDRIA SEATON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVE O'NEIL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TAYLOR BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2301 N PARK AVE, INDIANAPOLIS, IN 46205-4500
- In care of
- % DEREK JOHNSON
- Principal officer (990 for 2024)
- Andrew Hart, 2301 N Park Ave, Indianapolis, IN 46205
- Signed the 990
- Kara Hakos, CFO
- Phone
- (317) 931-3043
- Website
- WWW.THEOAKSACADEMY.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
THE OAKS ACADEMY OFFERS AN ISACS (INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES) ACCREDITED LIBERAL ARTS EDUCATION FOR STUDENTS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE MISSION OF THE OAKS IS TO BE A CHRIST-CENTERED SCHOOL THAT PROVIDES A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS, PREPARING THEM TO SUCCEED IN A RIGOROUS SECONDARY EDUCATIONAL PROGRAM AND TO DEMONSTRATE SPIRITUAL, SOCIAL AND EMOTIONAL MATURITY.
Program accomplishments
- INSTRUCTION FOR GRADES PRE-K THROUGH GRADE 8 (EDUCATING APPROXIMATELY 1101 STUDENTS).Expenses $13,507,342 · revenue $17,001,686
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 35-2050595
- 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
- 1999
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $18,292,555
- Income (IRS master file)
- $21,519,789
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $21,519,789 | $16,824,889 | $18,292,555 | XML |
| 990-T | July 2025 | – | – | – | IRS |
| 990 | July 2024 | $18,042,538 | $15,754,962 | $13,395,745 | XML |
| 990-T | July 2024 | – | – | – | IRS |
| 990 | July 2023 | $21,504,396 | $16,656,599 | $11,021,673 | XML |
| 990-T | July 2023 | – | – | – | IRS |
| 990 | July 2022 | $16,432,812 | $16,539,604 | $6,235,160 | IRS |
| 990-T | July 2022 | – | – | – | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990-T | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
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 35-2050595).
Questions about OAKS ACADEMY INC
- What is the EIN of OAKS ACADEMY INC?
- The employer identification number (EIN) of OAKS ACADEMY INC is 35-2050595.
- Is OAKS ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to OAKS ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OAKS ACADEMY INC 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 OAKS ACADEMY INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OAKS ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of OAKS ACADEMY INC?
- The 990 for the year ended July 31, 2025 names Andrew Hart.
- Who are the officers and directors of OAKS ACADEMY INC?
- The 990 for the year ended July 31, 2025 lists 24 people; 7 received compensation from the organization, the highest $244,717 (ANDREW HART, CEO).
- How much revenue does OAKS ACADEMY INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $21,519,789, expenses of $16,824,889 and total assets of $18,292,555 at year end.
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