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Oak City Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$1.42M (2023)

Expenses
$1.33M (2023)

Total Assets
$2.89M (2023)

Total Liabilities
$1.59M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,418,981
Expenses
$1,332,501
Net Income
$86,480
Net Assets
$1,298,764
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,590
1.8%
Program Services $1,393,391
98.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,739
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $790,864
59.4%
Assets/Debt
Total Assets $2,888,330
Total Liabilities $1,589,566
Net Assets $1,298,764
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Danny Breed (Headmaster/D) $86,738 $0 $0
Dan Radez (Director) $0 $0 $0
Bob Touchton (Director) $0 $0 $0
Leslie Logan Brown (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,431,170
Expenses
$1,281,440
Net Income
$149,730
Net Assets
$1,212,284
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,823
2.4%
Program Services $1,397,347
97.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,600
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $772,055
60.2%
Assets/Debt
Total Assets $1,535,901
Total Liabilities $323,617
Net Assets $1,212,284
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Danny Breed (Headmaster/D) $81,750 $0 $2,850
Dan Radez (Director) $0 $0 $0
Bob Touchton (Director) $0 $0 $0
Leslie Logan Brown (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,446,211
Expenses
$1,031,880
Net Income
$414,331
Net Assets
$1,062,554
Notable Sources of Revenue Percent of Total Revenue
Contributions $283,476
19.6%
Program Services $1,162,735
80.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $82,700
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $620,380
60.1%
Assets/Debt
Total Assets $1,369,204
Total Liabilities $306,650
Net Assets $1,062,554
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Danny Breed (Headmaster/D) $80,000 $0 $2,700
Meredith Rose (Director) $0 $0 $0
Betty Liverman (Director) $0 $0 $0
Dan Radez (Director) $0 $0 $0
Bob Touchton (Director) $0 $0 $0
Leslie Logan Brown (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,318,734
Expenses
$874,150
Net Income
$444,584
Net Assets
$648,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $426,355
32.3%
Program Services $892,379
67.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $82,700
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $542,147
62.0%
Assets/Debt
Total Assets $650,282
Total Liabilities $2,059
Net Assets $648,223
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Danny Breed (Headmaster/D) $80,000 $0 $2,700
Meredith Rose (Director) $0 $0 $0
Betty Liverman (Director) $0 $0 $0
Dan Radez (Director) $0 $0 $0
Bob Touchton (Director) $0 $0 $0
Leslie Logan Brown (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$776,178
Expenses
$638,010
Net Income
$138,168
Net Assets
$203,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $274,211
35.3%
Program Services $501,967
64.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $62,700
9.8%
Professional Fundraising Fees $0
Other Salaries and Wages $359,610
56.4%
Assets/Debt
Total Assets $204,078
Total Liabilities $439
Net Assets $203,639
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Danny Breed (Headmaster/D) $60,000 $0 $2,700
Gadi Rwayitare (Director) $0 $0 $0
Betty Liverman (Director) $0 $0 $0
Clarissa Flemming (Director) $0 $0 $0
Bob Touchton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$499,353
Expenses
$480,928
Net Income
$18,425
Net Assets
$65,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,697
25.8%
Program Services $370,656
74.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $63,000
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $258,207
53.7%
Assets/Debt
Total Assets $71,825
Total Liabilities $6,354
Net Assets $65,471
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Danny Breed (Headmaster/D) $60,000 $0 $3,000
Jonathan Hornaday (Director) $0 $0 $0
Gadi Rwayitare (Director) $0 $0 $0
Betty Liverman (Director) $0 $0 $0
Clarissa Flemming (Director) $0 $0 $0
Daniel Alexander (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$471,254
Expenses
$474,094
Net Income
-$2,840
Net Assets
$47,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $138,175
29.3%
Program Services $333,079
70.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $63,000
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $239,350
50.5%
Assets/Debt
Total Assets $47,046
Total Liabilities $0
Net Assets $47,046
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Danny Breed (Headmaster/D) $60,000 $0 $3,000
Sean Cordell (Director) $0 $0 $0
Jonathan Hornaday (Director) $0 $0 $0
Lucas Osborn (Director) $0 $0 $0
Daniel Alexander (Director) $0 $0 $0
Betty Liverman (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$406,018
Expenses
$410,909
Net Income
-$4,891
Net Assets
$49,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $127,539
31.4%
Program Services $273,841
67.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $4,638
1.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $63,000
15.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,886
Total Liabilities $0
Net Assets $49,886

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$319,305
Expenses
$283,159
Net Income
$36,146
Net Assets
$54,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $127,230
39.8%
Program Services $188,231
59.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $3,844
1.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,000
14.1%
Professional Fundraising Fees $0
Other Salaries and Wages $127,877
45.2%
Assets/Debt
Total Assets $54,777
Total Liabilities $0
Net Assets $54,777

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,182
Expenses
$203,352
Net Income
$12,830
Net Assets
$18,631
Notable Sources of Revenue Percent of Total Revenue
Contributions $116,174
53.7%
Program Services $102,135
47.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$2,127
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $50,667
24.9%
Professional Fundraising Fees $0
Other Salaries and Wages $84,131
41.4%
Assets/Debt
Total Assets $21,838
Total Liabilities $3,207
Net Assets $18,631

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$140,921
Expenses
$166,309
Net Income
-$25,388
Net Assets
$5,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,869
58.1%
Program Services $58,012
41.2%
Investment Income $0
Net Fundraising $1,040
0.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $9,169
Total Liabilities $3,368
Net Assets $5,801

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$107,287
Expenses
$77,248
Net Income
$30,039
Net Assets
$31,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,101
80.3%
Program Services $21,277
19.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $33,548
Total Liabilities $2,359
Net Assets $31,189

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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Types of Nonprofits

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