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Lake Oconee Academy Foundation Inc

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: Philanthropy, Voluntarism and Grantmaking Foundations / Philanthropy, Charity, Voluntarism Promotion, General (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.7M (2024)

Expenses
$1.82M (2024)

Total Assets
$22.9M (2024)

Total Liabilities
$21.2M (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,700,321
Expenses
$1,816,098
Net Income
-$115,777
Net Assets
$1,676,960
Notable Sources of Revenue Percent of Total Revenue
Contributions $638,056
37.5%
Program Services $1,051,020
61.8%
Investment Income $11,245
0.7%
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 $34,833
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,854,089
Total Liabilities $21,177,129
Net Assets $1,676,960
Compensation
Key Employees and Officers Compensation Related Other
Tammy Beatty (Board Member) $0 $0 $0
Stefi Vanstekelenburg (Board Member) $0 $0 $0
Tommy Jeffords (Board Member) $0 $0 $0
Jack Labelle (Board Member) $0 $0 $0
Beverly Berardo (Board Member) $0 $0 $0
Brian Quinn (Board Member) $0 $0 $0
Ken Welch (Board Member) $0 $0 $0
Ellen D Lemming (Secretary) $0 $0 $0
Ansley Vinson (Chairman) $0 $0 $0
Ginger Dimascio (Secretary) $0 $0 $0
Allison Heinen (Board Member) $0 $0 $0
Brian Stewart (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,495,173
Expenses
$1,742,413
Net Income
-$247,240
Net Assets
$1,792,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $552,233
36.9%
Program Services $937,530
62.7%
Investment Income $5,410
0.4%
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 $38,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,308,580
Total Liabilities $21,515,843
Net Assets $1,792,737
Compensation
Key Employees and Officers Compensation Related Other
Ty Dickey (Vice Chairman) $0 $0 $0
Kip Dominy (Board Member) $0 $0 $0
Tommy Jeffords (Chairman) $0 $0 $0
Jack Labelle (Assistant Treasurer) $0 $0 $0
Beverly Berardo (Board Member) $0 $0 $0
Brian Quinn (Treasurer) $0 $0 $0
Marc Fordham (Board Member) $0 $0 $0
Ellen D Lemming (Board Member) $0 $0 $0
Ansley Vinson (Secretary) $0 $0 $0
Ginger Dimascio (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,483,193
Expenses
$1,529,119
Net Income
-$45,926
Net Assets
$2,039,977
Notable Sources of Revenue Percent of Total Revenue
Contributions $606,694
40.9%
Program Services $874,473
59.0%
Investment Income $2,026
0.1%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,790
1.6%
Assets/Debt
Total Assets $20,937,683
Total Liabilities $18,897,706
Net Assets $2,039,977
Compensation
Key Employees and Officers Compensation Related Other
Ty Dickey (Vice Chairman) $0 $0 $0
Kip Dominy (Board Member) $0 $0 $0
Ansley Vinson (Secretary) $0 $0 $0
Tommy Jeffords (Ceo Chairman) $0 $0 $0
Brian Quinn (Treasurer) $0 $0 $0
Marc Fordham (Board Member) $0 $0 $0
Jack Labelle (Assistant Treasurer) $0 $0 $0
Beverly Berardo (Board Member) $0 $0 $0
Ellen Dracos Lemming (Board Member) $0 $0 $0
Ginger Dimascio (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$963,837
Expenses
$1,278,746
Net Income
-$314,909
Net Assets
$2,085,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $157,030
16.3%
Program Services $0
Investment Income $1,358
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $805,449
83.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,544,289
Total Liabilities $18,458,386
Net Assets $2,085,903
Compensation
Key Employees and Officers Compensation Related Other
Ty Dickey (Board Member) $0 $0 $0
Kip Dominy (Board Member) $0 $0 $0
Allison Evans (Secretary) $0 $0 $0
Tommy Jeffords (Ceo) $0 $0 $0
Jennifer Vaughan (Cfo) $0 $0 $0
Jane Hutterly (Board Member) $0 $0 $0
Jack Labelle (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$949,783
Expenses
$1,342,512
Net Income
-$392,729
Net Assets
$2,400,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $360,558
38.0%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $589,225
62.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,398,021
Total Liabilities $17,997,209
Net Assets $2,400,812

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,021
Expenses
$294,761
Net Income
$190,260
Net Assets
$2,793,541
Notable Sources of Revenue Percent of Total Revenue
Contributions $467,021
96.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $18,000
3.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,415,494
Total Liabilities $18,621,953
Net Assets $2,793,541

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$808,212
Expenses
$355,361
Net Income
$452,851
Net Assets
$2,603,281
Notable Sources of Revenue Percent of Total Revenue
Contributions $773,437
95.7%
Program Services $16,775
2.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $18,000
2.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,831,462
Total Liabilities $18,228,181
Net Assets $2,603,281

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,703,135
Expenses
$150,224
Net Income
$1,552,911
Net Assets
$2,096,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,553,678
91.2%
Program Services $6,900
0.4%
Investment Income $441
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $16,500
1.0%
Net Fundraising $125,616
7.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $50,215
33.4%
Other Salaries and Wages $32,083
21.4%
Assets/Debt
Total Assets $2,260,259
Total Liabilities $163,381
Net Assets $2,096,878

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$336,350
Expenses
$140,514
Net Income
$195,836
Net Assets
$573,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $111,055
33.0%
Program Services $0
Investment Income $270
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $225,025
66.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $818,057
Total Liabilities $245,000
Net Assets $573,057

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$227,100
Expenses
$56,064
Net Income
$171,036
Net Assets
$377,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,619
28.0%
Program Services $0
Investment Income $323
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $163,158
71.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $377,221
Total Liabilities $0
Net Assets $377,221

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$266,058
Expenses
$129,741
Net Income
$136,317
Net Assets
$206,185
Notable Sources of Revenue Percent of Total Revenue
Contributions $159,982
60.1%
Program Services $0
Investment Income $120
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $105,956
39.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $206,185
Total Liabilities $0
Net Assets $206,185

Document Links

Fiscal Year Ending June
2013

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is 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."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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