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Okaloosa Academy Incorporated

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 / Secondary, High School (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
$3.39M (2023)

Expenses
$3.29M (2023)

Total Assets
$2.28M (2023)

Total Liabilities
$34.1k (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
$3,394,271
Expenses
$3,286,838
Net Income
$107,433
Net Assets
$2,243,635
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,176,221
93.6%
Program Services $13,213
0.4%
Investment Income $556
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $204,281
6.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,591,080
48.4%
Assets/Debt
Total Assets $2,277,765
Total Liabilities $34,130
Net Assets $2,243,635
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ann Black (Secretary) $0 $0 $0
Jimmy James (Treasurer) $0 $0 $0
Angelo Pearson (Vice Chairpe) $0 $0 $0
Dr Gregory Seaton (Chairperson) $0 $0 $0
Vickie Sykes (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,514,993
Expenses
$3,448,137
Net Income
$66,856
Net Assets
$2,136,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,932,843
55.0%
Program Services $9,493
0.3%
Investment Income $529
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,572,128
44.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,551,680
45.0%
Assets/Debt
Total Assets $2,155,468
Total Liabilities $19,266
Net Assets $2,136,202
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ann Black (Board Member) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Angelo Pearson (Secretary/Tr) $0 $0 $0
Gregory Seaton (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,969,642
Expenses
$3,336,287
Net Income
$633,355
Net Assets
$2,078,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,964,788
99.9%
Program Services $4,640
0.1%
Investment Income $214
0.0%
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 $207,261
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,396,051
41.8%
Assets/Debt
Total Assets $2,314,707
Total Liabilities $235,869
Net Assets $2,078,838
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Michael Allshouse (Board Member) $0 $0 $0
Thomas Fred Carrender (Board Chair) $0 $0 $0
Joan Henderson (Board Member) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Angelo Pearson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,966,815
Expenses
$3,105,212
Net Income
-$138,397
Net Assets
$1,445,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,947,413
99.3%
Program Services $14,988
0.5%
Investment Income $89
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,325
0.1%
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 $1,563,953
50.4%
Assets/Debt
Total Assets $1,899,326
Total Liabilities $453,843
Net Assets $1,445,483
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Michael Allshouse (Board Member) $0 $0 $0
Thomas Fred Carrender (Board Chair) $0 $0 $0
Joan Henderson (Board Member) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Angelo Pearson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,584,172
Expenses
$3,798,561
Net Income
-$214,389
Net Assets
$1,583,880
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,546,320
98.9%
Program Services $20,051
0.6%
Investment Income $37
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,764
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $213,958
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,728,318
45.5%
Assets/Debt
Total Assets $1,611,539
Total Liabilities $27,659
Net Assets $1,583,880
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Thomas Fred Carrender (Board Chairp) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Joan Henderson (Board Member) $0 $0 $0
Michael Allshouse (Board Member) $0 $0 $0
Angelo Pearson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,639,132
Expenses
$3,928,334
Net Income
-$289,202
Net Assets
$1,798,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,608,344
99.2%
Program Services $25,384
0.7%
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 $5,404
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $208,537
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,616,018
41.1%
Assets/Debt
Total Assets $1,827,839
Total Liabilities $29,570
Net Assets $1,798,269
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Thomas Fred Carrender (Board Chair) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Joan Henderson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,848,761
Expenses
$4,207,330
Net Income
-$358,569
Net Assets
$2,087,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,676,987
95.5%
Program Services $158,299
4.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $900
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,575
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $211,382
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,781,547
42.3%
Assets/Debt
Total Assets $2,119,219
Total Liabilities $31,748
Net Assets $2,087,471
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Thomas Fred Carrender (Board Chair) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Greg Gaddis (Board Member) $0 $0 $0
Joan Henderson (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,119,924
Expenses
$4,102,221
Net Income
$17,703
Net Assets
$2,438,966
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,982,205
96.7%
Program Services $131,310
3.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,550
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,859
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,873,614
45.7%
Assets/Debt
Total Assets $2,479,479
Total Liabilities $40,513
Net Assets $2,438,966
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Thomas Fred Carrender (Board Chair) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Greg Gaddis (Board Member) $0 $0 $0
Joan Henderson (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,494,267
Expenses
$3,981,694
Net Income
$1,512,573
Net Assets
$2,421,263
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,723,047
67.8%
Program Services $9,036
0.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $2,400
0.0%
Net Fundraising $0
Sales of Assets $1,446,066
26.3%
Net Inventory Sales $0
Other Revenue $313,718
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,526,687
38.3%
Assets/Debt
Total Assets $2,437,213
Total Liabilities $15,950
Net Assets $2,421,263
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Thomas Fred Carrender (Board Chair) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Greg Gaddis Jr (Board Member) $0 $0 $0
Joan Henderson (Secretary) $0 $0 $0
Jerry White (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,226,460
Expenses
$2,224,971
Net Income
$1,489
Net Assets
$908,690
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,212,432
99.4%
Program Services $5,679
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,968
0.1%
Sales of Assets $4,500
0.2%
Net Inventory Sales $0
Other Revenue $1,881
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $925,548
41.6%
Assets/Debt
Total Assets $950,463
Total Liabilities $41,773
Net Assets $908,690
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Thomas Fred Carrender (Board Chair) $0 $0 $0
Jimmy James (Board Member) $0 $0 $0
Greg Gaddis Jr (Board Member) $0 $0 $0
Joan Henderson (Secretary) $0 $0 $0
Jerry White (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,206,177
Expenses
$2,225,249
Net Income
-$19,072
Net Assets
$907,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,199,424
99.7%
Program Services $3,662
0.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$660
Net Inventory Sales $0
Other Revenue $3,751
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,003,875
45.1%
Assets/Debt
Total Assets $932,857
Total Liabilities $25,656
Net Assets $907,201

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,088,751
Expenses
$2,145,638
Net Income
-$56,887
Net Assets
$926,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,076,890
99.4%
Program Services $3,923
0.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,308
0.2%
Net Inventory Sales $0
Other Revenue $4,630
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,027,717
47.9%
Assets/Debt
Total Assets $953,928
Total Liabilities $27,655
Net Assets $926,273

Document Links

Fiscal Year Ending June
2011

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

Fiscal Year Ending June
2010

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

Fiscal Year Ending June
2009

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

Fiscal Year Ending June
2008

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

Fiscal Year Ending June
2007

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

Fiscal Year Ending June
2006

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

Fiscal Year Ending June
2005

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

Fiscal Year Ending June
2004

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

Fiscal Year Ending June
2003

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

Fiscal Year Ending June
2002

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

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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