Overview
What is Oaktree Academy Inc?
Oaktree Academy Inc, located in Ludington, Michigan, is a dedicated nonprofit organization that focuses on providing high-quality early education services to families. Their primary mission is to receive and manage funds exclusively for educational purposes, utilizing these resources to operate a daycare center. By doing so, they create enriching environments where children can grow into lifelong learners. Their commitment extends beyond just child care, aiming to contribute to the overall success of the entire family.
Official website here: www.oaktree-academy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Oaktree Academy Inc demonstrates a solid performance with a score of 84%, indicating a good level of accountability and transparency in its operations. The charity stands out with a fully independent board composed entirely of independent members, which strengthens its governance model. Additionally, it receives full marks for its financial audits and shows a commendable program expense ratio of nearly 96%, reflecting a strong commitment to utilizing funds for its programs.
However, the organization has notable areas for improvement, particularly concerning missing policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about its governance practices. These omissions, while not affecting its financial health, could impact overall trust and accountability as perceived by stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Oaktree Academy Inc legitimate?
Oaktree Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oaktree Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $619,791
For more financial information, click here
Official website here: www.oaktree-academy.com
What is the mission statement of Oaktree Academy Inc?
Oaktree Academy Inc's mission is centered around two key objectives. Firstly, it aims to collect and manage funds exclusively for educational purposes. Secondly, the academy operates a daycare center. The overarching goal of Oaktree Academy Inc is to provide high-quality childcare services in stimulating environments that foster the growth of children into lifelong learners, contributing to their overall family success.
Official website here: www.oaktree-academy.com
Who is the CEO of Oaktree Academy Inc?
John Wilson is the President of Oaktree Academy Inc.
Official website here: www.oaktree-academy.com
What is the revenue of Oaktree Academy Inc?
Oaktree Academy Inc's revenue in 2022 was $1,551,843.
Official website here: www.oaktree-academy.com
Who are the executives of Oaktree Academy Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.oaktree-academy.com
Where can I find the form 990 for Oaktree Academy Inc?
Oaktree Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oaktree-academy.com
Learn more at the official website: www.oaktree-academy.com
Mission Statement of Oaktree Academy Inc
Oaktree Academy, a nonprofit organization, is dedicated to serving a noble purpose. Its primary mission is to manage and utilize funds solely for educational purposes and to establish and manage a daycare center. This institution aims to contribute to the overall development of children, nurturing them in an enriching environment that fosters their growth into lifelong learners. The ultimate goal of Oaktree Academy is to promote family success through its high-quality childcare services.
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Impact
July, 2024
Oaktree Academy Inc's impact can be seen in the lives of families in Ludington, Michigan, where they provide high-quality child care services in enriching environments. By offering educational opportunities and a safe, nurturing space for children to grow and learn, Oaktree Academy Inc is contributing to the overall success and well-being of families in the community. Their dedication to lifelong learning not only benefits the children in their care but also supports the development of future generations who will carry these skills forward. Oaktree Academy Inc plays a crucial role in promoting whole family success through their educational programs and services.
This information is meant to be a general summary of Oaktree Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $217
- Program Service Revenue: $837,924
- Gross Receipts: $1,551,843
Assets and Liabilities:
- Total Assets: $1,291,111
- Total Liabilities: $107,047
- Net Assets: $1,184,064
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND ENROLLMENT
Revenue
$814,028
FOOD REIMBURSEMENTS
Revenue
$23,896
Organization Details
Founding Year
2014
Principal Officer
John Wilson
Main Address
6498 W DECKER ROAD, Ludington, MI, 49431
Website
www.oaktree-academy.comNTEE Category
Code: P33 - Human services
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