Overview
What is Little Oaks Academy?
Little Oaks Academy is a nonprofit organization situated in Knoxville, Tennessee, specifically at 701 E Oak Hill Avenue. Its primary focus is to provide a nurturing and stimulating environment for children, aiming to foster their intellectual, social, emotional, and physical growth. With approximately 90 enrolled children, the academy employs over 20 teachers and staff members. This childcare and early educational program plays a crucial role in allowing over 100 parents to continue with their employment or education. The academy serves a diverse community, delivering quality instruction rooted in developmentally appropriate practices. With a team of 63 employees, Little Oaks Academy is committed to educating and nurturing children, contributing positively to their overall development.
Official website here: www.littleoaksacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Little Oaks Academy has earned an 88% rating from Charity Navigator, reflecting a commitment to accountability and finance. The organization boasts a strong performance in key areas such as having a fully independent board and a solid financial oversight structure, which are indicators of good governance practices. Notably, there were no material diversions of assets reported, and the program expense ratio is commendably high at 82.08%, indicating that a significant portion of its resources goes directly to its programs.
However, there are some areas where the organization could improve its accountability measures. The absence of a whistleblower policy and a document retention and destruction policy are notable gaps that could impact transparency and operational integrity. Additionally, the nonprofit has not posted its tax form on its website, which is a missed opportunity to enhance public trust and access to information.
In summary, while Little Oaks Academy demonstrates strong financial health and governance through its independent board and efficient use of funds, addressing the identified weaknesses in policy documentation would further strengthen its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Little Oaks Academy legitimate?
Little Oaks Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Little Oaks Academy 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: $67,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $658,580
For more financial information, click here
Official website here: www.littleoaksacademy.org
What is the mission statement of Little Oaks Academy?
Little Oaks Academy's mission is centered around educating and nurturing children in a safe, healthy, and stimulating environment. This environment encourages the children to learn and grow intellectually, socially, emotionally, and physically. The academy caters to a diverse community, providing quality instruction based on developmentally appropriate practices. The institution's goal is to foster an environment that allows children to thrive and develop holistically.
Official website here: www.littleoaksacademy.org
Who is the CEO of Little Oaks Academy?
Lisa Firment is the Executive Di of Little Oaks Academy.
Official website here: www.littleoaksacademy.org
What is the revenue of Little Oaks Academy?
Little Oaks Academy's revenue in 2022 was $1,208,744.
Official website here: www.littleoaksacademy.org
Who are the executives of Little Oaks Academy and what are their salaries?
The average compensation at Little Oaks Academy during 2022 was $11,520. There are 63 employees and 14 volunteers at Little Oaks Academy.
Here are 8 key members and their salaries:
- Compensation: $54,583
- Related: $0
- Other: $0
- Compensation: $12,585
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.littleoaksacademy.org
Where can I find the form 990 for Little Oaks Academy?
Little Oaks Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.littleoaksacademy.org
Learn more at the official website: www.littleoaksacademy.org
Mission Statement of Little Oaks Academy
Little Oaks Academy, a reputable institution, is committed to educating and nurturing children in a secure, healthy, and stimulating environment. The academy encourages children to learn and grow intellectually, socially, emotionally, and physically. Serving a diverse community, Little Oaks Academy provides quality instruction based on developmentally appropriate practices. The academy's childcare and early educational program was home to approximately 90 enrolled children, with over 20 teachers and staff members ensuring a nurturing environment. The program allowed over 100 parents to continue their employment or education, demonstrating its commitment to supporting the entire family.
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Impact
July, 2024
Little Oaks Academy positively impacts the community by providing a safe, healthy, and stimulating environment for approximately 90 children enrolled in its childcare and early educational program. This allows over 100 parents to continue in their employment or education, knowing that their children are receiving quality instruction based on developmentally appropriate practices. By nurturing children intellectually, socially, emotionally, and physically, Little Oaks Academy plays a crucial role in the overall development and well-being of the children and families it serves in Knoxville, TN.
This information is meant to be a general summary of Little Oaks Academy. 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: $11
- Program Service Revenue: $849,223
- Gross Receipts: $1,208,744
Assets and Liabilities:
- Total Assets: $959,267
- Total Liabilities: $546,752
- Net Assets: $412,515
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$849,223
Organization Details
Founding Year
2014
Phone
(865) 545-8322Principal Officer
Lisa Firment
Main Address
701 E OAK HILL AVENUE, KNOXVILLE, TN, 379175437
Website
www.littleoaksacademy.orgNTEE Category
Code: P20 - Human services
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