Overview
What is Oak Service Corporation?
Oak Service Corporation, based in Memphis, Tennessee, is a dedicated organization that offers administrative services to nonprofit organizations through written agreements. Their primary role involves performing various administrative duties, such as education, advisory, and educational support functions. By contracting with various nonprofit organizations, Oak Service Corporation aids in carrying out their missions, ensuring their smooth operation and overall success. With a workforce of 42 individuals, the corporation plays an essential role in supporting the important work of nonprofit organizations.
Is Oak Service Corporation legitimate?
Oak Service Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Oak Service Corporation 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: $676,869
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,867,960
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What is the mission statement of Oak Service Corporation?
Oak Service Corporation, in its contractual agreements with various nonprofit organizations, provides educational, advisory, and administrative services to aid in the fulfillment of their respective missions. The corporation's role involves assisting these nonprofits in carrying out their objectives, demonstrating a commitment to supporting the causes they advocate for. By performing these duties, Oak Service Corporation contributes to the advancement of the nonprofit sector as a whole. While Oak Service Corporation does not have its own mission statement, its purpose lies in strengthening and facilitating the missions of the nonprofit organizations it collaborates with.
Who is the CEO of Oak Service Corporation?
Justin A Buck is the CEO of Oak Service Corporation The CEO's salary of Oak Service Corporation is $288,585 and their total compensation is $310,056.
What is the revenue of Oak Service Corporation?
Oak Service Corporation's revenue in 2023 was $5,305,322.
Who are the executives of Oak Service Corporation and what are their salaries?
The average compensation at Oak Service Corporation during 2023 was $53,017. There are 48 employees and 3 volunteers at Oak Service Corporation.
Here are 8 key members and their salaries (Oak Service Corporation's CEO's salary is $288,585 and their total compensation is $310,056):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $288,585
- Related: $0
- Other: $21,471
- Compensation: $241,470
- Related: $0
- Other: $21,275
- Compensation: $152,275
- Related: $0
- Other: $10,336
- Compensation: $109,795
- Related: $0
- Other: $2,565
- Compensation: $103,080
- Related: $0
- Other: $7,949
Where can I find the form 990 for Oak Service Corporation?
Oak Service Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oak Service Corporation
Oak Service Corporation, in its mission, provides administrative duties for various nonprofit organizations by agreement. The corporation contracts to offer educational, advisory, and administrative services and functions for these organizations, assisting them in achieving their respective missions. Essentially, Oak Service Corporation serves as a supportive partner for nonprofit organizations, providing the necessary administrative support to help them fulfill their objectives effectively.
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Impact
October, 2024
Oak Service Corporation significantly enhances the operational effectiveness of various organizations in Memphis, TN, by providing essential administrative services. By performing contracted educational, advisory, and administrative functions, Oak Service Corporation streamlines the capabilities of its partner organizations, allowing them to focus on their core missions. These services enable nonprofits to improve their efficiency and effectiveness, ultimately leading to a greater impact in their respective communities. The collaborative approach of Oak Service Corporation ensures that nonprofit organizations are better equipped to meet their goals, whether in education or other vital sectors. Through these partnerships, the corporation plays a crucial role in strengthening the nonprofit sector as a whole.
This information is meant to be a general summary of Oak Service Corporation. 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 2023.
- Investment Income: $53,348
- Program Service Revenue: $1,332,372
- Gross Receipts: $5,460,000
Assets and Liabilities:
- Total Assets: $2,447,800
- Total Liabilities: $164,908
- Net Assets: $2,282,892
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTED SERVICE FEE
Revenue
$1,264,500
LATE FEES
Revenue
$40,696
MAGAZINE REVENUE
Revenue
$23,644
RECOVERY BAD DEBTS
Revenue
$3,532
Organization Details
Founding Year
2015
Principal Officer
Michael W Riley
NTEE Category
Code: B02 - Education
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