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Great Oaks Charter School - Wilmington Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 474139743 ✦ Wilmington, DE ✦ Designated as a 501(c)(3)

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Overview

What is Great Oaks Charter School - Wilmington Inc?

Great Oaks Charter School - Wilmington Inc is a nonprofit institution situated in Wilmington, dedicated to equipping students with the necessary knowledge and values for admission into competitive four-year universities. The school distinguishes itself by providing tailored instruction, prioritizing character development, fostering relationships, and involving families. This holistic approach aims to prepare students for successful college careers, setting them up for future academic accomplishments. The school's mission encompasses delivering individualized education, emphasizing character growth, and fostering relationships within families, thereby empowering students to achieve their academic goals.


Official website here: www.wilmington.greatoakscharter.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Great Oaks Charter School - Wilmington Inc has received an 81% rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization boasts a fully independent board and has excelled in financial oversight, with no reported material diversions of assets. This positive rating reflects the charity's commitment to transparency and responsible governance.

The school demonstrates a high program expense ratio of 98.11%, suggesting that a significant portion of its funding is directed towards its educational programs rather than administrative costs. This focus on programmatic spending is often viewed favorably as it indicates an effective use of resources to further its mission.

While the rating is solid, it does not rank among the highest-rated organizations, which may suggest potential areas for improvement in operational practices or outreach. However, the strong governance practices and transparency policies in place are commendable and suggest a commitment to maintaining high standards.


This AI summary has been generated from information found on Charity Navigator.

Is Great Oaks Charter School - Wilmington Inc legitimate?

Great Oaks Charter School - Wilmington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Oaks Charter School - Wilmington 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: $41,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,759,852

For more financial information, click here


Official website here: www.wilmington.greatoakscharter.org

What is the mission statement of Great Oaks Charter School - Wilmington Inc?

Great Oaks Charter School-Wilmington Inc's mission is centered around preparing its students for success in higher education. The school achieves this by delivering individualized instruction and placing a strong emphasis on character development. Furthermore, Great Oaks Charter School fosters relationships and families to instill the necessary values required for graduating from a competitive four-year college. The organization's primary goal is to ensure that its students have the knowledge and skills needed to excel in college.


Official website here: www.wilmington.greatoakscharter.org

Who is the CEO of Great Oaks Charter School - Wilmington Inc?

Laretha Odumosu is the Chair of Great Oaks Charter School - Wilmington Inc.


Official website here: www.wilmington.greatoakscharter.org

What is the revenue of Great Oaks Charter School - Wilmington Inc?

Great Oaks Charter School - Wilmington Inc's revenue in 2022 was $6,616,030.


Official website here: www.wilmington.greatoakscharter.org

Who are the executives of Great Oaks Charter School - Wilmington Inc and what are their salaries?

The average compensation at Great Oaks Charter School - Wilmington Inc during 2022 was $62,259. There are 45 employees and 13 volunteers at Great Oaks Charter School - Wilmington Inc.


Here are 13 key members and their salaries:


Jim Mazarakis (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Snowberger (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Maxwell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rysheema Dixon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erica Hitchens (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Toronto (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Holloway (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keria Broadnax (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Firment (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Harvey-Bowen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antoinette Capri (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leland Kent (Executive Di)
  • Compensation: $115,692
  • Related: $0
  • Other: $48,798
Damien Burke (Chief Operat)
  • Compensation: $87,938
  • Related: $0
  • Other: $40,093


Official website here: www.wilmington.greatoakscharter.org

Where can I find the form 990 for Great Oaks Charter School - Wilmington Inc?

Great Oaks Charter School - Wilmington Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wilmington.greatoakscharter.org

Learn more at the official website: www.wilmington.greatoakscharter.org

Mission Statement of Great Oaks Charter School - Wilmington Inc

Great Oaks Charter School-Wilmington, as an educational institution, is committed to a mission that focuses on preparing its students for success in a competitive four-year college. This is achieved through the delivery of personalized instruction, a key aspect of their educational approach. The school places a strong emphasis on character development, recognizing that it is an essential component in equipping students with the values needed for college success. Furthermore, Great Oaks Charter School-Wilmington fosters relationships and families within its community, understanding that these connections contribute significantly to a student's overall development. The school's programs are designed with the specific goal of preparing students for academic success beyond high school.

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Impact




July, 2024

Great Oaks Charter School - Wilmington Inc's impact lies in preparing students to succeed in college by providing individualized instruction, emphasizing character development, and fostering relationships and families. The school's specific programs aim to equip students with the knowledge and values necessary to graduate from competitive four-year colleges. Through personalized teaching methods and a focus on character building, the school is instrumental in empowering students to achieve academic success and pursue higher education opportunities.




This information is meant to be a general summary of Great Oaks Charter School - Wilmington 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.

Revenue
$6,616,030 (2022)
Expenses
$8,689,226 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,686,722
  • Gross Receipts: $6,616,030

Assets and Liabilities:

  • Total Assets: $11,817,518
  • Total Liabilities: $20,767,065
  • Net Assets: -$8,949,547

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CHARGES TO SCHOOL DISTRICTS

Revenue

$1,686,722

Organization Details

Founding Year

2013

Principal Officer

Laretha Odumosu

Main Address

1200 N FRENCH ST, WILMINGTON, DE, 19801

NTEE Category

Code: B25 - Education

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