Overview
What is Oakbrook Preparatory School?
Oakbrook Preparatory School is a faith-based educational institution situated in Spartanburg, South Carolina, specifically at 190 Lincoln School Road, with around 450 students enrolled from Pre-K to grade twelve. The school is renowned for its liberal arts curriculum and offers a comprehensive range of academic and extracurricular programs. Accredited through AdvanceED (now Cognia), Oakbrook Preparatory School is committed to nurturing independent learners in an ever-evolving world, rooted in Christian values. With approximately 142 employees, the school provides a supportive learning environment that fosters personal growth and academic success.
Official website here: www.oakbrookprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Oakbrook Preparatory School has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The overall score showcases the organization's commitment to transparency and responsible financial management, with a significant focus on the integrity of its operations. Achieving a score of 92% in the Accountability & Finance category indicates that the school effectively utilizes its resources to further its mission.
The organization has demonstrated notable strengths, including a fully independent board of directors, which scores a perfect 8 out of 8 points. This governance structure, along with comprehensive financial oversight, contributes to a high level of trust among stakeholders. Furthermore, the fiscal health of the school is evidenced by its low liabilities to assets ratio of 43.54%, and an impressive program expense ratio of 85.93%, which indicates that a substantial portion of its expenses is directed towards its educational programs.
However, there are a few areas for improvement. The absence of a whistleblower policy, which scored 0 out of 4 points, suggests a potential vulnerability in maintaining a culture of accountability and reporting. Addressing this gap could enhance the school’s governance framework. Overall, Oakbrook Preparatory School appears to be a financially stable organization with a strong commitment to its mission, though it would benefit from implementing additional policies to bolster its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Oakbrook Preparatory School legitimate?
Oakbrook Preparatory School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakbrook Preparatory School 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: $106,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,510,135
For more financial information, click here
Official website here: www.oakbrookprep.org
What is the mission statement of Oakbrook Preparatory School?
Oakbrook Preparatory School, rooted in Christian faith, is dedicated to nurturing students to become self-reliant learners in an ever-evolving world. The school's mission is to provide a comprehensive, faith-based education, encompassing liberal arts, to students from Pre-K through twelfth grade. With a student body of approximately 450, Oakbrook offers a wide array of academic and extracurricular programs. The school is accredited by AdvanceED (now Cognia), ensuring a high standard of education.
Official website here: www.oakbrookprep.org
Who is the CEO of Oakbrook Preparatory School?
Kyle Boyles is the Board Chair of Oakbrook Preparatory School.
Official website here: www.oakbrookprep.org
What is the revenue of Oakbrook Preparatory School?
Oakbrook Preparatory School's revenue in 2022 was $5,805,707.
Official website here: www.oakbrookprep.org
Who are the executives of Oakbrook Preparatory School and what are their salaries?
The average compensation at Oakbrook Preparatory School during 2022 was $18,428. There are 142 employees and 50 volunteers at Oakbrook Preparatory School.
Here are 11 key members and their salaries:
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Official website here: www.oakbrookprep.org
Where can I find the form 990 for Oakbrook Preparatory School?
Oakbrook Preparatory School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakbrookprep.org
Learn more at the official website: www.oakbrookprep.org
Mission Statement of Oakbrook Preparatory School
Oakbrook Preparatory School, grounded in Christian faith, is committed to fostering independent learners in an evolving world. The school's mission is to provide a comprehensive, liberal arts education to students from Pre-K through twelfth grade. By instilling a strong foundation of faith, Oakbrook Preparatory School aims to equip its students with the necessary skills to navigate the complexities of the modern world. The school serves approximately 450 students, offering a wide array of curriculum and co-curricular programs. Oakbrook Preparatory School is recognized for its commitment to excellence, having been accredited through AdvanceED (now Cognia).
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Impact
July, 2024
Oakbrook Preparatory School, built on a foundation of Christian faith, educates students to be independent learners in a changing world. The school provides a faith-based, liberal arts education to approximately 450 students enrolled in grades Pre-K through twelve in Spartanburg, South Carolina. Oakbrook Preparatory School is accredited through AdvanceED (now Cognia) and offers a full range of curricular and co-curricular programs. Its impact lies in shaping students to be independent thinkers and preparing them for the challenges of the modern world.
This information is meant to be a general summary of Oakbrook Preparatory School. 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.
- Program Service Revenue: $4,668,812
- Gross Receipts: $5,805,707
Assets and Liabilities:
- Total Assets: $8,729,986
- Total Liabilities: $3,703,633
- Net Assets: $5,026,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$4,280,134
Auxiliary Programs
Revenue
$319,851
Student Activities
Revenue
$62,708
Organization Details
Founding Year
1990
Phone
(864) 587-2060Principal Officer
Kyle Boyles
Main Address
190 LINCOLN SCHOOL RD, Spartanburg, SC, 29301
Website
www.oakbrookprep.orgNTEE Category
Code: B25 - Education
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