Ohio Connections Academy Inc
- Assets
- $14.6m
- Revenue
- $43.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mason, OH
- Founding
- 10/2006
- Data as of
- 06/2023
- EIN
- 16-1677822
Organization Overview
Ohio Connections Academy Inc is located in Mason, OH. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Connections Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ohio Connections Academy Inc generated $43.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $44.5m during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OHIO CONNECTIONS ACADEMY HAS OVER 3,750 STUDENTS ENROLLED. THE ACADEMY PROVIDES A NEW FORM OF FREE PUBLIC SCHOOL THAT STUDENTS ATTEND FROM HOME. OCA LEVERAGES TECHNOLOGY ON BEHALF OF STUDENTS WHO REQUIRE A MORE PERSONALIZED APPROACH TO EDUCATION TO MAXIMIZE THEIR POTENTIAL AND TO MEET THEIR HIGHEST LEVEL OF PERFORMANCE STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Eugene Schuster Board President | Trustee | 2 | $0 |
Tom Wolf Board Member/treasurer | Trustee | 1 | $0 |
Jim Olive Board Member | Trustee | 1 | $0 |
Bonnie Smith Board Secretary | Trustee | 1 | $0 |
Jaime Martin Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ohio Council Community Schools School Sponsor | 6/29/23 | $507,068 |
Connections Education Instructional And Educational Services | 6/29/23 | $41,247,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,146,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,146,660 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,146,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,274,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,551,070 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,660 |
| Fees for services: Accounting | $37,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,329,196 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,694 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,520,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,044,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,682,573 |
| Accounts receivable, net | $296,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,026 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,587,514 |
| Total assets | $14,633,600 |
| Accounts payable and accrued expenses | $4,031,264 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,198,974 |
| Total liabilities | $30,230,238 |
| Net assets without donor restrictions | -$15,596,638 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,633,600 |