Oak Hill Academy
- Assets
- $17.3m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 104
- Location
- Lincroft, NJ
- Founding
- 07/1982
- Data as of
- 06/2024
- EIN
- 22-2365651
Organization Overview
Oak Hill Academy is located in Lincroft, NJ. The organization was established in 1982. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Oak Hill Academy employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hill Academy 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 06/2024, Oak Hill Academy generated $10.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $9.1m during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
- ELEMENTARY EDUCATION FOR GRADES PRE-K THROUGH EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONSECTARIAN, INDEPENDENT SCHOOL PROVIDING ELEMENTARY EDUCATION FOR GIRLS AND BOYS IN GRADES PRE-KINDERGARTEN THROUGH EIGHT. 351 STUDENTS WERE ENROLLED FOR THE 23-24 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Pacelli Headmaster/trustee | OfficerTrustee | 60 | $299,892 |
Josephine Pacelli Sec/treas/trustee | OfficerTrustee | 20 | $26,371 |
Gina Misson Controller/trustee | OfficerTrustee | 40 | $143,663 |
Christina Larkins Instr./dev./trustee | OfficerTrustee | 45 | $135,581 |
George Scheer Trustee | Trustee | 0 | $0 |
Steven Ferrara Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,617 |
| Related organizations | $0 |
| Government grants | $144,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,336 |
| Total Program Service Revenue | $9,513,031 |
| Investment income | $117,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,461 |
| Net Income from Fundraising Events | $99,521 |
| Net Income from Gaming Activities | $15,840 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,102,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,075,420 |
| 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. | $747,341 |
| Compensation of current officers, directors, key employees. | $541,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,114,871 |
| Pension plan accruals and contributions | $257,557 |
| Other employee benefits | $421,693 |
| Payroll taxes | $395,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,420 |
| Fees for services: Accounting | $61,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,493 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,357 |
| Office expenses | $42,120 |
| Information technology | $238,625 |
| Royalties | $0 |
| Occupancy | $453,458 |
| Travel | $54,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,063 |
| Interest | $58,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,489 |
| Insurance | $166,982 |
| All other expenses | $156,340 |
| Total functional expenses | $9,113,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,096,761 |
| Savings and temporary cash investments | $75,430 |
| Pledges and grants receivable | $1,200 |
| Accounts receivable, net | $32,952 |
| 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 | $23,590 |
| Net Land, buildings, and equipment | $7,463,800 |
| Investments—publicly traded securities | $2,532,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,698 |
| Total assets | $17,253,384 |
| Accounts payable and accrued expenses | $394,441 |
| Grants payable | $0 |
| Deferred revenue | $2,313,841 |
| 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 | $611,605 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,040 |
| Total liabilities | $3,346,927 |
| Net assets without donor restrictions | $13,868,933 |
| Net assets with donor restrictions | $37,524 |
| 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 | $17,253,384 |