Oxford Academy Inc
- Assets
- $8.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Westbrook, CT
- Founding
- 07/1987
- Data as of
- 08/2021
- EIN
- 22-2809363
Organization Overview
Oxford Academy Inc is located in Westbrook, CT. The organization was established in 1987. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2021, Oxford Academy Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oxford 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 08/2021, Oxford Academy Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.3m during the year ending 08/2021. While expenses have increased by 1.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OXFORD ACADEMY IS TO PROVIDE YOUNG MEN WITH A SUCCESSFUL EXPERIENCE THROUGH ONE-TO-ONE INSTRUCTION, A STRUCTURED BOARDING ENVIRONMENT AND A CLOSE, CARING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SCHOLASTIC ACADEMIC SUPPORT TO APPROXIMATELY 45 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Cocchiola Head Of School | OfficerTrustee | 40 | $189,977 |
William Cochran Treasurer | Officer | 1 | $0 |
Richard Connell President | Officer | 1 | $0 |
Richard Brainerd Trustee | Trustee | 1 | $0 |
Richard Fernandes Trustee | Trustee | 1 | $0 |
John Stone Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Green Technologies Inc Solar Project Design And Construction | 8/30/21 | $152,950 |
The Barn Yard Enterprises Inc Construction Services | 8/30/21 | $364,298 |
Flik Independent School Dining Food Service | 8/30/21 | $135,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $324,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $621,673 |
| Total Program Service Revenue | $3,121,773 |
| Investment income | $16,398 |
| 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 | $3,759,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $271,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,793 |
| Compensation of current officers, directors, key employees. | $204,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,371,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $290,477 |
| Payroll taxes | $122,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,243 |
| Advertising and promotion | $16,318 |
| Office expenses | $53,492 |
| Information technology | $38,130 |
| Royalties | $0 |
| Occupancy | $274,146 |
| Travel | $6,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,467 |
| Insurance | $50,826 |
| All other expenses | $36,008 |
| Total functional expenses | $3,289,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,270 |
| Savings and temporary cash investments | $1,467,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,709 |
| 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 | $51,085 |
| Net Land, buildings, and equipment | $5,624,476 |
| Investments—publicly traded securities | $694,397 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,246,368 |
| Accounts payable and accrued expenses | $187,755 |
| Grants payable | $0 |
| Deferred revenue | $1,178,539 |
| 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 | $0 |
| Total liabilities | $1,366,294 |
| Net assets without donor restrictions | $6,863,200 |
| Net assets with donor restrictions | $16,874 |
| 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 | $8,246,368 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Oxford Academy Inc has recieved totaling $40,528.
| Awarding Organization | Amount |
|---|---|
John Pritzker Family Fund Redwood City, CA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Smart Family Foundation Of New York New Rochelle, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Kovler Family Foundation Chicago, IL PURPOSE: EDUCATION-TO AID IN ACHIEVING THE EXEMPT PURPOSE OF THE VARIOUS DONEE ORGANIZATIONS. | $5,000 |
Janet Stone Jones Foundation Stamford, CT PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $295,001 |
| Earnings | $74,396 |
| Net Contributions | $325,000 |
| Ending Balance | $694,397 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Ridgefield Academy Inc Ridgefield, CT | $32,737,443 | $17,017,349 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Chapel Hill-Chauncy Hall School Waltham, MA | $22,980,670 | $15,324,002 |
North Shore Hebrew Academy High School Great Neck, NY | $49,436,731 | $14,949,978 |
Watkinson School Hartford, CT | $19,091,578 | $12,026,879 |