The Oaks Community Center Inc
- Assets
- $5.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Indianapolis, IN
- Founding
- 01/2009
- Data as of
- 07/2020
- EIN
- 26-1529969
Organization Overview
The Oaks Community Center Inc is located in Indianapolis, IN. The organization was established in 2009. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 07/2021, Oaks Community Center Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaks Community Center 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 07/2020, Oaks Community Center Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $1.1m during the year ending 07/2020. While expenses have increased by 6.7% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE OAKS COMMUNITY CENTER PROVIDES ACCESS FOR MEETINGS AND ACTIVITIES THAT SUPPORT TENANT PROGRAMS, OFFER NEIGHBORHOOD SERVICES, AND FOSTER RELATIONSHIPS IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEETING SPACES FOR COMMUNITY PROGRAMS AND OTHER NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Hart Chairman Of The Board | OfficerTrustee | 2 | $0 |
Michael Erler CFO | Officer | 2 | $0 |
Joshua Abel Board Member | Trustee | 2 | $0 |
Brian Millen Board Member | Trustee | 2 | $0 |
Terry Lyons Board Member | Trustee | 2 | $0 |
Shannon Williams Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,974,192 |
| 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 | $4,210,818 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $421,293 |
| Pension plan accruals and contributions | $4,735 |
| Other employee benefits | $26,554 |
| Payroll taxes | $31,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $418,191 |
| Travel | $1,034 |
| 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 | $230,820 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,149,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,195 |
| 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 | $15,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,898,414 |
| Accounts payable and accrued expenses | $126,930 |
| 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 | $0 |
| Total liabilities | $126,930 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,771,484 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Oaks Community Center Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Edchoice Inc Indianapolis, IN PURPOSE: SEE PART IV | $50,000 |
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