Oak Initiative
- Assets
- $67.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Mill, SC
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-0803307
Organization Overview
Oak Initiative is located in Fort Mill, SC. The organization was established in 2010. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Initiative is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Oak Initiative generated $59.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $39.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OAK INITIATIVE, INC. IS A NOT-FOR-PROFIT SOCIAL WELFARE ORGANIZATIONESTABLISHED TO UNITE, MOBILIZE, EQUIP, AND ACTIVATE CHRISTIANSTO FIND AND PROMOTE CHRISTIAN SOLUTIONS TO CURRENT WORLD ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Joyner President | 1 | $0 | |
Marc Nuttle Chairman | 0 | $0 | |
Nicholas Papanicolau Treasurer | 1 | $0 | |
Lance Wallnau Director | 0 | $0 | |
Larry Jackson Director | 0 | $0 | |
Ardell Daniels Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,671 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,671 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,871 |
| Professional fees and other payments to independent contractors | $5,687 |
| Occupancy, rent, utilities, and maintenance | $6,937 |
| Printing, publications, postage, and shipping | $3,490 |
| Other expenses | $13,532 |
| Total expenses | $39,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,608 |
| Other assets | $0 |
| Total assets | $67,608 |
| Total liabilities | $0 |
| Net assets or fund balances | $67,608 |
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