Oak Service Corporation
- Assets
- $2.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Memphis, TN
- Founding
- 10/2016
- Data as of
- 06/2022
- EIN
- 47-2411265
Organization Overview
Oak Service Corporation is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Oak Service Corporation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Service Corporation 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 06/2022, Oak Service Corporation generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OAK SERVICE CORPORATION PERFORMS ADMINISTRATIVE DUTIES FOR NONPROFIT ORGANIZATIONS BY AGREEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADMINISTRATIVE SERVICES TO NON-PROFIT ORGANIZATIONS VIA WRITTEN AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin A Buck Ceo/secretary/treasurer | Officer | 40 | $277,268 |
Robert R Parsons Jr Chief Financial Officer | Officer | 40 | $233,220 |
Lance A Horner Chief Operating Officer | 40 | $147,275 | |
Mark C Dziatczak President | OfficerTrustee | 1 | $0 |
Thomas J Olsen Director | Trustee | 1 | $0 |
Michael Riley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,024,960 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,029,960 |
| Total Program Service Revenue | $884,993 |
| Investment income | $3,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $307,461 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,892 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,888 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,272,484 |
| 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. | $297,800 |
| Compensation of current officers, directors, key employees. | $223,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,814,378 |
| Pension plan accruals and contributions | $57,249 |
| Other employee benefits | $105,455 |
| Payroll taxes | $146,604 |
| 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 | $38,348 |
| Advertising and promotion | $47,461 |
| Office expenses | $656,281 |
| Information technology | $17,592 |
| Royalties | $0 |
| Occupancy | $143,964 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $343,188 |
| Interest | $0 |
| Payments to affiliates | $54,883 |
| Depreciation, depletion, and amortization | $16,312 |
| Insurance | $3,750 |
| All other expenses | $0 |
| Total functional expenses | $3,932,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,603,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $162,392 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,266 |
| Investments—publicly traded securities | $59,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,574 |
| Total assets | $2,447,800 |
| Accounts payable and accrued expenses | $164,908 |
| 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 | $164,908 |
| Net assets without donor restrictions | $2,282,892 |
| 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 | $2,447,800 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oak Service Corporation has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
Pi Kappa Alpha Foundation Memphis, TN PURPOSE: PUBLICATIONS & PROGRAMING | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of School Administrators Inc Alexandria, VA | $25,509,249 | $12,791,063 |
Virginia Commonwealth University School Of Business Foundation Richmond, VA | $84,853,521 | $9,838,833 |
Oak Service Corporation Memphis, TN | $2,447,800 | $4,272,484 |
Challenge Foundation Properties Inc Forest City, NC | $29,091,994 | $2,761,233 |
Union Square Campus Inc Greensboro, NC | $23,257,665 | $2,077,475 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,684,980 | $2,207,807 |
The Circe Institute Inc Concord, NC | $692,773 | $1,911,107 |
Communities In Schools Of Virginia Richmond, VA | $3,555,532 | $2,971,566 |
Association Of Missouri Charterschools St Louis, MO | $819,935 | $1,356,566 |
Career And Technical Education Consortium Of States Inc Decatur, GA | $4,025,565 | $2,047,533 |
Tennessee Independent Colleges And Universities Nashville, TN | $3,991,312 | $1,720,548 |
Auburn University Real Estate Foundation Inc Auburn, AL | $9,739,836 | $4,197,642 |