Oceanside Collegiate Academy Inc
- Assets
- $17.0m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 42
- Location
- Mount Pleasant, SC
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 47-3902664
Organization Overview
Oceanside Collegiate Academy Inc is located in Mount Pleasant, SC. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Oceanside Collegiate Academy Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanside Collegiate 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 06/2022, Oceanside Collegiate Academy Inc generated $8.1m in total revenue. All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 74.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OCEANSIDE COLLEGIATE ACADEMY (OCA) WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCEANSIDE COLLEGIATE ACADEMY (OCA) WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.
OCEANSIDE COLLEGIATE ACADEMY (OCA) WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Brown School Leade | 60 | $150,500 | |
Dr Marvin Arnsdorff Board Chair | OfficerTrustee | $0 | |
Nora Howard Secretary/tr | OfficerTrustee | $0 | |
Gary Nestler Co-Chair | OfficerTrustee | $0 | |
Ryan Bartemeyer Director | Trustee | $0 | |
Danny Johnson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,665,700 |
| 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 | $7,665,700 |
| Total Program Service Revenue | $0 |
| 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 | $8,147,718 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,787,312 |
| Pension plan accruals and contributions | $38,792 |
| Other employee benefits | $609,971 |
| Payroll taxes | $183,444 |
| Fees for services: Management | $800,306 |
| Fees for services: Legal | $110,012 |
| Fees for services: Accounting | $27,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,274,677 |
| Advertising and promotion | $30,507 |
| Office expenses | $80,961 |
| Information technology | $207,552 |
| Royalties | $0 |
| Occupancy | $307,420 |
| Travel | $5,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $729,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $518,631 |
| Insurance | $70,126 |
| All other expenses | $0 |
| Total functional expenses | $6,782,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,491,994 |
| Savings and temporary cash investments | $304,427 |
| Pledges and grants receivable | $847,028 |
| Accounts receivable, net | $0 |
| 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 | $22,584 |
| Net Land, buildings, and equipment | $12,377,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,043,961 |
| Accounts payable and accrued expenses | $482,659 |
| Grants payable | $0 |
| Deferred revenue | $387,800 |
| Tax-exempt bond liabilities | $10,240,000 |
| 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 | $572,676 |
| Total liabilities | $11,683,135 |
| Net assets without donor restrictions | $5,360,826 |
| 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 | $17,043,961 |
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|---|---|---|
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Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
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Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |
High Point Academy Inc Spartanburg, SC | $32,871,458 | $16,108,414 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |