Oakbrook Preparatory School
- Assets
- $8.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 134
- Location
- Spartanburg, SC
- Founding
- 03/1992
- Data as of
- 06/2021
- EIN
- 57-0921126
Organization Overview
Oakbrook Preparatory School is located in Spartanburg, SC. The organization was established in 1992. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Oakbrook Preparatory School employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakbrook Preparatory School 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 06/2021, Oakbrook Preparatory School generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $4.9m during the year ending 06/2021. While expenses have increased by 4.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILT ON A FOUNDATION OF CHRISTIAN FAITH OAKBROOK PREPARATORY SCHOOL EDUCATES STUDENTS TO BE INDEPENDENT LEARNERS IN A CHANGING WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAKBROOK PREPARATORY SCHOOL PROVIDES A FAITH-BASED, LIBERAL ARTS EDUCATION TO CHILDREN ENROLLED IN GRADES PRE-K THROUGH TWELVE. THE SCHOOL SERVES APPROX 450 STUDENTS AND PROVIDES A FULL RANGE OF CURRI- CULAR AND CO-CURRICULAR PROGRAMS. OAKBROOK IS AN ACCREDITED THROUGH ADVANCEED (NOW COGNIA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Boyles Head Of School | Officer | 50 | $93,725 |
Geoff Haas Board Chair | OfficerTrustee | 4 | $0 |
Cameron Fant Treasurer | OfficerTrustee | 4 | $0 |
Brent Babb Secretary | OfficerTrustee | 4 | $0 |
Mike Kirkland Board Member | Trustee | 4 | $0 |
Lee Ann Bellew Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $767,638 |
| 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 | $5,149,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $488,853 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,350,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $170,831 |
| Payroll taxes | $192,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $161,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $802 |
| Office expenses | $14,026 |
| Information technology | $28,031 |
| Royalties | $0 |
| Occupancy | $243,870 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,474 |
| Insurance | $55,680 |
| All other expenses | $0 |
| Total functional expenses | $4,912,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $787,951 |
| Savings and temporary cash investments | $64,599 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,595 |
| 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 | $1,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,250,772 |
| Accounts payable and accrued expenses | $27,646 |
| Grants payable | $0 |
| Deferred revenue | $91,862 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $64,599 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,329,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,513,539 |
| 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 | $4,737,233 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oakbrook Preparatory School has recieved totaling $67,600.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $35,100 |
South Carolina Christian Foundation Spartanburg, SC PURPOSE: PROJECT | $32,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |
Rabbi Harry H Epstein School Inc Sandy Springs, GA | $8,141,821 | $15,062,509 |
The Alfred And Adele Davis Academy Inc Atlanta, GA | $60,440,379 | $18,707,941 |
Stratford Academy Inc Macon, GA | $32,525,377 | $15,089,989 |
Spartanburg Day School Spartanburg, SC | $65,939,773 | $27,162,424 |
Duke School Durham, NC | $22,928,482 | $11,500,577 |