The Oak Hill Academy
- Assets
- $6.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 49
- Location
- Dallas, TX
- Founding
- 04/2001
- Data as of
- 07/2022
- EIN
- 75-2911494
Organization Overview
The Oak Hill Academy is located in Dallas, TX. The organization was established in 2001. 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 07/2022, Oak Hill Academy employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hill Academy 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 07/2022, Oak Hill Academy generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.1m during the year ending 07/2022. While expenses have increased by 2.3% 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
EDUCATION- PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL SERVING STUDENTS WITH LEARNING DIFFERENCES IN PRESCHOOL THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brit Smart Executive Director | OfficerTrustee | 40 | $153,523 |
Carole Hill Founder & Lifetime Trustee | Trustee | 1 | $0 |
David Miller Lifetime Trustee | Trustee | 1 | $0 |
Patty Miller Lifetime Trustee | Trustee | 1 | $0 |
Pam Quarterman Lifetime Trustee | Trustee | 1 | $0 |
Mike Arbour Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $357,321 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,071 |
| Total Program Service Revenue | $3,691,117 |
| Investment income | $7,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,279 |
| Net Gain/Loss on Asset Sales | $5,607 |
| Net Income from Fundraising Events | $6,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,236,526 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $407,375 |
| 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 | $2,238,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,823 |
| Payroll taxes | $170,595 |
| 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 | $85,224 |
| Advertising and promotion | $26,843 |
| Office expenses | $13,140 |
| Information technology | $42,044 |
| Royalties | $0 |
| Occupancy | $54,181 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,510 |
| Insurance | $44,461 |
| All other expenses | $146,265 |
| Total functional expenses | $4,094,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,319,008 |
| Savings and temporary cash investments | $1,044,080 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,420 |
| 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 | $27,462 |
| Net Land, buildings, and equipment | $3,340,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,968 |
| Other assets | $0 |
| Total assets | $6,785,608 |
| Accounts payable and accrued expenses | $44,465 |
| Grants payable | $0 |
| Deferred revenue | $1,971,276 |
| 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 | $907,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,922,860 |
| Net assets without donor restrictions | $3,772,748 |
| Net assets with donor restrictions | $90,000 |
| 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 | $6,785,608 |