Great Oaks Academy
Nonprofit profile at a glance
- EIN
- 832334904
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Farmington, MN, USA
- Phone
- 6516150499
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $6,745,197
- Expenses
- $6,441,919
- Assets
- $7,265,799
- Liabilities
- $7,352,709
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- PAUL MCGLYNN (EXECUTIVE DIRECTOR)
Highest reported compensation
- PAUL MCGLYNN (EXECUTIVE DIRECTOR): $121,909 total reported compensation
- ROB CARPENTIER (MEMBER/TEACHER): $83,184 total reported compensation
- ANGIE GAREIS (MEMBER/TEACHER): $57,481 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cultivating the minds and hearts of our students through a classical, liberal arts education, with instruction that is rigorous, literature-rich, wondrous, and virtuous in a disciplined and engaging environment.
What it reported doing in 2024
Great oaks academy is a tuition-free, public charter school offering a classical, liberal arts education to students across the south metro. We serve students in grades k-9 as a single community from two locations, and will add a grade each year until k-12 is served. The farmington campus serves students in grades k-5 and the eagan campus serves students in grades 5-9. During fiscal year 2025 we served 529 students.a classical education goes beyond academic success; it prepares students for a lifetime of growth and achievement. By focusing on core subjects like literature, history, mathematics, and the arts, students develop critical thinking, problem-solving skills, and a love of learning. This strong foundation helps them navigate life's challenges with wisdom and integrity, setting them up for success both in school and in their future careers. We believe that the skills learned today will serve our students throughout their lives, shaping them into thoughtful, responsible individuals.
Operating model
- Revenue model
- Grant-funded. 98% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 90
- Accountability: 65
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 88.7%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.5%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 1.13; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 1.01; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 45.3% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 41.3% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 47.3% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 88.7% of spending went to programs
- Governance: 4 of 6 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $5.7M in reported program spending
- Leadership: top reported pay $122K · 7 people listed
- Highest-paid contractors: 3 contractors listed · $877K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 49/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.