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OAK RIDGE FOUNDATION INC

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Tax-exempt status may be revoked

OAK RIDGE FOUNDATION INC

EIN 56-0847845 · Single Organization Support (B11)

What they do

THE MISSION of OAK RIDGE MILITARY ACADEMY, A COLLEGE PREPARATORY SCHOOL, is to PROVIDE AN EDUCATIONAL ENVIRONMENT WHICH STIMULATES CURIOSITY, FOSTERS SCHOLARLY COMPETENCE, ENCOURAGES ACADEMIC EXCELLENCE, REWARDS SELF-DISCIPLINE, and DEVELOPS LEADERSHIP POTENTIAL THROUGH STUDENT INVOLVEMENT.

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.78%of revenue went to mission work64.7% of expenses · Program services
10.89%of revenue went to fundraising9.8% of expenses
$110.93spent for every $100 of revenueSpending was higher than revenue this year.
28.27%of revenue went to management and office costs25.5% of expenses
$1.90in assets for every $1 spent this yearSome assets cannot be spent right away.
6.6%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $361,645 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $156,814 for ROBERT P FORDE (ADMISSIONS DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,307,820
Mission workProgram services$2,374,39771.78% of revenue64.7% of expenses
ManagementOffice and general costs$934,96628.27% of revenue25.5% of expenses
FundraisingAsking for donations$360,10210.89% of revenue9.8% of expenses
Total expenses$3,669,465110.93% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 64.7% mission · 25.5% management · 9.8% fundraisingTotal expenses: 110.93% of revenue
2020Expense mix: 62.5% mission · 27.7% management · 9.8% fundraisingTotal expenses: 115.73% of revenue
2019Expense mix: 57.4% mission · 37.0% management · 5.5% fundraisingTotal expenses: 108.10% of revenue
2018Expense mix: 62.6% mission · 31.5% management · 5.9% fundraisingTotal expenses: 121.79% of revenue
2017Expense mix: 65.3% mission · 30.8% management · 3.9% fundraisingTotal expenses: 138.13% of revenue
2016Expense mix: 66.7% mission · 28.8% management · 4.6% fundraisingTotal expenses: 103.11% of revenue

Money in and money out

Revenue$3,307,820
Expenses$3,669,465
Annual shortfall $361,645 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,374,397 · 64.7% of expenses
Management and office costs$934,966 · 25.5% of expenses
Fundraising$360,102 · 9.8% of expenses
See all reported dollar amounts
Revenue$3,307,820
Expenses$3,669,465
Assets$6,966,193
Income$3,307,820
Contributions$217,939
Mission work (program services)$2,374,397
Fundraising$360,102
Management and general$934,966
Stocks and bonds$1,083,656
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ROBERT P FORDEADMISSIONS DIRECTOR · 40 hrs/week $156,814Base $151,348 · Other $5,466
SHANNON BOWLESCFO · 40 hrs/week $72,952Base $72,210 · Other $742
DR THOMAS S WILSONPRESIDENT · 40 hrs/week $20,434Base $14,000 · Other $6,434

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

ROBERT P FORDEADMISSIONS DIRECTOR

SHANNON BOWLESCFO

DR THOMAS S WILSONPRESIDENT

ADAM FORSBERGCFO

CAROLOS GARCIATRUSTEE

FORTH HEFFNERTRUSTEE

JASON RALSTONTRUSTEE

JIM SAVAGEVICE-CHAIRMAN

KEN HARTMANTRUSTEE

KEN MCDANIELCHAIRMAN

KEVIN JAMESTRUSTEE

MIKE STONETRUSTEE

SCOTT CAVINESSTRUSTEE

About this charity

Recognized since
January 1965
Location
2309 OAK RIDGE RD, OAK RIDGE, NC 27310-9701
County
Guilford
In care of
JAMES SAVAGE
Primary officer
JAMES SAVAGE, VICE CHAIRMAN

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
August 1, 2024
Return type
990
Tax preparer
BERNARD ROBINSON & COMPANY LLP
NTEE classification
Single Organization Support (B11)
IRS tax category
Single Organization Support
Revocation date
December 15, 2024

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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