2022-05-12T11:44:24-05:00 2021-06-30 870516083 LARSON & COMPANY PC 765 N MAIN ST SPANISH FORK UT 84660 990 2020-07-01 043778013 SUMMIT ACADEMY INCORPORATED SUMM 8015729007 1285 EAST 13200 SOUTH DRAPER UT 840209000 CHELSEA WELCH BOARD PRESIDENT 8015729007 2022-05-11 true CHELSEA WELCH 999009999 RUSSELL D OLSEN CPA P00236478 8017983545 2022-05-11 2020 2022-09-23 18:48:47Z CHELSEA WELCH 1285 E 13200 S DRAPER UT 84020 21044224 false X WWW.SUMMITACADEMYSCHOOLS.ORG X 2003 UT TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES. 7 7 440 947 0 18763006 19734416 1171305 1118182 186348 60794 58523 130832 20179182 21044224 0 0 13669876 14108527 0 0 6599899 6412291 20269775 20520818 -90593 523406 57560180 58076316 49397632 52939682 8162548 5136634 TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES. false false 17927695 831471 OPERATION OF ONE CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH EIGTH GRADE. 604987 212816 OPERATION OF PROGRAMS FOR THE BENEFIT OF STUDENTS. 348609 73895 OPERATION OF A FOOD SERVICE PROGRAM FOR THE BENEFIT OF STUDENTS. 18881291 true true false false false false false false false false true false false false true false true false true false false false false false false false false false false false true false false false false false false false false true false false false false false false true false false false true 10 0 440 true false false false false false false false false X 7 7 true false false false false false false true true false false true true true true true true true true false X STEPHANIE ARCHIBALD 8015729007 1225 EAST 13200 SOUTH DRAPER UT 84020 MICHAEL CLARK DIRECTOR & P 32.00 8.00 X 43733 10933 16993 BRAD WILKINSON CFO/BUSINESS 34.00 6.00 X 32300 5700 11234 RAMONA BAIK BOARD VICE P 2.00 1.00 X X 0 0 0 JON EBORN BOARD MEMBER 2.00 1.00 X 0 0 0 CHRIS LYNN BOARD TREASU 2.00 1.00 X X 0 0 0 NIKKI STUCKI BOARD MEMBER 2.00 1.00 X 0 0 0 CHELSEA WELCH BOARD PRESID 2.00 1.00 X X 0 0 0 76033 16633 28227 false false false 19639547 94869 19734416 SCHOOL 611600 831471 831471 SCHOOL OTHER 722514 212816 212816 FOOD SERVICES 561000 73895 73895 1118182 60794 60794 115450 115450 115450 115450 SCHOOL VENDING STORE 15382 15382 15382 21044224 1118182 191626 225570 221058 4512 10770732 10497336 273396 3112225 3002537 109688 307011 212683 94328 1645246 1318748 326498 1113414 885103 228311 623331 20537 602794 1704733 1704733 1018556 1018556 20520818 18881291 1639527 0 2576252 1509565 5869584 5898469 412927 220641 1196982 1136661 438676 48639453 6168919 43480694 42470534 3083411 5149587 501654 1690859 57560180 58076316 2166444 1257768 224242 906788 39830000 38950000 7176946 11825126 49397632 52939682 X 3359353 -13253 4803195 5149887 8162548 5136634 57560180 58076316 X 523406 -3549320 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8922372 8922372 39717081 6168919 33548162 42470534 BOND ORIGINAL ISSUE PREMIUM 6931929 DEFERRED INFLOWS - PENSIONS 2507945 NET PENSION LIABILITY 2385252 11825126 21044224 21044224 21044224 20520818 20520818 20520818 true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE ORGANIZATION IS EXCUSED FROM FORMAL COMPLIANCE WITH REV PROC 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT. SCHEDULE E, LINE 6 THE ORGANIZATION RECEIVES STATE AND FEDERAL GRANTS TO OPERATE SCHOOL. A 2019 STATE CHARTER SCHOOL FINANCE A STATE CHARTER SCHOOL FINANCE AUTHOR 261275269 91754TXK4 2019-07-01 40650000 REFUND THE OUTSTANDING REVENUE BONDS WHICH FINANCED THE COSTS OF ACQUIRING THE SUMMIT ACADEMY DRAPER false false false A 14723313 50200146 2850800 126032 true false false true A false false false false false false false A false false false false false false false false false A false PURPOSE OF ISSUE DESCRIPTION 2019 STATE CHARTER SCHOOL FINANCE AU REFUND THE OUTSTANDING REVENUE BONDS WHICH FINANCED THE COSTS OF ACQUIRING THE SUMMIT ACADEMY DRAPER CHARTER SCHOOL FACILITIES, FINANCE THE PURCHASE OF THE EXISTING SUMMIT ACADEMY BLUFFDATE AND SUMMIT ACADEMY INDEPENDENCE CHARTER SCHOOL FACILITIES, FINANCE THE ACQUISITION AND CONSTRUCTION OF CERTAIN IMPROVEMENTS TO EXISTING FACILITIES, PROVIDE FOR CAPITALIZED INTEREST, FUND A DEBT SERVICE RESERVE, AND PAY COSTS OF ISSUANCE OF THE SERIES 2019A BONDS. PROSECUTIVE LANDSCAPING RELATIVE-OFFICR LANDSCAPING SERVICES false SCHEDULE L, PART V THE BOARD BELIEVES THE ABOVE REFERENCED TRANSACTIONS ARE CONSUMATED ON AN "ARMS'S LENGTH" BASIS. FORM 990, PAGE 6, PART VI, LINE 2 SUMMIT ACADEMY HIGH SCHOOL SUMMIT ACADEMY INCORPORATED SCHOOL SCHOOL SISTER SCHOOLS FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY MEMBERS OF THE BOARD AND APPROVED PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS SUBMIT FORMS WHICH ARE REVIEWED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL INCLUDES GATHERING COMPARABILITY DATA AND IS SUBJECT TO REVIEW AND APPROVAL OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION PROCESS OF OTHER OFFICERS OR KEY EMPLOYEES INCLUDES GATHERING COMPARABILITY DATA AND IS SUBJECT TO REVIEW AND APPROVAL OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN NEW ASSETS WITH DONOR RESTRICTIONS 0 SUMMIT ACADEMY HIGH SCHOOL 1225 EAST 13200 SOUTH DRAPER UT 84020 271884849 EDUCATION UT 501C3 2 NA false false false false true false false false false false false true false false false false false true false false SUMMIT ACADEMY HIGH SCHOOL K RECEIVED FOR FOOD SERVICE SUMMIT ACADEMY HIGH SCHOOL K RECEIVED FOR MGMT SERVICE SUMMIT ACADEMY HIGH SCHOOL K RECEIVED FOR TRAVEL SERVI SUMMIT ACADEMY HIGH SCHOOL D 9936661 LOAN TO HIGH SCHOOL SUMMIT ACADEMY HICH SCHOOL Q 200000 ADVANCE TO HIGH SCHOOL