SUMMIT ACADEMY OIC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SUMMIT ACADEMY OIC (EIN 41-0908458)
Tax period
2021-07-01 to 2022-06-30
Filed
2022-12-07
IRS object ID
202233419349300118
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-12-07T11:20:20-06:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1220 S 6TH STREET SUITE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN410908458EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SUMMIT ACADEMY OICBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSUMMBusinessNameControlTxt
Phone6123770150PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1935 OLSON MEMORIAL HIGHWAYAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARC L CARRIERPersonNm
Person TitleCFOPersonTitleTxt
Phone6123770150PhoneNum
Signature2022-12-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARCPersonFirstNm
Person LastCARRIERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL PERSAUDPreparerPersonNm
PTINP01603513PTIN
Phone6123764500PhoneNum
Preparation2022-12-01PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLOUIS J KING IIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1935 OLSON MEMORIAL HIGHWAYAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55405ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$16,885,171GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SAOIC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1966FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionHELP INDIVIDUALS DEVELOP THEIR EARNING POTENTIAL AND BECOME CONTRIBUTING CITIZENS IN THE COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee120TotalEmployeeCnt
Total Volunteers225TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$15,830,992PYContributionsGrantsAmt
CY Contributions Grants$12,117,977CYContributionsGrantsAmt
PY Program Service Revenue$3,769,470PYProgramServiceRevenueAmt
CY Program Service Revenue$4,579,100CYProgramServiceRevenueAmt
PY Investment Income$4,811PYInvestmentIncomeAmt
CY Investment Income$6,243CYInvestmentIncomeAmt
PY Other Revenue-$165,969PYOtherRevenueAmt
CY Other Revenue-$158,346CYOtherRevenueAmt
PY Total Revenue$19,439,304PYTotalRevenueAmt
CY Total Revenue$16,544,974CYTotalRevenueAmt
PY Grants And Similar Paid$3,137,658PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,577,056CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,778,541PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,948,972CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$989,853CYTotalFundraisingExpenseAmt
PY Other Expenses$2,937,719PYOtherExpensesAmt
CY Other Expenses$4,020,720CYOtherExpensesAmt
PY Total Expenses$12,853,918PYTotalExpensesAmt
CY Total Expenses$15,546,748CYTotalExpensesAmt
PY Revenues Less Expenses$6,585,386PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$998,226CYRevenuesLessExpensesAmt
Total Assets BOY$17,446,949TotalAssetsBOYAmt
Total Assets EOY$17,542,372TotalAssetsEOYAmt
Total Liabilities BOY$2,910,059TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,307,671TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$14,536,890NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,234,701NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO ASSIST INDIVIDUALS IN DEVELOPING THEIR ABILITY TO EARN AND BECOME CONTRIBUTING CITIZENS IN THEIR COMMUNITY. WE SUPPORT THE DEVELOPMENT OF SELF SUFFICIENCY IN EVERY PERSON REGARDLESS OF BACKGROUND, ECONOMIC STATUS, OR LEVEL OF ABILITY. WE STRENGTHEN THE COMMUNITY BY PREPARING INDIVIDUALS TO ASSUME THEIR ROLES AS WORKERS, CITIZENS, AND PARENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,294,057ExpenseAmt
Grant$4,577,056GrantAmt
Revenue$4,579,100RevenueAmt
DescSUMMIT ACADEMY OIC IS A NON-PROFIT VOCATIONAL TRAINING AND EDUCATIONAL CENTER BASED IN NORTH MINNEAPOLIS WITH 50 YEARS' EXPERIENCE HELPING TWIN CITIES' RESIDENTS IN ECONOMICALLY DEPRESSED NEIGHBORHOODS ACQUIRE THE TOOLS THEY NEED TO BECOME EDUCATED, EMPLOYED, AND SELF-SUPPORTING. SUMMIT ACADEMY IS THE ONLY COMMUNITY-BASED VOCATIONAL TRAINING AND JOB-PLACEMENT PROGRAM IN NORTH MINNEAPOLIS ACCREDITED BY THE COUNCIL ON OCCUPATIONAL EDUCATION AND REGISTERED WITH THE MINNESOTA HIGHER EDUCATION SERVICES OFFICE.AT SUMMIT ACADEMY OIC, WE BELIEVE THE BEST SOCIAL SERVICE PROGRAM IN THE WORLD IS A JOB. GRADUATES FROM OUR ADULT EDUCATION PROGRAMS ARE GIVEN THE OPPORTUNITY TO LIFT THEMSELVES UP FROM A LIFE OF POVERTY AND HOPELESSNESS ONTO A PATH THAT WILL LEAD TO A BETTER LIFE FOR THEMSELVES AND THEIR FAMILIES. WHERE BEFORE, THESE MEN AND WOMEN WERE LIMITED BY CHRONIC UNEMPLOYMENT, A COMPLETE LACK OF RESOURCES, AND IN MANY CASES, A LACK OF FAITH IN THEMSELVES, THEY NOW HAVE THE CHANCE TO FUNDAMENTALLY CHANGE THEIR CIRCUMSTANCES BY INCREASING THEIR INCOME AND THEIR QUALITY OF LIFE. WHEN ADULTS WORK FULL-TIME LIVING-WAGE JOBS, THEY BECOME ROLE MODELS TO YOUNG ADULTS AND CHILDREN, FAMILIES BECOME MORE STABLE, AND THE CYCLE THAT HAS KEPT THEIR COMMUNITIES POOR AND CRIME-RIDDEN IS BROKEN. THESE POSITIVE CHANGES CONTINUE TO RIPPLE OUT EVEN FURTHER INTO THE LARGER COMMUNITY AS FEWER SOCIAL SERVICES AND INCARCERATION COSTS ARE INCURRED AND GRADUATES BEGIN TO PAY TAXES. AFTER RECEIVING TRAINING IN COMMUNITY HEALTHCARE, ENERGY EFFICIENCY AND GREEN CONSTRUCTION, THESE GRADUATES HAVE GONE ON TO WORK IN JOBS THAT DIRECTLY IMPROVE MINNESOTA'S INFRASTRUCTURE.SUMMIT ACADEMY OFFERS ADULT EDUCATION AND SUPPORT SERVICES THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITIES WE SERVE. OUR CAREER AND TECHNOLOGY CENTER PROVIDES PRE-APPRENTICE TRAINING IN CONSTRUCTION (HUNDRED HARD HATS PROGRAM), WITH SPECIFIC TRACKS IN CARPENTRY AND ELECTRICAL WORK. THE CTC ALSO OFFERS PROGRAMS IN MEDICAL ADMINISTRATIVE ASSISTANT AND SINCE FISCAL 2019 WE HAVE INTRODUCED TRAINING IN IT CAREERS INCLUDING HELP DESK SUPPORT, NETWORK OPERATIONS CENTER, APPLICATION DEVELOPMENT AND CYBER SECURITY. IN ADDITION TO THE POST SECONDARY OFFERINGS SUMMIT OFFERS A CONTEXTUALIZED GED PROGRAM THAT PROVIDES INDIVIDUALS WITHOUT A HIGH SCHOOL DIPLOMA THE OPPORTUNITY TO EARN A GED IN CONJUNCTION WITH ATTAINTING AN ADVANCED CERTIFICATE IN THE AFOREMENTIONED CARRERS. ALL CAREER TRACKS ARE ALL SUPPORTED WITH SERVICES THAT DEVELOP STUDENTS' LIFE SKILLS AND ASSIST IN JOB SEEKING, PLACEMENT, AND RETENTION.SUMMIT SERVES THE AREA YOUTH FROM PRE-SCHOOL THROUGH HIGH SCHOOL WITH STEM PROGRAMMING. SUMMIT HOLDS A MONTHLY STEM ACTIVITY KNOWN AS "STEM SATURDAY'S' WHERE AGE APPROPRIATE STEM ACTIVITIES ARE LEAD BY STAFF AND VOLUNTEERS. THE STEM SATURDAYS CULMINATE WITH AN ANNUAL "STEM FEST' WHICH IS A DAY LONG FESTIVAL OF STEM RELATED TOPICS, GAMES, EXPERIMENTS AND SUCH, ALL INTENDED TO STIMULATE CURIOSITY AND INTEREST IN STEM CAREERS. IN FISCAL 2022, SUMMIT SERVED 1607 YOUTH WITH THE HELP OF 73 VOLUNTEERS. IN THIS FISCAL YEAR (JULY 1, 2021- JUNE 30, 2022), SUMMIT'S CAREER AND TECHNOLOGY CENTER SERVED 909 ADULT STUDENTS, AND 559 OBTAINED THEIR GED OR GRADUATED WITH A VOCATIONAL TRAINING CERTIFICATE OF COMPLETION. OVER THAT TIME SUMMIT PLACED 420 ADULTS IN EMPLOYMENT, COMPARED TO 208 IN THE PREVIOUS PERIOD. JOB EARNINGS FOR ALL PROGRAMS ARE AT AN AVERAGE OF $20.08 PER HOUR.Desc
Total Program Service Expenses$12,294,057TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document15IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee120EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARC L CARRIERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6122785282PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1935 OLSON MEMORIAL HIGHWAYAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55405ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
STEVE KAIRIES
CHAIRMAN OF BOARD1.00Yes (X)Yes (X)$0$0$0
MIQUEL MCMOORE
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
BONNIE PADILLA
TREASURER1.00Yes (X)Yes (X)$0$0$0
BILL PARKER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DAVE NORBACK
DIRECTOR1.00Yes (X)$0$0$0
LAUREN GROSCHEN
DIRECTOR1.00Yes (X)$0$0$0
BILL WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
PAUL NIELSEN
DIRECTOR1.00Yes (X)$0$0$0
HOPE PATTERSON
DIRECTOR1.00Yes (X)$0$0$0
JACKIE OTTOSON
DIRECTOR1.00Yes (X)$0$0$0
KIRSTEN WALSTIEN
DIRECTOR1.00Yes (X)$0$0$0
PAUL RAVICH
DIRECTOR1.00Yes (X)$0$0$0
KARL HURSTON
DIRECTOR1.00Yes (X)$0$0$0
TOM ZIRBS
DIRECTOR1.00Yes (X)$0$0$0
DAVID WOHL
DIRECTOR1.00Yes (X)$0$0$0
MARK MOREHOUSE
DIRECTOR1.00Yes (X)$0$0$0
DAVID JURAN
DIRECTOR1.00Yes (X)$0$0$0
JIM TORBORG
DIRECTOR1.00Yes (X)$0$0$0
KRISTIN YOUNG
DIRECTOR1.00Yes (X)$0$0$0
OURAPHONE WILLIS
DIRECTOR1.00Yes (X)$0$0$0
LOUIS J KING II
CEO40.00Yes (X)$516,036$0$30,567
MARC L CARRIER
CFO40.00Yes (X)$268,690$0$24,944
LEROY WEST
PRESIDENT40.00Yes (X)$256,903$0$15,096
MIRIAM WILLIAMS
CAO40.00Yes (X)$248,858$0$663
ANNE-MARIE KUIPER
DIRECTOR STRATEGIC PLANNING40.00$170,172$0$11,985Yes (X)
ANTHONY O'BRIEN
DIRECTOR OF ACADEMIC PROGRAMMING40.00$153,143$0$3,038Yes (X)
MEGAN NORMANDIN
DIRECTOR OF DATA AND EVALUATION40.00$144,125$0$9,405Yes (X)
SARAH ARMSTRONG
DIRECTOR OF DEVELOPMENT40.00$129,895$0$10,288Yes (X)
JAMIL MOHAMMED
DIRECTOR OF IT40.00$128,064$0$19,383Yes (X)
AMANDA SOMMERFELD
DIRECTOR OF ACCOUNTING40.00$123,832$0$21,252Yes (X)
MICHAEL POSTER
DIRECTOR OF STUDENT SERVICES40.00$116,332$0$4,647Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,256,050TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$151,268TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K11IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
HOPE UNITED CDC
PO BOX 11996MINNEAPOLISMN55411OUTREACH/COMMUNITY BLDG - 21 DAYS OF PEA$337,760
MEDIA BRIDGE
212 3RD AVEMINNEAPOLISMN55401CONSOLIDATED MARKETING SVCS$175,569
ATOMIC DATA LLC
250 MARQUETTE AVEMINNEAPOLISMN55401DATA MONITORING AND NETWORK SUPPORT$151,460
BWF
7900 XERXES AVEBLOOMINGTONMN55431FUNDRAISING CONSULTING$148,213
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Federated Campaigns$241,630FederatedCampaignsAmt
Fundraising$660,449FundraisingAmt
Government Grants$5,063,899GovernmentGrantsAmt
All Other Contributions$6,151,999AllOtherContributionsAmt
Noncash Contributions$343,715NoncashContributionsAmt
Total Contributions$12,117,977TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION611600$4,438,145$4,438,145
OTHER PROGRAM REVENUE900099$99,250$99,250
SOLAR ACTIVITY REVENUE900099$37,036$37,036
DINING REVENUE722210$4,389$4,389
TRANSPORTATION REVENUE480000$280$280
FieldValueIRS element (for citing)
Total Program Service Revenue$4,579,100TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,243TotalRevenueColumnAmt
Exclusion$6,243ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$129,600RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$211,815RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$82,215RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$82,215TotalRevenueColumnAmt
Exclusion-$82,215ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$52,251FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$660,449ContriRptFundraisingEventAmt
Fundraising Direct Expenses$128,382FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$76,131TotalRevenueColumnAmt
Exclusion-$76,131ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,544,974TotalRevenueColumnAmt
Related Or Exempt Func Income$4,579,100RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$152,103ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$4,577,056TotalAmt
Program Services$4,577,056ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,954,708TotalAmt
Program Services$868,289ProgramServicesAmt
Management And General$408,534ManagementAndGeneralAmt
Fundraising$677,885FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,085,057TotalAmt
Program Services$3,599,599ProgramServicesAmt
Management And General$485,458ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$19,789TotalAmt
Program Services$19,789ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$470,314TotalAmt
Program Services$438,610ProgramServicesAmt
Management And General$31,023ManagementAndGeneralAmt
Fundraising$681FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$419,104TotalAmt
Program Services$349,749ProgramServicesAmt
Management And General$44,634ManagementAndGeneralAmt
Fundraising$24,721FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$26,972TotalAmt
Management And General$26,972ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$39,397TotalAmt
Management And General$39,397ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$84,000TotalAmt
Management And General$84,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,118,441TotalAmt
Program Services$775,806ProgramServicesAmt
Management And General$179,685ManagementAndGeneralAmt
Fundraising$162,950FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$419,470TotalAmt
Program Services$388,967ProgramServicesAmt
Management And General$25,000ManagementAndGeneralAmt
Fundraising$5,503FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$366,933TotalAmt
Program Services$297,974ProgramServicesAmt
Management And General$55,805ManagementAndGeneralAmt
Fundraising$13,154FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$407,062TotalAmt
Program Services$369,159ProgramServicesAmt
Management And General$29,333ManagementAndGeneralAmt
Fundraising$8,570FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$49,367TotalAmt
Program Services$27,329ProgramServicesAmt
Management And General$18,276ManagementAndGeneralAmt
Fundraising$3,762FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$562,895TotalAmt
Program Services$498,148ProgramServicesAmt
Management And General$44,393ManagementAndGeneralAmt
Fundraising$20,354FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
CARES ACT INSTITUTIONAL$599,272$599,272
MISCELLANEOUS$249,643$173,720$18,733$57,190
DUES/SUBSCRIPTIONS$97,268$17,336$64,849$15,083

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$15,546,748TotalAmt
Program Services$12,294,057ProgramServicesAmt
Management And General$2,262,838ManagementAndGeneralAmt
Fundraising$989,853FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,952,674BOYAmt
EOY$2,572,198EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,250,172BOYAmt
EOY$1,001,881EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,623,205BOYAmt
EOY$3,323,924EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$807,643BOYAmt
EOY$1,138,121EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$282,245BOYAmt
EOY$213,341EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$11,283,501LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,583,625LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,955,438BOYAmt
EOY$5,699,876EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,547,808BOYAmt
EOY$3,564,945EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$27,764BOYAmt
EOY$28,086EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,446,949BOYAmt
EOY$17,542,372EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,024,772BOYAmt
EOY$1,361,259EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$104,400BOYAmt
EOY$208,800EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$780,887BOYAmt
EOY$737,612EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,910,059BOYAmt
EOY$2,307,671EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,374,009BOYAmt
EOY$10,808,711EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,162,881BOYAmt
EOY$4,425,990EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$14,536,890BOYAmt
EOY$15,234,701EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,446,949BOYAmt
EOY$17,542,372EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$998,226ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$300,415NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$0PoliticalExpendituresAmt
Volunteer Hours0VolunteerHoursCnt
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Volunteers0VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$84,000DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$84,000TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationTHE ACADEMY SECURED SERVICES OF REGISTERED LOBBYISTS TO REPRESENT OUR DIRECT FUNDING EFFORTS FROM THE MN LEGISLATURE AND LOCAL GOVERNMENTAL BODIES.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,600,723BeginningYearBalanceAmt
Investment Earnings Or Losses-$237,437InvestmentEarningsOrLossesAmt
End Year Balance$1,363,286EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,321,624BeginningYearBalanceAmt
Investment Earnings Or Losses$280,897InvestmentEarningsOrLossesAmt
Administrative Expenses$1,798AdministrativeExpensesAmt
End Year Balance$1,600,723EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,265,786BeginningYearBalanceAmt
Contributions$411ContributionsAmt
Investment Earnings Or Losses$62,683InvestmentEarningsOrLossesAmt
Administrative Expenses$7,256AdministrativeExpensesAmt
End Year Balance$1,321,624EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,290,118BeginningYearBalanceAmt
Contributions$15,357ContributionsAmt
Investment Earnings Or Losses$5,311InvestmentEarningsOrLossesAmt
Administrative Expenses$45,000AdministrativeExpensesAmt
End Year Balance$1,265,786EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,300,103BeginningYearBalanceAmt
Administrative Expenses$9,985AdministrativeExpensesAmt
End Year Balance$1,290,118EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$465,500OtherCostOrOtherBasisAmt
Book Value$465,500BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,235,688OtherCostOrOtherBasisAmt
Depreciation$4,106,316DepreciationAmt
Book Value$4,129,372BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,529,057OtherCostOrOtherBasisAmt
Depreciation$1,424,053DepreciationAmt
Book Value$1,105,004BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$53,256OtherCostOrOtherBasisAmt
Depreciation$53,256DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,699,876TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
CAPITAL LEASE$35,242
ASSET RETIREMENT OBLIGATION$259,220
UTILITY CONTRACT OBLIGATION$443,150
FieldValueIRS element (for citing)
Total Liability$737,612TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$14,086,541TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$300,415NetUnrealizedGainsInvstAmt
Other Revenue$211,815OtherRevenueAmt
Revenue Not Reported-$88,600RevenueNotReportedAmt
Revenue Subtotal$14,175,141RevenueSubtotalAmt
Other Revenues Not Included$2,369,833OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$2,369,833RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$16,544,974TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,395,763TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$211,815OtherExpensesIncludedAmt
Expenses Not Reported$211,815ExpensesNotReportedAmt
Expenses Subtotal$13,183,948ExpensesSubtotalAmt
Other Expenses Not Included$2,362,800OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$2,362,800ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$15,546,748TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE TWO PURPOSES STATED FOR THE ENDOWMENTS ARE 1) FUTURE FACILITY IMPROVEMENTS AND 2) STRATEGIC OPPORTUNITIES AS IDENTIFIED AND APPROVED BY THE BOARD OF DIRECTORS.
PART X, LINE 2:SUMMIT ACADEMY OIC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR MINNESOTA STATUTES. SUMMIT ACADEMY OIC IS NOT CONSIDERED A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE ORGANIZATION ARE CONSIDERED TAX DEDUCTIBLE. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSE 211,815.
PART XI, LINE 4B - OTHER ADJUSTMENTS:SAOIC TUITION GRANTS 2,362,800. BAD DEBT RECOVERY 7,033.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSE 211,815.
PART XII, LINE 4B - OTHER ADJUSTMENTS:SAOIC TUITION GRANTS 2,362,800.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3A STATEMENT IS PRINTED IN ALL PUBLIC MATERIAL INCLUDING ADVERTISING, COURSE CATALOGS, AND STUDENT MANUALS. VERBAL STATEMENTS ARE ALSO MADE IN BROADCAST ADVERTISEMENTS.
SCHEDULE E, PART I, LINE 6THE SCHOOL PARTICIPATES IN U.S. DEPARTMENT OF EDUCATION TITLE IV FUNDING, PELL, SEOG, AND WORK STUDY. THE SCHOOL ALSO PARTICIPATES IN THE STATE OF MINNESOTA STATE GRANT AND WORK STUDY PROGRAMS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF CLASSICEvent1Nm
Gross Receipts Event1$712,700GrossReceiptsEvent1Amt
Charitable Contri Event1$660,449CharitableContriEvent1Amt
Gross Revenue Event1$52,251GrossRevenueEvent1Amt
Cash Prizes Event1$1,100CashPrizesEvent1Amt
Food And Beverage Event1$32,986FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$94,296OtherDirectExpensesEvent1Amt
Gross Receipts Total$712,700GrossReceiptsTotalAmt
Charitable Contributions Tot$660,449CharitableContributionsTotAmt
Gross Revenue Total Events$52,251GrossRevenueTotalEventsAmt
Cash Prizes Total Events$1,100CashPrizesTotalEventsAmt
Food And Beverage Total Events$32,986FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$94,296OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$128,382DirectExpenseSummaryEventsAmt
Net Income Summary-$76,131NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
DRIVERS LICENSE REACQUISITION, TOOLS, DUES, ETC.87$53,671N/AN/A
SAOIC TUITION GRANTS901$2,362,233N/AN/A
STUDENT EMERGENCY NEEDS794$2,083,876N/AN/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSUMMIT'S TUITION COST IS $7,050 PER STUDENT. SOME STUDENTS MAY NOT QUALIFY FOR ANY AID FROM TITLE IV OR STATE PROGRAMS. STUDENTS REQUESTING ASSISTANCE COMPLETE A FORMAL REQUEST AND SUBMIT IT TO THE SUPPORT SERVICE OFFICE. APPLICATIONS ARE REVIEWED BY THE SUPPORT SERVICES MANAGER, CHIEF ADMINISTRATIVE OFFICER AND THE CHIEF FINANCIAL OFFICER.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgYes (1)CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LOUIS J KING II
CEO$225,289$0$290,747$0$0$0$11,600$0$18,967$0$546,603$0$0$0
MARC L CARRIER
CFO$150,240$0$118,450$0$0$0$10,950$0$13,994$0$293,634$0$0$0
LEROY WEST
PRESIDENT$138,453$0$118,450$0$0$0$5,189$0$9,907$0$271,999$0$0$0
MIRIAM WILLIAMS
CAO$130,408$0$118,450$0$0$0$663$0$0$0$249,521$0$0$0
ANNE-MARIE KUIPER
DIRECTOR STRATEGIC PLANNING$121,714$0$48,458$0$0$0$6,992$0$4,993$0$182,157$0$0$0
ANTHONY O'BRIEN
DIRECTOR OF ACADEMIC PROGRAMMING$104,685$0$48,458$0$0$0$0$0$3,038$0$156,181$0$0$0
MEGAN NORMANDIN
DIRECTOR OF DATA AND EVALUATION$95,667$0$48,458$0$0$0$5,898$0$3,507$0$153,530$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ALOUIS J. KING, II - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - NOT INCLUDED IN TAXABLE INCOME
PART I, LINE 6IN FISCAL YEAR 2021, SUMMIT ACADEMY OIC ADOPTED A FORMAL BONUS PLAN THAT IS TIED TO NET SURPLUS BEFORE DEPRECIATION.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution7ContributionCnt
Noncash Contributions Rpt F990$343,715NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationCOLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1AALL MEMBERS OF EXECUTIVE COMMITTEE ARE MEMBERS OF THE GOVERNING BOARD. EXECUTIVE COMMITTEE MEETS ON MONTHS WHEN REGULARLY SCHEDULED BOARD MEETINGS ARE NOT SCHEDULED AND HAS AUTHORITY TO ACT ON BEHALF OF FULL BOARD.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 AND THE YEAR END AUDITED STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE IN DETAIL PRIOR TO THE PRESENTATION TO THE FULL BOARD OF DIRECTORS WHICH OCCURS AT THE FIRST MEETING IMMEDIATELY FOLLOWING THE COMPLETION OF THE AUDIT AND THE PREPARATION OF THE FORM 990 RESPECTIVELY. PRINCIPALS FROM THE AUDIT FIRM ARE PRESENT TO FIELD QUESTIONS FROM THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY IS APPLIED TO ALL BOARD, OFFICERS AND STAFF OF SUMMIT. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS AND MANAGEMENT OF THE ORGANIZATION. SELF DISCLOSURE IS REQUIRED IF ANY MEMBER SUSPECTS A POSSIBLE CONFLICT OF INTEREST. IF ANY POSSIBLE CONFLICT IS DISCOVERED AFTER THE FACT, THE MATTER IS REVIEWED BY THE EXECUTIVE COMMITTEE AND IF NECESSARY THE FULL BOARD OF DIRECTORS. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF) HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE WITHIN THE ORGANIZATION SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF). DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF). THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF) SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO SUMMIT. THE DECISION OF THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF) ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF SUMMIT AND THE ADVANCEMENT OF ITS PURPOSE. PROCEEDINGS ON CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
FORM 990, PART VI, SECTION B, LINE 15CEO COMPENSATION AS WELL AS CFO AND CAO COMPENSATION IS REVIEWED AND SET BY THE COMPENSATION REVIEW COMMITTEE. BENCHMARKING AND OTHER COMPARABLES ARE PREPARED FOR AND REVIEWED BY THE COMMITTEE. ALL COMPENSATION CHANGES ARE DOCUMENTED IN THE MINUTES OF THE COMMITTEE MEETING. BENCHMARK DATA WAS USED FOR BOTH INDUSTRY LEVEL AND JOB LEVEL REVIEWS.TOOLS AVAILABLE FOR BENCHMARKING INCLUDE REVIEW OF COMPARABLE NON-PROFIT ORGANIZATION FORM 990'S, THE MN COUNCIL OF NON-PROFITS, MINNESOTA METROPOLITAN ARE SALARY SURVEY, ROBERT HALF SALARY GUIDE AND SURVEY. SUMMIT RETAINS THE SERVICES OF PAYSCALE, A SUBSCRIPTION BASED SERVICE THAT PROVIDES STATE OF THE ART TECHNOLOGY IN MARKET COMPARABLES. THE PROCESS WAS CONDUCTED IN 2021 FOR THE CEO, L. KING, CFO M. CARRIER, M. WILLIAMS AND L. WEST COO.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT, ORGANIZATIONS WEBSITE AND ON THE CHARITIES REVIEW COUNCIL WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.

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