2021-04-15T14:53:55-05:00 2020-06-30 870516083 LARSON & COMPANY PC 765 N MAIN ST SPANISH FORK UT 84660 990 2019-07-01 043778013 SUMMIT ACADEMY INCORPORATED SUMM 8015729007 1285 EAST 13200 SOUTH DRAPER UT 840209000 CHELSEA WELCH BOARD SECRETARY 8015729007 2021-02-23 true RUSSELL D OLSEN CPA P00236478 8017983545 2021-02-24 2019 2022-09-23 18:48:47Z CHELSEA WELCH 20179182 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 7 463 947 0 18322978 18763006 418182 1171305 165338 186348 83662 58523 18990160 20179182 0 0 12213799 13669876 0 0 6089119 6599899 18302918 20269775 687242 -90593 23859862 57560180 16407591 49397632 7452271 8162548 TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES. false false 18364669 607155 OPERATION OF ONE CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH EIGTH GRADE. 584998 522354 OPERATION OF PROGRAMS FOR THE BENEFIT OF STUDENTS. 938284 41796 OPERATION OF A FOOD SERVICE PROGRAM FOR THE BENEFIT OF STUDENTS. 19887951 true true false false false false false false false false true false false false true true 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 30 0 463 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 STEPHANIE ARCHIBALD BUSINESS ADM 32.00 8.00 X 76000 19000 22505 TYLER WHITTLE DIRECTOR & P 32.00 8.00 X 74666 18667 19019 RAMONA BAIK BOARD VICE P 4.00 2.00 X X 0 0 0 JEANIE DUFFIN BOARD MEMBER 2.50 1.50 X 0 0 0 BJ VANDER LINDEN BOARD TREASU 4.00 2.00 X X 0 0 0 CHRIS LYNN BOARD MEMBER 3.50 1.50 X 0 0 0 OLIVER RIES BOARD MEMBER 2.50 1.50 X 0 0 0 HOLLY SONNTAG BOARD PRESID 4.00 2.00 X X 0 0 0 CHELSEA WELCH BOARD SECRET 4.50 2.50 X X 0 0 0 150666 37667 41524 false false false 18497753 265253 18763006 SCHOOL 611600 607155 607155 FOOD SERVICES 722514 522354 522354 ACCOUNTING AND MANAGEMENT 561000 41796 41796 1171305 181937 181937 58523 58523 58523 58523 4411 4411 4411 4411 20179182 1171305 244871 160544 156333 4211 10100766 9861337 239429 3408566 3390745 17821 614295 607401 6894 1525187 1511146 14041 844262 810771 33491 520990 513204 7786 2129685 2089673 40012 965480 947341 18139 20269775 19887951 381824 0 2338826 2576252 5253279 5869584 367299 412927 1193324 1196982 20000 438676 48691380 5210686 12829011 43480694 1565365 3083411 292758 501654 23859862 57560180 1621248 2166444 147388 224242 14560791 39830000 78164 7176946 16407591 49397632 X 7251567 3359353 200704 4803195 7452271 8162548 23859862 57560180 X -90593 800870 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8922372 8922372 39769008 5210686 34558322 43480694 BOND ORIGINAL ISSUE PREMIUM 7176946 7176946 X 20179182 20179182 20179182 20269775 20269775 20269775 SCHEDULE D, PAGE 3, PART X THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A)OF THE INTERNAL REVENUE CODE (EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES) AND IS CLASSIFIED AS A SECTION 501(C)(3) PUBLIC CHARITY. ALSO, THE SCHOOL IS NOT SUBJECT TO STATE INCOME TAXES. AT JUNE 30, 2020 AND 2019 THE SCHOOL HAS NOT RECORDED A TAX LIABILITY AS IT HAS NO UNRELATED BUSINESS ACTIVITIES. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE SIGNIFICANT TO THE FINANCIAL STATEMENTS. 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 90485 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 800,870 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 101064 RECEIVED FOR FOOD SERVICE SUMMIT ACADEMY HIGH SCHOOL K 29538 RECEIVED FOR MGMT SERVICE SUMMIT ACADEMY HIGH SCHOOL K 25011 RECEIVED FOR TRAVEL SERVI SUMMIT ACADEMY HIGH SCHOOL D 49386 LOAN TO HIGH SCHOOL SUMMIT ACADEMY HICH SCHOOL Q 1193324 ADVANCE TO HIGH SCHOOL