2018-05-10T14:03:11-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 388 S MAIN STREET SUITE 403 AKRON OH 44311 990 2016-07-01 201438174 SUMMIT ACADEMY COMMUNITY SCHOOL - PAINSVILLE C/O SUMMIT ACADEMY MANAGEMENT SUMM 3306708470 2791 MOGADORE ROAD AKRON OH 44312 AMBER SHAEFFER TREASURER 3306708470 2018-05-07 1 LISA HILLING P01624111 3303760100 2018-05-02 2016 2022-09-23 18:48:47Z AMBER SHAEFFER 2791 MOGADORE ROAD AKRON OH 44312 1298823 0 X SUMMITACADEMIES.COM X 2004 OH THE SUMMIT ACADEMY SCHOOLS BUILD HOPE, SUCCESS, AND WELL-BEING THROUGH ADVOCACY AND EDUCATION FOR CHILDREN WITH SPECIAL NEEDS. 5 0 0 0 0 0 1207339 1187356 50356 107743 0 0 3976 3724 1261671 1298823 0 0 0 0 0 0 0 0 0 1246082 1391080 1246082 1391080 15589 -92257 316719 740035 2199504 2963587 -1882785 -2223552 THE SUMMIT ACADEMY SCHOOLS BUILD HOPE, SUCCESS, AND WELL-BEING THROUGH ADVOCACY AND EDUCATION FOR CHILDREN WITH SPECIAL NEEDS. 0 0 1196346 111467 SUMMIT ACADEMY SCHOOLS PROVIDE A NURTURING EDUCATIONAL ENVIRONMENT FOR MORE THAN 2,000 STUDENTS. ONE THIRD OF THESE STUDENTS ARE ON THE AUTISM SPECTRUM, ANOTHER THIRD ARE ATTENTION DEFICIT DISORDER, AND THE REMAINING THIRD ARE EMOTIONALLY DISTURBED. IN ADDTITION TO OUR HIGHLY SPECIALIZED CURRICULUM, OUR STUDENTS ARE INVOLVED IN THERAPEUTIC MARTIAL ARTS, EDUCATIONAL FIELD TRIPS, SCOUTING AND OUTDOOR EXPERIENTIAL LEARNING. 1196346 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 OH X X SUMMIT ACADEMY MANAGEMENT - ATTN AMBER SHAEFFER 3306708470 2791 MOGADORE ROAD AKRON OH 44312 ROBERT N BRAFF BOARD MEMBER 0.50 X 0 125 0 LORRAINE R BUSER BOARD MEMBER 0.50 X 0 125 0 DAVID A CHECK BOARD MEMBER 0.50 X 0 750 0 WILLIAM L EPPICH BOARD MEMBER 0.50 X 0 750 0 RITA M MARTIN BOARD MEMBER 0.50 X 0 750 0 JAMES SLOGAR BOARD MEMBER 0.50 X 0 1000 0 BERNADETTE F WALSH BOARD MEMBER 0.50 X 0 625 0 GERALD R HORAK FORMER CEO 40.00 X 0 219445 64517 CHRISTOPHER REEHER CHEIF TECHNOLOGY AND FACILITIES OFFICER 40.00 X 0 125961 48378 DEBRA SKUL CHIEF OF ACADEMICS 40.00 X 0 136288 50809 SHAEFFER AMBER TREASURER 40.00 X 0 91149 22521 JOHN GUYER EXEC SENIOR VP 40.00 X 0 164852 41550 BARBARA DANFORTH CEO 40.00 X 0 119744 29947 JOSEPH BOVE DIRECTOR OF MARTIAL ARTS 40.00 X 0 106557 33415 ERICA RICHLEY DIRECTOR OF SPECIAL EDUCATION 40.00 X 0 106070 19763 0 1074191 310900 0 0 1 0 0 1187356 1187356 MEDICAID REVENUE 611710 104877 104877 MATERIALS AND FEES 611710 2866 2866 107743 OTHER OPERATING REVENU 611710 3724 3724 3724 1298823 111467 0 0 1390959 1196225 194734 OTHER OPERATING EXPENSE 121 121 1391080 1196346 194734 0 119775 173091 196944 566944 316719 740035 119775 173091 2079729 2790496 2199504 2963587 X 0 0 0 0 -1882785 -2223552 -1882785 -2223552 316719 740035 X -92257 -248510 0 X X 0 1 X 1 0 X 0 DEFERRED OUTFLOWS OF RESOURCES - PENSION 566944 566944 NET PENSION LIABILITY 2751441 DEFERRED INFLOWS OF RESOURCES - PENSION 39055 2790496 1298823 0 1298823 0 1298823 1391080 0 1391080 0 1391080 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SUMMIT ACADEMY'S NONDISCRIMINATION POLICY APPEARS ON ALL WRITTEN MARKETING AND PROMOTIONAL MATERIALS, AS WELL AS APPEARING AT THE BOTTOM OF THE COMPANY'S WEB-SITE. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION DOES NOT AWARD SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES BASIC AID FROM THE STATE OF OHIO AS WELL AS ADDITIONAL ASSISTANCE FOR SPECIAL EDUCATION STUDENTS. X 0 0 0 0 0 0 0 0 0 GERALD R HORAK FORMER CEO 0 219445 0 0 0 0 0 64517 0 0 0 283962 0 0 CHRISTOPHER REEHER CHEIF TECHNOLOGY AND FACILITIES OFFI 0 125961 0 0 0 0 0 33559 0 14819 0 174339 0 0 DEBRA SKUL CHIEF OF ACADEMICS 0 136288 0 0 0 0 0 41160 0 9649 0 187097 0 0 JOHN GUYER EXEC SENIOR VP 0 164852 0 0 0 0 0 41531 0 19 0 206402 0 0 FORM 990, PART VI, SECTION A, LINE 3 IN EXCHANGE FOR 100% OF ALL SCHOOL REVENUE, SUMMIT ACADEMY MANAGEMENT (SAM) IS RESPONSIBLE FOR ALL COSTS AND MOST DAY-TO-DAY DECISIONS ASSOCIATED WITH OPERATING THE SCHOOL. SUCH COSTS AND DECISION AREAS INCLUDE, BUT ARE NOT LIMITED TO: PERSONNEL (ALL TEACHING AND ADMINISTRATIVE PERSONNEL ARE EMPLOYEES OF SAM); INSURANCE; PENSION AND RETIREMENT BENEFITS; CURRICULUM MATERIALS, TEXTBOOKS, COMPUTERS AND OTHER EQUIPMENT, SOFTWARE, AND SUPPLIES; AS WELL AS UTILITIES, JANITORIAL SERVICES, LEGAL AND FINANCIAL MANAGEMENT SERVICES. SAM IS ALSO RESPONSIBLE FOR PROVIDING AND MAINTAINING THE SCHOOL'S EDUCATIONAL FACILITY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE TREASURER OF SUMMIT ACADEMY MANAGEMENT. AFTER ELECTRONIC SUBMISSION TO THE IRS, THE TREASURER WILL NOTIFY THE BOARD MEMBERS THE RETURN WILL BE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD MEMBERS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER THE PRESENTATION TO THE GOVERNING BOARD OR COMMITTEE MEETING, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE SCHOOL CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED BOARD MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE SCHOOL'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. EACH BOARD MEMBER, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY, AND AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE SELECTION PROCESS AND THE OVERSIGHT PROCESS HAS NOT CHANGED FROM LAST YEAR. FORM 990, PART XI, LINE 8: THE PRIOR PERIOD ADJUSTMENT IS A RESULT OF A 2016 FINANCIAL STATEMENT RESTATEMENT DUE TO A RECALCULATION OF NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES, AND RELATED PENSION EXPENSES. SUMMIT ACADEMY MANAGEMENT 2791 MOGADORE ROAD AKRON OH 44312 341938197 MANAGEMENT SERVICES OH 501(C)(3) 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 SUMMIT ACADEMY MANAGEMENT P 1390959