2015-05-08T12:52:24-05:00 2014-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2013-07-01 264243160 SUMMIT ACADEMY CHARTER SCHOOL SUMM 3472426710 27 HUNTINGTON STREET NO 321 BROOKLYN NY 11231 NATASHA CAMPBELL EXECUTIVE DIRECTOR 7168751403 2015-05-06 1 MICHELLE CAIN P00150750 5854231860 2015-05-06 2013 2016-02-25 16:41:14Z NATASHA CAMPBELL 27 HUNTINGTON STREET NO 321 BROOKLYN NY 11231 4810007 0 X WWW.SUMMITACADEMYCHARTERSCHOOL.ORG X 2009 NY OUR MISSIONSUMMIT ACADEMY CHARTER SCHOOL BRIDGES THE GAP BETWEEN ASPIRATIONS AND REALITIES BY PREPARING 6TH THROUGH 12TH GRADE STUDENTS TO GAIN ACCEPTANCE TO, EXCEL IN AND GRADUATE FROM COLLEGE BY USING THREE PILLARS OF SUCCESS: MASTERY OF CORE SUBJECTS, CHARACTER BUILDING, AND COMMUNITY LEADERSHIP. BY ENGAGING STUDENTS WITH AN ACADEMICALLY RIGOROUS, COLLEGE-PREPARATORY CURRICULUM AND SUPPORTING THEM IN A COMMUNITY FOCUSED ON HIGH ACADEMIC ACHIEVEMENT AND STRONG CHARACTER BUILDING, SUMMIT ACADEMY WILL PREPARE OUR YOUNG PEOPLE TO PARTICIPATE MEANINGFULLY IN THE GREATER ECONOMY AND EXPAND THEIR CHOICES AND OPPORTUNITIES. 11 11 61 11 0 0 208422 268720 3978343 4541253 -35963 -160040 0 -18194 4150802 4631739 0 0 0 0 3028712 3586015 42750 0 50599 1464297 1419022 4535759 5005037 -384957 -373298 1347590 965098 355423 346229 992167 618869 X OUR MISSIONSUMMIT ACADEMY CHARTER SCHOOL BRIDGES THE GAP BETWEEN ASPIRATIONS AND REALITIES BY PREPARING 6TH THROUGH 12TH GRADE STUDENTS TO GAIN ACCEPTANCE TO, EXCEL IN AND GRADUATE FROM COLLEGE BY USING THREE PILLARS OF SUCCESS: MASTERY OF CORE SUBJECTS, CHARACTER BUILDING, AND COMMUNITY LEADERSHIP. BY ENGAGING STUDENTS WITH AN ACADEMICALLY RIGOROUS, COLLEGE-PREPARATORY CURRICULUM AND SUPPORTING THEM IN A COMMUNITY FOCUSED ON HIGH ACADEMIC ACHIEVEMENT AND STRONG CHARACTER BUILDING, SUMMIT ACADEMY WILL PREPARE OUR YOUNG PEOPLE TO PARTICIPATE MEANINGFULLY IN THE GREATER ECONOMY AND EXPAND THEIR CHOICES AND OPPORTUNITIES. 0 0 4442435 4541253 THE PURPOSE OF THE SCHOOL IS TO PREPARE STUDENTS IN GRADES SIX THROUGH TWELVE FOR EDUCATIONAL SUCCESS FROM MIDDLE SCHOOL THROUGH COLLEGE. THIS WILL BE ACCOMPLISHED THROUGH A DEMANDING DATA DRIVEN EDUCATION BASED ON HIGH STANDARDS, STRUCTURE, AND ACCOUNTABILITY. THE SCHOOL CURRENTLY SERVES APPROXIMATELY 320 STUDENTS IN GRADES SIX THROUGH ELEVEN WITH A GROWTH PLAN THAT INCLUDES ADDING A GRADE EACH YEAR UNTIL CAPACITY IS MET AT TWELFTH GRADE AND APPROXIMATELY 400 STUDENTS. 4442435 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 0 0 0 1 18 0 1 61 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SAMEASE HANDSHAW 7189139624 27 HUNTINGTON STREET ROOM 321 BROOKLYN NY 11231 ROBERT BRISSETT TREASURER 1.00 X X 0 0 0 EUGENE MOORE BOARD CHAIR 1.00 X X 0 0 0 FLOYD MITCHELL VICE CHAIR 1.00 X X 0 0 0 DOROTHY SHIELDS TRUSTEE 1.00 X 0 0 0 CHAKA PILGRIM TRUSTEE 1.00 X 0 0 0 DENNIS MCINTOSH TRUSTEE 1.00 X 0 0 0 GREGORY STANISLAUS TRUSTEE 1.00 X 0 0 0 TONY CARBONE SECRETARY 1.00 X X 0 0 0 CORINNE PASCARIU TRUSTEE 1.00 X 0 0 0 JOHN BAILIN TRUSTEE 1.00 X 0 0 0 JOANNA ADRIAN TRUSTEE 1.00 X 0 0 0 NATASHA CAMPBELL EXECUTIVE DIRECTOR 60.00 X 140000 0 11500 SAMEASE HANDSHAW DIRECTOR OF FINANCE & OPERATIONS 50.00 X 95700 0 13550 235700 0 25050 1 0 1 0 SIGNATURE LEARNING RESOURCES 119 W 21ST ST SUITE 701 NEW YORK NY 10010 SPECIAL EDUCATION SUPPORT 166400 EDUPOWER 2560 US HIGHWAY 22 SUITE 257 SCOTCH PLAINS NJ 07076 PROFESSIONAL DEVELOPMENT AND READING SUP 109085 2 5624 252892 10204 23072 268720 STATE AND LOCAL PER PUPIL OPERATI 611600 4541253 4541253 4541253 34 34 160074 -160074 -160074 -160074 0 5624 18194 -18194 -18194 4631739 4541253 0 -178234 260750 208600 52150 2745174 2541890 189284 14000 21356 20808 396 152 299237 275758 22008 1471 259498 237697 20582 1219 2726 2726 77751 77751 302420 197772 79979 24669 72025 67231 4526 268 90642 83708 6546 388 90721 83100 7195 426 136750 125262 10846 642 22752 20947 1805 INSTRUCTIONAL SUPPLIES 353104 353104 STAFF DEVELOPMENT 225631 216034 9510 87 BAD DEBT EXPENSE 26300 26300 POSTAGE, PRINTING, COPY 12281 4605 399 7277 5919 5919 5005037 4442435 512003 50599 165229 173898 75065 75098 354230 153586 26300 278742 117437 853979 408900 448024 445079 1347590 965098 119537 124475 0 49593 235886 172161 355423 346229 X 992167 618869 992167 618869 1347590 965098 -373298 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 853979 408900 445079 445079 DEFERRED LEASE LIABILITY 2667 ACCRUED PAYROLL 169494 172161 X 4810007 178268 178268 4631739 0 4631739 5183305 178268 178268 5005037 0 5005037 PART X, LINE 2: THE CHARTER SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE CHARTER SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2014, THE CHARTER SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED BEFORE JUNE 30, 2011. TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2011 THROUGH JUNE 30, 2014 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED CONSTRUCTION 160,074. DIRECT FUNDRAISING EXPENSES 18,194. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED CONSTRUCTION 160,074. DIRECT FUNDRAISING EXPENSES 18,194. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY DURING THE REGISTRATION PERIOD BY LISTING THE POLICY IN OUR NEWSPAPER ADVERTISEMENT, ENROLLMENT APPLICATIONS AND ON OUR PUBLIC WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES START-UP GRANTS FOR FACILITIES AND IMPLEMENTATION AND CORE PUPIL AID. X X 0 0 0 0 0 0 0 0 0 NATASHA CAMPBELL EXECUTIVE DIRECTOR 140000 0 0 0 0 0 7000 0 4500 0 151500 0 0 0 FORM 990, PART I, LINE 1 VISION SUMMIT ACADEMY DEVELOPS ACADEMIC EXCELLENCE, INSTILLS CHARACTER, AND CULTIVATES LEADERSHIP. OUR ACADEMIC PROGRAM AND COLLEGE PREPARATORY CURRICULUM ARE STRUCTURED TO ACCOMPLISH TWO GOALS: (1) STUDENT ACQUISITION AND MASTERY OF BASIC LITERACY, NUMERACY, AND WRITING SKILLS AND (2) STUDENT APPLICATION OF BASIC SKILLS TO SYNTHESIZE, ANALYZE, APPLY, AND MAKE INFERENCES ABOUT CONTENT THAT IS MORE CHALLENGING AND COMPLEX. STUDENTS WILL BE ABLE TO ANSWER THE WHAT, WHY AND HOW IN ALL SUBJECT AREAS. STAFF, STUDENTS, FAMILIES AND THE COMMUNITY ARE INVOLVED IN THE EDUCATIONAL PROCESS TO CREATE A SAFE, SUPPORTIVE ENVIRONMENT WHERE STUDENTS ARE MOTIVATED TO LEARN AND BELIEVE THAT SUCCESS IS ATTAINABLE. EVERYONE HONORS AND RESPECTS THE DIFFERENCE AND UNIQUENESS OF EACH INDIVIDUAL WHILE DEVELOPING A SENSE OF RESPONSIBILITY TOWARD THEMSELVES, THEIR SCHOOL COMMUNITY, AND THE COMMUNITY AT LARGE. FORM 990, PART III, LINE 1 VISION SUMMIT ACADEMY DEVELOPS ACADEMIC EXCELLENCE, INSTILLS CHARACTER, AND CULTIVATES LEADERSHIP. OUR ACADEMIC PROGRAM AND COLLEGE PREPARATORY CURRICULUM ARE STRUCTURED TO ACCOMPLISH TWO GOALS: (1) STUDENT ACQUISITION AND MASTERY OF BASIC LITERACY, NUMERACY, AND WRITING SKILLS AND (2) STUDENT APPLICATION OF BASIC SKILLS TO SYNTHESIZE, ANALYZE, APPLY, AND MAKE INFERENCES ABOUT CONTENT THAT IS MORE CHALLENGING AND COMPLEX. STUDENTS WILL BE ABLE TO ANSWER THE WHAT, WHY AND HOW IN ALL SUBJECT AREAS. STAFF, STUDENTS, FAMILIES AND THE COMMUNITY ARE INVOLVED IN THE EDUCATIONAL PROCESS TO CREATE A SAFE, SUPPORTIVE ENVIRONMENT WHERE STUDENTS ARE MOTIVATED TO LEARN AND BELIEVE THAT SUCCESS IS ATTAINABLE. EVERYONE HONORS AND RESPECTS THE DIFFERENCE AND UNIQUENESS OF EACH INDIVIDUAL WHILE DEVELOPING A SENSE OF RESPONSIBILITY TOWARD THEMSELVES, THEIR SCHOOL COMMUNITY, AND THE COMMUNITY AT LARGE. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AFTER THE 990 HAS BEEN REVIEWED A COPY IS THEN FORWARDED ELECTRONICALLY TO EACH BOARD MEMBER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, TRUSTEE, AND KEY EMPLOYEE SHALL DISCLOSE IN WRITING ANNUALLY ALL CONFLICTS TO THE BOARD PRIOR TO THE DISCUSSION OF THE UNDERLYING MATTER OR TRANSACTION BY THE BOARD AND SHALL DRAW TO THE ATTENTION OF THE BOARD SUCH CONFLICT AT ANY SUBSEQUENT MEETINGS AT WHICH SUCH MATTER OR TRANSACTION IS DISCUSSED. FOLLOWING SUCH DISCLOSURE, A TRUSTEE SHALL BE ENTITLED TO TAKE PART IN THE DISCUSSIONS OF THE BOARD CONCERNING SUCH MATTER OR TRANSACTION AND SHALL BE CONSIDERED IN DETERMINING WHETHER A QUORUM IS PRESENT, BUT SHALL NOT BE ENTITLED TO VOTE ON THE APPLICABLE MATTER OR TRANSACTION. THE QUESTION OF WHETHER A CONFLICT EXISTS SHALL, IN THE ABSENCE OF CERTAINTY, BE DETERMINED BY THE VOTE OF A MAJORITY OF DISINTERESTED DIRECTORS PRESENT AT THE MEETING CALLED FOR THE PURPOSE OF DISCUSSING THE TRANSACTION OR MATTER TO WHICH THE CONFLICT RELATES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF SUMMIT ACADEMY CHARTER SCHOOL DETERMINED AND APPROVED THE SALARIES OF THE EXECUTIVE DIRECTOR AND PRINCIPAL OF THE SCHOOL TO ENSURE SALARIES ARE COMPARABLE WITH THOSE OF OTHER SCHOOLS WITHIN THE CITY IN WHICH THE SCHOOL OPERATES. FORM 990, PART VI, SECTION C, LINE 19 P 43 86 2 FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANTS.