2012-04-17T13:41:56-05:00 2011-06-30 REA & ASSOCIATES INC 941 STEUBENVILLE AVE PO BOX 820 CAMBRIDGE OH 437250820 990 2010-07-01 341938197 SUMMIT ACADEMY MANAGEMENT SUMM 3306708470 2791 MOGADORE ROAD AKRON OH 44312 GERALD P HOLZAPFEL 3306708470 2012-04-19 1 MARY ELIZABETH WRIGHT CPA 7404325658 2012-04-09 2010 2016-02-24 21:20:13Z BRIAN PENDLETON 2791 MOGADORE ROAD AKRON OH 44312 43128076 0 X WWW.SUMMITACADEMIES.COM X 2002 OH TO PROVIDE SUPPORT SERVICES FOR CHARTER SCHOOLS. 5 5 865 0 0 0 366500 3000 41063130 42977030 2321 -870 0 134035 41431951 43113195 0 0 0 0 25824400 30150898 0 0 0 11628719 12429600 37453119 42580498 3978832 532697 10541324 11095234 5995230 5647443 4546094 5447791 TO PROVIDE SUPPORT SERVICES FOR CHARTER SCHOOLS INCLUDING PROFESSIONAL AND ADMINISTRATIVE FUNCTIONS, DEVELOPING QUALITY CURRICULUM, AND DELIVERING CREATIVE STUDENT-CENTERED ACADEMIC PROGRAMS. 0 0 36775498 0 43105984 SUMMIT ACADEMY MANAGEMENT PROVIDED SUPPORT FOR TWENTY-SIX CHARTER SCHOOLS DURING THEIR 2011 FISCAL YEAR PURSUANT TO A MANAGEMENT CONTRACT. THIS INCLUDED HUMAN RESOURCES, PAYROLL, AND OTHER OFFICE SERVICES. SUMMIT ACADEMY MANAGEMENT WAS ALSO RESPONSIBLE FOR PURCHASING THE EXPENSES RELATED TO THE OPERATION OF THE CHARTER SCHOOLS WHICH INCLUDED, BUT WAS NOT LIMITED TO THE FOLLOWING: ASSETS, BUILDINGS, OCCUPANCY NEEDS, AND SUPPLIES. THE ORGANIZATION ALSO PROVIDED STAFF FOR, AND KEEPS DEVELOPING A CURRICULUM DESIGNED FOR, THE CHARTER SCHOOLS' STUDENT POPULATION. 36775498 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 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 0 1 93 0 1 865 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 OH X GERALD P HOLZAPFEL 3306708470 2791 MOGADORE RD AKRON OH 44312 BOBBY TAYLOR 0.10 X 4375 0 0 MARVIN BROOKSHIRE 0.10 X 5600 0 0 ANNA LISA CLARK 0.10 X 5600 0 0 DAVID LANG 0.10 X 5600 0 0 BRIAN PENDLETON 0.10 X X 5600 0 0 JAMES BOSTIC 40.00 X 89949 0 35366 DEBRA SKUL 40.00 X 97581 0 31696 DAVID A NORMAN 40.00 X 98246 0 32237 GERALD HORAK 40.00 X 144699 0 44837 GERALD P HOLZAPFEL 40.00 X 106041 0 38094 JAMES L WINKLEMAN 40.00 X 163613 0 53716 726904 0 235946 3 0 1 0 0 3000 3000 MANAGEMENT SERVICES 900099 42977030 42977030 42977030 4211 4211 45968 45968 45968 45968 9800 14881 -5081 -5081 -5081 MISCELLANEOUS REVENUE 900099 88067 88067 88067 43113195 43105984 0 4211 745521 745521 22877861 20403907 2473954 3302267 2984850 317417 2193091 1941068 252023 1032158 897977 134181 66226 23933 42293 102918 36021 66897 3088197 2947093 141104 167591 65144 102447 2276609 2177714 98895 1001104 776591 224513 4449184 4190160 259024 34028 21784 12244 114229 76914 37315 586925 586925 114672 10408 104264 MISCELLANEOUS 212214 8856 203358 STUDENT ENRICHMENT PROG 200774 198918 1856 SHIRTS & UNIFORMS 14929 14160 769 42580498 36775498 5805000 0 972937 2373156 1001169 2348400 1107165 0 0 77585 10729961 3231898 6165659 7498063 53159 39265 10541324 11095234 3799578 3374510 2195652 2272933 5995230 5647443 X 4546094 5447791 4546094 5447791 10541324 11095234 X 532697 369000 X X 0 1 1 X 0 X X X 0 0 0 SUMMIT ACADEMY AKRON ELEMENTARY SCHOOL 341879407 501 (C)(3) 0 1 1 1851766 SUMMIT ACADEMY AKRON MIDDLE SCHOOL 341948225 501 (C)(3) 0 1 1 1589131 SUMMIT ACADEMY SECONDARY SCHOOL AKRON 731685359 501 (C)(3) 0 1 1 1150821 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS CANTON 341917946 501 (C)(3) 0 1 1 1641780 SUMMIT ACADEMY SECONDARY SCHOOL CANTON 731685361 501 (C)(3) 0 1 1 1120812 SUMMIT ACADEMY COMMUNITY SCHOOL CINCINNATI 731685336 501 (C)(3) 0 1 1 1620545 SUMMIT ACADEMY TRANSITION HIGH SCHOOL CINCINNATI 201437962 501 (C)(3) 0 1 1 1189269 SUMMIT ACADEMY COMMUNITY SCHOOL COLUMBUS 731685537 501 (C)(3) 0 1 1 977647 SUMMIT ACADEMY MIDDLE SCHOOL COLUMBUS 201437998 501 (C)(3) 0 1 1 895967 SUMMIT ACADEMY TRANSITION HIGH SCHOOL COLUMBUS 201438037 501 (C)(3) 0 1 1 1013641 SUMMIT ACADEMY COMMUNITY SCHOOL DAYTON 731685342 501 (C)(3) 0 1 1 1480486 SUMMIT ACADEMY TRANSITION HIGH SCHOOL DAYTON 201438141 501 (C)(3) 0 1 1 978599 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS LORAIN 341917949 501 (C)(3) 0 1 1 2310461 SUMMIT ACADEMY MIDDLE SCHOOL LORAIN 201437981 501 (C)(3) 0 1 1 1594312 SUMMIT ACADEMY SECONDARY SCHOOL LORAIN 731685362 501 (C)(3) 0 1 1 1214238 SUMMIT ACADEMY COMMUNITY SCHOOL PAINESVILLE 201438174 501 (C)(3) 0 1 1 1412237 SUMMIT ACADEMY COMMUNITY SCHOOL PARMA 731685363 501 (C)(3) 0 1 1 3230449 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS MIDDLETOWN 341948227 501 (C)(3) 0 1 1 1492474 SUMMIT ACADEMY SECONDARY SCHOOL MIDDLETOWN 201437758 501 (C)(3) 0 1 1 900633 SUMMIT ACADEMY COMMUNITY SCHOOL TOLEDO 731685338 501 (C)(3) 0 1 1 2817957 SUMMIT ACADEMY TOLEDO LEARNING CENTER 201437706 501 (C)(3) 0 1 1 1589443 SUMMIT ACADEMY COMMUNITY SCHOOL WARREN 731685340 501 (C)(3) 0 1 1 2057607 SUMMIT ACADEMY SCHOOL FOR ALTERNATIVE LEARNERS- WARREN MIDDLE AND SECONDARY 201438064 501 (C)(3) 0 1 1 1382670 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS XENIA 341948228 501 (C)(3) 0 1 1 1127332 SUMMIT ACADEMY YOUNGSTOWN 201438260 501 (C)(3) 0 1 1 3880950 SUMMIT ACADEMY SECONDARY SCHOOL YOUNGSTOWN 731685360 501 (C)(3) 0 1 1 2059271 26 42580498 755295 755295 7288360 1311621 5976739 2686306 1920277 766029 7498063 43113195 42580498 532697 369000 369000 901697 43482195 369000 369000 43113195 0 43113195 42580498 0 42580498 0 42580498 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: LINE 2 OF SCHEDULE D: "SAM HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10-25 (FORMERLY FASB INTERPRETATION NO. 48 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AN INTERPRETATION OF FASB NO. 109) WHICH REQUIRES THE DISCLOSURE OF UNCERTAIN TAX POSITIONS. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION OR THE STATEMENTS OF ACTIVITIES RELATING TO UNCERTAIN TAX POSITIONS. ADDITIONALLY, NO TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE DURING THE NEXT 12 MONTHS. SAM EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS." PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF FEDERAL START-UP GRANT RE-PAYMENT LIABILITY 369,000. X 0 0 0 0 0 0 0 0 0 GERALD HORAK 144699 0 0 0 0 0 0 0 44837 0 189536 0 0 0 JAMES L WINKLEMAN 163613 0 0 0 0 0 0 0 53716 0 217329 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EACH OF THE TWENTY-SIX MEMBER SCHOOLS ARE REPRESENTED BY A VOTING INDIVIDUAL THAT WAS SELECTED BY THE RESPECTIVE SCHOOL BOARD. FORM 990, PART VI, SECTION A, LINE 7A ALL OF OUR SCHOOLS ARE CONTINUOUSLY REPRESENTED BY A MEMBER THEY'VE SELECTED. THESE SELECTED MEMBERS ARE ABLE TO NOMINATE THREE OF FIVE VOTING MEMBERS OF THE GOVERNING BODY. THEY ELECT ALL FIVE. FORM 990, PART VI, SECTION A, LINE 8B NOT EVERY COMMITTEE OF THE ORGANIZATION THAT MEETS IS OBLIGATED TO KEEP WRITTEN DOCUMENTS. HOWEVER, OFFICIAL MINUTES ARE ALWAYS RECORDED FOR MEETINGS IN THE AREAS OF FINANCE AND OFFICIAL POLICY. FORM 990, PART VI, SECTION B, LINE 11 FINANCIAL INFORMATION IS PROVIDED TO AN INDEPENDENT ACCOUNTING FIRM. THE FIRM PREPARES THE TAX RETURN. ONCE PREPARED, THE DOCUMENTS ARE REVEIWED BY THE FINANCE COMMITTEE. THIS COMMITTEE CONSISTS OF THE TREASURER/CFO, CEO, AND TWO OTHER BOARD MEMBERS WHOM ARE CERTIFIED PUBLIC ACCOUNTANTS. THE COMMITTEE REVIEWS THE RETURN AND IF CHANGES OR CORRECTIONS ARE DEEMED NEEDED, THEY'RE RECOMMENDED TO THE ENTIRE BOARD WHO THEN APPROVES AND RECOMMENDS THOSE ALTERATIONS TO THE ACCOUNTING FIRM BEFORE THE RETURN IS FILED WITH THE APPROPRIATE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES ITS CONFLICT OF INTEREST POLICY BY HAVING EACH DIRECTOR AND OFFICER ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THERE WAS NO CONFLICT OF INTEREST AND GIVES OPPORTUNITY TO DISCLOSE ANY POSSIBLE CONFLICTS. THE ORGANZIATION ALSO UTILIZES PERIODIC REVIEWS TO RANDOMLY MONITOR POTENTIAL CONFLICTS.THE DETAILS AND DEFINITIONS ARE OUTLINED IN GREATER DETAIL IN THE ORGANIZATION'S WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DID UTILIZE COMPENSATION COMPARABILITY REPORTS PROVIDED BY AN INDEPENDENT ACCOUNTING FIRM THIS YEAR; HOWEVER, NO CHANGES WERE DEEMED NECESSARY BASED ON THE DATA PROVIDED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023 AND MOST RECENTLY FILED TAX-EXEMPT RETURNS AVAILABLE TO THE PUBLIC AS REQUIRED. THESE DOCUMENTS DISCLOSE INFORMATION REGARDING THE ORGANIZATION'S POLICIES AND GOVERNANCE STRUCTURE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: 369,000. FINANCIAL REPORTING FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR SELECTING AN INDEPENDENT ACCOUNTING FIRM AND REVIEWING IT'S FINANCIAL REPORTS AND RETURNS. THIS COMMITTEE CONSISTS OF THE TREASURER/CFO, CEO, AND TWO OTHER BOARD MEMBERS WHOM ARE CERTIFIED PUBLIC ACCOUNTANTS. SUMMIT ACADEMY AKRON ELEMENTARY SCHOOL 88 KENT ST AKRON OH 44305 341879407 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY AKRON MIDDLE SCHOOL 2791 MOGADORE RD AKRON OH 44312 341948225 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY SECONDARY SCHOOL AKRON 864 EAST MARKET ST AKRON OH 44305 731685359 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS CANTON 1620 MARKET AVE SOUTH CANTON OH 44707 341917946 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY SECONDARY SCHOOL CANTON 2400 CLEVELAND AVE NW CANTON OH 44709 731685361 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL CINCINNATI 1660 STERNBLOCK LANE CINCINNATI OH 45237 731685336 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY TRANSITION HIGH SCHOOL CINCINNATI 5800 SALVIA AVE CINCINNATI OH 45224 201437962 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL COLUMBUS 1850 BOSTWICK RD SUITE 100 COLUMBUS OH 43227 731685537 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY MIDDLE SCHOOL COLUMBUS 1850 BOSTWICK RD SUITE 200 COLUMBUS OH 43227 201437998 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY TRANSITION HIGH SCHOOL COLUMBUS 1855 E DUBLIN-GRANVILLE RD 3RD FLOO COLUMBUS OH 43229 201438037 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL DAYTON 4128 CEDAR RIDGE DAYTON OH 45414 731685342 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY TRANSITION HIGH SCHOOL DAYTON 1407 E 3RD ST DAYTON OH 45403 201438141 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS LORAIN 2140 E 36TH ST LORAIN OH 44055 341917949 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY MIDDLE SCHOOL LORAIN 346 ILLINOIS AVE LORAIN OH 44052 201437981 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY SECONDARY SCHOOL LORAIN 1051 E ST LORAIN OH 44052 731685362 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL PAINESVILLE 268 N STATE ST PAINESVILLE OH 44077 201438174 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL PARMA 5868 STUMPH RD PARMA OH 44130 731685363 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS MIDDLETOWN 4700 CENTRAL AVE MIDDLETOWN OH 45044 341948227 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY SECONDARY SCHOOL MIDDLETOWN 7 S MARSHALL AVE MIDDLETOWN OH 45044 201437758 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL TOLEDO 1853 S AVE TOLEDO OH 43609 731685338 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY TOLEDO LEARNING CENTER 703 PHILLIPS AVE TOLEDO OH 43612 201437706 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL WARREN 2106 ARBOR AVE SE WARREN OH 44484 731685340 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY SCHOOL FOR ALTERNATIVE LEARNERS- WARREN MIDDLE AND SECONDARY 1461 MONCREST DR NW WARREN OH 44485 201438064 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY COMMUNITY SCHOOL FOR ALTERNATIVE LEARNERS XENIA 1694 PAWNEE DR XENIA OH 45385 341948228 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY YOUNGSTOWN 144 N SCHENLEY AVE YOUNGSTOWN OH 44506 201438260 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 SUMMIT ACADEMY SECONDARY SCHOOL YOUNGSTOWN 1400 OAK HILL AVE YOUNGSTOWN OH 44507 731685360 OPERATING A CHARTER SCHOOL OH 501 (C)(3) 170(B)(1)(A)(II) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1