SUMMIT ACADEMY INCORPORATED: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: SUMMIT ACADEMY INCORPORATED (EIN 04-3778013)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-11-15
IRS object ID: 201123199349304307
Schema version: 2010v3.4
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
Form 990
Schedule A
Schedule D
Schedule E
Schedule G
Schedule K
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-15T10:19:38-06:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SQUIRE & COMPANY PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1329 SOUTH 800 EAST	AddressLine1
City	OREM	City
State	UT	State
ZIP Code	840977737	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	043778013	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SUMMIT ACADEMY INCORPORATED	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SUMM	NameControl
Phone	8015724166	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1285 EAST 13200 SOUTH	AddressLine1
City	DRAPER	City
State	UT	State
ZIP Code	84020	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVE CRANDALL	Name
Title	PRESIDENT	Title
Phone	8015724166	Phone
Date Signed	2011-11-10	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	M PAUL WINWARD CPA	Name
Phone	8012256900	Phone
Date Prepared	2011-11-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DAVE CRANDALL	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1285 EAST 13200 SOUTH	AddressLine1
City	DRAPER	City
State	UT	State
ZIP Code	84020	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	6688591	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.2SUMMIT.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2003	YearFormation
State Legal Domicile	UT	StateLegalDomicile
Activity Or Mission Description	TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	170	TotalNbrEmployees
Total Nbr Volunteers	178	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	5655583	ContributionsGrantsPriorYear
Contributions Grants Current Year	6067510	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	436998	ProgramServiceRevenuePriorYear
Program Service Revenue CY	475952	ProgramServiceRevenueCY
Investment Income Prior Year	18160	InvestmentIncomePriorYear
Investment Income Current Year	22129	InvestmentIncomeCurrentYear
Other Revenue Prior Year	52449	OtherRevenuePriorYear
Other Revenue Current Year	119394	OtherRevenueCurrentYear
Total Revenue Prior Year	6163190	TotalRevenuePriorYear
Total Revenue Current Year	6684985	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	3654968	SalariesEtcPriorYear
Salaries Etc Current Year	3753805	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	33415	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2533067	OtherExpensePriorYear
Other Expenses Current Year	2453597	OtherExpensesCurrentYear
Total Expenses Prior Year	6188035	TotalExpensesPriorYear
Total Expenses Current Year	6207402	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-24845	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	477583	RevenuesLessExpensesCY
Total Assets BOY	20055439	TotalAssetsBOY
Total Assets EOY	20262544	TotalAssetsEOY
Total Liabilities BOY	18178137	TotalLiabilitiesBOY
Total Liabilities EOY	17907659	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1877302	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2354885	NetAssetsOrFundBalancesEOY
Mission Description	TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	5084925	Expense
Description	OPERATION OF ONE CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH NINTH GRADE.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	219825	Expense
Description	OPERATION OF A PRESCHOOL PROGRAM FOR THE BENEFIT OF STUDENTS.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	421252	Expense
Description	OPERATION OF A FOOD SERVICE PROGRAM FOR THE BENEFIT OF STUDENTS.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	5726002	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	true	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	17	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	170	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	STEPHANIE ARCHIBALD	NamePerson
Telephone Number	8015724166	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1285 EAST 13200 SOUTH	AddressLine1
City	DRAPER	City
State	UT	State
ZIP Code	84020	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
GREG HUGHES
MEMBER	2.00	X	0	0	0
HOLLY BROWN
MEMBER	2.00	X	0	0	0
TROY WALKER
MEMBER	2.00	X	0	0	0
STEVE FAIRBANKS
MEMBER	2.00	X	0	0	0
WHITNEY POGUE
MEMBER	2.00	X	0	0	0
DAVE CRANDALL
BOARD PRESID	2.00	X	0	0	0
STEVE CRANDALL
EXEC DIRECTO	40.00		95305	0	25499	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	95305	TotalReportableCompFromOrg
Total Other Compensation	25499	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	ORION SPEECH PATHOLOGY SERVICES LLC	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	13927 SOUTH OSBORNE LANE	AddressLine1
City	DRAPER	City
State	UT	State
ZIP Code	84020	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	SPECIAL ED	DescriptionOfServices
Compensation	164592	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
Government Grants	6026346	GovernmentGrants
All Other Contributions	41164	AllOtherContributions
Total Contributions	6067510	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
LUNCH REVENUE	241104	241104
PRESCHOOL TUITION	194982	194982
STUDENT ACTIVITIES	39366	39366
TEXTBOOKS	500	500

Field	Value	IRS element (for citing)
Total Program Service Revenue	475952	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	22129	TotalRevenueColumn
Exclusion	$22,129	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	67050	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	67050	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	67050	TotalRevenueColumn
Exclusion	$67,050	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	41345	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	3606	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	37739	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER REVENUE	Description
Total Revenue Column	14605	TotalRevenueColumn
Related Or Exempt Function Income	14605	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	14605	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	6684985	TotalRevenueColumn
Related Or Exempt Function Income	490557	RelatedOrExemptFunctionIncome
Exclusion	$89,179	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	95305	Total
Program Services	95305	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	2700198	Total
Program Services	2500016	ProgramServices
Management And General	199272	ManagementAndGeneral
Fundraising	910	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	446794	Total
Program Services	383349	ProgramServices
Management And General	62888	ManagementAndGeneral
Fundraising	557	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	356251	Total
Program Services	343046	ProgramServices
Management And General	13205	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	155257	Total
Program Services	155257	ProgramServices

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	364349	Total
Program Services	361907	ProgramServices
Management And General	2442	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	128858	Total
Program Services	81247	ProgramServices
Management And General	47611	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	1014699	Total
Program Services	935463	ProgramServices
Management And General	73188	ManagementAndGeneral
Fundraising	6048	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	417967	Total
Program Services	385329	ProgramServices
Management And General	30147	ManagementAndGeneral
Fundraising	2491	Fundraising

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
SUPPLIES & MATERIALS	468911	426690	18844	23377
TEXTBOOKS & EQUIPMENT	52962	52860	94	8
OTHER	5851	5533	294	24

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6207402	Total
Program Services	5726002	ProgramServices
Management And General	447985	ManagementAndGeneral
Fundraising	33415	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	413385	BOY
EOY	529923	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1511481	BOY
EOY	1418970	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	132446	BOY
EOY	188778	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	30557	BOY
EOY	36557	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	17369782	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1325698	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	15955387	BOY
EOY	16044084	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	1500500	BOY
EOY	1550851	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	511683	BOY
EOY	493381	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	20055439	BOY
EOY	20262544	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	623480	BOY
EOY	607418	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	124657	BOY
EOY	125241	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	17430000	BOY
EOY	17175000	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	18178137	BOY
EOY	17907659	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1877302	BOY
EOY	2354885	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1877302	BOY
EOY	2354885	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	20055439	BOY
EOY	20262544	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	477583	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3615445	OtherCostOrOtherBasis
Book Value	3615445	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	13103307	OtherCostOrOtherBasis
Depreciation	952422	Depreciation
Book Value	12150885	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	651030	OtherCostOrOtherBasis
Depreciation	373276	Depreciation
Book Value	277754	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	16044084	TotalOfBookValueLandBuildings
Total Revenue	6684985	TotalRevenue
Total Expenses	6207402	TotalExpenses
Excess Or Deficit For Year	477583	ExcessOrDeficitForYear
Excess Or Deficit Per FS	477583	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	6688591	TotRevenueEtcAuditedFinclStmt
Other Revenues	3606	OtherRevenues
Revenue Not Rptd F990	3606	RevenueNotRptdF990
Revenue Subtotal	6684985	RevenueSubtotal
Total Revenue Per Form990	6684985	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	6211008	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	3606	OtherExpensesIncluded
Expenses Not Rptd F990	3606	ExpensesNotRptdF990
Expenses Subtotal	6207402	ExpensesSubtotal
Total Expenses Per Form990	6207402	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	SPECIAL EVENT EXPENSE 3,606 SPECIAL EVENT EXPENSE -3,606
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	SPECIAL EVENT EXPENSE 3,606
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	SPECIAL EVENT EXPENSE 3,606

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	false	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 6	ReturnReference
Explanation	THE ORGANIZATION RECEIVES STATE AND FEDERAL GRANTS TO OPERATE THE SCHOOL	Explanation

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Licensed States	UT	LicensedStates

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	JOGAPALOOZA	NameOfEvent1
Gross Receipts Event1	41345	GrossReceiptsEvent1
Gross Revenue Event1	41345	GrossRevenueEvent1
Other Direct Expenses Event1	3606	OtherDirectExpensesEvent1
Gross Receipts Total	41345	GrossReceiptsTotal
Gross Revenue Total Events	41345	GrossRevenueTotalEvents
Other Direct Expenses Total Events	3606	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	3606	DirectExpenseSummaryEvents
Net Income Summary	37739	NetIncomeSummary

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)

Business Name Line2IssuerName/BusinessNameLine2	Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
UT ST CHARTER SCHOOL FINANCE BOND
UTAH STATE CHARTER SCHOOL FINANCE A	876000312	91754TAE3	2007-12-13	2440000	PURCHASE FACILITIES	false	false	false
UT ST CHARTER SCHOOL FINANCE BOND
	876000312	91754TAF0	2007-12-13	15355000	PURCHASE FACILITIES	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)

Capital ExpendituresCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Amount In Reserve FundAmountInReserveFund	Issuance Costs From ProceedsIssuanceCostsFromProceeds
2440000	2008	false	false	true	true
13630365	2008	false	false	false	true	1253650	470985

Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
false	false	false	false	false	false
false	false	false	false	false	false

Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate
false	false	false	false	false	false
false	false	false	false	false	false

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	DAVID CRANDALL	NamePerson

Field	Value	IRS element (for citing)
Relationship	RELATIVE-BOARD	Relationship
Amount Of Transaction	95305	AmountOfTransaction
Description Of Transaction	EMPLOYEE	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RELATED PARTY INFORMATION AMONG OFFICERS	FORM 990, PAGE 6, PART VI, LINE 2	DAVID CRANDALL STEVE CRANDALL BOARD MEMBER DIRECTOR BROTHER
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	BOARD SUBMITS FORMS WHICH ARE REVIEWED ANNUALLY.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE BOARD RECEIVES COMPENSATION AMOUNTS AND APPROVES.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	THE BOARD RECEIVES COMPENSATION AMOUNTS AND APPROVES.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	UPON REQUEST

SUMMIT ACADEMY INCORPORATED: Form 990, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

Activity2 Activity2

Activity3 Activity3

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Address Of Contractor AddressOfContractor

Address US AddressUS

Program Service Revenue ProgramServiceRevenue (4 entries)

Investment Income InvestmentIncome

Gross Rents GrossRents

Rental Income Or Loss RentalIncomeOrLoss

Net Rental Income Or Loss NetRentalIncomeOrLoss

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Comp Current Officers Directors CompCurrentOfficersDirectors

Other Salaries And Wages OtherSalariesAndWages

Pension Plan Contributions PensionPlanContributions

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Other FeesForServicesOther

Occupancy Occupancy

Interest Interest

Depreciation Depletion DepreciationDepletion

Other Expenses OtherExpenses (3 entries)

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Accounts Receivable AccountsReceivable

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Equipment Equipment

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

Schedule E IRS990ScheduleE

Form990 Schedule E Part II Form990ScheduleEPartII

Schedule G IRS990ScheduleG

Events Information EventsInformation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)

Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)

Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)

Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

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