Civic Intelligence

Summit Education Association Inc

990EZ • Fiscal year 2022 • EIN 20-1853192

Jan 01, 2022 to Dec 31, 2022 • Filed on May 02, 2023

Organization ProfileN/A
8210 W Market StGreensboro, NC 27409

(336) 662-6250

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

9th percentile

-288%

Higher net margin than 9% of similar nonprofits.

2022 filings • NTEE B82 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B82 • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-4.4%

Faster asset growth than 41% of similar nonprofits.

2022 filings • NTEE B82 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

22%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • NTEE B82 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$386,186

Flat from 2022

Net Assets

$386,186

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin9th percentile

Revenue

Flat

$6,222

Flat from 2022

Expenses

Flat

$24,170

Flat from 2022

Net Income

Flat

-$17,948

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2018: $155,116Liabilities 2018: $0Net Assets 2018: $155,1162018Assets 2019: $443,681Liabilities 2019: $0Net Assets 2019: $443,6812019Assets 2020: $405,734Liabilities 2020: $0Net Assets 2020: $405,7342020Assets 2021: $404,134Net Assets 2021: $404,1342021Assets 2022: $386,186Net Assets 2022: $386,1862022Assets 2022: $386,186Liabilities 2022: $02022

Highlighted filing

2022

Assets$386,186
Liabilities-
Net Assets$386,186
Open 2022 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $312,250Expenses 2018: $157,134Net Income 2018: $155,1162018Revenue 2019: $789,345Expenses 2019: $500,780Net Income 2019: $288,5652019Revenue 2020: $4,133Expenses 2020: $42,080Net Income 2020: -$37,9472020Revenue 2021: $5,090Expenses 2021: $6,690Net Income 2021: -$1,6002021Revenue 2022: $6,222Expenses 2022: $24,170Net Income 2022: -$17,9482022Revenue 2022: $6,222Expenses 2022: $24,170Net Income 2022: -$17,9482022

Highlighted filing

2022

Revenue$6,222
Expenses$24,170
Net Income-$17,948
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 2, 2023
Return Version
2022v5.0
Gross Receipts
$6,222
Mission and Program Overview

Mission

To solicit members and tax deductible contributions to support the efforts of summit credit union in providing education scholarships and educational seminars.

Program Services

DescriptionGrantsExpenses
TO SOLICIT MEMBERS AND TAX DEDUCTIBLE CONTRIBUTIONS TO SUPPORT THE EFFORTS OF SUMMIT CREDIT UNION IN PROVIDING EDUCATION SCHOLARSHIPS AND EDUCATIONAL SEMINARS.-$23,200
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JACK THORNTONChairman-$0--
DAN GREENEVice-Chairma-$0--
PAUL FRANCISTreasurer-$0--
SHARISSE FULLERSecretary-$0--
RICK MILLERMember-$0--
Filing and Contact Details

Filer

Filer Name
Summit Education Association Inc
EIN
20-1853192
Phone
3366626250
Address
8210 W MARKET ST, GREENSBORO, NC 27409

Signing Officer

Name
Jack Thornton
Title
Chairman
Phone
3366626250
Signed
2023-05-02
Discuss with paid preparer
Yes

Preparer

Firm
Butler Burke Llp
Address
100 CLUB OAKS COURT SUITE A, WINSTONSALEM, NC 27104
Preparer
Jane R Potter
Phone
3367682310
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses licensing fees 23,000 miscellaneous 200 total 23,200”

Form 990-ez, Part III

“To solicit members and tax deductible contributions to support the efforts of summit credit union in providing education scholarships and educational seminars.”

Raw XML Appendix129 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MISSY PRESTON
IRS990EZ/BooksInCareOfDetail/PhoneNum03366626200
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt08210 W MARKET STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GREENSBORO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027409
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0404134
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0386186
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt06222
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-17948
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0970
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0404134
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0386186
IRS990EZ/GrossReceiptsAmt06222
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0404134
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0386186
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0404134
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0386186
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JACK THORNTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DAN GREENE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2PAUL FRANCIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SHARISSE FULLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RICK MILLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-CHAIRMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt023200
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO SOLICIT MEMBERS AND TAX DEDUCTIBLE CONTRIBUTIONS TO SUPPORT THE EFFORTS OF SUMMIT CREDIT UNION IN PROVIDING EDUCATION SCHOLARSHIPS AND EDUCATIONAL SEMINARS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO SOLICIT MEMBERS AND TAX DEDUCTIBLE CONTRIBUTIONS TO SUPPORT THE EFFORTS OF SUMMIT CREDIT UNION IN PROVIDING EDUCATION SCHOLARSHIPS AND EDUCATIONAL SEMINARS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt023200
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt024170
IRS990EZ/TotalProgramServiceExpensesAmt023200
IRS990EZ/TotalRevenueAmt06222
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04133
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05477
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt029285
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt029285
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06222
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04133
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05477
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt029285
IRS990ScheduleA/TotalSupportAmt029285
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES LICENSING FEES 23,000 MISCELLANEOUS 200 TOTAL 23,200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO SOLICIT MEMBERS AND TAX DEDUCTIBLE CONTRIBUTIONS TO SUPPORT THE EFFORTS OF SUMMIT CREDIT UNION IN PROVIDING EDUCATION SCHOLARSHIPS AND EDUCATIONAL SEMINARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK THORNTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03366626250
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT EDUCATION ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0201853192
ReturnHeader/Filer/PhoneNum03366626250
ReturnHeader/Filer/USAddress/AddressLine1Txt08210 W MARKET ST
ReturnHeader/Filer/USAddress/CityNm0GREENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027409
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561138530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUTLER BURKE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 CLUB OAKS COURT SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027104
ReturnHeader/PreparerPersonGrp/PhoneNum03367682310
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANE R POTTER
ReturnHeader/ReturnTs02023-05-10T15:33:12-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JACK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THORNTON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$386,186
Liabilities
-
Net assets
$386,186
Revenue
$6,222
Expenses
$24,170
Net income
-$17,948
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$3.86$3.86$0.06$0.24$0.18
2022Summary only. Only limited summary data is available for this year.$3.86$0.00$0.06$0.24$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$4.04$0.05$0.07$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.06$0.00$4.06$0.04$0.42$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$0.00$4.44$7.89$5.01$2.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.00$1.55$3.12$1.57$1.55