Civic Intelligence

Summit Academy Charter School

990 • Fiscal year 2016 • EIN 26-4243160

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileWWW.SUMMITACADEMYCHARTERSCHOOL.ORG
27 Huntington Street No 321Brooklyn, NY 11231

(347) 242-6710

Siviq Scores

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

Liabilities / Assets

75th percentile

0.69x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.10x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

9th percentile

-15%

Higher net margin than 9% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

70th percentile

$167,196

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

2nd percentile

-44%

Faster asset growth than 2% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-0.8%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$769,055

Down $612,724 (-44%) from 2015

Net Assets

Down

$237,551

Down $767,629 (-76%) from 2015

Liabilities

Up

$531,504

Up $154,905 (+41%) from 2015

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin9th percentile

Revenue

Down

$5,279,543

Down $43,610 (-0.8%) from 2015

Expenses

Up

$6,047,172

Up $1,110,330 (+22%) from 2015

Net Income

Down

-$767,629

Down $1,153,940 (-299%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $714,374Liabilities 2010: $206,253Net Assets 2010: $508,1212010Assets 2011: $1,217,750Liabilities 2011: $153,442Net Assets 2011: $1,064,3082011Assets 2012: $1,593,061Liabilities 2012: $215,937Net Assets 2012: $1,377,1242012Assets 2013: $1,347,590Liabilities 2013: $355,423Net Assets 2013: $992,1672013Assets 2014: $965,098Liabilities 2014: $346,229Net Assets 2014: $618,8692014Assets 2015: $1,381,779Liabilities 2015: $376,599Net Assets 2015: $1,005,1802015Assets 2016: $769,055Liabilities 2016: $531,504Net Assets 2016: $237,5512016Assets 2017: $861,731Liabilities 2017: $444,643Net Assets 2017: $417,0882017Assets 2018: $936,033Liabilities 2018: $375,618Net Assets 2018: $560,4152018Assets 2019: $1,701,641Liabilities 2019: $544,500Net Assets 2019: $1,157,1412019Assets 2020: $2,728,687Liabilities 2020: $1,109,019Net Assets 2020: $1,619,6682020Assets 2021: $3,461,945Liabilities 2021: $402,467Net Assets 2021: $3,059,4782021Assets 2022: $3,506,747Liabilities 2022: $284,841Net Assets 2022: $3,221,9062022Assets 2023: $3,028,371Liabilities 2023: $403,313Net Assets 2023: $2,625,0582023Assets 2024: $2,559,519Liabilities 2024: $396,611Net Assets 2024: $2,162,9082024Assets 2025: $2,305,837Liabilities 2025: $453,571Net Assets 2025: $1,852,2662025

Highlighted filing

2016

Assets$769,055
Liabilities$531,504
Net Assets$237,551
Open 2016 Filing

Operations Trend

Revenue Growth30th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,735,3682010Expenses 2011: $2,652,0822011Expenses 2012: $3,680,1042012Expenses 2013: $4,535,7592013Revenue 2014: $4,631,739Expenses 2014: $5,005,037Net Income 2014: -$373,2982014Revenue 2015: $5,323,153Expenses 2015: $4,936,842Net Income 2015: $386,3112015Revenue 2016: $5,279,543Expenses 2016: $6,047,172Net Income 2016: -$767,6292016Revenue 2017: $5,567,173Expenses 2017: $5,387,636Net Income 2017: $179,5372017Revenue 2018: $5,786,589Expenses 2018: $5,643,262Net Income 2018: $143,3272018Revenue 2019: $5,969,419Expenses 2019: $5,372,693Net Income 2019: $596,7262019Revenue 2020: $5,547,295Expenses 2020: $5,084,768Net Income 2020: $462,5272020Revenue 2021: $5,981,816Expenses 2021: $4,542,006Net Income 2021: $1,439,8102021Revenue 2022: $5,005,181Expenses 2022: $4,842,753Net Income 2022: $162,4282022Revenue 2023: $4,869,121Expenses 2023: $5,465,969Net Income 2023: -$596,8482023Revenue 2024: $5,724,794Expenses 2024: $6,186,944Net Income 2024: -$462,1502024Revenue 2025: $6,200,134Expenses 2025: $6,510,776Net Income 2025: -$310,6422025

Highlighted filing

2016

Revenue$5,279,543
Expenses$6,047,172
Net Income-$767,629
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$5,285,362
Mission and Program Overview

Mission

Summit academy charter school bridges the gap between aspirations and reality by preparing sixth through twelfth-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 in an academically rigorous, college-preparatory curriculum, competitive athletics program, and comprehensive fine arts academy, summit academy will prepare our young people to participate meaningfully in the greater economy and expand their choices and opportunities.

Our mission: summit 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.our 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 infe

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$390,761$396,680▲ $5,919
Cash and Non-Interest-Bearing Accounts$730,515$204,137▼ $526,378
Pledges and Grants Receivable$132,326$89,113▼ $43,213
Savings and Temporary Cash Investments$75,118$75,126▲ $8
Prepaid Expenses and Deferred Charges$53,059$3,999▼ $49,060
Total Assets$1,381,779$769,055▼ $612,724
Liabilities
Other Liabilities$273,946$332,663▲ $58,717
Accounts Payable and Accrued Expenses$102,653$198,841▲ $96,188
Total Liabilities$376,599$531,504▲ $154,905
Net Assets / Fund Balance
Unrestricted Net Assets$1,005,180$237,551▼ $767,629
Total Net Assets Fund Balance$1,005,180$237,551▼ $767,629
Total Liabilities and Net Assets / Fund Balance$1,381,779$769,055▼ $612,724

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$396,680$719,955$1,116,635
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Natasha CampbellExecutive DirectorFT$154,296$12,900$167,196
Samease HandshawDirector of Finance and OperationsFT$109,300$13,850$123,150

Board Members and Trustees

NameTitle
Floyd MitchellBoard Chair
Gregory StanislausVice Chair/trustee Through 10/2015
Tony CarbonePart Year Trustee
Robert BrissettPart Year Trustee/treasurer
John BailinTrustee
Nestor DominguezTrustee
Ashley CarterTrustee Through 1/2016
Eugene MooreTrustee Through 10/2015
Michael BernardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$291,632
Program Service Revenue
$4,990,913
Investment Income
$7
Other Revenue
$-3,009
All Other Contributions
$14,706
Change in Net Assets
$-767,629

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$23,977Fair Market Value (FMV)
Other Non Cash Contri Table$1,373Fair Market Value (FMV)
Total Noncash Contributions$25,350-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,279,543
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,819
Total Revenue per Audited Statements
$5,285,362
Total Revenue per Form 990
$5,279,543
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,915,138
Other Expenses$1,132,034
Total Fundraising Expense$799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,683,274$47,726-$3,731,000
Other Employee Benefits$454,142$33,194-$487,336
Payroll Taxes$305,387$22,321-$327,708
Current Officers, Directors, Trustees, and Key Employees$67,962$226,463-$294,425
Depreciation Depletion$157,887$11,540-$169,427
Information Technology$91,140$6,662-$97,802
Fees for Services Accounting-$95,033-$95,033
Pension Plan Contributions$69,583$5,086-$74,669
Office Expenses$67,400$4,926-$72,326
Fees for Services Other$31,037$29,928$799$61,764
Advertising$35,584$4,350-$39,934
Insurance$24,700$1,805-$26,505
Other Expenses$7,298$11,412-$7,298
All Other Expenses$3,284--$3,284
Fees for Services Legal-$675-$675
Total Functional Expenses$5,545,252$501,121$799$6,047,172

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,052,991
Expenses per Audited Statements$6,047,172
Total Expenses per Form 990$6,047,172
Expenses Not Reported on Form 990$5,819
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,819
Fundraising Gross Income$2,810
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$332,663
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Academy Charter School
EIN
26-4243160
Phone
3472426710
Address
27 HUNTINGTON STREET NO 321, BROOKLYN, NY 11231

Signing Officer

Name
Natasha Campbell
Title
Executive Director
Phone
7168751403
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natasha Campbell
Formed
2009
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
76
Volunteers
9

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Michelle Cain
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process is consistent with prior year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 5,819.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 5,819.”

Raw XML AppendixShowing 400 of 484 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.

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IRS990/ActivityOrMissionDesc0OUR MISSION: SUMMIT 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.OUR 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 INFE
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt03320
IRS990/FundraisingDirectExpensesAmt05819
IRS990/FundraisingGrossIncomeAmt02810
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0273606
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05285362
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06662
IRS990/InformationTechnologyGrp/ProgramServicesAmt091140
IRS990/InformationTechnologyGrp/TotalAmt097802
IRS990/InsuranceGrp/ManagementAndGeneralAmt01805
IRS990/InsuranceGrp/ProgramServicesAmt024700
IRS990/InsuranceGrp/TotalAmt026505
IRS990/InvestmentIncomeGrp/ExclusionAmt07
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0719955
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0390761
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0396680
IRS990/LandBldgEquipCostOrOtherBssAmt01116635
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION: SUMMIT 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.OUR 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 INFE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01005180
IRS990/NetAssetsOrFundBalancesEOYAmt0237551
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3009
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3009
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt025350
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04926
IRS990/OfficeExpensesGrp/ProgramServicesAmt067400
IRS990/OfficeExpensesGrp/TotalAmt072326
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033194
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0454142
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0487336
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2EVENTS
IRS990/OtherExpensesGrp/Desc3STUDENT MEALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011412
IRS990/OtherExpensesGrp/ProgramServicesAmt0408043
IRS990/OtherExpensesGrp/ProgramServicesAmt1130181
IRS990/OtherExpensesGrp/ProgramServicesAmt28350
IRS990/OtherExpensesGrp/ProgramServicesAmt37298
IRS990/OtherExpensesGrp/TotalAmt0408043
IRS990/OtherExpensesGrp/TotalAmt1141593
IRS990/OtherExpensesGrp/TotalAmt28350
IRS990/OtherExpensesGrp/TotalAmt37298
IRS990/OtherLiabilitiesGrp/BOYAmt0273946
IRS990/OtherLiabilitiesGrp/EOYAmt0332663
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt047726
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03683274
IRS990/OtherSalariesAndWagesGrp/TotalAmt03731000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022321
IRS990/PayrollTaxesGrp/ProgramServicesAmt0305387
IRS990/PayrollTaxesGrp/TotalAmt0327708
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05086
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt069583
IRS990/PensionPlanContributionsGrp/TotalAmt074669
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0132326
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt089113
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt053059
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03999
IRS990/PrincipalOfficerNm0NATASHA CAMPBELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0STATE AND LOCAL PER PU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04990913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04990913
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0225663
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1326
IRS990/PYOtherExpensesAmt01056939
IRS990/PYOtherRevenueAmt0-20202
IRS990/PYProgramServiceRevenueAmt05119018
IRS990/PYRevenuesLessExpensesAmt0386311
IRS990/PYSalariesCompEmpBnftPaidAmt03879903
IRS990/PYTotalExpensesAmt04936842
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05323153
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-767629
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04990913
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075118
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075126
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0396680
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0719955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01116635
IRS990ScheduleD/ExpensesNotReportedAmt05819
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06047172
IRS990ScheduleD/OtherExpensesIncludedAmt05819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0332663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherRevenueAmt05819
IRS990ScheduleD/RevenueNotReportedAmt05819
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05279543
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT FUNDRAISING EXPENSES 5,819.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES 5,819.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0396680
IRS990ScheduleD/TotalExpensesPerForm990Amt06047172
IRS990ScheduleD/TotalLiabilityAmt0332663
IRS990ScheduleD/TotalRevenuePerForm990Amt05279543
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05285362
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06052991
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES START-UP GRANTS FOR FACILITIES AND IMPLEMENTATION AND CORE PUPIL AID.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154296
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt06900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NATASHA CAMPBELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0167196
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt023977
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SOFTWARE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt01373
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS IS CONSISTENT WITH PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$769,055
Liabilities
$531,504
Net assets
$237,551
Revenue
$5,279,543
Expenses
$6,047,172
Net income
-$767,629
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.31$0.45$1.85$6.20$6.51$0.31
2024Detailed filing. Detailed filing data is available for this year.$2.56$0.40$2.16$5.72$6.19$0.46
2023Detailed filing. Detailed filing data is available for this year.$3.03$0.40$2.63$4.87$5.47$0.60
2022Detailed filing. Detailed filing data is available for this year.$3.51$0.28$3.22$5.01$4.84$0.16
2021Detailed filing. Detailed filing data is available for this year.$3.46$0.40$3.06$5.98$4.54$1.44
2020Detailed filing. Detailed filing data is available for this year.$2.73$1.11$1.62$5.55$5.08$0.46
2019Detailed filing. Detailed filing data is available for this year.$1.70$0.54$1.16$5.97$5.37$0.60
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.38$0.56$5.79$5.64$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.86$0.44$0.42$5.57$5.39$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.77$0.53$0.24$5.28$6.05$0.77
2015Detailed filing. Detailed filing data is available for this year.$1.38$0.38$1.01$5.32$4.94$0.39
2014Detailed filing. Detailed filing data is available for this year.$0.97$0.35$0.62$4.63$5.01$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.36$0.99$4.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.22$1.38$3.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.15$1.06$2.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.21$0.51$1.74