Civic Intelligence

Summit Academy Charter School

990 • Fiscal year 2022 • EIN 26-4243160

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 27, 2023

Organization ProfileWWW.SUMMITACADEMYCHARTERSCHOOL.ORG

View Organization Page

27 Huntington Street 321Brooklyn, NY 11231

(347) 242-6710

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

26th percentile

0.06x

Higher debt load relative to revenue than 26% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Net Margin

40th percentile

3.2%

Higher net margin than 40% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$201,367

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Asset Growth

45th percentile

1.3%

Faster asset growth than 45% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

15th percentile

-16%

Faster revenue growth than 15% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$3,506,747

Up $44,802 (+1.3%) from 2021

Net Assets

Up

$3,221,906

Up $162,428 (+5.3%) from 2021

Liabilities

Down

$284,841

Down $117,626 (-29%) from 2021

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin40th percentile

Revenue

Down

$5,005,181

Down $976,635 (-16%) from 2021

Expenses

Up

$4,842,753

Up $300,747 (+6.6%) from 2021

Net Income

Down

$162,428

Down $1,277,382 (-89%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2022

Assets$3,506,747
Liabilities$284,841
Net Assets$3,221,906
Open 2022 Filing

Operations Trend

Revenue Growth15th 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

2022

Revenue$5,005,181
Expenses$4,842,753
Net Income$162,428
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 27, 2023
Return Version
2021v4.2
Gross Receipts
$5,005,181
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
Cash and Non-Interest-Bearing Accounts$2,992,384$2,510,596▼ $481,788
Pledges and Grants Receivable$189,549$548,891▲ $359,342
Land, Buildings, and Equipment, Net$198,849$335,975▲ $137,126
Prepaid Expenses and Deferred Charges$6,000$36,114▲ $30,114
Total Assets$3,461,945$3,506,747▲ $44,802
Other Assets Total$75,163$75,171▲ $8
Liabilities
Accounts Payable and Accrued Expenses$402,467$284,841▼ $117,626
Total Liabilities$402,467$284,841▼ $117,626
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,059,478$3,221,906▲ $162,428
Total Net Assets Fund Balance$3,059,478$3,221,906▲ $162,428
Total Liabilities and Net Assets / Fund Balance$3,461,945$3,506,747▲ $44,802

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$313,433$985,424$1,298,857
Other Land Buildings$22,542$280,923$303,465
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Natasha CampbellDirector of Community SuppFT$182,000$19,367$201,367
Samease HandshawDirector of Finance and OpFT$146,841$16,167$163,008
Latoya MasseyPrincipalFT$108,129$17,913$126,042

Board Members and Trustees

NameTitle
Dr Shelly Jallow Thru Dec 2021Chair
William ColvatioTreasurer & Chair (as of Jan 2022)
Virginia ConnelleyVice Chair
Alicia MurrayTrustee
Michael NievesTrustee
Michael BernardSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Center For Education InnovationEducation Partner Organization28 WEST 44TH STREET, New York City, NY 10036$304,049
Revenue and Support

Revenue Composition

Contributions and Grants
$840,928
Program Service Revenue
$4,162,475
Investment Income
$1,778
Other Revenue
$0
All Other Contributions
$253
Change in Net Assets
$162,428

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,005,181
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,081,526
Total Revenue per Audited Statements
$6,086,707
Total Revenue per Form 990
$5,005,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,698,684
Other Expenses$1,144,069
Total Fundraising Expense$12,292
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,628,487$62,754-$2,691,241
Current Officers, Directors, Trustees, and Key Employees$138,649$231,646$10,418$380,713
Other Employee Benefits$325,582$14,639-$340,221
Fees for Services Other$209,279$107,683$18$316,980
Payroll Taxes$223,417$22,301$1,114$246,832
Information Technology$114,794$6,042-$120,836
Depreciation Depletion$84,260$4,435-$88,695
Insurance$56,250$2,961-$59,211
Office Expenses$47,520$2,322-$49,842
Advertising$42,220$964-$43,184
Pension Plan Contributions$39,677--$39,677
Fees for Services Accounting-$22,000-$22,000
Other Expenses$1,419$13,003$742$1,419
All Other Expenses$915$35-$950
Total Functional Expenses$4,339,676$490,785$12,292$4,842,753

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,924,279
Expenses per Audited Statements$4,842,753
Total Expenses per Form 990$4,842,753
Expenses Not Reported on Form 990$1,081,526
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
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 11B

“The 990 is reviewed by the executive director. After the 990 has been approved, 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 321, BROOKLYN, NY 11231

Signing Officer

Name
Machael Spencer-edwards
Title
Principal
Phone
7189139624
Signed
2023-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Machael Spencer-edwards
Formed
2009
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
55
Volunteers
5

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 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 tax returns in the u.s. Federal jurisdiction. The tax returns for the years ended june 30, 2019 through june 30, 2022 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.”

Raw XML AppendixShowing 400 of 479 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/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06042
IRS990/InformationTechnologyGrp/ProgramServicesAmt0114794
IRS990/InformationTechnologyGrp/TotalAmt0120836
IRS990/InsuranceGrp/ManagementAndGeneralAmt02961
IRS990/InsuranceGrp/ProgramServicesAmt056250
IRS990/InsuranceGrp/TotalAmt059211
IRS990/InvestmentIncomeGrp/ExclusionAmt01778
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01778
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01266347
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0198849
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0335975
IRS990/LandBldgEquipCostOrOtherBssAmt01602322
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/NetAssetsOrFundBalancesBOYAmt03059478
IRS990/NetAssetsOrFundBalancesEOYAmt03221906
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03059478
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03221906
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02322
IRS990/OfficeExpensesGrp/ProgramServicesAmt047520
IRS990/OfficeExpensesGrp/TotalAmt049842
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt075163
IRS990/OtherAssetsTotalGrp/EOYAmt075171
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014639
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0325582
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0340221
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2EVENTS
IRS990/OtherExpensesGrp/Desc3DUES, FEES & SUBSCRIPTI
IRS990/OtherExpensesGrp/FundraisingAmt0742
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013003
IRS990/OtherExpensesGrp/ProgramServicesAmt0387301
IRS990/OtherExpensesGrp/ProgramServicesAmt138720
IRS990/OtherExpensesGrp/ProgramServicesAmt21186
IRS990/OtherExpensesGrp/ProgramServicesAmt31419
IRS990/OtherExpensesGrp/TotalAmt0387301
IRS990/OtherExpensesGrp/TotalAmt151723
IRS990/OtherExpensesGrp/TotalAmt21928
IRS990/OtherExpensesGrp/TotalAmt31419
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062754
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02628487
IRS990/OtherSalariesAndWagesGrp/TotalAmt02691241
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01114
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022301
IRS990/PayrollTaxesGrp/ProgramServicesAmt0223417
IRS990/PayrollTaxesGrp/TotalAmt0246832
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt039677
IRS990/PensionPlanContributionsGrp/TotalAmt039677
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0189549
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0548891
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036114
IRS990/PrincipalOfficerNm0MACHAEL SPENCER-EDWARDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0STATE AND LOCAL PER PU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04162475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04162475
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01099471
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt01798448
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04882338
IRS990/PYRevenuesLessExpensesAmt01439810
IRS990/PYSalariesCompEmpBnftPaidAmt02743558
IRS990/PYTotalExpensesAmt04542006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05981816
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0162428
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04162475
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/DonatedServicesAndUseFcltsAmt01081526
IRS990ScheduleD/DonatedServicesUseFcltsAmt01081526
IRS990ScheduleD/EquipmentGrp/BookValueAmt0313433
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0985424
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01298857
IRS990ScheduleD/ExpensesNotReportedAmt01081526
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04842753
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022542
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0280923
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0303465
IRS990ScheduleD/RevenueNotReportedAmt01081526
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05005181
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2022 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0335975
IRS990ScheduleD/TotalExpensesPerForm990Amt04842753
IRS990ScheduleD/TotalRevenuePerForm990Amt05005181
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06086707
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05924279
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/BaseCompensationFilingOrgAmt0182000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1146841
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt09450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt16250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09917
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt19917
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NATASHA CAMPBELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SAMEASE HANDSHAW
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR OF COMMUNITY SUPP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR OF FINANCE AND OP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0201367
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1163008
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR. AFTER THE 990 HAS BEEN APPROVED, 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,506,747
Liabilities
$284,841
Net assets
$3,221,906
Revenue
$5,005,181
Expenses
$4,842,753
Net income
$162,428
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