Civic Intelligence

Summit Academy High School

990 • Fiscal year 2018 • EIN 27-1884849

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

Organization ProfileWWW.SUMMITACADEMYSCHOOLS.ORG
1225 East 13200 SouthDraper, UT 84020

(801) 572-9007

Siviq Scores

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

Liabilities / Assets

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

3.05x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

57th percentile

5.1%

Higher net margin than 57% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

28th percentile

$117,522

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

19%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$14,768,688

Up $102,775 (+0.7%) from 2017

Net Assets

Up

-$2,071,012

Up $282,263 (+12%) from 2017

Liabilities

Down

$16,839,700

Down $179,488 (-1.1%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin57th percentile

Revenue

Up

$5,528,740

Up $881,273 (+19%) from 2017

Expenses

Up

$5,246,477

Up $39,611 (+0.8%) from 2017

Net Income

Up

$282,263

Up $841,662 (+150%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$20M$10M$0-$10MAssets 2011: $17,237,023Liabilities 2011: $17,219,813Net Assets 2011: $17,2102011Assets 2012: $15,413,877Liabilities 2012: $16,723,125Net Assets 2012: -$1,309,2482012Assets 2013: $15,102,985Liabilities 2013: $16,668,936Net Assets 2013: -$1,565,9512013Assets 2014: $14,922,487Liabilities 2014: $16,543,840Net Assets 2014: -$1,621,3532014Assets 2015: $14,842,735Liabilities 2015: $16,935,162Net Assets 2015: -$2,092,4272015Assets 2017: $14,665,913Liabilities 2017: $17,019,188Net Assets 2017: -$2,353,2752017Assets 2018: $14,768,688Liabilities 2018: $16,839,700Net Assets 2018: -$2,071,0122018Assets 2019: $14,902,556Liabilities 2019: $18,527,452Net Assets 2019: -$3,624,8962019Assets 2020: $14,945,443Liabilities 2020: $18,314,171Net Assets 2020: -$3,368,7282020Assets 2021: $14,518,136Liabilities 2021: $19,104,988Net Assets 2021: -$4,586,8522021Assets 2022: $14,989,976Liabilities 2022: $18,460,173Net Assets 2022: -$3,470,1972022Assets 2023: $16,330,362Liabilities 2023: $19,094,299Net Assets 2023: -$2,763,9372023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2018

Assets$14,768,688
Liabilities$16,839,700
Net Assets-$2,071,012
Open 2018 Filing

Operations Trend

Revenue Growth77th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $1,206,0212011Expenses 2012: $3,564,1112012Expenses 2013: $4,762,8782013Revenue 2014: $4,364,512Expenses 2014: $4,419,913Net Income 2014: -$55,4012014Revenue 2015: $4,209,544Expenses 2015: $4,680,618Net Income 2015: -$471,0742015Revenue 2017: $4,647,467Expenses 2017: $5,206,866Net Income 2017: -$559,3992017Revenue 2018: $5,528,740Expenses 2018: $5,246,477Net Income 2018: $282,2632018Revenue 2019: $5,723,658Expenses 2019: $7,328,604Net Income 2019: -$1,604,9462019Revenue 2020: $5,642,813Expenses 2020: $5,342,788Net Income 2020: $300,0252020Revenue 2021: $5,595,452Expenses 2021: $5,991,381Net Income 2021: -$395,9292021Revenue 2022: $6,392,124Expenses 2022: $5,275,469Net Income 2022: $1,116,6552022Revenue 2023: $7,053,224Expenses 2023: $6,346,964Net Income 2023: $706,2602023Revenue 2024: $23,048Expenses 2024: $135,080Net Income 2024: -$112,0322024

Highlighted filing

2018

Revenue$5,528,740
Expenses$5,246,477
Net Income$282,263
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$5,528,740
Mission and Program Overview

Mission

To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,106,700$11,767,881▼ $338,819
Investments in Publicly Traded Securities$2,073,068$2,224,182▲ $151,114
Cash and Non-Interest-Bearing Accounts$77,008$391,634▲ $314,626
Pledges and Grants Receivable$53,562$46,751▼ $6,811
Accounts Receivable$2,549--
Total Assets$14,665,913$14,768,688▲ $102,775
Other Assets Total$353,026$338,240▼ $14,786
Liabilities
Tax Exempt Bond Liabilities$15,170,000$14,965,000▼ $205,000
Other Liabilities$1,108,807$1,053,046▼ $55,761
Accounts Payable and Accrued Expenses$452,771$534,771▲ $82,000
Mortgage Notes Payable Secured by Investment Property$287,610$278,897▼ $8,713
Deferred Revenue-$7,986-
Total Liabilities$17,019,188$16,839,700▼ $179,488
Net Assets / Fund Balance
Unrestricted Net Assets$-2,353,275$-2,071,012▲ $282,263
Total Net Assets Fund Balance$-2,353,275$-2,071,012▲ $282,263
Total Liabilities and Net Assets / Fund Balance$14,665,913$14,768,688▲ $102,775

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,256,881$2,167,629$12,424,510
Land$1,511,000-$1,511,000
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie ArchibaldBusiness AdmPT$15,000$102,522$117,522
Natalie CallDirector & PFT$91,042$15,460$106,502

Board Members and Trustees

NameTitle
Troy WalkerChairman
Chris BleakBoard Member
David CrandallBoard Member
Holly SonntagBoard Member
Steve FairbanksBoard Member
Stephen CrandallDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,076,165
Program Service Revenue
$418,713
Investment Income
$9,646
Other Revenue
$24,216
All Other Contributions
$5,025,592
Change in Net Assets
$282,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,528,740
Total Revenue per Audited Statements
$5,528,740
Total Revenue per Form 990
$5,528,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,720,541
Salaries, Compensation, and Employee Benefits$2,525,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,774,349$-1,556-$1,772,793
Interest$1,221,583$14,249-$1,235,832
Other Employee Benefits$628,306$-218-$628,088
Depreciation Depletion$334,911$3,907-$338,818
Fees for Services Other$336,667$488-$337,155
Information Technology$241,548$37,505-$279,053
Current Officers, Directors, Trustees, and Key Employees$122,554$2,501-$125,055
All Other Expenses$13,944--$13,944
Other Expenses$7,018$1,110-$7,018
Total Functional Expenses$5,185,986$60,491$0$5,246,477

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,246,477
Total Expenses per Audited Statements$5,246,477
Total Expenses per Form 990$5,246,477
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Stephen CrandallRelative-boardDirector of SchoolNo$63,460
-Relative-officrLandscaping ServiceNo$51,599
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance From Affiliate$1,053,046

Bond Issues

BondIssuerIssuedIssue PricePurpose
AState Charter School Finance Author2011-05-10$15,765,000PURCHASE FACILITIES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
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 family members
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Dave crandall stephen crandall board member cao brother summit academy, incorporated summit academy high school school school sister schools”

Form 990, Page 6, Part VI, Line 3

“The school has contracted with summit academy, incorporated (a related organization) to provide accounting and management services. Stephen crandall, former executive director of the school, is the brother to a board member (dave crandall).”

Form 990, Page 6, Part VI, Line 8B

“Organization does not currently have any committees; all committee functions are performed by governing board.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is reviewed by members of the board and approved prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Board members submit forms which are reviewed annually.”

Form 990, Page 6, Part VI, Line 15A

“Compensation process for top official includes gathering comparability data and is subject to review and approval of the board.”

Form 990, Page 6, Part VI, Line 15B

“Compensation process of officers or key employees includes gathering comparability data and is subject to review and approval of the board.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Academy High School
EIN
27-1884849
Phone
8015729007
Address
1225 EAST 13200 SOUTH, DRAPER, UT 84020

Signing Officer

Name
Troy Walker
Title
Chairman
Phone
8015728901
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Troy Walker
Formed
2009
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
107
Volunteers
110

Preparer

Firm
Larson & Company Pc
Address
765 N MAIN ST, SPANISH FORK, UT 84660
Preparer
Russell D Olsen CPA
Phone
8017983545
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt046751
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TROY WALKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0722514
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0302093
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1116620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0302093
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1116620
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE VARIOUS STUDENT ACTIVITIES DURING THE SCHOOL YEAR, PRIMARILY ATHLETIC PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034705
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF A FOOD SERVICE PROGRAM FOR THE BENEFIT OF STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0280865
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0116620
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04272357
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04181
IRS990/PYOtherExpensesAmt02930388
IRS990/PYOtherRevenueAmt015660
IRS990/PYProgramServiceRevenueAmt0355269
IRS990/PYRevenuesLessExpensesAmt0-559399
IRS990/PYSalariesCompEmpBnftPaidAmt02276478
IRS990/PYTotalExpensesAmt05206866
IRS990/PYTotalRevenueAmt04647467
IRS990/ReconcilationRevenueExpnssAmt0282263
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt024216
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0302093
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt05246477
IRS990ScheduleD/LandGrp/BookValueAmt01511000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01511000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010256881
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02167629
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012424510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01053046
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE FROM AFFILIATE
IRS990ScheduleD/RevenueSubtotalAmt05528740
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011767881
IRS990ScheduleD/TotalExpensesPerForm990Amt05246477
IRS990ScheduleD/TotalLiabilityAmt01053046
IRS990ScheduleD/TotalRevenuePerForm990Amt05528740
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05528740
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05246477
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXCUSED FROM FORMAL COMPLIANCE WITH REV PROC 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES STATE AND FEDERAL GRANTS TO OPERATE THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt058398
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt05062
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHEN CRANDALL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt063460
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02011-05-10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum091754TDF7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt015765000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0STATE CHARTER SCHOOL FINANCE AUTHOR
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0STATE CHARTER SCHOOL FINANCE AUTHOR
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE FACILITIES
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02011
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PROSECUTIVE LANDSCAPING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0STEPHEN CRANDALL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RELATIVE-BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1RELATIVE-OFFICR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt063460
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt151599
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DIRECTOR OF SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LANDSCAPING SERVICE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0AS IDENTIFIED IN PART IV SECTION A LINE 2, STEVE CRANDALL (EXECUTIVE DRIECTOR) IS THE BROTHER OF DAVE CRANDALL (BOARD PRESIDENT). STEPHEN'S COMPENSATION IS PAID BY SUMMIT ACADEMY, INCORPORATED, A RELATED ORGANIZATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVE CRANDALL STEPHEN CRANDALL BOARD MEMBER CAO BROTHER SUMMIT ACADEMY, INCORPORATED SUMMIT ACADEMY HIGH SCHOOL SCHOOL SCHOOL SISTER SCHOOLS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL HAS CONTRACTED WITH SUMMIT ACADEMY, INCORPORATED (A RELATED ORGANIZATION) TO PROVIDE ACCOUNTING AND MANAGEMENT SERVICES. STEPHEN CRANDALL, FORMER EXECUTIVE DIRECTOR OF THE SCHOOL, IS THE BROTHER TO A BOARD MEMBER (DAVE CRANDALL).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES; ALL COMMITTEE FUNCTIONS ARE PERFORMED BY GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS REVIEWED BY MEMBERS OF THE BOARD AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS SUBMIT FORMS WHICH ARE REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION PROCESS FOR TOP OFFICIAL INCLUDES GATHERING COMPARABILITY DATA AND IS SUBJECT TO REVIEW AND APPROVAL OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION PROCESS OF OFFICERS OR KEY EMPLOYEES INCLUDES GATHERING COMPARABILITY DATA AND IS SUBJECT TO REVIEW AND APPROVAL OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SUMMIT ACADEMY INCORPORATED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043778013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01285 EAST 13200 SOUTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DRAPER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0UT

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,768,688
Liabilities
$16,839,700
Net assets
-$2,071,012
Revenue
$5,528,740
Expenses
$5,246,477
Net income
$282,263
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.02$0.14$0.11
2023Detailed filing. Detailed filing data is available for this year.$16.3$19.1$2.76$7.05$6.35$0.71
2022Detailed filing. Detailed filing data is available for this year.$15.0$18.5$3.47$6.39$5.28$1.12
2021Detailed filing. Detailed filing data is available for this year.$14.5$19.1$4.59$5.60$5.99$0.40
2020Detailed filing. Detailed filing data is available for this year.$14.9$18.3$3.37$5.64$5.34$0.30
2019Detailed filing. Detailed filing data is available for this year.$14.9$18.5$3.62$5.72$7.33$1.60
2018Detailed filing. Detailed filing data is available for this year.$14.8$16.8$2.07$5.53$5.25$0.28
2017Detailed filing. Detailed filing data is available for this year.$14.7$17.0$2.35$4.65$5.21$0.56
2015Detailed filing. Detailed filing data is available for this year.$14.8$16.9$2.09$4.21$4.68$0.47
2014Detailed filing. Detailed filing data is available for this year.$14.9$16.5$1.62$4.36$4.42$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$16.7$1.57$4.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$16.7$1.31$3.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$17.2$0.02$1.21