Civic Intelligence

Summit Academy High School

990 • Fiscal year 2021 • EIN 27-1884849

Jul 01, 2020 to Jun 30, 2021 • Filed on May 11, 2022

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

97th percentile

1.32x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

3.41x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

13th percentile

-7.1%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

18th percentile

$71,659

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

15th percentile

-2.9%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-0.8%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$14,518,136

Down $427,307 (-2.9%) from 2020

Net Assets

Down

-$4,586,852

Down $1,218,124 (-36%) from 2020

Liabilities

Up

$19,104,988

Up $790,817 (+4.3%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin13th percentile

Revenue

Down

$5,595,452

Down $47,361 (-0.8%) from 2020

Expenses

Up

$5,991,381

Up $648,593 (+12%) from 2020

Net Income

Down

-$395,929

Down $695,954 (-232%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2021

Assets$14,518,136
Liabilities$19,104,988
Net Assets-$4,586,852
Open 2021 Filing

Operations Trend

Revenue Growth28th 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

2021

Revenue$5,595,452
Expenses$5,991,381
Net Income-$395,929
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 11, 2022
Return Version
2020v4.0
Gross Receipts
$5,595,452
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$12,024,311$11,698,260▼ $326,051
Cash and Non-Interest-Bearing Accounts$1,524,919$1,609,726▲ $84,807
Savings and Temporary Cash Investments$515,412$517,949▲ $2,537
Investments in Publicly Traded Securities$98,053$124,447▲ $26,394
Pledges and Grants Receivable$150,494$103,544▼ $46,950
Total Assets$14,945,443$14,518,136▼ $427,307
Other Assets Total$632,254$464,210▼ $168,044
Liabilities
Tax Exempt Bond Liabilities$16,440,000$16,000,000▼ $440,000
Other Liabilities$993,324$2,167,574▲ $1,174,250
Accounts Payable and Accrued Expenses$560,400$501,822▼ $58,578
Mortgage Notes Payable Secured by Investment Property$258,735$248,631▼ $10,104
Deferred Revenue$61,712$186,961▲ $125,249
Total Liabilities$18,314,171$19,104,988▲ $790,817
Net Assets / Fund Balance
Net Assets With Donor Restrictions$105,261$124,447▲ $19,186
Net Assets Without Donor Restrictions$-3,473,989$-4,711,299▼ $1,237,310
Total Net Assets Fund Balance$-3,368,728$-4,586,852▼ $1,218,124
Total Liabilities and Net Assets / Fund Balance$14,945,443$14,518,136▼ $427,307

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,625,696$3,209,540$12,835,236
Land$2,072,564-$2,072,564
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ClarkDirectorPT$10,933$60,726$71,659
Brad WilkinsonBusiness AdmPT$5,700$43,534$49,234

Board Members and Trustees

NameTitle
Jon EbornBoard Member
Nikki StuckiBoard Member
Chelsea WelchBoard Presid
Chris LynnBoard Treasu
Ramona BaikBoard Vice P
Revenue and Support

Revenue Composition

Contributions and Grants
$5,186,736
Program Service Revenue
$369,746
Investment Income
$4,926
Other Revenue
$34,044
All Other Contributions
$69,508
Change in Net Assets
$-395,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,595,452
Total Revenue per Audited Statements
$5,595,452
Total Revenue per Form 990
$5,595,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,204,637
Other Expenses$2,786,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,285,541$111,981-$2,397,522
Occupancy$802,542--$802,542
Interest$782,724--$782,724
Other Employee Benefits$743,367$14,528-$757,895
Office Expenses$406,842--$406,842
Depreciation Depletion$356,338--$356,338
Fees for Services Other$216,829$10,261-$227,090
Information Technology$190,605$20,603-$211,208
Current Officers, Directors, Trustees, and Key Employees$48,236$984-$49,220
Total Functional Expenses$5,833,024$158,357$0$5,991,381

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,991,381
Total Expenses per Audited Statements$5,991,381
Total Expenses per Form 990$5,991,381
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance From Affiliate$993,324
Deferred Inflows of Res - Pensions$601,978
Net Pension Liability$572,272

Bond Issues

BondIssuerIssuedIssue PricePurpose
AState Charter School Finance Author2019-02-28$17,015,000REFUND 2011 BONDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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 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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“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.”

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
Chelsea Welch
Title
Board President
Phone
8015729007
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chelsea Welch
Formed
2009
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
99
Volunteers
64

Preparer

Firm
Larson & Company Pc
Address
765 N MAIN ST, SPANISH FORK, UT 84660
Preparer
Russell D Olsen CPA
Phone
8017983545
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Revenue with donor restrictions 0 funds released from restrictions 0”

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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/ProgramServiceRevenueGrp/BusinessCd1722514
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361136
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361136
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18610
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE VARIOUS STUDENT ACTIVITIES DURING THE SCHOOL YEAR, PRIMARILY ATHLETIC PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03256
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF A FOOD SERVICE PROGRAM FOR THE BENEFIT OF STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09656
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt08610
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05211438
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt056392
IRS990/PYOtherExpensesAmt02357245
IRS990/PYProgramServiceRevenueAmt0374983
IRS990/PYRevenuesLessExpensesAmt0300025
IRS990/PYSalariesCompEmpBnftPaidAmt02985543
IRS990/PYTotalExpensesAmt05342788
IRS990/PYTotalRevenueAmt05642813
IRS990/ReconcilationRevenueExpnssAmt0-395929
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt031849
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0361136
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0515412
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0517949
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt05991381
IRS990ScheduleD/LandGrp/BookValueAmt02072564
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02072564
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09625696
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03209540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012835236
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0993324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1601978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2572272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE FROM AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RES - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt05595452
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011698260
IRS990ScheduleD/TotalExpensesPerForm990Amt05991381
IRS990ScheduleD/TotalLiabilityAmt02167574
IRS990ScheduleD/TotalRevenuePerForm990Amt05595452
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05595452
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05991381
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
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0STATE CHARTER SCHOOL FINANCE AUTHORI REFUND 2011 BONDS
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-02-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt017015000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0STATE CHARTER SCHOOL FINANCE AUTHOR
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0STATE CHARTER FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFUND 2011 BONDS
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/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02019
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUMMIT 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS REVIEWED BY MEMBERS OF THE BOARD AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS SUBMIT FORMS WHICH ARE REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION PROCESS FOR TOP OFFICIAL INCLUDES GATHERING COMPARABILITY DATA AND IS SUBJECT TO REVIEW AND APPROVAL OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION PROCESS OF OFFICERS OR KEY EMPLOYEES INCLUDES GATHERING COMPARABILITY DATA AND IS SUBJECT TO REVIEW AND APPROVAL OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7REVENUE WITH DONOR RESTRICTIONS 0 FUNDS RELEASED FROM RESTRICTIONS 0
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd084020
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0993324
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1200000

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,518,136
Liabilities
$19,104,988
Net assets
-$4,586,852
Revenue
$5,595,452
Expenses
$5,991,381
Net income
-$395,929
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