Civic Intelligence

Summit Academy High School

990 • Fiscal year 2022 • EIN 27-1884849

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

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

1.23x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

2.89x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

68th percentile

17%

Higher net margin than 68% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$146,923

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

58th percentile

3.3%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

14%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$14,989,976

Up $471,840 (+3.3%) from 2021

Net Assets

Up

-$3,470,197

Up $1,116,655 (+24%) from 2021

Liabilities

Down

$18,460,173

Down $644,815 (-3.4%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin68th percentile

Revenue

Up

$6,392,124

Up $796,672 (+14%) from 2021

Expenses

Down

$5,275,469

Down $715,912 (-12%) from 2021

Net Income

Up

$1,116,655

Up $1,512,584 (+382%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2022

Assets$14,989,976
Liabilities$18,460,173
Net Assets-$3,470,197
Open 2022 Filing

Operations Trend

Revenue Growth66th 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

2022

Revenue$6,392,124
Expenses$5,275,469
Net Income$1,116,655
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.0
Gross Receipts
$6,392,124
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$11,698,260$11,450,992▼ $247,268
Cash and Non-Interest-Bearing Accounts$1,609,726$1,646,525▲ $36,799
Savings and Temporary Cash Investments$517,949$520,539▲ $2,590
Investments in Publicly Traded Securities$124,447$326,997▲ $202,550
Pledges and Grants Receivable$103,544$162,179▲ $58,635
Total Assets$14,518,136$14,989,976▲ $471,840
Other Assets Total$464,210$882,744▲ $418,534
Liabilities
Tax Exempt Bond Liabilities$16,000,000$15,485,000▼ $515,000
Other Liabilities$2,167,574$2,026,126▼ $141,448
Accounts Payable and Accrued Expenses$501,822$495,620▼ $6,202
Mortgage Notes Payable Secured by Investment Property$248,631$235,040▼ $13,591
Deferred Revenue$186,961$218,387▲ $31,426
Total Liabilities$19,104,988$18,460,173▼ $644,815
Net Assets / Fund Balance
Net Assets With Donor Restrictions$124,447$326,997▲ $202,550
Net Assets Without Donor Restrictions$-4,711,299$-3,797,194▲ $914,105
Total Net Assets Fund Balance$-4,586,852$-3,470,197▲ $1,116,655
Total Liabilities and Net Assets / Fund Balance$14,518,136$14,989,976▲ $471,840

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,793,046$3,289,044$12,082,090
Land$2,456,997-$2,456,997
Equipment$200,949$272,387$473,336
Other Assets Org$300,638--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Michael ClarkDirectorPT$146,923$146,923
Tanner PolatisItPT$137,043$137,043
Brad WilkinsonBusiness AdmPT$124,365$124,365

Board Members and Trustees

NameTitle
Jon EbornBoard Chair
Robyn DerbiageVice Chair
Chelsea WelchMember
Joel WoodruffMember
Marcia WhitmanSecretary
Chris LynnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,749,884
Program Service Revenue
$431,179
Investment Income
$3,543
Other Revenue
$207,518
All Other Contributions
$42,704
Change in Net Assets
$1,116,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,392,124
Total Revenue per Audited Statements
$6,392,124
Total Revenue per Form 990
$6,392,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,913,857
Other Expenses$2,361,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,299,329$98,604-$2,397,933
Interest$689,398--$689,398
Office Expenses$580,489$18,610-$599,099
Other Employee Benefits$505,751$10,173-$515,924
Depreciation Depletion$351,891--$351,891
Fees for Services Other$286,429$9,100-$295,529
Information Technology$268,218$25,774-$293,992
Occupancy$131,703--$131,703
Total Functional Expenses$5,113,208$162,261$0$5,275,469

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,275,469
Total Expenses per Audited Statements$5,275,469
Total Expenses per Form 990$5,275,469
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
Deferred Inflows of Res - Pensions$1,213,767
Advance From Affiliate$812,359

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
Jon Eborn
Title
Board Chair
Phone
8015729007
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Eborn
Formed
2009
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
6
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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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt098604
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02299329
IRS990/OtherSalariesAndWagesGrp/TotalAmt02397933
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0103544
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0162179
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JON EBORN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1722514
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0426533
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0426533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14646
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE VARIOUS STUDENT ACTIVITIES DURING THE SCHOOL YEAR, PRIMARILY ATHLETIC PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt044216
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF A FOOD SERVICE PROGRAM FOR THE BENEFIT OF STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04248
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04646
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05186736
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04926
IRS990/PYOtherExpensesAmt02786744
IRS990/PYOtherRevenueAmt034044
IRS990/PYProgramServiceRevenueAmt0369746
IRS990/PYRevenuesLessExpensesAmt0-395929
IRS990/PYSalariesCompEmpBnftPaidAmt03204637
IRS990/PYTotalExpensesAmt05991381
IRS990/PYTotalRevenueAmt05595452
IRS990/ReconcilationRevenueExpnssAmt01116655
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt038241
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0426533
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0517949
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0520539
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/BuildingsGrp/BookValueAmt08793046
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03289044
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012082090
IRS990ScheduleD/EquipmentGrp/BookValueAmt0200949
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0272387
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0473336
IRS990ScheduleD/ExpensesSubtotalAmt05275469
IRS990ScheduleD/LandGrp/BookValueAmt02456997
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02456997
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0582106
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1300638
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RES - PENSIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01213767
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1812359
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RES - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCE FROM AFFILIATE
IRS990ScheduleD/RevenueSubtotalAmt06392124
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011450992
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0882744
IRS990ScheduleD/TotalExpensesPerForm990Amt05275469
IRS990ScheduleD/TotalLiabilityAmt02026126
IRS990ScheduleD/TotalRevenuePerForm990Amt06392124
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06392124
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05275469
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$14,989,976
Liabilities
$18,460,173
Net assets
-$3,470,197
Revenue
$6,392,124
Expenses
$5,275,469
Net income
$1,116,655
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