Summit Academy Management

990 • Fiscal year 2015 • EIN 34-1938197

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

Organization Profile WWW.SUMMITACADEMIES.COM

2791 Mogadore RoadAkron, OH 44312

(330) 670-8470

Siviq Scores

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

0.38x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

0.17x

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

5.5%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

$196,283

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

6.7%

Faster asset growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

3.3%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet

Liabilities / Assets57th percentile

Assets

$26,998,644

Up $1,693,742 (+6.7%) from 2014

Net Assets

$16,861,323

Up $3,277,922 (+24%) from 2014

Liabilities

Down

$10,137,321

Down $1,584,180 (-14%) from 2014

Revenue And Expenses

Liabilities / Revenue26th percentile Net Margin56th percentile

Revenue

$59,876,757

Up $1,910,096 (+3.3%) from 2014

Expenses

$56,598,835

Up $4,271,522 (+8.2%) from 2014

Net Income

Down

$3,277,922

Down $2,361,426 (-42%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

Highlighted filing

2015

Assets$26,998,644

Liabilities$10,137,321

Net Assets$16,861,323

Open 2015 Filing

Operations Trend

Revenue Growth47th percentile

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

Highlighted filing

2015

Revenue$59,876,757

Expenses$56,598,835

Net Income$3,277,922

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2014 to Jun 30, 2015
Signed: May 13, 2016
Return Version: 2014v6.0
Gross Receipts: $61,224,933

Mission and Program Overview

Mission

To provide support services for charter schools.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$16,554,005	$15,327,958	▼ $1,226,047
Cash and Non-Interest-Bearing Accounts	$3,636,257	$5,912,408	▲ $2,276,151
Accounts Receivable	$4,946,952	$5,502,376	▲ $555,424
Other Notes and Loans Receivable, Net	$98,168	$186,382	▲ $88,214
Total Assets	$25,304,902	$26,998,644	▲ $1,693,742
Other Assets Total	$69,520	$69,520	→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property	$6,489,635	$5,307,848	▼ $1,181,787
Accounts Payable and Accrued Expenses	$4,503,449	$4,212,167	▼ $291,282
Deferred Revenue	$728,417	$617,306	▼ $111,111
Total Liabilities	$11,721,501	$10,137,321	▼ $1,584,180
Net Assets / Fund Balance
Unrestricted Net Assets	$13,583,401	$16,861,323	▲ $3,277,922
Total Net Assets Fund Balance	$13,583,401	$16,861,323	▲ $3,277,922
Total Liabilities and Net Assets / Fund Balance	$25,304,902	$26,998,644	▲ $1,693,742

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$13,432,595	$1,877,434	$15,310,029
Equipment	$724,490	$2,804,879	$3,529,369
Land	$1,170,873	-	$1,170,873

Compensation and Service Providers

Top Officer Pay21st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Gerald Horak	CEO	FT	$142,909	$53,374	$196,283
James Bostic	Executive VP	FT	$116,729	$47,904	$164,633
Debra Skul	Chief of Academics	FT	$114,440	$41,751	$156,191
Stephanie Ataya	CFO	FT	$112,436	$33,084	$145,520
Christopher Reeher	Director of Facilities	FT	$103,971	$39,220	$143,191
John Guyer	Director of It	FT	$101,745	$24,703	$126,448
Anna Lisa Clark	Board Member	-	$7,200	-	$7,200
Brian Pendleton	Board Member	-	$7,200	-	$7,200
David Lang	President/ Board Member	-	$7,200	-	$7,200
Scott Doneheghy	Board Member	-	$7,200	-	$7,200
Patrick Tofil	Board Member	-	$5,300	-	$5,300

Board Members and Trustees

Name	Title
Robert Burns	Board Member

Highest Paid Contractors

Contractor	Services	Location	Compensation
Portage County Esc	Therapy Service	326 E MAIN STREET, Ravenna, OH 44266	$1,060,000
Invo Healthcare Associates INC	Therapy Service	1780 KENDARBREN DRIVE, Jamison, PA 18929	$706,025
Education Alternatives	Education	7777 EXCHANGE ST STE4, Cleveland, OH 44125	$552,977
Aaris Therapy Group	Therapy Service	PO BOX 8525, Warren, OH 44484	$339,500

Revenue and Support

Revenue Composition

Contributions and Grants: $5,028
Program Service Revenue: $60,785,367
Investment Income: $-1,229,041
Other Revenue: $315,403
All Other Contributions: $5,028
Change in Net Assets: $3,277,922

Audited Revenue Reconciliation

Revenue per Audited Statements: $59,876,757
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $59,876,757
Total Revenue per Form 990: $59,876,757

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Salaries, Compensation, and Employee Benefits	$40,942,522
Other Expenses	$15,656,313
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$25,843,240	$3,988,450	-	$29,831,690
Fees for Services Other	$4,397,064	$190,324	-	$4,587,388
Pension Plan Contributions	$4,166,663	$297,830	-	$4,464,493
Other Employee Benefits	$3,442,524	$327,713	-	$3,770,237
Occupancy	$3,423,738	$214,511	-	$3,638,249
Office Expenses	$3,136,082	$277,870	-	$3,413,952
Payroll Taxes	$1,384,813	$257,990	-	$1,642,803
Information Technology	$1,275,464	$210,472	-	$1,485,936
Current Officers, Directors, Trustees, and Key Employees	-	$1,233,299	-	$1,233,299
Depreciation Depletion	$557,606	$190,002	-	$747,608
Fees for Services Legal	$181,362	$312,081	-	$493,443
Interest	$282,636	$30,958	-	$313,594
Insurance	$278,394	$29,558	-	$307,952
Advertising	$143,263	$88,492	-	$231,755
Travel	$39,794	$25,078	-	$64,872
Fees for Services Accounting	$16,800	$28,910	-	$45,710
Other Expenses	$28,152	$1,654	-	$29,806
Total Functional Expenses	$48,851,418	$7,747,417	$0	$56,598,835

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$56,598,835
Total Expenses per Audited Statements	$56,598,835
Total Expenses per Form 990	$56,598,835
Expenses Not Reported on Financial Statements	$0
Expenses Not Reported on Form 990	$0

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Summit Academy Akron Elementary School	Akron, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Akron Middle School	Akron, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School Cincinnati	Cincinnati, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School Columbus	Columbus, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School Dayton	Dayton, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School Painesville	Painesville, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School Parma	Parma, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School Toledo	Toledo, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School Warren	Warren, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School for Alternative Learners Canton	Canton, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School for Alternative Learners Lorain	Lorain, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School for Alternative Learners Middletown	Middletown, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Community School for Alternative Learners Xenia	Xenia, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Middle School Columbus	Columbus, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Middle School Lorain	Lorain, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy School for Alternative Learners- Warren Middle and Secondary	Warren, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Secondary School Akron	Akron, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Secondary School Canton	Canton, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Secondary School Lorain	Lorain, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Secondary School Middletown	Middletown, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Secondary School Youngstown	Youngstown, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Toledo Learning Center	Toledo, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Transition High School Cincinnati	Cincinnati, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Transition High School Columbus	Columbus, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Transition High School Dayton	Dayton, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No
Summit Academy Youngstown	Youngstown, OH	Operating a Charter School	501 (c)(3)	170(b)(1)(a)(ii)	No

Transactions with Related Organizations

Organization	Type	Method	Amount
Summit Academy Secondary School Youngstown	P	Cost Basis	$3,977,965
Summit Academy Toledo Learning Center	P	Cost Basis	$3,694,563
Summit Academy Community School Parma	P	Cost Basis	$3,451,878
Summit Academy Youngstown	P	Cost Basis	$3,370,101
Summit Academy Community School for Alternative Learners Xenia	P	Cost Basis	$2,682,279
Summit Academy Community School for Alternative Learners Lorain	P	Cost Basis	$2,630,003
Summit Academy Community School for Alternative Learners Canton	P	Cost Basis	$2,515,085
Summit Academy Community School Dayton	P	Cost Basis	$2,433,202
Summit Academy Akron Elementary School	P	Cost Basis	$2,369,648
Summit Academy Transition High School Columbus	P	Cost Basis	$2,348,164
Summit Academy Community School Cincinnati	P	Cost Basis	$2,300,155
Summit Academy Community School Warren	P	Cost Basis	$2,139,784
Summit Academy Transition High School Dayton	P	Cost Basis	$2,052,914
Summit Academy Community School Toledo	P	Cost Basis	$1,898,082
Summit Academy School for Alternative Learners- Warren Middle and Secondary	P	Cost Basis	$1,864,818
Summit Academy Middle School Lorain	P	Cost Basis	$1,817,882
Summit Academy Community School for Alternative Learners Middletown	P	Cost Basis	$1,739,097
Summit Academy Community School Painesville	P	Cost Basis	$1,653,438
Summit Academy Transition High School Cincinnati	P	Cost Basis	$1,630,865
Summit Academy Akron Middle School	P	Cost Basis	$1,532,890
Summit Academy Middle School Columbus	P	Cost Basis	$1,482,866
Summit Academy Secondary School Canton	P	Cost Basis	$1,478,636
Summit Academy Secondary School Middletown	P	Cost Basis	$1,474,315
Summit Academy Secondary School Lorain	P	Cost Basis	$1,383,911
Summit Academy Secondary School Akron	P	Cost Basis	$1,358,356
Summit Academy Community School Columbus	P	Cost Basis	$1,317,938

Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Each of the twenty-six member schools are represented by a voting individual that was selected by the respective school board.”

Form 990, Part VI, Section A, Line 7A

“All of our schools are continuously represented by a member they've selected. These selected members are able to nominate three of six voting members of the governing body. They elect all six.”

Form 990, Part VI, Section A, Line 8B

“Not every committee of the organization that meets is obligated to keep written documents. However, official minutes are always recorded for meetings in the areas of finance and official policy.”

Form 990, Part VI, Section B, Line 11

“Financial information is provided to an independent accounting firm. The firm prepares the tax return. Once prepared, the documents are reviewed by the finance committee. This committee consists of the treasurer/cfo, ceo, and two other board members whom are certified public accountants. The committee reviews the return and if changes or corrections are deemed needed, they're recommended to the entire board who then approves and recommends those alterations to the accounting firm before the return is filed with the appropriate taxing authorities.”

Form 990, Part VI, Section B, Line 12C

“The organization enforces its conflict of interest policy by having each director and officer annually sign a statement which affirms there was no conflict of interest and gives opportunity to disclose any possible conflicts. The organziation also utilizes periodic reviews to randomly monitor potential conflicts.the details and definitions are outlined in greater detail in the organization's written policy.”

Form 990, Part VI, Section B, Line 15

“The organization did utilize compensation comparability reports provided by an independent accounting firm this year; however, no changes were deemed necessary based on the data provided.”

Form 990, Part VI, Section C, Line 19

“The organization makes its form 1023 and most recently filed tax-exempt returns available to the public as required. These documents disclose information regarding the organization's policies and governance structure.”

Filing and Contact Details

Filer

Filer Name: Summit Academy Management
EIN: 34-1938197
Phone: 3306708470
Address: 2791 MOGADORE ROAD, AKRON, OH 44312
Doing Business As: Saber Educational Services

Signing Officer

Name: Amber Shaeffer
Title: Treasurer
Phone: 3306708470
Signed: 2016-05-13
Discuss with paid preparer: Yes

Organization Details

Principal Officer: John Guyer
Formed: 2002
Legal Domicile: Oh
Voting Board Members: 6
Independent Board Members: 6
Employees: 1,199
Volunteers: 0

Preparer

Firm: Rea & Associates Inc
Address: 941 STEUBENVILLE AVE PO BOX 820, CAMBRIDGE, OH 43725-0820
Preparer: Mary Elizabeth Wright CPA
Phone: 7404325658

Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“Brief description of organization's mission: it is the mission of summit academy management to design, develop, and deliver eductional opportunities in a theraputic environment so everyone can learn.”

Form 990, Part XI, Line 2C

“Financial reporting: the organization has a finance committee that is responsible for selecting an independent accounting firm and reviewing it's financial reports and returns. This committee consists of the treasurer/cfo, ceo, and two other board members whom are certified public accountants.”

Financial Statement Notes

PART X, LINE 2:

“Of schedule d: "sam has adopted the provisions of fasb asc 740-10-25 which requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the accompanying statements of financial position or the statements of activities relating to uncertain tax positions. Additionally, no tax positions exist for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease during the next 12 months. Sam evaluates uncertain tax positions, if any, on a continual basis."”

Raw XML AppendixShowing 400 of 1,150 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.

Path	#	Value
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IRS990/Desc	0	SUMMIT ACADEMY MANAGEMENT PROVIDED SUPPORT FOR TWENTY-SIX CHARTER SCHOOLS DURING THEIR 2015 FISCAL YEAR PURSUANT TO A MANAGEMENT CONTRACT. THIS INCLUDED HUMAN RESOURCES, PAYROLL, AND OTHER OFFICE SERVICES. SUMMIT ACADEMY MANAGEMENT WAS ALSO RESPONSIBLE FOR PURCHASING THE EXPENSES RELATED TO THE OPERATION OF THE CHARTER SCHOOLS WHICH INCLUDED, BUT WAS NOT LIMITED TO THE FOLLOWING: ASSETS, BUILDINGS, OCCUPANCY NEEDS, AND SUPPLIES. THE ORGANIZATION ALSO PROVIDED STAFF FOR, AND KEEPS DEVELOPING A CURRICULUM DESIGNED FOR, THE CHARTER SCHOOLS' STUDENT POPULATION.
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IRS990/ForeignOfficeInd	0	0
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	5	0.10
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	7	40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	8	40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	9	40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	10	40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	11	40.00
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IRS990/Form990PartVIISectionAGrp/PersonNm	3	ANNA LISA CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm	4	SCOTT DONEHEGHY
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IRS990/Form990PartVIISectionAGrp/PersonNm	6	GERALD HORAK
IRS990/Form990PartVIISectionAGrp/PersonNm	7	STEPHANIE ATAYA
IRS990/Form990PartVIISectionAGrp/PersonNm	8	DEBRA SKUL
IRS990/Form990PartVIISectionAGrp/PersonNm	9	JAMES BOSTIC
IRS990/Form990PartVIISectionAGrp/PersonNm	10	CHRISTOPHER REEHER
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IRS990/Form990PartVIISectionAGrp/TitleTxt	3	BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt	5	BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt	7	CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt	8	CHIEF OF ACADEMICS
IRS990/Form990PartVIISectionAGrp/TitleTxt	9	EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt	10	DIRECTOR OF FACILITIES
IRS990/Form990PartVIISectionAGrp/TitleTxt	11	DIRECTOR OF IT
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IRS990/FormationYr	0	2002
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IRS990/FSAuditedInd	0	1
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IRS990/GrantsToOrganizationsInd	0	0
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt	0	210472
IRS990/InformationTechnologyGrp/ProgramServicesAmt	0	1275464
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IRS990/InsuranceGrp/ManagementAndGeneralAmt	0	29558
IRS990/InsuranceGrp/ProgramServicesAmt	0	278394
IRS990/InsuranceGrp/TotalAmt	0	307952
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IRS990/InterestGrp/ProgramServicesAmt	0	282636
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IRS990/LobbyingActivitiesInd	0	0
IRS990/LocalChaptersInd	0	0
IRS990/MaterialDiversionOrMisuseInd	0	0
IRS990/MembersOrStockholdersInd	0	1
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	0
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IRS990/MissionDesc	0	SEE SCHEDULE O
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IRS990/OfficeExpensesGrp/TotalAmt	0	3413952
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IRS990/OtherAssetsTotalGrp/EOYAmt	0	69520
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	3770237
IRS990/OtherExpensesGrp/Desc	0	STUDENT ENRICHMENT PROG
IRS990/OtherExpensesGrp/Desc	1	MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc	2	SHIRTS & UNIFORMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	5175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	1	37050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	2	1654
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	252959
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	864
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	28152
IRS990/OtherExpensesGrp/TotalAmt	0	258134
IRS990/OtherExpensesGrp/TotalAmt	1	37914
IRS990/OtherExpensesGrp/TotalAmt	2	29806
IRS990/OtherRevenueMiscGrp/BusinessCd	0	900099
IRS990/OtherRevenueMiscGrp/Desc	0	MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt	0	315403
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	0	315403
IRS990/OtherRevenueTotalAmt	0	315403
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IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	29831690
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt	0	98168
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	186382
IRS990/PartialLiquidationInd	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt	0	257990
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	1384813
IRS990/PayrollTaxesGrp/TotalAmt	0	1642803
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt	0	297830
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt	0	4166663
IRS990/PensionPlanContributionsGrp/TotalAmt	0	4464493
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrincipalOfficerNm	0	JOHN GUYER
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	900099
IRS990/ProgramServiceRevenueGrp/Desc	0	MANAGEMENT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	60785367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	60785367
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	16344
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	1740
IRS990/PYOtherExpensesAmt	0	13536964
IRS990/PYOtherRevenueAmt	0	166932
IRS990/PYProgramServiceRevenueAmt	0	57781645
IRS990/PYRevenuesLessExpensesAmt	0	5639348
IRS990/PYSalariesCompEmpBnftPaidAmt	0	38790349
IRS990/PYTotalExpensesAmt	0	52327313
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	57966661
IRS990/QuidProQuoContributionsInd	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	3277922
IRS990/RegularMonitoringEnfrcInd	0	1
IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	0
IRS990/ReportOtherLiabilitiesInd	0	0
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	61100770
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd	0	0
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd	0	0
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd	0	1
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd	0	X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd	0	1
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd	0	0
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd	0	1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt	0	THE FILING ORGANIZATION PROVIDES MANAGEMENT AND ADMINSTRATIVE SERVICES TO EACH OF THE SCHOOLS CURRENTLY UNDER CONTRACT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt	1	SUMMIT ACADEMY MANAGEMENT MAINTAINS A MANAGEMENT SERVICE AGREEMENT WITH EACH OF THE SCHOOLS IT PROVIDES SUPPORT TO. MOST AGREEMENTS ARE FOR MULTIPLE YEAR TERMS AND THUS THE ORGANIZATION HAS AN ONGOING RELATIONSHIP WITH THOSE REPORTED ON SCHEDULE A AS SUPPORTED ORGANIZATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt	2	SUMMIT ACADEMY MANAGEMENT IS OPERATED AS A CHARITABLE NON-PROFIT CORPORATION CREATED TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SUPPORT TO SCHOOLS. THE MANAGEMENT REVENUE IT RECEIVES IS USED TO PROVIDE FACILITIES, STAFFING, CONTRACTED SERVICES, AND PAY FOR OTHER OPERATING EXPENDITURES INCURRED BY EACH SUPPORTED SCHOOL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc	0	SCHEDULE A, PART I, LINE 11G, COLUMN VI.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc	1	SCHEDULE A, PART IV, SECTION A, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc	2	SCHEDULE A, PART IV, SECTION E, LINE 2A
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IRS990ScheduleA/OtherSupportSumAmt	0	0
IRS990ScheduleA/SupportedOrganizationsCnt	0	26
IRS990ScheduleA/SupportedOrganizationsTotalCnt	0	26
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	0	341879407
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	1	341948225
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	2	731685359
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	3	341917946
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	4	731685361
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	5	731685336
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	6	201437962
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	7	731685537
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	8	201437998
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	9	201438037
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	10	731685342
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	11	201438141
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	12	341917949
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	13	201437981
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	14	731685362
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	15	341948227
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	16	201437758
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	17	201438174
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	18	731685363
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	19	731685338
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	20	201437706
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	21	731685340
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	22	201438064
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	23	341948228
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	24	201438260
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	25	731685360
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd	0	0
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd	1	0

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $26,998,644
Liabilities: $10,137,321
Net assets: $16,861,323
Revenue: $59,876,757
Expenses: $56,598,835
Net income: $3,277,922

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$28.8	$5.62	$23.1	$46.8	$49.8	$2.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$31.4	$5.38	$26.1	$49.0	$51.8	$2.80
2022Detailed filing. Detailed filing data is available for this year.	$30.4	$0.00	$30.4	$53.8	$48.6	$5.14
2021Detailed filing. Detailed filing data is available for this year.	$25.2	$0.00	$25.2	$45.5	$46.4	$0.86
2020Detailed filing. Detailed filing data is available for this year.	$35.7	$2.97	$32.8	$52.2	$47.0	$5.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$30.1	$2.53	$27.5	$54.0	$45.6	$8.43
2018Detailed filing. Detailed filing data is available for this year.	$24.5	$5.39	$19.1	$53.5	$51.3	$2.23
2017Detailed filing. Detailed filing data is available for this year.	$24.8	$7.90	$16.9	$56.7	$57.8	$1.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$27.6	$9.58	$18.0	$60.1	$59.0	$1.14
2015Detailed filing. Detailed filing data is available for this year.	$27.0	$10.1	$16.9	$59.9	$56.6	$3.28
2014Detailed filing. Detailed filing data is available for this year.	$25.3	$11.7	$13.6	$58.0	$52.3	$5.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$17.4	$9.43	$7.94		$51.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$14.8	$7.49	$7.35		$48.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$11.1	$5.65	$5.45		$42.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$10.5	$6.00	$4.55		$37.5