Summit Academy Management

“As a not-for-profit corporation summit academy management does not have partners or shareholders. It does however have members designated by each of the schools it represents.”

“These designated members from each school nominate and may elect voting members of summity academy management's governing body.”

“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.”

“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/vp of finance, 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.”

“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.”

“The organization has utilized compensation comparability reports provided by an independent accounting firm in past years to review compensation.”

“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.”

“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.”

“Educational therapy: program service expenses 1,676,044. Management and general expenses 860. Fundraising expenses 0. Total expenses 1,676,904. Staff training & development: program service expenses 1,729,260. Management and general expenses 8,109. Fundraising expenses 0. Total expenses 1,737,369. School sponsorship contract: program service expenses 908,941. Management and general expenses 26,888. Fundraising expenses 0. Total expenses 935,829. Contracted busing: program service expenses 20,961. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,961. Food services: program service expenses 1,271,653. Management and general expenses 8,893. Fundraising expenses 0. Total expenses 1,280,546.”

“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/vp of finance, ceo, and two other board members whom are certified public accountants.”