Civic Intelligence

Summit School Inc.

990 • Fiscal year 2019 • EIN 36-2660101

Sep 01, 2018 to Aug 31, 2019 • Filed on Feb 18, 2020

Organization ProfileWWW.SUMMITELGIN.ORG

View Organization Page

333 West River RoadElgin, IL 60123

(847) 468-0490

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

26th percentile

-4.5%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

25th percentile

$52,211

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

22nd percentile

-3.2%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

26th percentile

-6.0%

Faster revenue growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$5,795,321

Down $193,712 (-3.2%) from 2018

Net Assets

Down

$5,766,422

Down $198,400 (-3.3%) from 2018

Liabilities

Up

$28,899

Up $4,688 (+19%) from 2018

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin26th percentile

Revenue

Down

$2,640,771

Down $169,226 (-6.0%) from 2018

Expenses

Up

$2,759,895

Up $62,562 (+2.3%) from 2018

Net Income

Down

-$119,124

Down $231,788 (-206%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,922,174Liabilities 2011: $503,209Net Assets 2011: $4,418,9652011Assets 2012: $4,995,699Liabilities 2012: $722,727Net Assets 2012: $4,272,9722012Assets 2013: $4,995,922Liabilities 2013: $585,516Net Assets 2013: $4,410,4062013Assets 2014: $6,197,842Liabilities 2014: $304,338Net Assets 2014: $5,893,5042014Assets 2016: $5,643,385Liabilities 2016: $37,091Net Assets 2016: $5,606,2942016Assets 2017: $5,746,951Liabilities 2017: $25,515Net Assets 2017: $5,721,4362017Assets 2018: $5,989,033Liabilities 2018: $24,211Net Assets 2018: $5,964,8222018Assets 2019: $5,795,321Liabilities 2019: $28,899Net Assets 2019: $5,766,4222019Assets 2020: $6,281,949Liabilities 2020: $405,387Net Assets 2020: $5,876,5622020Assets 2021: $6,323,370Liabilities 2021: $101,084Net Assets 2021: $6,222,2862021Assets 2022: $5,230,352Liabilities 2022: $111,685Net Assets 2022: $5,118,6672022Assets 2023: $4,946,658Liabilities 2023: $103,344Net Assets 2023: $4,843,3142023Assets 2024: $5,172,315Liabilities 2024: $169,013Net Assets 2024: $5,003,3022024

Highlighted filing

2019

Assets$5,795,321
Liabilities$28,899
Net Assets$5,766,422
Open 2019 Filing

Operations Trend

Revenue Growth26th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,451,2932011Expenses 2012: $3,200,8592012Expenses 2013: $2,971,8732013Revenue 2014: $4,252,939Expenses 2014: $2,879,549Net Income 2014: $1,373,3902014Revenue 2016: $2,683,681Expenses 2016: $2,988,484Net Income 2016: -$304,8032016Revenue 2017: $2,651,616Expenses 2017: $2,732,651Net Income 2017: -$81,0352017Revenue 2018: $2,809,997Expenses 2018: $2,697,333Net Income 2018: $112,6642018Revenue 2019: $2,640,771Expenses 2019: $2,759,895Net Income 2019: -$119,1242019Revenue 2020: $2,862,409Expenses 2020: $2,860,395Net Income 2020: $2,0142020Revenue 2021: $2,672,238Expenses 2021: $2,958,576Net Income 2021: -$286,3382021Revenue 2022: $2,725,735Expenses 2022: $3,286,757Net Income 2022: -$561,0222022Revenue 2023: $2,996,622Expenses 2023: $3,297,478Net Income 2023: -$300,8562023Revenue 2024: $4,264,216Expenses 2024: $4,404,207Net Income 2024: -$139,9912024

Highlighted filing

2019

Revenue$2,640,771
Expenses$2,759,895
Net Income-$119,124
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Feb 18, 2020
Return Version
2018v3.1
Gross Receipts
$3,291,697
Mission and Program Overview

Mission

Summit school provides a highly individualized and structured setting for preschool, elementary, junior high and high school students.

Summit school provides a highly individualized and structured setting for elementary, junior high and high school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,204,539$3,083,647▼ $120,892
Land, Buildings, and Equipment, Net$2,162,746$2,073,607▼ $89,139
Cash and Non-Interest-Bearing Accounts$424,070$483,563▲ $59,493
Accounts Receivable$195,402$150,837▼ $44,565
Prepaid Expenses and Deferred Charges$2,276$3,667▲ $1,391
Total Assets$5,989,033$5,795,321▼ $193,712
Liabilities
Accounts Payable and Accrued Expenses$21,832$23,811▲ $1,979
Other Liabilities$2,379$5,088▲ $2,709
Total Liabilities$24,211$28,899▲ $4,688
Net Assets / Fund Balance
Unrestricted Net Assets$5,952,822$5,763,922▼ $188,900
Temporarily Rstr Net Assets$12,000$2,500▼ $9,500
Total Net Assets Fund Balance$5,964,822$5,766,422▼ $198,400
Total Liabilities and Net Assets / Fund Balance$5,989,033$5,795,321▼ $193,712

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,816,543$2,285,996$4,102,539
Land$240,795-$240,795
Equipment$16,269$45,303$61,572
Other Securities$3,083,647--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Johanna WhitePresidentFT$52,211$52,211

Board Members and Trustees

NameTitle
Mike PolchopekChairman
Janet EllingsonVice-chair
Barbara FergusonDirector
Dave DattiloDirector
Holly YorkDirector
Joe GalvinDirector
Margaret PeeblesDirector
Robert HansenDirector
Terry GajewskiDirector
Linda BreenAssistant Treasurer
Patricia SzpekowskiSecretary
Michael BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$567,791
Program Service Revenue
$1,976,165
Investment Income
$61,641
Other Revenue
$35,174
All Other Contributions
$82,852
Change in Net Assets
$-119,124

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,610,191
Revenue Not Reported on Financial Statements
$30,580
Revenue Not Reported on Form 990
$-71,952
Total Revenue per Audited Statements
$2,538,239
Total Revenue per Form 990
$2,640,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,237,238
Other Expenses$522,657
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,824,528$112,216-$1,936,744
Depreciation Depletion$142,390$7,494-$149,884
Payroll Taxes$134,765$10,687-$145,452
Occupancy$79,936$4,207-$84,143
Other Employee Benefits$45,924$10,056-$55,980
Current Officers, Directors, Trustees, and Key Employees-$52,211-$52,211
Pension Plan Contributions$42,560$4,291-$46,851
Fees for Services Other-$45,357-$45,357
Insurance$33,139$1,744-$34,883
Conferences and Meetings$32,247--$32,247
Fees for Service Investment Mgmnt Fees-$30,580-$30,580
All Other Expenses$12,303$5,580-$17,883
Other Expenses$14,033$3,249-$14,033
Office Expenses$9,707$57-$9,764
Total Functional Expenses$2,472,166$287,729$0$2,759,895

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,759,895
Total Expenses per Audited Statements$2,736,639
Expenses per Audited Statements$2,729,315
Expenses Not Reported on Financial Statements$30,580
Expenses Not Reported on Form 990$7,324
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
Other Current Liabilities$5,088
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
No
Other officer compensation reviewed
No
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 B, Line 11B

“The organization provides all members a copy of the 990 return to review before filing.”

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

“The president monitors and enforces compliance within the organization.”

Form 990, Part VI, Section C, Line 19

“The organization make its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Summit School Inc
EIN
36-2660101
Phone
8474680490
Address
333 WEST RIVER ROAD, ELGIN, IL 60123

Signing Officer

Name
Johanna White
Title
President
Phone
8474680490
Signed
2020-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johanna White
Formed
1968
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
59
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
625 N NORTH COURT STE 200, PALATINE, IL 60067
Preparer
James O Giese
Phone
8473581170
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There were no changes to the audit selection process from the previous year.”

Financial Statement Notes

PART X, LINE 2:

“The school has adopted fasb asc-740-10-25, accounting for uncertainty in income taxes. The school will record a liability for uncertain tax positions when it is more likely than not that a tax position would not be sustained if examined by a tax authority. The school's evaluation on august 31, 2019 revealed no uncertain tax positions that would have a material impact on the financial statements. The organization is generally no longer subject to examination by the internal revenue service for years before 2014.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposal of assets 7,324.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposal of assets 7,324.”

Raw XML AppendixShowing 400 of 494 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt021832
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt023811
IRS990/AccountsReceivableGrp/BOYAmt0195402
IRS990/AccountsReceivableGrp/EOYAmt0150837
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUMMIT SCHOOL PROVIDES A HIGHLY INDIVIDUALIZED AND STRUCTURED SETTING FOR ELEMENTARY, JUNIOR HIGH AND HIGH SCHOOL STUDENTS.
IRS990/AllOtherContributionsAmt082852
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05580
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012303
IRS990/AllOtherExpensesGrp/TotalAmt017883
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SUMMIT SCHOOL INC
IRS990/BooksInCareOfDetail/PhoneNum08474680490
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0333 WEST RIVER ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELGIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060123
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0424070
IRS990/CashNonInterestBearingGrp/EOYAmt0483563
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt052211
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt052211
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt032247
IRS990/ConferencesMeetingsGrp/TotalAmt032247
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0567791
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt061641
IRS990/CYOtherExpensesAmt0522657
IRS990/CYOtherRevenueAmt035174
IRS990/CYProgramServiceRevenueAmt01976165
IRS990/CYRevenuesLessExpensesAmt0-119124
IRS990/CYSalariesCompEmpBnftPaidAmt02237238
IRS990/CYTotalExpensesAmt02759895
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02640771
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt07494
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0142390
IRS990/DepreciationDepletionGrp/TotalAmt0149884
IRS990/Desc0THE LEARNING DISABILITY PROGRAM IS DESIGNED TO BOTH REMEDIATE SPECIFIC LEARNING DISABILITIES AND PRESENT THE STUDENT WITH THE CONTENT KNOWLEDGE FOUND IN THE REGULAR HIGH SCHOOL CIRRICULUM.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt059
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01966033
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt045357
IRS990/FeesForServicesOtherGrp/TotalAmt045357
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt030580
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt030580
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt125.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0LINDA BREEN
IRS990/Form990PartVIISectionAGrp/PersonNm1JANET ELLINGSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BARBARA FERGUSON
IRS990/Form990PartVIISectionAGrp/PersonNm3TERRY GAJEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm4JOE GALVIN
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE POLCHOPEK
IRS990/Form990PartVIISectionAGrp/PersonNm7MARGARET PEEBLES
IRS990/Form990PartVIISectionAGrp/PersonNm8HOLLY YORK
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVE DATTILO
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHANNA WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm12PATRICIA SZPEKOWSKI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1052211
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-7324
IRS990/GainOrLossGrp/SecuritiesAmt0-20328
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0484939
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt049925
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0573349
IRS990/GrossReceiptsAmt03291697
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01744
IRS990/InsuranceGrp/ProgramServicesAmt033139
IRS990/InsuranceGrp/TotalAmt034883
IRS990/InvestmentIncomeGrp/ExclusionAmt089293
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt089293
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03204539
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03083647
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02331299
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02162746
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02073607
IRS990/LandBldgEquipCostOrOtherBssAmt04404906
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt057249
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0593677
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUMMIT SCHOOL PROVIDES A HIGHLY INDIVIDUALIZED AND STRUCTURED SETTING FOR PRESCHOOL, ELEMENTARY, JUNIOR HIGH AND HIGH SCHOOL STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05964822
IRS990/NetAssetsOrFundBalancesEOYAmt05766422
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-27652
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-27652
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-79276
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04207
IRS990/OccupancyGrp/ProgramServicesAmt079936
IRS990/OccupancyGrp/TotalAmt084143
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt057
IRS990/OfficeExpensesGrp/ProgramServicesAmt09707
IRS990/OfficeExpensesGrp/TotalAmt09764
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010056
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt045924
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055980
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BOOKS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc2OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3SCHOOL ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03249
IRS990/OtherExpensesGrp/ProgramServicesAmt061730
IRS990/OtherExpensesGrp/ProgramServicesAmt123785
IRS990/OtherExpensesGrp/ProgramServicesAmt215119
IRS990/OtherExpensesGrp/ProgramServicesAmt314033
IRS990/OtherExpensesGrp/TotalAmt064979
IRS990/OtherExpensesGrp/TotalAmt123785
IRS990/OtherExpensesGrp/TotalAmt215119
IRS990/OtherExpensesGrp/TotalAmt314033
IRS990/OtherLiabilitiesGrp/BOYAmt02379
IRS990/OtherLiabilitiesGrp/EOYAmt05088
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt035174
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035174
IRS990/OtherRevenueTotalAmt035174
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0112216
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01824528
IRS990/OtherSalariesAndWagesGrp/TotalAmt01936744
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010687
IRS990/PayrollTaxesGrp/ProgramServicesAmt0134765
IRS990/PayrollTaxesGrp/TotalAmt0145452
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04291
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt042560
IRS990/PensionPlanContributionsGrp/TotalAmt046851
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02276
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03667
IRS990/PrincipalOfficerNm0JOHANNA WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01970894
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01970894
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15271
IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMIT CENTER PROVIDES A POSITIVE LEARNING ENVIRONMENT THROUGH STRUCTURED PLAY ACTIVITIES FOR CHILDREN AGES 3-7. SUMMIT CENTER INCLUDES SEVERAL PROGRAMS DESIGNED TO ASSIST CHILDREN WITH DIVERSE DEVELOPMENTAL AND EDUCATIONAL PROBLEMS AND NEEDS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0506133
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05271
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0296787
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0129390
IRS990/PYOtherExpensesAmt0484939
IRS990/PYOtherRevenueAmt024967
IRS990/PYProgramServiceRevenueAmt02358853
IRS990/PYRevenuesLessExpensesAmt0112664
IRS990/PYSalariesCompEmpBnftPaidAmt02212394
IRS990/PYTotalExpensesAmt02697333
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02809997
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-119124
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01970894
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01816543
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02285996
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04102539
IRS990ScheduleD/EquipmentGrp/BookValueAmt016269
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045303
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061572
IRS990ScheduleD/ExpensesNotReportedAmt07324
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt030580
IRS990ScheduleD/ExpensesSubtotalAmt02729315
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt030580
IRS990ScheduleD/InvestmentExpensesNotIncldAmt030580
IRS990ScheduleD/LandGrp/BookValueAmt0240795
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0240795
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-79276
IRS990ScheduleD/OtherExpensesIncludedAmt07324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05088
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherRevenueAmt07324
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03083647
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VARIOUS PUBLICLY TRADED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-71952
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt030580
IRS990ScheduleD/RevenueSubtotalAmt02610191
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED FASB ASC-740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE SCHOOL WILL RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY A TAX AUTHORITY. THE SCHOOL'S EVALUATION ON AUGUST 31, 2019 REVEALED NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS 7,324.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL OF ASSETS 7,324.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02073607
IRS990ScheduleD/TotalBookValueSecuritiesAmt03083647
IRS990ScheduleD/TotalExpensesPerForm990Amt02759895
IRS990ScheduleD/TotalLiabilityAmt05088
IRS990ScheduleD/TotalRevenuePerForm990Amt02640771
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02538239
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02736639
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SUMMIT SCHOOL, INC HAS PRINTED BROCHURES, NEWSLETTERS AND OTHER INFORMATION THAT STATE ITS RACIALLY NONDISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PLEASE SEE SCHEDULE OF CONTRIBUTORS, SCHEDULE B, FOR A LIST OF AID RECEIVED FROM GOVERNMENT SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES ALL MEMBERS A COPY OF THE 990 RETURN TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT MONITORS AND ENFORCES COMPLIANCE WITHIN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE WERE NO CHANGES TO THE AUDIT SELECTION PROCESS FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,795,321
Liabilities
$28,899
Net assets
$5,766,422
Revenue
$2,640,771
Expenses
$2,759,895
Net income
-$119,124
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.17$0.17$5.00$4.26$4.40$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.95$0.10$4.84$3.00$3.30$0.30
2022Detailed filing. Detailed filing data is available for this year.$5.23$0.11$5.12$2.73$3.29$0.56
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$0.10$6.22$2.67$2.96$0.29
2020Detailed filing. Detailed filing data is available for this year.$6.28$0.41$5.88$2.86$2.86$0.00
2019Detailed filing. Detailed filing data is available for this year.$5.80$0.03$5.77$2.64$2.76$0.12
2018Detailed filing. Detailed filing data is available for this year.$5.99$0.02$5.96$2.81$2.70$0.11
2017Detailed filing. Detailed filing data is available for this year.$5.75$0.03$5.72$2.65$2.73$0.08
2016Detailed filing. Detailed filing data is available for this year.$5.64$0.04$5.61$2.68$2.99$0.30
2014Detailed filing. Detailed filing data is available for this year.$6.20$0.30$5.89$4.25$2.88$1.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$0.59$4.41$2.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$0.72$4.27$3.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$0.50$4.42$3.45