Civic Intelligence

Summit Academy Oic

990 • Fiscal year 2012 • EIN 41-0908458

Jul 01, 2011 to Jun 30, 2012 • Filed on Oct 08, 2012

Organization ProfileWWW.SAOIC.ORG

View Organization Page

935 Olson Memorial Highway55405
Siviq Scores

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

Liabilities / Assets

62nd percentile

0.35x

Higher debt load relative to assets than 62% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

51st percentile

1.6%

Faster asset growth than 51% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$3,673,526

Up $57,966 (+1.6%) from 2011

Net Assets

Up

$2,403,618

Up $43,076 (+1.8%) from 2011

Liabilities

Up

$1,269,908

Up $14,890 (+1.2%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,981,194

Up $1,104,671 (+28%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$30M$20M$10M$0Assets 2011: $3,615,560Liabilities 2011: $1,255,018Net Assets 2011: $2,360,5422011Assets 2012: $3,673,526Liabilities 2012: $1,269,908Net Assets 2012: $2,403,6182012Assets 2013: $4,364,383Liabilities 2013: $1,538,343Net Assets 2013: $2,826,0402013Assets 2014: $4,720,166Liabilities 2014: $1,343,427Net Assets 2014: $3,376,7392014Assets 2015: $5,209,646Liabilities 2015: $1,423,019Net Assets 2015: $3,786,6272015Assets 2016: $7,604,922Liabilities 2016: $2,224,472Net Assets 2016: $5,380,4502016Assets 2017: $8,285,675Liabilities 2017: $2,302,558Net Assets 2017: $5,983,1172017Assets 2018: $8,646,874Liabilities 2018: $1,947,521Net Assets 2018: $6,699,3532018Assets 2019: $8,821,627Liabilities 2019: $1,918,134Net Assets 2019: $6,903,4932019Assets 2020: $11,065,441Liabilities 2020: $3,359,138Net Assets 2020: $7,706,3032020Assets 2021: $17,446,949Liabilities 2021: $2,910,059Net Assets 2021: $14,536,8902021Assets 2022: $17,542,372Liabilities 2022: $2,307,671Net Assets 2022: $15,234,7012022Assets 2023: $18,819,354Liabilities 2023: $2,328,312Net Assets 2023: $16,491,0422023Assets 2024: $21,768,604Liabilities 2024: $2,518,292Net Assets 2024: $19,250,3122024Assets 2025: $19,877,903Liabilities 2025: $3,595,152Net Assets 2025: $16,282,7512025

Highlighted filing

2012

Assets$3,673,526
Liabilities$1,269,908
Net Assets$2,403,618
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$10M$0-$10MExpenses 2011: $3,876,5232011Expenses 2012: $4,981,1942012Revenue 2013: $6,066,551Expenses 2013: $5,644,129Net Income 2013: $422,4222013Revenue 2014: $7,154,884Expenses 2014: $6,604,185Net Income 2014: $550,6992014Revenue 2015: $7,126,646Expenses 2015: $6,716,758Net Income 2015: $409,8882015Revenue 2016: $8,877,594Expenses 2016: $7,283,771Net Income 2016: $1,593,8232016Revenue 2017: $8,600,589Expenses 2017: $7,997,922Net Income 2017: $602,6672017Revenue 2018: $9,802,629Expenses 2018: $9,086,393Net Income 2018: $716,2362018Revenue 2019: $9,576,633Expenses 2019: $9,372,493Net Income 2019: $204,1402019Revenue 2020: $11,048,729Expenses 2020: $10,299,902Net Income 2020: $748,8272020Revenue 2021: $19,439,304Expenses 2021: $12,853,918Net Income 2021: $6,585,3862021Revenue 2022: $16,544,974Expenses 2022: $15,546,748Net Income 2022: $998,2262022Revenue 2023: $15,821,209Expenses 2023: $14,664,459Net Income 2023: $1,156,7502023Revenue 2024: $17,953,025Expenses 2024: $15,422,049Net Income 2024: $2,530,9762024Revenue 2025: $11,981,058Expenses 2025: $15,187,754Net Income 2025: -$3,206,6962025

Highlighted filing

2012

Revenue-
Expenses$4,981,194
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Oct 8, 2012
Return Version
2011v1.2
Gross Receipts
$5,226,924
Mission and Program Overview

Mission

To assist individuals in developing their ability to earn and become contributing citizens in their community. We support the development of self sufficiency in every person regardless of background, economic status, or level of ability. We strengthen the community by preparing individuals to assume their roles as workers, citizens, and parents.

Filing and Contact Details

Filer

EIN
41-0908458
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IRS990/ActivityOrMissionDescription0HELP INDIVIDUALS DEVELOP THEIR EARNING POTENTIAL AND BECOME CONTRIBUTING CITIZENS IN THE COMMUNITY.
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IRS990/Description0SUMMIT ACADEMY OIC IS A NON-PROFIT VOCATIONAL TRAINING AND EDUCATIONAL CENTER BASED IN NORTH MINNEAPOLIS WITH OVER 40 YEARS' EXPERIENCE HELPING TWIN CITIES' RESIDENTS IN ECONOMICALLY DEPRESSED NEIGHBORHOODS ACQUIRE THE TOOLS THEY NEED TO BECOME EDUCATED, EMPLOYED, AND SELF-SUPPORTING. SUMMIT ACADEMY IS THE ONLY COMMUNITY-BASED VOCATIONAL TRAINING AND JOB-PLACEMENT PROGRAM IN NORTH MINNEAPOLIS ACCREDITED BY THE NORTH CENTRAL ASSOCIATION COMMISSION ON SCHOOLS AND REGISTERED WITH THE MINNESOTA HIGHER EDUCATION SERVICES OFFICE.AT SUMMIT ACADEMY OIC, WE BELIEVE THE BEST SOCIAL SERVICE PROGRAM IN THE WORLD IS A JOB. GRADUATES FROM OUR ADULT EDUCATION PROGRAMS ARE GIVEN THE OPPORTUNITY TO LIFT THEMSELVES UP FROM A LIFE OF POVERTY AND HOPELESSNESS ONTO A PATH THAT WILL LEAD TO A BETTER LIFE FOR THEMSELVES AND THEIR FAMILIES. WHERE BEFORE, THESE MEN AND WOMEN WERE LIMITED BY CHRONIC UNEMPLOYMENT, A COMPLETE LACK OF RESOURCES, AND IN MANY CASES, A LACK OF FAITH IN THEMSELVES, THEY NOW HAVE THE CHANCE TO FUNDAMENTALLY CHANGE THEIR CIRCUMSTANCES BY INCREASING THEIR INCOME AND THEIR QUALITY OF LIFE. WHEN ADULTS WORK FULL-TIME LIVING-WAGE JOBS, THEY BECOME ROLE MODELS TO YOUNG ADULTS AND CHILDREN, FAMILIES BECOME MORE STABLE, AND THE CYCLE THAT HAS KEPT THEIR COMMUNITIES POOR AND CRIME-RIDDEN IS BROKEN. THESE POSITIVE CHANGES CONTINUE TO RIPPLE OUT EVEN FURTHER INTO THE LARGER COMMUNITY AS FEWER SOCIAL SERVICES AND INCARCERATION COSTS ARE INCURRED AND GRADUATES BEGIN TO PAY TAXES. AFTER RECEIVING TRAINING IN COMMUNITY HEALTHCARE, ENERGY EFFICIENCY AND GREEN CONSTRUCTION, THESE GRADUATES HAVE GONE ON TO WORK IN JOBS THAT DIRECTLY IMPROVE MINNESOTA'S INFRASTRUCTURE.SUMMIT ACADEMY OFFERS ADULT EDUCATION AND SUPPORT SERVICES THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITIES WE SERVE. OUR CAREER AND TECHNOLOGY CENTER PROVIDES PRE-APPRENTICE TRAINING IN CONSTRUCTION (HUNDRED HARD HATS PROGRAM), WITH SPECIFIC TRACKS IN CARPENTRY, WEATHERIZATION TECHNOLOGY, COMMERCIAL & GREEN ROOFING, ELECTRICAL WORK, HEAVY EQUIPMENT OPERATIONS AND RESIDENTIAL REHABILITATION TECHNOLOGY. THE CTC ALSO OFFERS PROGRAMS IN COMMUNITY HEALTHCARE WITH COMMUNITY HEALTH WORKER (CHW) AND CERTIFIED NURSING ASSISTANT (CNA) TRAINING. THESE CAREER TRACKS ARE ALL SUPPORTED WITH SERVICES THAT DEVELOP STUDENTS' LIFE SKILLS AND ASSIST IN JOB SEEKING, PLACEMENT, AND RETENTION. IN THIS FISCAL YEAR (JULY 1, 2011 - JUNE 30, 2012), SUMMIT'S CAREER AND TECHNOLOGY CENTER SERVED 505 ADULT STUDENTS, AND 384 GRADUATED OR REMAINED ENROLLED TO COMPLETE THEIR TRAINING. YEAR-TO-DATE SUMMIT HAS PLACED 197 ADULTS, COMPARED TO 177 IN THE PREVIOUS PERIOD. JOB EARNINGS FOR BOTH PROGRAMS ARE AT AN AVERAGE OF $15.44 PER HOUR, MORE THAN TWICE THE STATE'S MINIMUM HOURLY WAGE. GRADUATES FROM THE CONSTRUCTION PROGRAM ARE EARNING AN AVERAGE OF $17.71 PER HOUR. CURRENT TRACKING RESULTS INDICATE THAT 68% OF SUMMIT'S JOB PLACEMENTS HAVE RETAINED THEIR JOBS FOR MORE THAN 180 DAYS.
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IRS990/PledgesAndGrantsReceivable/EOY0564810
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY0114789
IRS990/PrepaidExpensesDeferredCharges/EOY0135164
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising01
IRS990/ProgramServiceRevenue/BusinessCode0611600
IRS990/ProgramServiceRevenue/BusinessCode1480000
IRS990/ProgramServiceRevenue/BusinessCode2722210
IRS990/ProgramServiceRevenueCY0800663
IRS990/ProgramServiceRevenue/Description0TUITION
IRS990/ProgramServiceRevenue/Description1TRANSPORTATION REVENUE
IRS990/ProgramServiceRevenue/Description2DINING REVENUE
IRS990/ProgramServiceRevenue/ExclusionAmount018719
IRS990/ProgramServiceRevenue/ExclusionAmount13286
IRS990/ProgramServiceRevenuePriorYear042650
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0778658
IRS990/ProgramServiceRevenue/TotalRevenueColumn0778658
IRS990/ProgramServiceRevenue/TotalRevenueColumn118719
IRS990/ProgramServiceRevenue/TotalRevenueColumn23286
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions01
IRS990/QuidProQuoDisclosure01
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses043076
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/RentalIncomeOrLoss/Real028908
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/Revenue0778658
IRS990/RevenuesLessExpensesCY043076
IRS990/RevenuesLessExpensesPriorYear0203479
IRS990/SalariesEtcCurrentYear02543467
IRS990/SalariesEtcPriorYear02269583
IRS990ScheduleA/School170b1Aii0X
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/Buildings/BookValue01650504
IRS990ScheduleD/Buildings/Depreciation02235888
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis03886392
IRS990ScheduleD/DonatedServicesUseOfFacilities015100
IRS990ScheduleD/DonatedSrvcAndUseOfFacilities015100
IRS990ScheduleD/Equipment/BookValue0159994
IRS990ScheduleD/Equipment/Depreciation01576400
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis01736394
IRS990ScheduleD/ExcessOrDeficitForYear043076
IRS990ScheduleD/ExcessOrDeficitPerFS043076
IRS990ScheduleD/ExpensesNotRptdF9900158894
IRS990ScheduleD/ExpensesNotRptdOnFinStmt0775220
IRS990ScheduleD/ExpensesSubtotal04205974
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0SUMMIT ACADEMY, OIC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR MINNESOTA STATUTES. SUMMIT ACADEMY, OIC IS NOT CONSIDERED A PRIVATE FOUNDATION AND CONTRIBUTIONS TO SUMMIT ACADEMY, OIC ARE CONSIDERED TAX DEDUCTIBLE. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009 THROUGH 2012 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1RENTAL EXPENSES 143,794.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2SAOIC TUITION GRANTS 775,220.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3RENTAL EXPENSES 143,794.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation4SAOIC TUITION GRANTS 775,220.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier3PART XIII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier4PART XIII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/Land/BookValue0465500
IRS990ScheduleD/Land/OtherCostOrOtherBasis0465500
IRS990ScheduleD/OtherExpensesIncluded0143794
IRS990ScheduleD/OtherExpensesNotIncluded0775220
IRS990ScheduleD/OtherLandBuildings/BookValue00
IRS990ScheduleD/OtherLandBuildings/Depreciation045342
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis045342

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,673,526
Liabilities
$1,269,908
Net assets
$2,403,618
Revenue
-
Expenses
$4,981,194
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$3.60$16.3$12.0$15.2$3.21
2024Detailed filing. Detailed filing data is available for this year.$21.8$2.52$19.3$18.0$15.4$2.53
2023Detailed filing. Detailed filing data is available for this year.$18.8$2.33$16.5$15.8$14.7$1.16
2022Detailed filing. Detailed filing data is available for this year.$17.5$2.31$15.2$16.5$15.5$1.00
2021Detailed filing. Detailed filing data is available for this year.$17.4$2.91$14.5$19.4$12.9$6.59
2020Detailed filing. Detailed filing data is available for this year.$11.1$3.36$7.71$11.0$10.3$0.75
2019Detailed filing. Detailed filing data is available for this year.$8.82$1.92$6.90$9.58$9.37$0.20
2018Detailed filing. Detailed filing data is available for this year.$8.65$1.95$6.70$9.80$9.09$0.72
2017Detailed filing. Detailed filing data is available for this year.$8.29$2.30$5.98$8.60$8.00$0.60
2016Detailed filing. Detailed filing data is available for this year.$7.60$2.22$5.38$8.88$7.28$1.59
2015Detailed filing. Detailed filing data is available for this year.$5.21$1.42$3.79$7.13$6.72$0.41
2014Detailed filing. Detailed filing data is available for this year.$4.72$1.34$3.38$7.15$6.60$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$1.54$2.83$6.07$5.64$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$1.27$2.40$4.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$1.26$2.36$3.88