Form 990, Page 6, Part VI, Line 11B
“Draft copy of form 990 is provided to all board members prior to filing and reviewed in detail by the organization's bookkeeper and head of schools prior to filing.”
Scores are not available for this record yet.
Assets
Down$821,749
Down $193,468 (-19%) from 2013
Net Assets
Down$406,546
Down $74,373 (-15%) from 2013
Liabilities
Down$415,203
Down $119,095 (-22%) from 2013
Revenue
Down$887,244
Down $154,216 (-15%) from 2013
Expenses
Up$928,894
Up $23,926 (+2.6%) from 2013
Net Income
Down-$41,650
Down $178,142 (-131%) from 2013
To assist children in reaching their fullest potential through quality academic education.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $615,643 | $605,097 | ▼ $10,546 |
| Savings and Temporary Cash Investments | $340,943 | $170,150 | ▼ $170,793 |
| Cash and Non-Interest-Bearing Accounts | $32,521 | $30,411 | ▼ $2,110 |
| Accounts Receivable | $20,318 | $12,725 | ▼ $7,593 |
| Other Notes and Loans Receivable, Net | $5,792 | $3,366 | ▼ $2,426 |
| Total Assets | $1,015,217 | $821,749 | ▼ $193,468 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $310,911 | $240,742 | ▼ $70,169 |
| Deferred Revenue | $183,853 | $128,061 | ▼ $55,792 |
| Accounts Payable and Accrued Expenses | $39,534 | $46,400 | ▲ $6,866 |
| Total Liabilities | $534,298 | $415,203 | ▼ $119,095 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $352,038 | $311,844 | ▼ $40,194 |
| Permanently Rstr Net Assets | $75,553 | $84,004 | ▲ $8,451 |
| Temporarily Rstr Net Assets | $53,328 | $10,698 | ▼ $42,630 |
| Total Net Assets Fund Balance | $480,919 | $406,546 | ▼ $74,373 |
| Total Liabilities and Net Assets / Fund Balance | $1,015,217 | $821,749 | ▼ $193,468 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $488,671 | $242,822 | $731,493 |
| Equipment | $30,826 | $60,724 | $91,550 |
| Land | $85,600 | - | $85,600 |
| Name | Title |
|---|---|
| Bruce Thayer | Board Member |
| Diane Handler | Board Member |
| Ebony Luensman | Board Member |
| Jen Mitchell | Board Member |
| Jim Wittnebel | Board Member |
| John Huiskamp | Board Member |
| Lisa Wiebenga-stroschine | Board Member |
| Shannon Thompson | Board Member |
| Susan Wolverton | Board Member |
| Susie Lagos-lavenz | Board Member |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $696,748 |
| Other Expenses | $232,146 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $561,799 | $63,793 | - | $625,592 |
| All Other Expenses | $60,486 | - | - | $60,486 |
| Payroll Taxes | $41,439 | $4,706 | - | $46,145 |
| Other Employee Benefits | $22,461 | $2,550 | - | $25,011 |
| Other Expenses | $18,950 | - | - | $18,950 |
| Occupancy | $17,385 | - | - | $17,385 |
| Insurance | $14,830 | - | - | $14,830 |
| Interest | $12,366 | - | - | $12,366 |
| Office Expenses | $4,451 | $6,958 | - | $11,409 |
| Fees for Services Accounting | $8,700 | - | - | $8,700 |
| Advertising | $6,436 | - | - | $6,436 |
| Conferences and Meetings | $1,721 | - | - | $1,721 |
| Travel | - | $53 | - | $53 |
| Total Functional Expenses | $850,834 | $78,060 | $0 | $928,894 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $57,618 |
| Fundraising Direct Expenses | $11,962 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Event 1 | $45,746 | $45,746 | $5,876 | $39,870 |
| Event 2 | $11,872 | $11,872 | $6,086 | $5,786 |
| Total Events | $57,618 | $57,618 | $11,962 | $45,656 |
“Draft copy of form 990 is provided to all board members prior to filing and reviewed in detail by the organization's bookkeeper and head of schools prior to filing.”
“The compensation for the head of schools is determined by the board of trustees on an annual basis using compensation information obtained from local and regional organizations of similar size and public school districts. Compensation is approved annually by the board of trustees with the organization's operating budget.”
“The compensation for all employees is determined by the finance committee of the board of trustees on an annual basis using compensation information obtained from local and regional organizations of similar size and public school districts. Compensation is approved annually by the board of trustees with the organization's operating budget.”
“The organization's governing documents are made available to the public through the searchable database on the iowa secretary of state's website. In addition, governing documents are available upon request at the organization's physical location in cedar rapids, iowa.”
“Book / tax depreciation difference -32,723”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | false |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | false |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | SUMMIT SCHOOLS, INC. DOES NOT DISCRIMINATE AND HAS PUBLISHED THIS POLICY THROUGH PROMOTIONAL ADVERTISING. IN ADDITION, THE SCHOOL HAS MANY DIVERSE RACIAL AND ETHNIC GROUPS REPRESENTED IN THE STUDENT POPULATION. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | RACIAL COMPOSITION OF THE STAFF AND STUDENT BODY IS NOT MAINTAINED AT THIS TIME AS IT HAS NOT BEEN REQUESTED BY ANY THIRD-PARTIES. THE ORGANIZATION IS SMALL SO COMPILATION OF THIS INFORMATION WOULD NOT BE TIME-CONSUMING IF REQUESTED. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, LINE 4 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 11962 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 45746 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 11872 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 57618 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 45746 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 11872 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 57618 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt | 0 | ADULT SOCIAL |
| IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt | 0 | FAMILY FUNDRAIS |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 45656 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 11962 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 5876 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt | 0 | 6086 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DRAFT COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING AND REVIEWED IN DETAIL BY THE ORGANIZATION'S BOOKKEEPER AND HEAD OF SCHOOLS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE COMPENSATION FOR THE HEAD OF SCHOOLS IS DETERMINED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS USING COMPENSATION INFORMATION OBTAINED FROM LOCAL AND REGIONAL ORGANIZATIONS OF SIMILAR SIZE AND PUBLIC SCHOOL DISTRICTS. COMPENSATION IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES WITH THE ORGANIZATION'S OPERATING BUDGET. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE COMPENSATION FOR ALL EMPLOYEES IS DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ON AN ANNUAL BASIS USING COMPENSATION INFORMATION OBTAINED FROM LOCAL AND REGIONAL ORGANIZATIONS OF SIMILAR SIZE AND PUBLIC SCHOOL DISTRICTS. COMPENSATION IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES WITH THE ORGANIZATION'S OPERATING BUDGET. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE SEARCHABLE DATABASE ON THE IOWA SECRETARY OF STATE'S WEBSITE. IN ADDITION, GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S PHYSICAL LOCATION IN CEDAR RAPIDS, IOWA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOOK / TAX DEPRECIATION DIFFERENCE -32,723 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 53328 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 10698 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1015217 |
| IRS990/TotalAssetsEOYAmt | 0 | 821749 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1015217 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 821749 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 46280 |
| IRS990/TotalEmployeeCnt | 0 | 65 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 78060 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 850834 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 928894 |
| IRS990/TotalGrossUBIAmt | 0 | 8097 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 534298 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 415203 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 534298 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 415203 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 480919 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 406546 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 850834 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 778535 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 787211 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 887244 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 8097 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1015217 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 821749 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 53 |
| IRS990/TravelGrp/TotalAmt | 0 | 53 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 352038 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 311844 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1 | 0 | 1010 REGENT STREET NE |
| IRS990/USAddress/City | 0 | CEDAR RAPIDS |
| IRS990/USAddress/State | 0 | IA |
| IRS990/USAddress/ZIPCode | 0 | 52402 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 10 |
| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WebsiteAddressTxt | 0 | WWW.SUMMITSCHOOLS.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GRETCHEN PRICE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | HEAD OF SCHOOLS |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3192942036 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-10-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | SUMMIT SCHOOLS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SUMM |
| ReturnHeader/Filer/EIN | 0 | 411472874 |
| ReturnHeader/Filer/PhoneNum | 0 | 3192942036 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 1010 REGENT STREET NE |
| ReturnHeader/Filer/USAddress/City | 0 | CEDAR RAPIDS |
| ReturnHeader/Filer/USAddress/State | 0 | IA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 52402 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 421508032 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | BOHR DAHM GREIF & ASSOCIATES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 1845 51ST ST NE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | CEDAR RAPIDS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 524022458 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3193668400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-10-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KIRT T NORRIS |
| ReturnHeader/ReturnTs | 0 | 2014-10-15T12:56:41-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.