Civic Intelligence

Summit Schools Inc.

990 • Fiscal year 2015 • EIN 41-1472874

Jun 01, 2014 to May 31, 2015 • Filed on Aug 28, 2015

Organization ProfileWWW.SUMMITSCHOOLS.COM

View Organization Page

1010 Regent Street NECedar Rapids, IA 52402

(319) 294-2036

Siviq Scores

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

Liabilities / Assets

85th percentile

0.57x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

0.50x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

24th percentile

-7.5%

Higher net margin than 24% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-7.0%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$726,487

Down $95,262 (-12%) from 2014

Net Assets

Down

$310,138

Down $96,408 (-24%) from 2014

Liabilities

Up

$416,349

Up $1,146 (+0.3%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin24th percentile

Revenue

Down

$824,925

Down $62,319 (-7.0%) from 2014

Expenses

Down

$886,911

Down $41,983 (-4.5%) from 2014

Net Income

Down

-$61,986

Down $20,336 (-49%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $817,980Liabilities 2011: $534,007Net Assets 2011: $283,9732011Assets 2012: $892,618Liabilities 2012: $519,468Net Assets 2012: $373,1502012Assets 2013: $1,015,217Liabilities 2013: $534,298Net Assets 2013: $480,9192013Assets 2014: $821,749Liabilities 2014: $415,203Net Assets 2014: $406,5462014Assets 2015: $726,487Liabilities 2015: $416,349Net Assets 2015: $310,1382015Assets 2016: $776,399Liabilities 2016: $525,326Net Assets 2016: $251,0732016Assets 2017: $845,889Liabilities 2017: $531,436Net Assets 2017: $314,4532017Assets 2018: $927,999Liabilities 2018: $564,106Net Assets 2018: $363,8932018Assets 2019: $968,009Liabilities 2019: $550,271Net Assets 2019: $417,7382019Assets 2020: $1,042,270Liabilities 2020: $598,937Net Assets 2020: $443,3332020Assets 2021: $1,232,201Liabilities 2021: $775,813Net Assets 2021: $456,3882021Assets 2022: $1,306,096Liabilities 2022: $451,621Net Assets 2022: $854,4752022Assets 2023: $1,418,436Liabilities 2023: $448,944Net Assets 2023: $969,4922023Assets 2024: $1,588,473Liabilities 2024: $461,462Net Assets 2024: $1,127,0112024Assets 2025: $1,776,652Liabilities 2025: $416,763Net Assets 2025: $1,359,8892025

Highlighted filing

2015

Assets$726,487
Liabilities$416,349
Net Assets$310,138
Open 2015 Filing

Operations Trend

Revenue Growth29th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $801,2432011Expenses 2012: $855,5652012Revenue 2013: $1,041,460Expenses 2013: $904,968Net Income 2013: $136,4922013Revenue 2014: $887,244Expenses 2014: $928,894Net Income 2014: -$41,6502014Revenue 2015: $824,925Expenses 2015: $886,911Net Income 2015: -$61,9862015Revenue 2016: $808,459Expenses 2016: $858,780Net Income 2016: -$50,3212016Revenue 2017: $1,020,789Expenses 2017: $953,022Net Income 2017: $67,7672017Revenue 2018: $1,072,424Expenses 2018: $1,022,635Net Income 2018: $49,7892018Revenue 2019: $1,108,561Expenses 2019: $1,051,356Net Income 2019: $57,2052019Revenue 2020: $1,081,194Expenses 2020: $1,055,599Net Income 2020: $25,5952020Revenue 2021: $1,032,702Expenses 2021: $1,030,168Net Income 2021: $2,5342021Revenue 2022: $1,505,080Expenses 2022: $1,108,144Net Income 2022: $396,9362022Revenue 2023: $1,298,673Expenses 2023: $1,183,656Net Income 2023: $115,0172023Revenue 2024: $1,492,554Expenses 2024: $1,335,035Net Income 2024: $157,5192024Revenue 2025: $1,804,066Expenses 2025: $1,571,188Net Income 2025: $232,8782025

Highlighted filing

2015

Revenue$824,925
Expenses$886,911
Net Income-$61,986
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Aug 28, 2015
Return Version
2014v5.0
Gross Receipts
$839,707
Mission and Program Overview

Mission

To assist children in reaching their fullest potential through quality academic education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$605,097$580,857▼ $24,240
Savings and Temporary Cash Investments$170,150$90,570▼ $79,580
Cash and Non-Interest-Bearing Accounts$30,411$36,422▲ $6,011
Accounts Receivable$12,725$16,142▲ $3,417
Other Notes and Loans Receivable, Net$3,366$1,765▼ $1,601
Prepaid Expenses and Deferred Charges-$731-
Total Assets$821,749$726,487▼ $95,262
Liabilities
Mortgage Notes Payable Secured by Investment Property$240,742$303,822▲ $63,080
Deferred Revenue$128,061$77,754▼ $50,307
Accounts Payable and Accrued Expenses$46,400$34,773▼ $11,627
Total Liabilities$415,203$416,349▲ $1,146
Net Assets / Fund Balance
Unrestricted Net Assets$311,844$214,353▼ $97,491
Permanently Rstr Net Assets$84,004$89,409▲ $5,405
Temporarily Rstr Net Assets$10,698$6,376▼ $4,322
Total Net Assets Fund Balance$406,546$310,138▼ $96,408
Total Liabilities and Net Assets / Fund Balance$821,749$726,487▼ $95,262

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$467,859$263,634$731,493
Equipment$27,398$70,461$97,859
Land$85,600-$85,600
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Bruce ThayerBoard Member
Ebony LuensmanBoard Member
Jim WittnebelBoard Member
Joel HansonBoard Member
Lisa Wiebenga-stroschineBoard Member
Shannon ThompsonBoard Member
Susan WolvertonBoard Member
Terri PetersenBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$70,132
Program Service Revenue
$708,764
Investment Income
$57
Other Revenue
$45,972
All Other Contributions
$67,840
Change in Net Assets
$-61,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$655,685
Other Expenses$231,226
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$524,738$63,586-$588,324
All Other Expenses$58,070--$58,070
Payroll Taxes$38,729$4,693-$43,422
Other Employee Benefits$21,352$2,587-$23,939
Advertising$15,417--$15,417
Other Expenses$14,640--$14,640
Occupancy$14,441--$14,441
Insurance$14,014--$14,014
Interest$10,863--$10,863
Fees for Services Accounting$9,566--$9,566
Office Expenses$3,516$5,696-$9,212
Conferences and Meetings$1,388--$1,388
Travel-$181-$181
Fees for Services Legal$68--$68
Total Functional Expenses$810,168$76,743$0$886,911
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,825
Fundraising Direct Expenses$4,983
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Adult Social$38,470$38,470$4,405$34,065
Total Events$38,470$38,470$4,405$34,065
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Form 990, Page 6, Part VI, Line 15A

“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.”

Form 990, Page 6, Part VI, Line 15B

“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.”

Form 990, Page 6, Part VI, Line 19

“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.”

Filing and Contact Details

Filer

Filer Name
Summit Schools Inc
EIN
41-1472874
Phone
3192942036
Address
1010 REGENT STREET NE, CEDAR RAPIDS, IA 52402

Signing Officer

Name
Larisa Bickel
Title
School Director
Phone
3192942036
Signed
2015-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larisa Bickel
Formed
1998
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
61

Preparer

Firm
Bohr Dahm Greif & Associates Pc
Address
1845 51ST ST NE, CEDAR RAPIDS, IA 52402-2458
Preparer
Kirt T Norris
Phone
3193668400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference -34,422”

Raw XML Appendix390 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt046400
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt034773
IRS990/AccountsReceivableGrp/BOYAmt012725
IRS990/AccountsReceivableGrp/EOYAmt016142
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ASSIST CHILDREN IN REACHING THEIR FULLEST POTENTIAL THROUGH QUALITY ACADEMIC EDUCATION.
IRS990/AdvertisingGrp/ProgramServicesAmt015417
IRS990/AdvertisingGrp/TotalAmt015417
IRS990/AllOtherContributionsAmt067840
IRS990/AllOtherExpensesGrp/ProgramServicesAmt058070
IRS990/AllOtherExpensesGrp/TotalAmt058070
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SUMMIT SCHOOLS INC
IRS990/BooksInCareOfDetail/PhoneNum03192942036
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01010 REGENT ST NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CEDAR RAPIDS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052402
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt030411
IRS990/CashNonInterestBearingGrp/EOYAmt036422
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01388
IRS990/ConferencesMeetingsGrp/TotalAmt01388
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt070132
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt057
IRS990/CYOtherExpensesAmt0231226
IRS990/CYOtherRevenueAmt045972
IRS990/CYProgramServiceRevenueAmt0708764
IRS990/CYRevenuesLessExpensesAmt0-61986
IRS990/CYSalariesCompEmpBnftPaidAmt0655685
IRS990/CYTotalExpensesAmt0886911
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0824925
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0128061
IRS990/DeferredRevenueGrp/EOYAmt077754
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO ENABLE EACH CHILD TO BECOME FULLY FUNCTIONAL, RESPONSIBLE, PRODUCTIVE AND CONTRIBUTING MEMBERS OF SOCIETY. TO ACCOMPLISH THIS, THE SCHOOL WILL OFFER EDUCATIONAL PROGRAMS OF THE HIGHEST ATTAINABLE QUALITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt061
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0810168
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09566
IRS990/FeesForServicesAccountingGrp/TotalAmt09566
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt068
IRS990/FeesForServicesLegalGrp/TotalAmt068
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0LISA WIEBENGA-STROSCHINE
IRS990/Form990PartVIISectionAGrp/PersonNm1JIM WITTNEBEL
IRS990/Form990PartVIISectionAGrp/PersonNm2SUSAN WOLVERTON
IRS990/Form990PartVIISectionAGrp/PersonNm3EBONY LUENSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4BRUCE THAYER
IRS990/Form990PartVIISectionAGrp/PersonNm5SHANNON THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm6JOEL HANSON
IRS990/Form990PartVIISectionAGrp/PersonNm7TERRI PETERSEN
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt04983
IRS990/FundraisingGrossIncomeAmt042825
IRS990/GainOrLossGrp/OtherAmt0-1765
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt02292
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0839707
IRS990/GrossRentsGrp/RealAmt09589
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt014014
IRS990/InsuranceGrp/TotalAmt014014
IRS990/InterestGrp/ProgramServicesAmt010863
IRS990/InterestGrp/TotalAmt010863
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01822
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01822
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0334095
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0605097
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0580857
IRS990/LandBldgEquipCostOrOtherBssAmt0914952
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01765
IRS990/LessRentalExpensesGrp/RealAmt08034
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ASSIST CHILDREN IN REACHING THEIR FULLEST POTENTIAL THROUGH QUALITY ACADEMIC EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0240742
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0303822
IRS990/NetAssetsOrFundBalancesBOYAmt0406546
IRS990/NetAssetsOrFundBalancesEOYAmt0310138
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1765
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1765
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt037842
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01555
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01555
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt014441
IRS990/OccupancyGrp/TotalAmt014441
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05696
IRS990/OfficeExpensesGrp/ProgramServicesAmt03516
IRS990/OfficeExpensesGrp/TotalAmt09212
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-34422
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02587
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021352
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023939
IRS990/OtherExpensesGrp/Desc0TECHNOLOGY EXPENSE
IRS990/OtherExpensesGrp/Desc1CUSTODIAL SERVICES
IRS990/OtherExpensesGrp/Desc2CLASSROOM MATERIALS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT AND BLDG. R&M
IRS990/OtherExpensesGrp/ProgramServicesAmt042034
IRS990/OtherExpensesGrp/ProgramServicesAmt121867
IRS990/OtherExpensesGrp/ProgramServicesAmt219465
IRS990/OtherExpensesGrp/ProgramServicesAmt314640
IRS990/OtherExpensesGrp/TotalAmt042034
IRS990/OtherExpensesGrp/TotalAmt121867
IRS990/OtherExpensesGrp/TotalAmt219465
IRS990/OtherExpensesGrp/TotalAmt314640
IRS990/OtherRevenueMiscGrp/Desc0UNREALIZED GAIN ON INVESTS
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04147
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12428
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04147
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12428
IRS990/OtherRevenueTotalAmt06575
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt063586
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0524738
IRS990/OtherSalariesAndWagesGrp/TotalAmt0588324
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03366
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01765
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04693
IRS990/PayrollTaxesGrp/ProgramServicesAmt038729
IRS990/PayrollTaxesGrp/TotalAmt043422
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt084004
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt089409
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0731
IRS990/PrincipalOfficerNm0LARISA BICKEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND RELATED FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0708764
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0708764
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt046280
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01039
IRS990/PYOtherExpensesAmt0232146
IRS990/PYOtherRevenueAmt061390
IRS990/PYProgramServiceRevenueAmt0778535
IRS990/PYRevenuesLessExpensesAmt0-41650
IRS990/PYSalariesCompEmpBnftPaidAmt0696748
IRS990/PYTotalExpensesAmt0928894
IRS990/PYTotalRevenueAmt0887244
IRS990/ReconcilationRevenueExpnssAmt0-61986
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01555
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0170150
IRS990/SavingsAndTempCashInvstGrp/EOYAmt090570
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0467859
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0263634
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0731493
IRS990ScheduleD/EquipmentGrp/BookValueAmt027398
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070461
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097859
IRS990ScheduleD/LandGrp/BookValueAmt085600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0580857
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SUMMIT 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/ExplanationTxt1RACIAL 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/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04405
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ADULT SOCIAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt038470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt038470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt038470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt038470
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034065
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04405
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04405
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT 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/ExplanationTxt1THE 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/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -34,422
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt010698
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt06376
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0821749
IRS990/TotalAssetsEOYAmt0726487
IRS990/TotalAssetsGrp/BOYAmt0821749
IRS990/TotalAssetsGrp/EOYAmt0726487
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt070132
IRS990/TotalEmployeeCnt061
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076743
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0810168
IRS990/TotalFunctionalExpensesGrp/TotalAmt0886911
IRS990/TotalGrossUBIAmt01555
IRS990/TotalLiabilitiesBOYAmt0415203
IRS990/TotalLiabilitiesEOYAmt0416349
IRS990/TotalLiabilitiesGrp/BOYAmt0415203
IRS990/TotalLiabilitiesGrp/EOYAmt0416349
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0406546
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0310138
IRS990/TotalProgramServiceExpensesAmt0810168
IRS990/TotalProgramServiceRevenueAmt0708764
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0715396
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0824925
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01555
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0821749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0726487
IRS990/TravelGrp/ManagementAndGeneralAmt0181
IRS990/TravelGrp/TotalAmt0181
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0311844
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0214353
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01010 REGENT STREET NE
IRS990/USAddress/CityNm0CEDAR RAPIDS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052402
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.SUMMITSCHOOLS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARISA BICKEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SCHOOL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03192942036
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT SCHOOLS INC
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0411472874
ReturnHeader/Filer/PhoneNum03192942036
ReturnHeader/Filer/USAddress/AddressLine1Txt01010 REGENT STREET NE
ReturnHeader/Filer/USAddress/CityNm0CEDAR RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421508032
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOHR DAHM GREIF & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01845 51ST ST NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0524022458
ReturnHeader/PreparerPersonGrp/PhoneNum03193668400
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRT T NORRIS
ReturnHeader/ReturnTs02015-10-05T08:57:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$726,487
Liabilities
$416,349
Net assets
$310,138
Revenue
$824,925
Expenses
$886,911
Net income
-$61,986
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.42$1.36$1.80$1.57$0.23
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.46$1.13$1.49$1.34$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.45$0.97$1.30$1.18$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.45$0.85$1.51$1.11$0.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.78$0.46$1.03$1.03$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.60$0.44$1.08$1.06$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.55$0.42$1.11$1.05$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.56$0.36$1.07$1.02$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.53$0.31$1.02$0.95$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.53$0.25$0.81$0.86$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.42$0.31$0.82$0.89$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.42$0.41$0.89$0.93$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.53$0.48$1.04$0.90$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.52$0.37$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.53$0.28$0.80
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $500k-$1M nonprofits