Civic Intelligence

Summit Schools Inc.

990 • Fiscal year 2018 • EIN 41-1472874

Jun 01, 2017 to May 31, 2018 • Filed on Sep 11, 2018

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

84th percentile

0.61x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.53x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

55th percentile

4.6%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

72nd percentile

9.7%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

5.1%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$927,999

Up $82,110 (+9.7%) from 2017

Net Assets

Up

$363,893

Up $49,440 (+16%) from 2017

Liabilities

Up

$564,106

Up $32,670 (+6.1%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin55th percentile

Revenue

Up

$1,072,424

Up $51,635 (+5.1%) from 2017

Expenses

Up

$1,022,635

Up $69,613 (+7.3%) from 2017

Net Income

Down

$49,789

Down $17,978 (-27%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2018

Assets$927,999
Liabilities$564,106
Net Assets$363,893
Open 2018 Filing

Operations Trend

Revenue Growth53rd 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

2018

Revenue$1,072,424
Expenses$1,022,635
Net Income$49,789
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Sep 11, 2018
Return Version
2017v2.3
Gross Receipts
$1,092,891
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$509,883$549,798▲ $39,915
Savings and Temporary Cash Investments$254,799$283,228▲ $28,429
Cash and Non-Interest-Bearing Accounts$57,772$55,634▼ $2,138
Accounts Receivable$22,677$27,102▲ $4,425
Prepaid Expenses and Deferred Charges$758$11,987▲ $11,229
Other Notes and Loans Receivable, Net-$250-
Total Assets$845,889$927,999▲ $82,110
Liabilities
Mortgage Notes Payable Secured by Investment Property$292,984$314,982▲ $21,998
Deferred Revenue$190,122$194,890▲ $4,768
Accounts Payable and Accrued Expenses$48,330$54,234▲ $5,904
Total Liabilities$531,436$564,106▲ $32,670
Net Assets / Fund Balance
Unrestricted Net Assets$190,717$230,995▲ $40,278
Permanently Rstr Net Assets$98,336$105,377▲ $7,041
Temporarily Rstr Net Assets$25,400$27,521▲ $2,121
Total Net Assets Fund Balance$314,453$363,893▲ $49,440
Total Liabilities and Net Assets / Fund Balance$845,889$927,999▲ $82,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$455,580$312,718$768,298
Equipment$8,618$91,723$100,341
Land$85,600-$85,600
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Kathleen ReinwartPresident
Bruce ThayerBoard Member
Chris GrawBoard Member
Dan ClarkeBoard Member
Laurene LanichBoard Member
Molli CunninghamBoard Member
Paly AfridiBoard Member
Virginia MichalicekBoard Member
Ebony LuensmanSecretary
Jillian ReynoldsTreasurer
Terri PetersenVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$84,280
Program Service Revenue
$946,386
Investment Income
$3,314
Other Revenue
$38,444
All Other Contributions
$81,900
Change in Net Assets
$49,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$795,447
Other Expenses$227,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$632,472$68,923-$701,395
Payroll Taxes$47,613$5,191-$52,804
All Other Expenses$44,142--$44,142
Other Employee Benefits$37,193$4,055-$41,248
Depreciation Depletion$25,997--$25,997
Insurance$17,551--$17,551
Occupancy$15,223--$15,223
Other Expenses$13,349--$13,349
Advertising$10,839--$10,839
Interest$9,675--$9,675
Fees for Services Accounting$9,000--$9,000
Office Expenses$3,113$3,165-$6,278
Conferences and Meetings$5,387--$5,387
Fees for Services Legal$280--$280
Total Functional Expenses$941,301$81,334$0$1,022,635
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,060
Fundraising Direct Expenses$9,643
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Adult Social$39,060$39,060$9,643$29,417
Total Events$39,060$39,060$9,643$29,417
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
No
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
2018-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larisa Bickel
Formed
1998
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
58
Volunteers
115

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 -349”

Raw XML AppendixShowing 400 of 418 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt048330
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt054234
IRS990/AccountsReceivableGrp/BOYAmt022677
IRS990/AccountsReceivableGrp/EOYAmt027102
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ASSIST CHILDREN IN REACHING THEIR FULLEST POTENTIAL THROUGH QUALITY ACADEMIC EDUCATION.
IRS990/AdvertisingGrp/ProgramServicesAmt010839
IRS990/AdvertisingGrp/TotalAmt010839
IRS990/AllOtherContributionsAmt081900
IRS990/AllOtherExpensesGrp/ProgramServicesAmt044142
IRS990/AllOtherExpensesGrp/TotalAmt044142
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/BOYAmt057772
IRS990/CashNonInterestBearingGrp/EOYAmt055634
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05387
IRS990/ConferencesMeetingsGrp/TotalAmt05387
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt084280
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03314
IRS990/CYOtherExpensesAmt0227188
IRS990/CYOtherRevenueAmt038444
IRS990/CYProgramServiceRevenueAmt0946386
IRS990/CYRevenuesLessExpensesAmt049789
IRS990/CYSalariesCompEmpBnftPaidAmt0795447
IRS990/CYTotalExpensesAmt01022635
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01072424
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0190122
IRS990/DeferredRevenueGrp/EOYAmt0194890
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt025997
IRS990/DepreciationDepletionGrp/TotalAmt025997
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/EmployeeCnt058
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0941301
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09000
IRS990/FeesForServicesAccountingGrp/TotalAmt09000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0280
IRS990/FeesForServicesLegalGrp/TotalAmt0280
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
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/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHLEEN REINWART
IRS990/Form990PartVIISectionAGrp/PersonNm1TERRI PETERSEN
IRS990/Form990PartVIISectionAGrp/PersonNm2EBONY LUENSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JILLIAN REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm4PALY AFRIDI
IRS990/Form990PartVIISectionAGrp/PersonNm5DAN CLARKE
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRIS GRAW
IRS990/Form990PartVIISectionAGrp/PersonNm7VIRGINIA MICHALICEK
IRS990/Form990PartVIISectionAGrp/PersonNm8BRUCE THAYER
IRS990/Form990PartVIISectionAGrp/PersonNm9LAURENE LANICH
IRS990/Form990PartVIISectionAGrp/PersonNm10MOLLI CUNNINGHAM
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/ReportableCompFromOrgAmt100
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt09643
IRS990/FundraisingGrossIncomeAmt039060
IRS990/GainOrLossGrp/OtherAmt0-57
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt02380
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0450
IRS990/GrossReceiptsAmt01092891
IRS990/GrossRentsGrp/RealAmt013200
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt017551
IRS990/InsuranceGrp/TotalAmt017551
IRS990/InterestGrp/ProgramServicesAmt09675
IRS990/InterestGrp/TotalAmt09675
IRS990/InvestmentIncomeGrp/ExclusionAmt03371
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03371
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0404441
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0509883
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0549798
IRS990/LandBldgEquipCostOrOtherBssAmt0954239
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0507
IRS990/LessRentalExpensesGrp/RealAmt010317
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/BOYAmt0292984
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0314982
IRS990/NetAssetsOrFundBalancesBOYAmt0314453
IRS990/NetAssetsOrFundBalancesEOYAmt0363893
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-57
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-57
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt029417
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02883
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt02883
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt015223
IRS990/OccupancyGrp/TotalAmt015223
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03165
IRS990/OfficeExpensesGrp/ProgramServicesAmt03113
IRS990/OfficeExpensesGrp/TotalAmt06278
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-349
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04055
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037193
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041248
IRS990/OtherExpensesGrp/Desc0ASSESSMENT & EX. DAY SUPP
IRS990/OtherExpensesGrp/Desc1TECHNOLOGY EXPENSE
IRS990/OtherExpensesGrp/Desc2CLASSROOM MATERIALS
IRS990/OtherExpensesGrp/Desc3HOT LUNCH PROGRAM
IRS990/OtherExpensesGrp/ProgramServicesAmt026353
IRS990/OtherExpensesGrp/ProgramServicesAmt125260
IRS990/OtherExpensesGrp/ProgramServicesAmt217854
IRS990/OtherExpensesGrp/ProgramServicesAmt313349
IRS990/OtherExpensesGrp/TotalAmt026353
IRS990/OtherExpensesGrp/TotalAmt125260
IRS990/OtherExpensesGrp/TotalAmt217854
IRS990/OtherExpensesGrp/TotalAmt313349
IRS990/OtherRevenueMiscGrp/Desc0UNREALIZED GAIN ON INVESTS
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05598
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1546
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05598
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1546
IRS990/OtherRevenueTotalAmt06144
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068923
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0632472
IRS990/OtherSalariesAndWagesGrp/TotalAmt0701395
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0250
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05191
IRS990/PayrollTaxesGrp/ProgramServicesAmt047613
IRS990/PayrollTaxesGrp/TotalAmt052804
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt098336
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0105377
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0758
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011987
IRS990/PrincipalOfficerNm0LARISA BICKEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND RELATED FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0946386
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0946386
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt061258
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02115
IRS990/PYOtherExpensesAmt0209683
IRS990/PYOtherRevenueAmt038427
IRS990/PYProgramServiceRevenueAmt0918989
IRS990/PYRevenuesLessExpensesAmt067767
IRS990/PYSalariesCompEmpBnftPaidAmt0743339
IRS990/PYTotalExpensesAmt0953022
IRS990/PYTotalRevenueAmt01020789
IRS990/ReconcilationRevenueExpnssAmt049789
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02883
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0946386
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0254799
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0283228
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0455580
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0312718
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0768298
IRS990ScheduleD/EquipmentGrp/BookValueAmt08618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt091723
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0100341
IRS990ScheduleD/LandGrp/BookValueAmt085600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0549798
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/DirectExpenseSummaryEventsAmt09643
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ADULT SOCIAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt039060
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt039060
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt039060
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt039060
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt029417
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09643
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09643
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 -349
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/BOYAmt025400
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt027521
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0845889
IRS990/TotalAssetsEOYAmt0927999
IRS990/TotalAssetsGrp/BOYAmt0845889
IRS990/TotalAssetsGrp/EOYAmt0927999
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt084280
IRS990/TotalEmployeeCnt058
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081334
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0941301
IRS990/TotalFunctionalExpensesGrp/TotalAmt01022635
IRS990/TotalGrossUBIAmt02883
IRS990/TotalLiabilitiesBOYAmt0531436
IRS990/TotalLiabilitiesEOYAmt0564106
IRS990/TotalLiabilitiesGrp/BOYAmt0531436
IRS990/TotalLiabilitiesGrp/EOYAmt0564106
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0314453
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0363893
IRS990/TotalProgramServiceExpensesAmt0941301
IRS990/TotalProgramServiceRevenueAmt0946386
IRS990/TotalRevenueGrp/ExclusionAmt03371
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0952473
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01072424
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02883
IRS990/TotalVolunteersCnt0115
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0845889
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0927999
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0190717
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0230995
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01010 REGENT STREET NE
IRS990/USAddress/CityNm0CEDAR RAPIDS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052402
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.SUMMITSCHOOLS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARISA BICKEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SCHOOL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03192942036
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-11
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0CDD37B6A57452467300300DC64D3B344D443892B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06D7A5FB85F6EFC666B5B509A35232124D7E866D9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$927,999
Liabilities
$564,106
Net assets
$363,893
Revenue
$1,072,424
Expenses
$1,022,635
Net income
$49,789
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
2018Detailed filing. Detailed filing data is available for this year.$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