Civic Intelligence

Summit Schools Inc.

990 • Fiscal year 2022 • EIN 41-1472874

Jun 01, 2021 to May 31, 2022 • Filed on Nov 30, 2022

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

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.30x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

61st percentile

6.0%

Faster asset growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

46%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,306,096

Up $73,895 (+6.0%) from 2021

Net Assets

Up

$854,475

Up $398,087 (+87%) from 2021

Liabilities

Down

$451,621

Down $324,192 (-42%) from 2021

Revenue

Up

$1,505,080

Up $472,378 (+46%) from 2021

Expenses

Up

$1,108,144

Up $77,976 (+7.6%) from 2021

Net Income

Up

$396,936

Up $394,402 (+15564%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$1,306,096
Liabilities$451,621
Net Assets$854,475

Operations Trend

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

2022

Revenue$1,505,080
Expenses$1,108,144
Net Income$396,936
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Nov 30, 2022
Return Version
2021v4.0
Gross Receipts
$1,508,924
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$514,235$617,826▲ $103,591
Land, Buildings, and Equipment, Net$415,838$410,564▼ $5,274
Cash and Non-Interest-Bearing Accounts$272,374$229,962▼ $42,412
Accounts Receivable$22,392$44,082▲ $21,690
Prepaid Expenses and Deferred Charges$7,362$3,662▼ $3,700
Total Assets$1,232,201$1,306,096▲ $73,895
Liabilities
Deferred Revenue$208,140$208,097▼ $43
Mortgage Notes Payable Secured by Investment Property$523,262$196,584▼ $326,678
Accounts Payable and Accrued Expenses$44,411$46,053▲ $1,642
Other Liabilities-$887-
Total Liabilities$775,813$451,621▼ $324,192
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$194,399$616,851▲ $422,452
Net Assets With Donor Restrictions$261,989$237,624▼ $24,365
Total Net Assets Fund Balance$456,388$854,475▲ $398,087
Total Liabilities and Net Assets / Fund Balance$1,232,201$1,306,096▲ $73,895

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$304,601$388,103$692,704
Equipment$20,363$105,289$125,652
Land$85,600-$85,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan ClarkPresident
Ashley BalsterBoard Member
Cassie MitvalskyBoard Member
Chris GrawBoard Member
Grant LuebeBoard Member
Paly AfridiSecretary
Camron DevorTreasurer
Laurene LanichVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$117,403
Program Service Revenue
$1,040,023
Investment Income
$14,098
Other Revenue
$333,556
All Other Contributions
$115,388
Change in Net Assets
$396,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$911,712
Other Expenses$196,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$730,769$81,763-$812,532
Payroll Taxes$54,933$6,146-$61,079
Other Employee Benefits$34,267$3,834-$38,101
All Other Expenses$31,503--$31,503
Depreciation Depletion$28,350--$28,350
Insurance$21,632--$21,632
Occupancy$16,048--$16,048
Other Expenses$11,336--$11,336
Fees for Services Accounting$10,700--$10,700
Advertising$9,747--$9,747
Interest$8,194--$8,194
Office Expenses$3,593$1,349-$4,942
Conferences and Meetings$2,497--$2,497
Fees for Services Legal$297--$297
Total Functional Expenses$1,015,052$93,092$0$1,108,144
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,492
Fundraising Direct Expenses$992
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Adult Social$40,492$40,492$992$39,500
Total Events$40,492$40,492$992$39,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pto Funds$887
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
2022-11-30
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
53
Volunteers
36

Preparer

Firm
Bghn Associates Pc
Address
1845 51ST ST NE, CEDAR RAPIDS, IA 52402
Preparer
Kirt T Norris
Phone
3193668400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference 1,151

Raw XML AppendixShowing 400 of 403 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/BOYAmt044411
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt046053
IRS990/AccountsReceivableGrp/BOYAmt022392
IRS990/AccountsReceivableGrp/EOYAmt044082
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ASSIST CHILDREN IN REACHING THEIR FULLEST POTENTIAL THROUGH QUALITY ACADEMIC EDUCATION.
IRS990/AdvertisingGrp/ProgramServicesAmt09747
IRS990/AdvertisingGrp/TotalAmt09747
IRS990/AllOtherContributionsAmt0115388
IRS990/AllOtherExpensesGrp/ProgramServicesAmt031503
IRS990/AllOtherExpensesGrp/TotalAmt031503
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0272374
IRS990/CashNonInterestBearingGrp/EOYAmt0229962
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02497
IRS990/ConferencesMeetingsGrp/TotalAmt02497
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0117403
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt014098
IRS990/CYOtherExpensesAmt0196432
IRS990/CYOtherRevenueAmt0333556
IRS990/CYProgramServiceRevenueAmt01040023
IRS990/CYRevenuesLessExpensesAmt0396936
IRS990/CYSalariesCompEmpBnftPaidAmt0911712
IRS990/CYTotalExpensesAmt01108144
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01505080
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0208140
IRS990/DeferredRevenueGrp/EOYAmt0208097
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt028350
IRS990/DepreciationDepletionGrp/TotalAmt028350
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/DonorRestrictionNetAssetsGrp/BOYAmt0261989
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0237624
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt053
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01015052
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010700
IRS990/FeesForServicesAccountingGrp/TotalAmt010700
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0297
IRS990/FeesForServicesLegalGrp/TotalAmt0297
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/PersonNm0PALY AFRIDI
IRS990/Form990PartVIISectionAGrp/PersonNm1ASHLEY BALSTER
IRS990/Form990PartVIISectionAGrp/PersonNm2DAN CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm3CAMRON DEVOR
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRIS GRAW
IRS990/Form990PartVIISectionAGrp/PersonNm5LAURENE LANICH
IRS990/Form990PartVIISectionAGrp/PersonNm6GRANT LUEBE
IRS990/Form990PartVIISectionAGrp/PersonNm7CASSIE MITVALSKY
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/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt0992
IRS990/FundraisingGrossIncomeAmt040492
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt02015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01508924
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt021632
IRS990/InsuranceGrp/TotalAmt021632
IRS990/InterestGrp/ProgramServicesAmt08194
IRS990/InterestGrp/TotalAmt08194
IRS990/InvestmentIncomeGrp/ExclusionAmt014098
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014098
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0493392
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0415838
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0410564
IRS990/LandBldgEquipCostOrOtherBssAmt0903956
IRS990/LegalDomicileStateCd0IA
IRS990/LessRentalExpensesGrp/RealAmt02852
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/BOYAmt0523262
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0196584
IRS990/NetAssetsOrFundBalancesBOYAmt0456388
IRS990/NetAssetsOrFundBalancesEOYAmt0854475
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt039500
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-2852
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-2852
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0194399
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0616851
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt016048
IRS990/OccupancyGrp/TotalAmt016048
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01349
IRS990/OfficeExpensesGrp/ProgramServicesAmt03593
IRS990/OfficeExpensesGrp/TotalAmt04942
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt01151
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03834
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt034267
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038101
IRS990/OtherExpensesGrp/Desc0HOT LUNCH PROGRAM
IRS990/OtherExpensesGrp/Desc1EQUIPMENT AND BLDG R&M
IRS990/OtherExpensesGrp/Desc2CLASSROOM MATERIALS
IRS990/OtherExpensesGrp/Desc3ASSESSMENT & EX. DAY SUPP
IRS990/OtherExpensesGrp/ProgramServicesAmt018579
IRS990/OtherExpensesGrp/ProgramServicesAmt117867
IRS990/OtherExpensesGrp/ProgramServicesAmt214740
IRS990/OtherExpensesGrp/ProgramServicesAmt311336
IRS990/OtherExpensesGrp/TotalAmt018579
IRS990/OtherExpensesGrp/TotalAmt117867
IRS990/OtherExpensesGrp/TotalAmt214740
IRS990/OtherExpensesGrp/TotalAmt311336
IRS990/OtherLiabilitiesGrp/EOYAmt0887
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1UNREALIZED LOSS ON INVESTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0325207
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-28299
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0325207
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-28299
IRS990/OtherRevenueTotalAmt0296908
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt081763
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0730769
IRS990/OtherSalariesAndWagesGrp/TotalAmt0812532
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06146
IRS990/PayrollTaxesGrp/ProgramServicesAmt054933
IRS990/PayrollTaxesGrp/TotalAmt061079
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07362
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03662
IRS990/PrincipalOfficerNm0LARISA BICKEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND RELATED FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01040023
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01040023
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt082530
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09719
IRS990/PYOtherExpensesAmt0221931
IRS990/PYOtherRevenueAmt0166949
IRS990/PYProgramServiceRevenueAmt0773504
IRS990/PYRevenuesLessExpensesAmt02534
IRS990/PYSalariesCompEmpBnftPaidAmt0808237
IRS990/PYTotalExpensesAmt01030168
IRS990/PYTotalRevenueAmt01032702
IRS990/ReconcilationRevenueExpnssAmt0396936
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-2852
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01040023
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0514235
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0617826
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0304601
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0388103
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0692704
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt020363
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105289
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125652
IRS990ScheduleD/LandGrp/BookValueAmt085600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PTO FUNDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0410564
IRS990ScheduleD/TotalLiabilityAmt0887
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/DirectExpenseSummaryEventsAmt0992
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ADULT SOCIAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt040492
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt040492
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt040492
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040492
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt039500
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0992
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0992
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 1,151
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01232201
IRS990/TotalAssetsEOYAmt01306096
IRS990/TotalAssetsGrp/BOYAmt01232201
IRS990/TotalAssetsGrp/EOYAmt01306096
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0117403
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093092
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01015052
IRS990/TotalFunctionalExpensesGrp/TotalAmt01108144
IRS990/TotalGrossUBIAmt0-2852
IRS990/TotalLiabilitiesBOYAmt0775813
IRS990/TotalLiabilitiesEOYAmt0451621
IRS990/TotalLiabilitiesGrp/BOYAmt0775813
IRS990/TotalLiabilitiesGrp/EOYAmt0451621
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0456388
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0854475
IRS990/TotalProgramServiceExpensesAmt01015052
IRS990/TotalProgramServiceRevenueAmt01040023
IRS990/TotalRevenueGrp/ExclusionAmt014098
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01336931
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01505080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-2852
IRS990/TotalVolunteersCnt036
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01232201
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01306096
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARISA BICKEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SCHOOL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03192942036
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-30
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/BusinessNameLine1Txt0BGHN ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01845 51ST ST NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052402
ReturnHeader/PreparerPersonGrp/PhoneNum03193668400
ReturnHeader/PreparerPersonGrp/PreparationDt02022-12-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRT T NORRIS
ReturnHeader/ReturnTs02022-12-12T09:09:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LARISA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BICKEL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2022Detailed filing. Detailed filing data is available for this year.$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