The Summit School Incorporated

“The artwork consists of over 75 individual pieces of oil paintings, Native American art, sculptures, prints, lithographs, water colors, photographs, wood blocks, and other various art forms. The artwork is maintained by the school for educational and instructional purposes.”

“Donations of art are auctioned off and the revenues are put into the general fund for the operations of the school.”

“The financial aid for diversity funds are for need-based financial aid for minority students.The Joe H. Parrish Sports Memorial Fund was established for the purpose of providing support for the sports department.The Marian Millaway '69 Douglas Award for Faculty Excellence Fund was established to reward teachers whose excellence and enthusiasm spark the flame of learning in students.The Jessica Marsha Wolfman Exchange Fund was established for the purpose of helping students participate in the exchange program and other school sponsored trips.The Faculty Support Fund was established to provide salaries, benefits and professional growth opportunities for faculty.The Teaching/Learning Center Outreach Fund was established to support outreach programs utilizing the teaching/learning center activities through publication, seminars, workshops, outside resource teachers and explanatory aids for teachers and visitors.The Debell Scholarship Fund was established to support financial aid for deserving students whose family would not otherwise be able to afford an independent school education.The Perkinson Family Travel Fund was established to help students with demonstrated financial need enrich their educational experiences by participating in school-endorsed trips.The General and Summit School Funds were established for the purpose of providing overall support for the school.The Thomas A Gray Endowment Income is made available each year to the head of the school to be used at his/her discretion. The Michelle Lachat Financial Aid Fund and Christian Sisters' Financial Aid Fund were established for the purpose of providing financial aid to qualified students.”

“It is the Schools policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a more-likely-than-not threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2024 and 2023. Currently, the statute of limitations remains open subsequent to and including the year ended June 30, 2021; however, no examinations are in process. Any changes in the amount of a tax position, as well as related penalties and interest, will be recognized in the period the change occurs.”

“Rental exp netted with revenue on 990 $134640 Special events expenses $0”

“Scholarships incl in fin stmt revenue $2591940”