Civic Intelligence

Summit Charter School Inc.

990 • Fiscal year 2023 • EIN 56-1993257

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 24, 2024

Organization Profilewww.summitschool.org

View Organization Page

370 Mitten LaneCashiers, NC 28717

(828) 743-5755

Siviq Scores

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

Liabilities / Assets

78th percentile

0.47x

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

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.03x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Net Margin

39th percentile

-0.3%

Higher net margin than 39% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$181,136

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Asset Growth

81st percentile

31%

Faster asset growth than 81% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

5.7%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$270,184

Up $64,577 (+31%) from 2022

Net Assets

Down

$142,328

Down $12,756 (-8.2%) from 2022

Liabilities

Up

$127,856

Up $77,333 (+153%) from 2022

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin39th percentile

Revenue

Up

$4,001,107

Up $217,057 (+5.7%) from 2022

Expenses

Up

$4,013,863

Up $293,804 (+7.9%) from 2022

Net Income

Down

-$12,756

Down $76,747 (-120%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$1.0M$500K$0-$500KAssets 2011: $152,509Liabilities 2011: $11,108Net Assets 2011: $141,4012011Assets 2012: $116,156Liabilities 2012: $12,697Net Assets 2012: $103,4592012Assets 2013: $149,441Liabilities 2013: $12,046Net Assets 2013: $137,3952013Assets 2014: $80,843Liabilities 2014: $13,691Net Assets 2014: $67,1522014Assets 2015: $101,399Liabilities 2015: $16,285Net Assets 2015: $85,1142015Assets 2016: $76,682Liabilities 2016: $5,678Net Assets 2016: $71,0042016Assets 2017: $82,058Liabilities 2017: $5,403Net Assets 2017: $76,6552017Assets 2018: $175,747Liabilities 2018: $30,208Net Assets 2018: $145,5392018Assets 2019: $154,528Liabilities 2019: $68,337Net Assets 2019: $86,1912019Assets 2020: $334,124Liabilities 2020: $511,698Net Assets 2020: -$177,5742020Assets 2021: $246,672Liabilities 2021: $155,579Net Assets 2021: $91,0932021Assets 2022: $205,607Liabilities 2022: $50,523Net Assets 2022: $155,0842022Assets 2023: $270,184Liabilities 2023: $127,856Net Assets 2023: $142,3282023Assets 2024: $755,677Liabilities 2024: $588,964Net Assets 2024: $166,7132024Assets 2025: $421,707Liabilities 2025: $181,194Net Assets 2025: $240,5132025

Highlighted filing

2023

Assets$270,184
Liabilities$127,856
Net Assets$142,328
Open 2023 Filing

Operations Trend

Revenue Growth50th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,714,450Expenses 2011: $1,734,877Net Income 2011: -$20,4272011Revenue 2012: $1,810,386Expenses 2012: $1,848,328Net Income 2012: -$37,9422012Revenue 2013: $1,836,864Expenses 2013: $1,802,928Net Income 2013: $33,9362013Revenue 2014: $1,850,691Expenses 2014: $1,920,934Net Income 2014: -$70,2432014Revenue 2015: $1,910,422Expenses 2015: $1,892,460Net Income 2015: $17,9622015Revenue 2016: $1,949,188Expenses 2016: $1,963,298Net Income 2016: -$14,1102016Revenue 2017: $2,285,900Expenses 2017: $2,280,249Net Income 2017: $5,6512017Revenue 2018: $2,452,936Expenses 2018: $2,384,052Net Income 2018: $68,8842018Revenue 2019: $2,718,517Expenses 2019: $2,777,865Net Income 2019: -$59,3482019Revenue 2020: $2,687,785Expenses 2020: $2,951,550Net Income 2020: -$263,7652020Revenue 2021: $3,513,448Expenses 2021: $3,244,781Net Income 2021: $268,6672021Revenue 2022: $3,784,050Expenses 2022: $3,720,059Net Income 2022: $63,9912022Revenue 2023: $4,001,107Expenses 2023: $4,013,863Net Income 2023: -$12,7562023Revenue 2024: $4,243,982Expenses 2024: $4,219,597Net Income 2024: $24,3852024Revenue 2025: $4,600,806Expenses 2025: $4,527,006Net Income 2025: $73,8002025

Highlighted filing

2023

Revenue$4,001,107
Expenses$4,013,863
Net Income-$12,756
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 24, 2024
Return Version
2022v5.0
Gross Receipts
$4,001,107
Mission and Program Overview

Mission

Operation of a North Carolina public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$70,331$148,563▲ $78,232
Land, Buildings, and Equipment, Net$56,529$42,996▼ $13,533
Prepaid Expenses and Deferred Charges$7,189$41,026▲ $33,837
Accounts Receivable$57,006$37,599▼ $19,407
Total Assets$205,607$270,184▲ $64,577
Other Assets Total$14,552--
Liabilities
Deferred Revenue$27,178$78,380▲ $51,202
Accounts Payable and Accrued Expenses$23,345$49,476▲ $26,131
Total Liabilities$50,523$127,856▲ $77,333
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$155,084$142,328▼ $12,756
Total Net Assets Fund Balance$155,084$142,328▼ $12,756
Total Liabilities and Net Assets / Fund Balance$205,607$270,184▲ $64,577

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,105$153,693$180,798
Leasehold Improvements$15,891$5,475$21,366
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kurt PuschHead of SchoolFT$181,136$181,136
Andrea ChalkerK-8 PrincipalFT$108,398$108,398

Board Members and Trustees

NameTitle
Boris KruegerChair
Mark LetsonVice Chair
Charlie CrawfordBoard member
Elisabeth HoffmanBoard member
Jason ChickBoard member
Kristina NewsomBoard member
Michelle ClementBoard member
Tracie JerniganBoard member
Erika MasonSecretary
David BillingsleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$769,753
Program Service Revenue
$3,231,354
Investment Income
$0
Other Revenue
$0
All Other Contributions
$654,348
Change in Net Assets
$-12,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,001,107
Total Revenue per Audited Statements
$4,001,107
Total Revenue per Form 990
$4,001,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,961,026
Other Expenses$1,052,837
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,051,274$364,275-$2,415,549
Other Employee Benefits$289,340$18,459-$307,799
Other Expenses$434,110$181,150-$181,150
Payroll Taxes$151,439$25,445-$176,884
Occupancy$50,006$12,501-$62,507
Pension Plan Contributions$51,368$9,426-$60,794
Insurance-$50,387-$50,387
Fees for Services Legal-$46,191-$46,191
Depreciation Depletion$10,150$3,383-$13,533
Advertising-$5,429-$5,429
Fees for Services Accounting-$725-$725
Total Functional Expenses$3,133,031$880,832$0$4,013,863

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,013,863
Total Expenses per Audited Statements$4,013,863
Total Expenses per Form 990$4,013,863
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Prestige Charter Solutions - accounting and business management”

Form 990, Part VI, Section B, Line 11B

“The executive director reviews the 990 and presents to the board of directors for approval.”

Form 990, Part VI, Section B, Line 12C

“At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.”

Form 990, Part VI, Section B, Line 15A

“Executive directors compensation is approved by the board and is based on comparability data and performance.”

Form 990, Part VI, Section B, Line 15B

“Officers do not receive compensation. Key employees salaries are based on the state salary scale.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Charter School
EIN
56-1993257
In Care Of
% Boris Krueger
Phone
8287435755
Address
370 Mitten Lane, Cashiers, NC 28717

Signing Officer

Name
Boris Krueger
Title
Board Chair
Phone
8287435755
Signed
2024-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Boris Krueger
Formed
1997
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
63
Volunteers
80

Preparer

Firm
Rebekah Barr CPA PC
Address
1520 Nash Street N, Wilson, NC 27893
Preparer
Rebekah T Barr
Phone
2522946920
Raw XML AppendixShowing 400 of 478 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/BOYAmt023345
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt049476
IRS990/AccountsReceivableGrp/BOYAmt057006
IRS990/AccountsReceivableGrp/EOYAmt037599
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a North Carolina public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt05429
IRS990/AdvertisingGrp/TotalAmt05429
IRS990/AllOtherContributionsAmt0654348
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Prestige School Solutions
IRS990/BooksInCareOfDetail/PhoneNum09192358124
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 86
IRS990/BooksInCareOfDetail/USAddress/CityNm0Rutherfordton
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028139
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt070331
IRS990/CashNonInterestBearingGrp/EOYAmt0148563
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0769753
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01052837
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03231354
IRS990/CYRevenuesLessExpensesAmt0-12756
IRS990/CYSalariesCompEmpBnftPaidAmt02961026
IRS990/CYTotalExpensesAmt04013863
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04001107
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt027178
IRS990/DeferredRevenueGrp/EOYAmt078380
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03383
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010150
IRS990/DepreciationDepletionGrp/TotalAmt013533
IRS990/Desc0Operated as a public charter school in Cashiers, North Carolina serving approximately 284 students for the fiscal year ended June 30, 2023.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt063
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt03133031
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0725
IRS990/FeesForServicesAccountingGrp/TotalAmt0725
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt046191
IRS990/FeesForServicesLegalGrp/TotalAmt046191
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11000.75
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/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
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/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0Kurt Pusch
IRS990/Form990PartVIISectionAGrp/PersonNm1Andrea Chalker
IRS990/Form990PartVIISectionAGrp/PersonNm2Boris Krueger
IRS990/Form990PartVIISectionAGrp/PersonNm3Mark Letson
IRS990/Form990PartVIISectionAGrp/PersonNm4David Billingsley
IRS990/Form990PartVIISectionAGrp/PersonNm5Erika Mason
IRS990/Form990PartVIISectionAGrp/PersonNm6Jason Chick
IRS990/Form990PartVIISectionAGrp/PersonNm7Charlie Crawford
IRS990/Form990PartVIISectionAGrp/PersonNm8Elisabeth Hoffman
IRS990/Form990PartVIISectionAGrp/PersonNm9Kristina Newsom
IRS990/Form990PartVIISectionAGrp/PersonNm10Michelle Clement
IRS990/Form990PartVIISectionAGrp/PersonNm11Tracie Jernigan
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0181136
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1108398
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/ReportableCompFromOrgAmt110
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/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt1K-8 Principal
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0115405
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04001107
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt050387
IRS990/InsuranceGrp/TotalAmt050387
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0159168
IRS990/LandBldgEquipBasisNetGrp/BOYAmt056529
IRS990/LandBldgEquipBasisNetGrp/EOYAmt042996
IRS990/LandBldgEquipCostOrOtherBssAmt0202164
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operation of a North Carolina public charter school.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0155084
IRS990/NetAssetsOrFundBalancesEOYAmt0142328
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0155084
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0142328
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt012501
IRS990/OccupancyGrp/ProgramServicesAmt050006
IRS990/OccupancyGrp/TotalAmt062507
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014552
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018459
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0289340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0307799
IRS990/OtherExpensesGrp/Desc0Contracted student services
IRS990/OtherExpensesGrp/Desc1Supplies, Materials, Textbooks etc
IRS990/OtherExpensesGrp/Desc2Repairs and maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0143179
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120282
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2181150
IRS990/OtherExpensesGrp/ProgramServicesAmt095344
IRS990/OtherExpensesGrp/ProgramServicesAmt1434110
IRS990/OtherExpensesGrp/TotalAmt0238523
IRS990/OtherExpensesGrp/TotalAmt1454392
IRS990/OtherExpensesGrp/TotalAmt2181150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0364275
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02051274
IRS990/OtherSalariesAndWagesGrp/TotalAmt02415549
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025445
IRS990/PayrollTaxesGrp/ProgramServicesAmt0151439
IRS990/PayrollTaxesGrp/TotalAmt0176884
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09426
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt051368
IRS990/PensionPlanContributionsGrp/TotalAmt060794
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07189
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041026
IRS990/PrincipalOfficerNm0Boris Krueger
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0State appropriations
IRS990/ProgramServiceRevenueGrp/Desc1County appropriations
IRS990/ProgramServiceRevenueGrp/Desc2Other program service revenues
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02214392
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1694209
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2322753
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01203351
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0883799
IRS990/PYOtherRevenueAmt048043
IRS990/PYProgramServiceRevenueAmt02532656
IRS990/PYRevenuesLessExpensesAmt063991
IRS990/PYSalariesCompEmpBnftPaidAmt02836260
IRS990/PYTotalExpensesAmt03720059
IRS990/PYTotalRevenueAmt03784050
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-12756
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt027105
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0153693
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0180798
IRS990ScheduleD/ExpensesSubtotalAmt04013863
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015891
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05475
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt021366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt04001107
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042996
IRS990ScheduleD/TotalExpensesPerForm990Amt04013863
IRS990ScheduleD/TotalRevenuePerForm990Amt04001107
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04001107
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04013863
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0North Carolina charter schools are funded by the State and Local Governments. The School also receives various federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0181136
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kurt Pusch
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Head of School
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0181136
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Prestige Charter Solutions - accounting and business management
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The executive director reviews the 990 and presents to the board of directors for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Executive directors compensation is approved by the board and is based on comparability data and performance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Officers do not receive compensation. Key employees salaries are based on the state salary scale.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Summit Charter School Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562039872
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Support
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012D
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 2493
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Cashiers
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028717
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0484725
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Summit Charter School Foundation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$270,184
Liabilities
$127,856
Net assets
$142,328
Revenue
$4,001,107
Expenses
$4,013,863
Net income
-$12,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.42$0.18$0.24$4.60$4.53$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.76$0.59$0.17$4.24$4.22$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.27$0.13$0.14$4.00$4.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.21$0.05$0.16$3.78$3.72$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.16$0.09$3.51$3.24$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.33$0.51$0.18$2.69$2.95$0.26
2019Summary only. Only limited summary data is available for this year.$0.15$0.07$0.09$2.72$2.78$0.06
2018Summary only. Only limited summary data is available for this year.$0.18$0.03$0.15$2.45$2.38$0.07
2017Summary only. Only limited summary data is available for this year.$0.08$0.01$0.08$2.29$2.28$0.01
2016Summary only. Only limited summary data is available for this year.$0.08$0.01$0.07$1.95$1.96$0.01
2015Summary only. Only limited summary data is available for this year.$0.10$0.02$0.09$1.91$1.89$0.02
2014Summary only. Only limited summary data is available for this year.$0.08$0.01$0.07$1.85$1.92$0.07
2013Summary only. Only limited summary data is available for this year.$0.15$0.01$0.14$1.84$1.80$0.03
2012Summary only. Only limited summary data is available for this year.$0.12$0.01$0.10$1.81$1.85$0.04
2011Summary only. Only limited summary data is available for this year.$0.15$0.01$0.14$1.71$1.73$0.02