Civic Intelligence

Summit Charter School Foundation Inc.

990 • Fiscal year 2018 • EIN 56-2039872

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 19, 2019

Organization ProfileN/A
PO Box 2493Cashiers, NC 28717

(828) 743-9630

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Net Margin

97th percentile

70%

Higher net margin than 97% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

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

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-57%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$10,838,556

Up $1,460,713 (+16%) from 2017

Net Assets

Up

$10,838,556

Up $1,460,713 (+16%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin97th percentile

Revenue

Down

$2,013,340

Down $2,695,644 (-57%) from 2017

Expenses

Up

$594,495

Up $82,492 (+16%) from 2017

Net Income

Down

$1,418,845

Down $2,778,136 (-66%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $6,901,687Liabilities 2010: $2,401,927Net Assets 2010: $4,499,7602010Assets 2011: $6,769,041Liabilities 2011: $1,588,938Net Assets 2011: $5,180,1032011Assets 2012: $6,604,376Liabilities 2012: $1,453,296Net Assets 2012: $5,151,0802012Assets 2013: $6,513,034Liabilities 2013: $1,407,779Net Assets 2013: $5,105,2552013Assets 2014: $6,628,736Liabilities 2014: $1,431,249Net Assets 2014: $5,197,4872014Assets 2015: $6,483,097Liabilities 2015: $1,329,113Net Assets 2015: $5,153,9842015Assets 2016: $6,418,131Liabilities 2016: $1,274,176Net Assets 2016: $5,143,9552016Assets 2017: $9,377,843Liabilities 2017: $0Net Assets 2017: $9,377,8432017Assets 2018: $10,838,556Liabilities 2018: $0Net Assets 2018: $10,838,5562018Assets 2019: $11,074,301Liabilities 2019: $0Net Assets 2019: $11,074,3012019Assets 2020: $11,158,589Liabilities 2020: $0Net Assets 2020: $11,158,5892020Assets 2021: $10,882,277Liabilities 2021: $1,845Net Assets 2021: $10,880,4322021Assets 2022: $10,743,475Liabilities 2022: $2,399Net Assets 2022: $10,741,0762022Assets 2023: $19,481,904Liabilities 2023: $5,724,489Net Assets 2023: $13,757,4152023Assets 2024: $18,339,201Liabilities 2024: $1,534,570Net Assets 2024: $16,804,6312024

Highlighted filing

2018

Assets$10,838,556
Liabilities$0
Net Assets$10,838,556
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $573,3992010Revenue 2011: $1,606,225Expenses 2011: $569,517Net Income 2011: $1,036,7082011Expenses 2012: $554,1372012Revenue 2013: $479,005Expenses 2013: $524,830Net Income 2013: -$45,8252013Revenue 2014: $719,796Expenses 2014: $617,094Net Income 2014: $102,7022014Revenue 2015: $258,769Expenses 2015: $303,541Net Income 2015: -$44,7722015Revenue 2016: $590,482Expenses 2016: $608,433Net Income 2016: -$17,9512016Revenue 2017: $4,708,984Expenses 2017: $512,003Net Income 2017: $4,196,9812017Revenue 2018: $2,013,340Expenses 2018: $594,495Net Income 2018: $1,418,8452018Revenue 2019: $1,008,044Expenses 2019: $702,438Net Income 2019: $305,6062019Revenue 2020: $703,732Expenses 2020: $609,829Net Income 2020: $93,9032020Revenue 2021: $728,486Expenses 2021: $907,206Net Income 2021: -$178,7202021Revenue 2022: $951,435Expenses 2022: $1,019,212Net Income 2022: -$67,7772022Revenue 2023: $4,145,327Expenses 2023: $1,149,750Net Income 2023: $2,995,5772023Revenue 2024: $4,227,148Expenses 2024: $1,223,574Net Income 2024: $3,003,5742024

Highlighted filing

2018

Revenue$2,013,340
Expenses$594,495
Net Income$1,418,845
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 19, 2019
Return Version
2017v2.3
Gross Receipts
$3,016,692
Mission and Program Overview

Mission

Support organization-school

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,985,862$10,446,575▲ $1,460,713
Land, Buildings, and Equipment, Net$5,570,103$5,439,860▼ $130,243
Savings and Temporary Cash Investments$1,732,361$2,851,848▲ $1,119,487
Cash and Non-Interest-Bearing Accounts$2,027,782$1,715,752▼ $312,030
Cap Stk Tr Prin Current Funds$391,981$391,981→ $0
Total Assets$9,377,843$10,838,556▲ $1,460,713
Other Assets Total$47,597$831,096▲ $783,499
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,377,843$10,838,556▲ $1,460,713
Total Liabilities and Net Assets / Fund Balance$9,377,843$10,838,556▲ $1,460,713

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,188,265$1,959,931$6,148,196
Land$1,152,910-$1,152,910
Equipment$70,765$241,601$312,366
Other Land Buildings$27,920$110,733$138,653
Other Assets Org$831,096--
Compensation and Service Providers
Top Officer Pay18th percentile

Board Members and Trustees

NameTitle
Josh CrawfordChair
Andrew AngleVice-chair
Danny HowellNon-voting M
Debbie KenterNon-voting M
Edward ColeNon-voting M
Ken LucasNon-voting M
Marie StarkingsNon-voting M
Shannon HargroveNon-voting M
Lynne KeatingSecretary
Glen UbertinoTreasurer
Amy CorcellVoting Membe
Billy LeonardVoting Membe
Gerald JohnsonVoting Membe
John LehotskyVoting Membe
Judi GlaubigVoting Membe
Kay MillerVoting Membe
Linda QuickVoting Membe
Lisa LongVoting Membe
Sarah ChapinVoting Membe
Walter SeinsheimerVoting Membe

Highest Paid Contractors

ContractorServicesLocationCompensation
Bobbitt Design Build INCConstruction600 GERMANTOWN ROAD, Raleigh, NC 27607$637,696
Revenue and Support

Revenue Composition

Contributions and Grants
$1,808,238
Program Service Revenue
$0
Investment Income
$97,102
Other Revenue
$108,000
All Other Contributions
$1,808,188
Change in Net Assets
$1,418,845

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$1,002,850Fair Market Value (FMV)
Total Noncash Contributions1$1,002,850-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$368,000
Other Expenses$226,495
Total Fundraising Expense$6,850
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$368,000--$368,000
Depreciation Depletion$168,256--$168,256
Office Expenses-$8,798$191$8,989
Insurance$6,135$745-$6,880
Occupancy$4,537--$4,537
All Other Expenses$1,457$1,677-$3,134
Advertising--$2,389$2,389
Other Expenses-$1,995$4,270$1,995
Fees for Services Accounting-$1,200-$1,200
Total Functional Expenses$548,385$39,260$6,850$594,495
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summit Charter SchoolCashiers, NC3-$368,000
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
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
No
Other officer compensation reviewed
No
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

“Form 990 is initially drafted by a paid preparer based on the organization's financial data for the year. It is then reviewed by one or more officers and appropriately revised and completed prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Conflicts of interest policy and concerns are reviewed as they arise in our board of directors meetings. All concerns have been resolved.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, etc, available to the public”

Filing and Contact Details

Filer

Filer Name
Summit Charter School Foundation
EIN
56-2039872
Phone
8287439630
Address
PO BOX 2493, CASHIERS, NC 28717

Signing Officer

Name
Glen Ubertino
Title
Treasurer
Phone
8287439630
Signed
2019-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glen Ubertino
Formed
1997
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
125

Preparer

Firm
Goldsmith Molis & Gray Pllc
Address
32 ORANGE ST, ASHEVILLE, NC 28801-2914
Preparer
Crystal Z Goldsmith CPA
Phone
8282813161
Raw XML AppendixShowing 400 of 490 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/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SUPPORT ORGANIZATION-SCHOOL
IRS990/AdvertisingGrp/FundraisingAmt02389
IRS990/AdvertisingGrp/TotalAmt02389
IRS990/AllOtherContributionsAmt01808188
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01677
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01457
IRS990/AllOtherExpensesGrp/TotalAmt03134
IRS990/BooksInCareOfDetail/PersonNm0GLENN UBERTINO
IRS990/BooksInCareOfDetail/PhoneNum08285066418
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1605
IRS990/BooksInCareOfDetail/USAddress/CityNm0CASHIERS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028717
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0391981
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0391981
IRS990/CashNonInterestBearingGrp/BOYAmt02027782
IRS990/CashNonInterestBearingGrp/EOYAmt01715752
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0637696
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0600 GERMANTOWN ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RALEIGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027607
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0BOBBITT DESIGN BUILD INC
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/ContriRptFundraisingEventAmt050
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01808238
IRS990/CYGrantsAndSimilarPaidAmt0368000
IRS990/CYInvestmentIncomeAmt097102
IRS990/CYOtherExpensesAmt0226495
IRS990/CYOtherRevenueAmt0108000
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01418845
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0594495
IRS990/CYTotalFundraisingExpenseAmt06850
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02013340
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0168256
IRS990/DepreciationDepletionGrp/TotalAmt0168256
IRS990/Desc0SUPPORT FOR CHARTER SCHOOL. THE ORGANIZATION RAISED MONEY TO PURCHASE THE BUILDING, FURNISHINGS AND EQUIPMENT
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0548385
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01200
IRS990/FeesForServicesAccountingGrp/TotalAmt01200
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
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/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
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/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSH CRAWFORD
IRS990/Form990PartVIISectionAGrp/PersonNm1ANDREW ANGLE
IRS990/Form990PartVIISectionAGrp/PersonNm2GLEN UBERTINO
IRS990/Form990PartVIISectionAGrp/PersonNm3LYNNE KEATING
IRS990/Form990PartVIISectionAGrp/PersonNm4GERALD JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5LINDA QUICK
IRS990/Form990PartVIISectionAGrp/PersonNm6AMY CORCELL
IRS990/Form990PartVIISectionAGrp/PersonNm7LISA LONG
IRS990/Form990PartVIISectionAGrp/PersonNm8JUDI GLAUBIG
IRS990/Form990PartVIISectionAGrp/PersonNm9KAY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm10BILLY LEONARD
IRS990/Form990PartVIISectionAGrp/PersonNm11SARAH CHAPIN
IRS990/Form990PartVIISectionAGrp/PersonNm12WALTER SEINSHEIMER
IRS990/Form990PartVIISectionAGrp/PersonNm13JOHN LEHOTSKY
IRS990/Form990PartVIISectionAGrp/PersonNm14SHANNON HARGROVE
IRS990/Form990PartVIISectionAGrp/PersonNm15DANNY HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm16MARIE STARKINGS
IRS990/Form990PartVIISectionAGrp/PersonNm17DEBBIE KENTER
IRS990/Form990PartVIISectionAGrp/PersonNm18KEN LUCAS
IRS990/Form990PartVIISectionAGrp/PersonNm19EDWARD COLE
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/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt5VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt6VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt7VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt8VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt9VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt10VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt13VOTING MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt14NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt15NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt16NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt17NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt18NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt19NON-VOTING M
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt050
IRS990/GainOrLossGrp/SecuritiesAmt0-12201
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0368000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0368000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0368000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0991151
IRS990/GrossReceiptsAmt03016692
IRS990/GrossRentsGrp/RealAmt0108000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0745
IRS990/InsuranceGrp/ProgramServicesAmt06135
IRS990/InsuranceGrp/TotalAmt06880
IRS990/InvestmentIncomeGrp/ExclusionAmt0109303
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0109303
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02312265
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05570103
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05439860
IRS990/LandBldgEquipCostOrOtherBssAmt07752125
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01003352
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORT ORGANIZATION-SCHOOL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt09377843
IRS990/NetAssetsOrFundBalancesEOYAmt010838556
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-12201
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-12201
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0108000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0108000
IRS990/NetUnrlzdGainsLossesInvstAmt041868
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01002850
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt04537
IRS990/OccupancyGrp/TotalAmt04537
IRS990/OfficeExpensesGrp/FundraisingAmt0191
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08798
IRS990/OfficeExpensesGrp/TotalAmt08989
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt047597
IRS990/OtherAssetsTotalGrp/EOYAmt0831096
IRS990/OtherExpensesGrp/Desc0INVESTMENT FEES
IRS990/OtherExpensesGrp/Desc1FUNDRAISING
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3PROPERTY FEES
IRS990/OtherExpensesGrp/FundraisingAmt04270
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022835
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12010
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21995
IRS990/OtherExpensesGrp/TotalAmt022835
IRS990/OtherExpensesGrp/TotalAmt14270
IRS990/OtherExpensesGrp/TotalAmt22010
IRS990/OtherExpensesGrp/TotalAmt31995
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0GLEN UBERTINO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04585505
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0280000
IRS990/PYInvestmentIncomeAmt015280
IRS990/PYOtherExpensesAmt0232003
IRS990/PYOtherRevenueAmt0108199
IRS990/PYRevenuesLessExpensesAmt04196981
IRS990/PYTotalExpensesAmt0512003
IRS990/PYTotalRevenueAmt04708984
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01418845
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0108000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08985862
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010446575
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01732361
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02851848
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION PROVIDES THE FACILITY (BUILDING AND LAND) AND EQUIPMENT FOR SUMMIT CHARTER SCHOOL. IN ADDITION, THE ORGANIZATION PROVIDES MONETARY SUPPORT TO BE USED IN ENHANCING THE EDUCATION OF THE STUDENTS AT THE SUMMIT CHARTER SCHOOL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTED ORGANIZATION (SUMMIT CHARTER SCHOOL) WOULD NOT BE ABLE TO HAVE THE SCHOOL WITHOUT THE FACILITY AND EQUIPMENT THAT IS PROVIDED BY THE SUMMIT CHARTER SCHOOL FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0561993257
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0368000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SUMMIT CHARTER SCHOOL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0SUMMIT CHARTER SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0368000
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04188265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01959931
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06148196
IRS990ScheduleD/EquipmentGrp/BookValueAmt070765
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0241601
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0312366
IRS990ScheduleD/LandGrp/BookValueAmt01152910
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01152910
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0831096
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027920
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110733
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0138653
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05439860
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0831096
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0368000
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SUMMIT CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0561993257
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 2493
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CASHIERS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028717
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false

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
$10,838,556
Liabilities
$0
Net assets
$10,838,556
Revenue
$2,013,340
Expenses
$594,495
Net income
$1,418,845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.3$1.53$16.8$4.23$1.22$3.00
2023Detailed filing. Detailed filing data is available for this year.$19.5$5.72$13.8$4.15$1.15$3.00
2022Detailed filing. Detailed filing data is available for this year.$10.7$0.00$10.7$0.95$1.02$0.07
2021Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$0.73$0.91$0.18
2020Detailed filing. Detailed filing data is available for this year.$11.2$0.00$11.2$0.70$0.61$0.09
2019Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$1.01$0.70$0.31
2018Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$2.01$0.59$1.42
2017Detailed filing. Detailed filing data is available for this year.$9.38$0.00$9.38$4.71$0.51$4.20
2016Detailed filing. Detailed filing data is available for this year.$6.42$1.27$5.14$0.59$0.61$0.02
2015Summary only. Only limited summary data is available for this year.$6.48$1.33$5.15$0.26$0.30$0.04
2014Detailed filing. Detailed filing data is available for this year.$6.63$1.43$5.20$0.72$0.62$0.10
2013Detailed filing. Detailed filing data is available for this year.$6.51$1.41$5.11$0.48$0.52$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.60$1.45$5.15$0.55
2011Summary only. Only limited summary data is available for this year.$6.77$1.59$5.18$1.61$0.57$1.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$2.40$4.50$0.57