Civic Intelligence

Summit Charter School Foundation Inc.

990 • Fiscal year 2023 • EIN 56-2039872

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

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

46th percentile

0.29x

Higher debt load relative to assets than 46% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

1.38x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Asset Growth

89th percentile

81%

Faster asset growth than 89% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

336%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$19,481,904

Up $8,738,429 (+81%) from 2022

Net Assets

Up

$13,757,415

Up $3,016,339 (+28%) from 2022

Liabilities

Up

$5,724,489

Up $5,722,090 (+238520%) from 2022

Revenue

Up

$4,145,327

Up $3,193,892 (+336%) from 2022

Expenses

Up

$1,149,750

Up $130,538 (+13%) from 2022

Net Income

Up

$2,995,577

Up $3,063,354 (+4520%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$19,481,904
Liabilities$5,724,489
Net Assets$13,757,415

Operations Trend

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

2023

Revenue$4,145,327
Expenses$1,149,750
Net Income$2,995,577
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$4,597,521
Mission and Program Overview

Mission

Support organization-school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,797,403$15,573,180▲ $5,775,777
Cash and Non-Interest-Bearing Accounts$297,431$1,902,224▲ $1,604,793
Pledges and Grants Receivable-$1,055,000-
Investments in Publicly Traded Securities$427,440$753,744▲ $326,304
Savings and Temporary Cash Investments$216,470$184,741▼ $31,729
Accounts Receivable$4,730$13,015▲ $8,285
Total Assets$10,743,474$19,481,904▲ $8,738,430
Liabilities
Accounts Payable and Accrued Expenses$2,399$5,724,489▲ $5,722,090
Total Liabilities$2,399$5,724,489▲ $5,722,090
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,718,075$10,694,111▼ $23,964
Net Assets With Donor Restrictions$23,000$3,063,304▲ $3,040,304
Total Net Assets Fund Balance$10,741,075$13,757,415▲ $3,016,340
Total Liabilities and Net Assets / Fund Balance$10,743,474$19,481,904▲ $8,738,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,349,181$3,091,971$11,297,476
Land$987,910-$987,910
Other Land Buildings$228,929$183,115$412,044
Equipment$7,160$240,201$247,361
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennings SarahChair
Chapin SarahVice-Chair
Stewart DebiSecretary
Hunter RobTreasurer
Benitez JoniVoting member
Dunn DeniceVoting member
Foster PatchVoting member
Hudson AndrewVoting member
Kenfield MitchVoting member
Newsome BertVoting member
Placko RomanVoting member
Snoey CarrieVoting member

Highest Paid Contractors

ContractorServicesLocationCompensation
J Davis Construction IncConstruction109 Nunnally Road, Anderson, SC 29625$126,200
Sweetwater Builders IncConstructionPO Box 2488, Cashiers, NC 28717$121,808
Revenue and Support

Revenue Composition

Contributions and Grants
$4,148,002
Program Service Revenue
$0
Investment Income
$-6,189
Other Revenue
$3,514
All Other Contributions
$4,148,002
Change in Net Assets
$2,995,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$750,859
Other Expenses$398,891
Total Fundraising Expense$66,237
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$669,625--$669,625
Depreciation Depletion$297,757--$297,757
Grants to Domestic Individuals$81,234--$81,234
All Other Expenses$612$9,584-$10,196
Office Expenses-$555$9,288$9,843
Other Expenses-$1,822$5,859$7,681
Fees for Services Accounting-$6,774-$6,774
Fees for Services Other-$4,800-$4,800
Insurance$1,134$1,134-$2,268
Advertising-$155-$155
Fees for Services Management-$71-$71
Total Functional Expenses$1,050,362$33,151$66,237$1,149,750
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summit Charter SchoolCashiers, NC3Operations$669,625
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,264
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festival of Trees$3,264$3,264-$3,264
Total Events$3,264$3,264-$3,264
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
Yes
Audit committee
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
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, Part VI, Section B, 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, Part VI, Section B, line 12

Conflicts of interest policy and concerns are reviewed as they arise in ourboard of directors meetings. All concerns have been resolved.

Form 990, Part VI, Section C, 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
Rob Hunter
Title
Treasurer
Phone
8287439630
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Hunter
Formed
1997
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
746

Preparer

Firm
Prager Metis CPAs PLLC
Address
32 Orange Street, Asheville, NC 28801
Preparer
Crystal Goldsmith
Phone
8282813161
Raw XML AppendixShowing 400 of 481 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/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02399
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05724489
IRS990/AccountsReceivableGrp/BOYAmt04730
IRS990/AccountsReceivableGrp/EOYAmt013015
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Support Organization-School
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0155
IRS990/AdvertisingGrp/TotalAmt0155
IRS990/AllOtherContributionsAmt04148002
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09584
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0612
IRS990/AllOtherExpensesGrp/TotalAmt010196
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Murdock Solutions
IRS990/BooksInCareOfDetail/PhoneNum07064743661
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 488
IRS990/BooksInCareOfDetail/USAddress/CityNm0Glenville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028736
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0297431
IRS990/CashNonInterestBearingGrp/EOYAmt01902224
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0126200
IRS990/ContractorCompensationGrp/CompensationAmt1121808
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0109 Nunnally Road
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO Box 2488
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Anderson
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Cashiers
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0SC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd029625
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd128717
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0J Davis Construction Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Sweetwater Builders Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Construction
IRS990/ContractorCompensationGrp/ServicesDesc1Construction
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04148002
IRS990/CYGrantsAndSimilarPaidAmt0750859
IRS990/CYInvestmentIncomeAmt0-6189
IRS990/CYOtherExpensesAmt0398891
IRS990/CYOtherRevenueAmt03514
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt02995577
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01149750
IRS990/CYTotalFundraisingExpenseAmt066237
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04145327
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0297757
IRS990/DepreciationDepletionGrp/TotalAmt0297757
IRS990/Desc0Support for Charter School. The organization raised money to purchase the building, furnishings and equipment
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt023000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03063304
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01050362
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06774
IRS990/FeesForServicesAccountingGrp/TotalAmt06774
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt071
IRS990/FeesForServicesManagementGrp/TotalAmt071
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04800
IRS990/FeesForServicesOtherGrp/TotalAmt04800
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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/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/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/PersonNm0Jennings Sarah
IRS990/Form990PartVIISectionAGrp/PersonNm1Chapin Sarah
IRS990/Form990PartVIISectionAGrp/PersonNm2Hunter Rob
IRS990/Form990PartVIISectionAGrp/PersonNm3Stewart Debi
IRS990/Form990PartVIISectionAGrp/PersonNm4Benitez Joni
IRS990/Form990PartVIISectionAGrp/PersonNm5Dunn Denice
IRS990/Form990PartVIISectionAGrp/PersonNm6Foster Patch
IRS990/Form990PartVIISectionAGrp/PersonNm7Hudson Andrew
IRS990/Form990PartVIISectionAGrp/PersonNm8Kenfield Mitch
IRS990/Form990PartVIISectionAGrp/PersonNm9Newsome Bert
IRS990/Form990PartVIISectionAGrp/PersonNm10Placko Roman
IRS990/Form990PartVIISectionAGrp/PersonNm11Snoey Carrie
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/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/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Voting member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Voting member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Voting member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Voting member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Voting member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Voting member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Voting member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Voting member
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt03264
IRS990/GainOrLossGrp/OtherAmt0-70142
IRS990/GainOrLossGrp/SecuritiesAmt08117
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt0750859
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt081234
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt081234
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0669625
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0669625
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0390169
IRS990/GrossReceiptsAmt04597521
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01134
IRS990/InsuranceGrp/ProgramServicesAmt01134
IRS990/InsuranceGrp/TotalAmt02268
IRS990/InvestmentIncomeGrp/ExclusionAmt055836
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055836
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0427440
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0753744
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03515287
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09797403
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015573180
IRS990/LandBldgEquipCostOrOtherBssAmt019088467
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt070142
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0382052
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Support Organization-School
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010741075
IRS990/NetAssetsOrFundBalancesEOYAmt013757415
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-62025
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-62025
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt03264
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03264
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt020763
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010718075
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010694111
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt04500
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt09288
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0555
IRS990/OfficeExpensesGrp/TotalAmt09843
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Fundraising expense
IRS990/OtherExpensesGrp/Desc1Charitable donations
IRS990/OtherExpensesGrp/Desc2Repairs and maintenance
IRS990/OtherExpensesGrp/Desc3Printing and postage
IRS990/OtherExpensesGrp/FundraisingAmt041630
IRS990/OtherExpensesGrp/FundraisingAmt19460
IRS990/OtherExpensesGrp/FundraisingAmt25859
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08256
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11822
IRS990/OtherExpensesGrp/TotalAmt041630
IRS990/OtherExpensesGrp/TotalAmt19460
IRS990/OtherExpensesGrp/TotalAmt28256
IRS990/OtherExpensesGrp/TotalAmt37681
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other income
IRS990/OtherRevenueMiscGrp/ExclusionAmt0250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0250
IRS990/OtherRevenueTotalAmt0250
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01055000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Rob Hunter
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0771086
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0625413
IRS990/PYInvestmentIncomeAmt015219
IRS990/PYOtherExpensesAmt0393799
IRS990/PYOtherRevenueAmt0165130
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-67777
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01019212
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0951435
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02995577
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0216470
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0184741
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
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 - Explanation of Supported Organ
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2b:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0561993257
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0669625
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Summit Charter School Summit Charter School
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0669625
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt014349181
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03091971
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt06143676
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011297476
IRS990ScheduleD/EquipmentGrp/BookValueAmt07160
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0240201
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0247361
IRS990ScheduleD/LandGrp/BookValueAmt0987910
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0987910
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0228929
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0183115
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0412044
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015573180
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Festival of Trees
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt03264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt03264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt03264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt03264
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03264
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0Total contributions for this activity was 455,732. Amount is included on Schedule B as applicable and Page 9 of Form 990.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Line 2
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt081234
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/RecipientTable/CashGrantAmt0669625
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operations
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/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflicts of interest policy and concerns are reviewed as they arise in ourboard of directors meetings. All concerns have been resolved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, etc, available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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