Civic Intelligence

Central Texas Summit Christian

EIN 74-2615140 • 501(c)3 • Cedar Park, TX

Profile

Partners with families by providing quality academics, christian service education, and biblically integrated character development in order to equip students to impact their world.

2121 Cypress Creek RdCedar Park, TX 78613

www.summiteagles.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.38x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.44x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

35th percentile

-1.7%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

0.3%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,725,895

Up $12,053 (+0.3%) from 2023

Liabilities

Up

$1,802,573

Up $80,486 (+4.7%) from 2023

Net Assets

Down

$2,923,322

Down $68,433 (-2.3%) from 2023

Revenue

Up

$4,119,745

Up $470,124 (+13%) from 2023

Expenses

Up

$4,188,178

Up $287,187 (+7.4%) from 2023

Net Income

Up

-$68,433

Up $182,937 (+73%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,535,459Liabilities 2011: $2,547,983Net Assets 2011: $4,987,4762011Assets 2012: $7,272,468Liabilities 2012: $2,556,440Net Assets 2012: $4,716,0282012Assets 2013: $4,941,246Liabilities 2013: $634,267Net Assets 2013: $4,306,9792013Assets 2014: $4,467,792Liabilities 2014: $857,594Net Assets 2014: $3,610,1982014Assets 2015: $4,714,605Liabilities 2015: $1,249,501Net Assets 2015: $3,465,1042015Assets 2016: $4,798,032Liabilities 2016: $1,497,601Net Assets 2016: $3,300,4312016Assets 2017: $4,554,488Liabilities 2017: $1,443,861Net Assets 2017: $3,110,6272017Assets 2018: $4,364,969Liabilities 2018: $1,415,093Net Assets 2018: $2,949,8762018Assets 2019: $4,201,730Liabilities 2019: $1,390,804Net Assets 2019: $2,810,9262019Assets 2020: $4,491,040Liabilities 2020: $1,812,773Net Assets 2020: $2,678,2672020Assets 2021: $4,731,657Liabilities 2021: $1,917,700Net Assets 2021: $2,813,9572021Assets 2022: $4,869,620Liabilities 2022: $1,604,537Net Assets 2022: $3,265,0832022Assets 2023: $4,713,842Liabilities 2023: $1,722,087Net Assets 2023: $2,991,7552023Assets 2024: $4,725,895Liabilities 2024: $1,802,573Net Assets 2024: $2,923,3222024

Highlighted filing

2024

Assets$4,725,895
Liabilities$1,802,573
Net Assets$2,923,322

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,300,982Expenses 2011: $3,588,446Net Income 2011: -$287,4642011Revenue 2012: $3,363,908Expenses 2012: $3,635,356Net Income 2012: -$271,4482012Revenue 2013: $3,336,390Expenses 2013: $3,745,439Net Income 2013: -$409,0492013Revenue 2014: $2,984,000Expenses 2014: $3,680,781Net Income 2014: -$696,7812014Revenue 2015: $3,470,429Expenses 2015: $3,615,523Net Income 2015: -$145,0942015Revenue 2016: $3,879,002Expenses 2016: $4,009,895Net Income 2016: -$130,8932016Revenue 2017: $3,556,366Expenses 2017: $3,746,170Net Income 2017: -$189,8042017Revenue 2018: $3,375,969Expenses 2018: $3,536,720Net Income 2018: -$160,7512018Revenue 2019: $3,228,891Expenses 2019: $3,367,841Net Income 2019: -$138,9502019Revenue 2020: $3,130,736Expenses 2020: $3,257,452Net Income 2020: -$126,7162020Revenue 2021: $3,450,711Expenses 2021: $3,315,021Net Income 2021: $135,6902021Revenue 2022: $4,232,536Expenses 2022: $3,781,410Net Income 2022: $451,1262022Revenue 2023: $3,649,621Expenses 2023: $3,900,991Net Income 2023: -$251,3702023Revenue 2024: $4,119,745Expenses 2024: $4,188,178Net Income 2024: -$68,4332024

Highlighted filing

2024

Revenue$4,119,745
Expenses$4,188,178
Net Income-$68,433

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.73$1.80$2.92$4.12$4.19$0.07
2023Detailed filing. Detailed filing data is available for this year.$4.71$1.72$2.99$3.65$3.90$0.25
2022Detailed filing. Detailed filing data is available for this year.$4.87$1.60$3.27$4.23$3.78$0.45
2021Detailed filing. Detailed filing data is available for this year.$4.73$1.92$2.81$3.45$3.32$0.14
2020Detailed filing. Detailed filing data is available for this year.$4.49$1.81$2.68$3.13$3.26$0.13
2019Detailed filing. Detailed filing data is available for this year.$4.20$1.39$2.81$3.23$3.37$0.14
2018Detailed filing. Detailed filing data is available for this year.$4.36$1.42$2.95$3.38$3.54$0.16
2017Detailed filing. Detailed filing data is available for this year.$4.55$1.44$3.11$3.56$3.75$0.19
2016Detailed filing. Detailed filing data is available for this year.$4.80$1.50$3.30$3.88$4.01$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.71$1.25$3.47$3.47$3.62$0.15
2014Detailed filing. Detailed filing data is available for this year.$4.47$0.86$3.61$2.98$3.68$0.70
2013Summary only. Only limited summary data is available for this year.$4.94$0.63$4.31$3.34$3.75$0.41
2012Summary only. Only limited summary data is available for this year.$7.27$2.56$4.72$3.36$3.64$0.27
2011Summary only. Only limited summary data is available for this year.$7.54$2.55$4.99$3.30$3.59$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 16, 2025
Return Version
2023v6.0
Gross Receipts
$4,133,106
Mission and Program Overview

Mission

Partners with families by providing quality academics, christian service education, and biblically integrated character development in order to equip students to impact their world.

Provide quality academics & christian service education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,899,059$3,907,068▲ $8,009
Savings and Temporary Cash Investments$680,609$563,141▼ $117,468
Cash and Non-Interest-Bearing Accounts$86,151$172,673▲ $86,522
Prepaid Expenses and Deferred Charges$27,451$44,194▲ $16,743
Accounts Receivable$1,485$35,745▲ $34,260
Inventories for Sale or Use$376$376→ $0
Total Assets$4,713,842$4,725,895▲ $12,053
Other Assets Total$18,711$2,698▼ $16,013
Liabilities
Deferred Revenue$1,050,517$1,147,472▲ $96,955
Mortgage Notes Payable Secured by Investment Property$630,910$589,691▼ $41,219
Accounts Payable and Accrued Expenses$21,949$62,712▲ $40,763
Other Liabilities$18,711$2,698▼ $16,013
Total Liabilities$1,722,087$1,802,573▲ $80,486
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,965,205$2,921,022▼ $44,183
Net Assets With Donor Restrictions$26,550$2,300▼ $24,250
Total Net Assets Fund Balance$2,991,755$2,923,322▼ $68,433
Total Liabilities and Net Assets / Fund Balance$4,713,842$4,725,895▲ $12,053

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,114,498$2,040,811$4,155,309
Other Land Buildings$275,489$1,503,394$1,778,883
Land$1,517,081-$1,517,081
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott Mac LeodHeadmasterFT$137,500-$137,500
Jennifer KelseyBus. Mngr.FT$68,782$1,750$70,532

Board Members and Trustees

NameTitle
Gary KidwellPresident
Marispy FitzpatrickDirector
Sara ReedDirector
Vance FaulksDirector
Corey Martin JrSecretary
Rosalynn SmithVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$251,799
Program Service Revenue
$3,769,334
Investment Income
$9,671
Other Revenue
$88,941
All Other Contributions
$228,353
Change in Net Assets
$-68,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,730,560
Other Expenses$1,295,721
Grants and Similar Amounts Paid$161,897
Total Fundraising Expense$33,451
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,788,156$424,448$22,062$2,234,666
Current Officers, Directors, Trustees, and Key Employees$176,347$41,877$2,176$220,400
Depreciation Depletion$154,380$36,665$1,930$192,975
Occupancy$153,708$35,709$1,858$191,275
Payroll Taxes$149,436$35,824$1,867$187,127
Grants to Domestic Individuals$161,897--$161,897
Office Expenses$86,709$55,816$1,021$143,546
Insurance$91,117$21,844$1,138$114,099
Other Employee Benefits$60,434$14,679$754$75,867
Information Technology-$64,685-$64,685
Interest$26,784$6,421$335$33,540
Fees for Services Accounting-$30,658-$30,658
Advertising$14,820$3,520$185$18,525
All Other Expenses$12,835--$12,835
Pension Plan Contributions$9,982$2,393$125$12,500
Other Expenses$1,638$9,950-$11,588
Travel$6,715--$6,715
Fees for Services Other$5,162--$5,162
Total Functional Expenses$3,368,926$785,801$33,451$4,188,178
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,361
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ptf$16,166-$13,361-
Dollar Casual F$7,230---
Total Events$23,396-$13,361$-13,361
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Amy KidwellFamily of BodCompensationNo$40,500
Stacy FaulksFamily of BodCompensationNo$40,500
Amy Mac LeodFamily of HmCompensationNo$10,371
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$2,698
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has four classes of members: associate, junior board, full board members, and honorary. Associate members are employees and/or any individuals who have agreed to pay the tuition of one or more students. Jr. Board members are individuals whose application was approved for membership by the board of directors and whose membership is in good standing. Honorary members are elected to membership by distinguishing themselves with meritorious service in the furtherance of the school's ideals. All membership is approved by the board.

Form 990, Page 6, Part VI, Line 7A

The board of directors is selected from the junior board members of the school by the board of directors. Election for vacant positions on the board is held annually.

Form 990, Page 6, Part VI, Line 7B

Jr. Board members may vote on the final budget and other matters brought up at the semi-annual and special meetings of the school.

Form 990, Page 6, Part VI, Line 11B

The tax return was reviewed by the business manager and president with the preparing cpa. The tax return was then sent to the board of directors prior to being filed with the internal revenue service.

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

The policy outlines the proper steps to be taken by a board member wanting to render goods/services for the school to ensure that pricing is fair and in the best interest of the school. Situations where there might be a conflict are to be submitted to the entire board in writing, reviewed, and voted upon.

Form 990, Page 6, Part VI, Line 15A

Compensation of all employees, with the exception of the school headmaster, is modified from time to time by the school headmaster to be consistent with the school's budget. The headmaster's compensation is reviewed at least annually by the board of directors and set accordingly. Board members of the school are not compensated, although the school may pay reasonable compensation for service rendered.

Form 990, Page 6, Part VI, Line 19

The school's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Central Texas Summit Christian
EIN
74-2615140
Phone
5122501369
Address
2121 CYPRESS CREEK RD, CEDAR PARK, TX 78613
Doing Business As
Summit Christian Academy

Signing Officer

Name
Gary Kidwell
Title
President
Phone
5122501369
Signed
2025-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Kidwell
Formed
2003
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
4
Employees
73
Volunteers
75

Preparer

Firm
Reynolds & Franke Pc
Address
6836 AUSTIN CENTER BLVD STE 190, AUSTIN, TX 78731
Preparer
Ronald H Reynolds CPA
Phone
5122063141
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The most significant tax positions of the academy are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business income tax (ubit). Management has determined that the academy had no activity subject to ubit during the fiscal year ended july 31, 2024. All significant tax positions have been considered by management and it has determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities.

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IRS990/MissionDesc0PARTNERS WITH FAMILIES BY PROVIDING QUALITY ACADEMICS, CHRISTIAN SERVICE EDUCATION, AND BIBLICALLY INTEGRATED CHARACTER DEVELOPMENT IN ORDER TO EQUIP STUDENTS TO IMPACT THEIR WORLD.
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IRS990/OtherExpensesGrp/Desc1CAFETERIA
IRS990/OtherExpensesGrp/Desc2CURRICULUM
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt1105710
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/FundraisingAmt01867
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0125
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IRS990/RelatedEntityInd0false
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01517081
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01517081
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0275489
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01503394
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01778883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MOST SIGNIFICANT TAX POSITIONS OF THE ACADEMY ARE ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAD NO ACTIVITY SUBJECT TO UBIT DURING THE FISCAL YEAR ENDED JULY 31, 2024. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalLiabilityAmt02698
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLISHES NONDISCRIMINATORY POLICY IN CATALOGUES, BROCHURES, AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0161897
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PARENTS APPLY FOR FINANCIAL AID UTILIZING A THIRD PARTY AND A FAMILY FINANCIAL NEEDS ASSESSMENT, THAT DETERMINES THE AMOUNT OF FINANCIAL AID FOR WHICH EACH FAMILY QUALIFIES. THE SCHOOL THEN ALLOCATES THE POOL OF TUITION ASSISTANCE MONEY TO THE FINANCIAL AID RECIPIENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0AMY KIDWELL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1STACY FAULKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2AMY MAC LEOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY OF BOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FAMILY OF BOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2FAMILY OF HM
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false

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