Civic Intelligence

Summit Ranch Inc

EIN 81-0538434 • 501(c)3 • Kila, MT

Profile

On an educational and therapeutic level, the school strives for excellence with advanced college preparatory academics, along with caring and effective professional therapy.

PO Box 508Kila, MT 59920

summitprepschool.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

6th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

801%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $18,956 (-100%) from 2021

Liabilities

Down

$0

Down $19,848,728 (-100%) from 2021

Net Assets

Up

$0

Up $19,829,772 (+100%) from 2021

Revenue

Up

$13,396,850

Up $11,910,755 (+801%) from 2021

Expenses

Down

$7,000

Down $474,265 (-99%) from 2021

Net Income

Up

$13,389,850

Up $12,385,020 (+1233%) from 2021

Trend Graphs

Balance Sheet Trend

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

$40M$20M$0-$20M-$40MAssets 2010: $10,631,294Liabilities 2010: $29,119,408Net Assets 2010: -$18,488,1142010Assets 2011: $10,558,651Liabilities 2011: $31,609,763Net Assets 2011: -$21,051,1122011Assets 2012: $10,479,301Liabilities 2012: $32,180,044Net Assets 2012: -$21,700,7432012Assets 2013: $10,593,713Liabilities 2013: $33,236,939Net Assets 2013: -$22,643,2262013Assets 2014: $10,061,933Liabilities 2014: $33,709,303Net Assets 2014: -$23,647,3702014Assets 2015: $9,527,260Liabilities 2015: $33,758,697Net Assets 2015: -$24,231,4372015Assets 2016: $10,165,692Liabilities 2016: $33,502,013Net Assets 2016: -$23,336,3212016Assets 2017: $9,579,218Liabilities 2017: $33,306,007Net Assets 2017: -$23,726,7892017Assets 2018: $9,908,465Liabilities 2018: $32,951,126Net Assets 2018: -$23,042,6612018Assets 2019: $9,764,025Liabilities 2019: $34,188,661Net Assets 2019: -$24,424,6362019Assets 2020: $8,131,497Liabilities 2020: $35,001,901Net Assets 2020: -$26,870,4042020Assets 2021: $18,956Liabilities 2021: $19,848,728Net Assets 2021: -$19,829,7722021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,526,0342010Expenses 2011: $6,140,3432011Expenses 2012: $6,031,5162012Revenue 2013: $5,141,691Expenses 2013: $6,084,174Net Income 2013: -$942,4832013Revenue 2014: $5,239,308Expenses 2014: $6,243,452Net Income 2014: -$1,004,1442014Revenue 2015: $5,888,200Expenses 2015: $6,555,651Net Income 2015: -$667,4512015Revenue 2016: $7,429,549Expenses 2016: $6,534,433Net Income 2016: $895,1162016Revenue 2017: $5,441,236Expenses 2017: $5,831,704Net Income 2017: -$390,4682017Revenue 2018: $6,508,724Expenses 2018: $5,824,596Net Income 2018: $684,1282018Revenue 2019: $4,587,154Expenses 2019: $5,969,129Net Income 2019: -$1,381,9752019Revenue 2020: $860,044Expenses 2020: $3,305,812Net Income 2020: -$2,445,7682020Revenue 2021: $1,486,095Expenses 2021: $481,265Net Income 2021: $1,004,8302021Revenue 2022: $13,396,850Expenses 2022: $7,000Net Income 2022: $13,389,8502022

Highlighted filing

2022

Revenue$13,396,850
Expenses$7,000
Net Income$13,389,850

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$13.4$0.01$13.4
2021Detailed filing. Detailed filing data is available for this year.$0.02$19.8$19.8$1.49$0.48$1.00
2020Detailed filing. Detailed filing data is available for this year.$8.13$35.0$26.9$0.86$3.31$2.45
2019Detailed filing. Detailed filing data is available for this year.$9.76$34.2$24.4$4.59$5.97$1.38
2018Detailed filing. Detailed filing data is available for this year.$9.91$33.0$23.0$6.51$5.82$0.68
2017Detailed filing. Detailed filing data is available for this year.$9.58$33.3$23.7$5.44$5.83$0.39
2016Detailed filing. Detailed filing data is available for this year.$10.2$33.5$23.3$7.43$6.53$0.90
2015Detailed filing. Detailed filing data is available for this year.$9.53$33.8$24.2$5.89$6.56$0.67
2014Detailed filing. Detailed filing data is available for this year.$10.1$33.7$23.6$5.24$6.24$1.00
2013Detailed filing. Detailed filing data is available for this year.$10.6$33.2$22.6$5.14$6.08$0.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$32.2$21.7$6.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$31.6$21.1$6.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$29.1$18.5$5.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 15, 2023
Return Version
2022v5.0
Gross Receipts
$13,396,850
Mission and Program Overview

Mission

On an educational and therapeutic level, the school strives for excellence with advanced college preparatory academics, along with caring and effective professional therapy.

Summit Preparatory school is a non profit, college preparatory therapeutic boarding school

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$19,848,728$0▼ $19,848,728
Cash and Non-Interest-Bearing Accounts$18,956$0▼ $18,956
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$18,956$0▼ $18,956
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$19,848,728$0▼ $19,848,728
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-19,829,772$0▲ $19,829,772
Total Net Assets Fund Balance$-19,829,772$0▲ $19,829,772
Total Liabilities and Net Assets / Fund Balance$18,956$0▼ $18,956
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alexander HabibPresident
James PfenningerDirector
Jeff BorensteinDirector
Katharine HendersonDirector
Photeine AnagnostopulosDirector
Susan HillDirector
Todd FiskeExecutive Director
Mark HostetterSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,396,850
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$13,396,850
Change in Net Assets
$13,389,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$0$5,000$0$5,000
Fees for Services Accounting$0$1,000$0$1,000
Fees for Services Legal$0$1,000$0$1,000
Total Functional Expenses$0$7,000$0$7,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$19,848,728$0▼ $19,848,728
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No

Governance Explanations

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

Draft 990 was approved by the Executive Committee and distributed to all Directors before filing.

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

Annual training and annual certifications of compliance were done by all Directors and Officers.

Form 990, Part VI, Section B, Line 15

COmpensation of top management was reviewed annually by Executive Committee in light of comparables. However no compensation was paid in 2022 because of dissolution.

Form 990, Part VI, Section C, Line 19

Yes

Filing and Contact Details

Filer

Filer Name
Summit Ranch Inc
EIN
81-0538434
Phone
4062722040
Address
PO Box 508, Kila, MT 59920
Doing Business As
Summit Preparatory School

Signing Officer

Name
Lisa Mey
Title
Business office manager
Phone
4062722040
Signed
2023-04-15

Organization Details

Principal Officer
Lisa Mey
Formed
2003
Legal Domicile
Mt
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The business has completely closed and liquidated all assets and terminated the business corporation as of 12/31/2022

Form 990, Part XI, Line 9

Write-off of liabilities upon dissolution.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Annual training and annual certifications of compliance were done by all Directors and Officers.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Yellowstone Christian Bible College
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-12-31
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0All assets were liquidated in 2021 and reported on the 2021 990

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