Civic Intelligence

Summit Ranch Inc

990 • Fiscal year 2020 • EIN 81-0538434

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

Organization ProfileSUMMITPREPSCHOOL.ORG

View Organization Page

PO Box 508Kila, MT 59920

(406) 758-8116

Siviq Scores

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

Liabilities / Assets

100th percentile

4.30x

Higher debt load relative to assets than 100% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

40.70x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

1st percentile

-284%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$92,128

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

4th percentile

-17%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-81%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$8,131,497

Down $1,632,528 (-17%) from 2019

Net Assets

Down

-$26,870,404

Down $2,445,768 (-10%) from 2019

Liabilities

Up

$35,001,901

Up $813,240 (+2.4%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$860,044

Down $3,727,110 (-81%) from 2019

Expenses

Down

$3,305,812

Down $2,663,317 (-45%) from 2019

Net Income

Down

-$2,445,768

Down $1,063,793 (-77%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$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

2020

Assets$8,131,497
Liabilities$35,001,901
Net Assets-$26,870,404
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$860,044
Expenses$3,305,812
Net Income-$2,445,768
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.1
Gross Receipts
$875,362
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 providing a safe and effective solution for teens in crisis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$30,885,951$31,248,295▲ $362,344
Land, Buildings, and Equipment, Net$8,200,732$7,875,431▼ $325,301
Pledges and Grants Receivable$677,524--
Cash and Non-Interest-Bearing Accounts$746,990$128,951▼ $618,039
Accounts Receivable$93,400$100,592▲ $7,192
Savings and Temporary Cash Investments$19,019--
Prepaid Expenses and Deferred Charges$6,971$2,987▼ $3,984
Inventories for Sale or Use$1,391$2,039▲ $648
Total Assets$9,764,025$8,131,497▼ $1,632,528
Other Assets Total$17,998$21,497▲ $3,499
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,506,215$2,502,754▼ $3,461
Unsecured Notes Loans Payable-$654,307-
Deferred Revenue$383,819$344,475▼ $39,344
Accounts Payable and Accrued Expenses$412,676$252,070▼ $160,606
Total Liabilities$34,188,661$35,001,901▲ $813,240
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-24,424,636$-26,870,404▼ $2,445,768
Total Net Assets Fund Balance$-24,424,636$-26,870,404▼ $2,445,768
Total Liabilities and Net Assets / Fund Balance$9,764,025$8,131,497▼ $1,632,528

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,429,476$4,960,385$11,389,861
Land$1,346,685-$1,346,685
Other Land Buildings$66,952$322,288$389,240
Equipment$32,318$283,023$315,341
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd FiskeExecutive DirectorFT$89,513$2,615$92,128

Board Members and Trustees

NameTitle
Alexander HabibPresident
James PfenningerDirector
Jeff BorensteinDirector
Katharine HendersonDirector
Photeine AnagnostopoulosDirector
Susan HillDirector
Mark HostetterSecretary/ Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,172
Program Service Revenue
$781,941
Investment Income
$32,426
Other Revenue
$6,505
All Other Contributions
$29,172
Change in Net Assets
$-2,445,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,595,964
Other Expenses$1,589,775
Grants and Similar Amounts Paid$120,073
Total Fundraising Expense$6,169
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$958,755$263,483$2,662$1,224,900
Interest$857,635$17,503-$875,138
Depreciation Depletion$305,545$6,236-$311,781
Other Employee Benefits$180,778$3,727$1,864$186,369
Grants to Domestic Individuals$120,073--$120,073
Payroll Taxes$62,823$29,447$297$92,567
Fees for Services Other$41,553$50,584-$92,137
Current Officers, Directors, Trustees, and Key Employees-$91,207$921$92,128
Insurance$223$67,678-$67,901
Occupancy$49,568$1,012-$50,580
Office Expenses$37,298$4,736$425$42,459
Fees for Services Accounting-$27,798-$27,798
All Other Expenses$11,260$12,722-$23,982
Information Technology$18,202--$18,202
Other Expenses$16,852$11,577-$11,577
Travel$6,230--$6,230
Fees for Services Legal-$5,102-$5,102
Total Functional Expenses$2,692,246$607,397$6,169$3,305,812
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$30,885,951$31,248,295▲ $362,344
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 A, Line 2

“Officers mark hostetter and alexander habib are co-founders of the mark d. Hostetter & alexander n. Habib foundation.”

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

“The executive committee reviews all documents of this nature, including the 990.”

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

“The executive committee is charged with monitoring compliance with the conflict of interest policy and ensuring statements are filled out annually by the board of directors.”

Form 990, Part VI, Section B, Line 15

“There is an independent personnel sub-committee of the board of directors which is responsible for determining compensation for the executive director and key employees.”

Form 990, Part VI, Section C, Line 19

“Summit preparatory school makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Ranch Inc
EIN
81-0538434
Phone
4067588116
Address
PO BOX 508, KILA, MT 59920
Doing Business As
Summit Preparatory School

Signing Officer

Name
Lisa Mey
Title
Other Authorized Officer
Phone
4067588116
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Fiske
Formed
2003
Legal Domicile
Mt
Voting Board Members
7
Independent Board Members
7
Employees
83
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
101 EAST FRONT STREET 301, MISSOULA, MT 59802
Preparer
Philip L Yasenak CPA
Phone
4067281800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The organization permantely closed on june 30, 2020 and has started to wind down operations.”

Financial Statement Notes

PART III, LINE 4:

“The organization has a work of art that is used for public disply on the school grounds.”

Raw XML AppendixShowing 400 of 477 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.

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IRS990/ActivityOrMissionDesc0SUMMIT PREPARATORY SCHOOL IS A NON-PROFIT, COLLEGE PREPARATORY, THERAPEUTIC BOARDING SCHOOL PROVIDING A SAFE AND EFFECTIVE SOLUTION FOR TEENS IN CRISIS.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0186369
IRS990/OtherExpensesGrp/Desc0NUTRITION
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MINOR EQUIPMENT
IRS990/OtherExpensesGrp/Desc3PUBLIC RELATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01060
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1344
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt213181
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt311577
IRS990/OtherExpensesGrp/ProgramServicesAmt025451
IRS990/OtherExpensesGrp/ProgramServicesAmt116852
IRS990/OtherExpensesGrp/TotalAmt026511
IRS990/OtherExpensesGrp/TotalAmt117196
IRS990/OtherExpensesGrp/TotalAmt213181
IRS990/OtherExpensesGrp/TotalAmt311577
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0PRIVATELY PAID HEALTH
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06505
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06505
IRS990/OtherRevenueTotalAmt06505
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02662
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0263483
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0958755
IRS990/OtherSalariesAndWagesGrp/TotalAmt01224900
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0297
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029447
IRS990/PayrollTaxesGrp/ProgramServicesAmt062823
IRS990/PayrollTaxesGrp/TotalAmt092567
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0677524
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06971
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02987
IRS990/PrincipalOfficerNm0TODD FISKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT STORE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0773640
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18301
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0773640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18301
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0692787
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0287865
IRS990/PYInvestmentIncomeAmt02385
IRS990/PYOtherExpensesAmt02176210
IRS990/PYOtherRevenueAmt018018
IRS990/PYProgramServiceRevenueAmt03873964
IRS990/PYRevenuesLessExpensesAmt0-1381975
IRS990/PYSalariesCompEmpBnftPaidAmt03505054
IRS990/PYTotalExpensesAmt05969129
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04587154
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2445768
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0788446
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019019
IRS990ScheduleA/SchoolInd0X
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/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt041600
IRS990ScheduleD/BuildingsGrp/BookValueAmt06429476
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04960385
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011389861
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt032318
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0283023
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0315341
IRS990ScheduleD/LandGrp/BookValueAmt01346685
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01346685
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066952
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0322288
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0389240
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A WORK OF ART THAT IS USED FOR PUBLIC DISPLY ON THE SCHOOL GROUNDS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07875431
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATION POLICY IS ON APPLICATION FOR ADMISSIONS, WEBSITE & JOB APPLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0120073
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS & FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL SCHOLARSHIPS ARE IN THE FORM OF TUITION REDUCTIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt030653076
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1595219
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0MARK HOSTETTER & ALEX HABIB FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1MARK HOSTETTER & ALEX HABIB FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LINE OF CREDIT FOR OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SHORT-TERM LOAN FOR OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1407000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICERS M. HOSTETTER AND A. HABIB ARE TRUSTEES OF THE FOUNDATION.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1OFFICERS M. HOSTETTER AND A. HABIB ARE TRUSTEES OF THE FOUNDATION.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt031248295
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PERMANTELY CLOSED ON JUNE 30, 2020 AND HAS STARTED TO WIND DOWN OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS MARK HOSTETTER AND ALEXANDER HABIB ARE CO-FOUNDERS OF THE MARK D. HOSTETTER & ALEXANDER N. HABIB FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS ALL DOCUMENTS OF THIS NATURE, INCLUDING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE IS CHARGED WITH MONITORING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND ENSURING STATEMENTS ARE FILLED OUT ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE IS AN INDEPENDENT PERSONNEL SUB-COMMITTEE OF THE BOARD OF DIRECTORS WHICH IS RESPONSIBLE FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUMMIT PREPARATORY SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09764025

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,131,497
Liabilities
$35,001,901
Net assets
-$26,870,404
Revenue
$860,044
Expenses
$3,305,812
Net income
-$2,445,768
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