Civic Intelligence

New Summit Academy

990 • Fiscal year 2023 • EIN 81-2978989

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 29, 2024

Organization Profilewww.newsummitcharter.org
7899 Lexington DriveColorado Springs, CO 80920

(719) 749-4010

Siviq Scores

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

Liabilities / Assets

98th percentile

1.65x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

1.14x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

24th percentile

-7.6%

Higher net margin than 24% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

68th percentile

$171,462

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

49th percentile

5.1%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

16%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$5,313,223

Up $259,694 (+5.1%) from 2022

Net Assets

Down

-$3,461,946

Down $581,585 (-20%) from 2022

Liabilities

Up

$8,775,169

Up $841,279 (+11%) from 2022

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin24th percentile

Revenue

Up

$7,673,089

Up $1,063,981 (+16%) from 2022

Expenses

Up

$8,254,674

Up $2,167,366 (+36%) from 2022

Net Income

Down

-$581,585

Down $1,103,385 (-211%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2016: $100Liabilities 2016: $02016Assets 2017: $2,200Liabilities 2017: $02017Assets 2018: $414,276Liabilities 2018: $286,477Net Assets 2018: $127,7992018Assets 2019: $5,889,060Liabilities 2019: $6,553,695Net Assets 2019: -$664,6352019Assets 2020: $6,946,041Liabilities 2020: $9,214,139Net Assets 2020: -$2,268,0982020Assets 2021: $6,687,305Liabilities 2021: $10,089,466Net Assets 2021: -$3,402,1612021Assets 2022: $5,053,529Liabilities 2022: $7,933,890Net Assets 2022: -$2,880,3612022Assets 2023: $5,313,223Liabilities 2023: $8,775,169Net Assets 2023: -$3,461,9462023Assets 2024: $6,606,058Liabilities 2024: $10,617,596Net Assets 2024: -$4,011,5382024Assets 2025: $6,584,906Liabilities 2025: $10,434,000Net Assets 2025: -$3,849,0942025

Highlighted filing

2023

Assets$5,313,223
Liabilities$8,775,169
Net Assets-$3,461,946
Open 2023 Filing

Operations Trend

Revenue Growth66th percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $100Expenses 2016: $0Net Income 2016: $1002016Revenue 2017: $2,283Expenses 2017: $183Net Income 2017: $2,1002017Revenue 2018: $641,449Expenses 2018: $515,850Net Income 2018: $125,5992018Revenue 2019: $4,743,610Expenses 2019: $5,536,044Net Income 2019: -$792,4342019Revenue 2020: $5,554,980Expenses 2020: $7,158,443Net Income 2020: -$1,603,4632020Revenue 2021: $6,238,934Expenses 2021: $7,130,584Net Income 2021: -$891,6502021Revenue 2022: $6,609,108Expenses 2022: $6,087,308Net Income 2022: $521,8002022Revenue 2023: $7,673,089Expenses 2023: $8,254,674Net Income 2023: -$581,5852023Revenue 2024: $8,271,163Expenses 2024: $8,820,755Net Income 2024: -$549,5922024Revenue 2025: $9,892,952Expenses 2025: $9,397,765Net Income 2025: $495,1872025

Highlighted filing

2023

Revenue$7,673,089
Expenses$8,254,674
Net Income-$581,585
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 29, 2024
Return Version
2022v5.0
Gross Receipts
$7,673,089
Mission and Program Overview

Mission

To build a safe and educational community that emphasizes a love of learning, and inspires and empowers students to reach New Summits.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,996,585$2,700,127▲ $703,542
Cash and Non-Interest-Bearing Accounts$100,984$364,122▲ $263,138
Land, Buildings, and Equipment, Net$233,599$168,124▼ $65,475
Pledges and Grants Receivable$245,997$33,304▼ $212,693
Accounts Receivable$17,412$2,639▼ $14,773
Total Assets$5,053,529$5,313,223▲ $259,694
Other Assets Total$2,458,952$2,044,907▼ $414,045
Liabilities
Other Liabilities$7,351,853$8,040,296▲ $688,443
Accounts Payable and Accrued Expenses$571,648$730,067▲ $158,419
Mortgage Notes Payable Secured by Investment Property$10,389$4,806▼ $5,583
Total Liabilities$7,933,890$8,775,169▲ $841,279
Net Assets / Fund Balance
Net Assets With Donor Restrictions$192,000$230,000▲ $38,000
Net Assets Without Donor Restrictions$-3,072,361$-3,691,946▼ $619,585
Total Net Assets Fund Balance$-2,880,361$-3,461,946▼ $581,585
Total Liabilities and Net Assets / Fund Balance$5,053,529$5,313,223▲ $259,694

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$61,342$221,666$283,008
Buildings$106,782$34,683$141,465
Other Assets Org$172,627--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim McclellandExecutive DirectorFT$133,195$38,267$171,462

Board Members and Trustees

NameTitle
Eric DavisBoard Chair
Benjamin PartridgeDirector at large
Jessica GarciaDirector at large
Michelle RuehlDirector at large
Timmothy CaldwellDirector at large
Revenue and Support

Revenue Composition

Contributions and Grants
$768,969
Program Service Revenue
$6,734,601
Investment Income
$89,289
Other Revenue
$80,230
All Other Contributions
$29,335
Change in Net Assets
$-581,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,673,089
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$152,458
Total Revenue per Audited Statements
$7,825,547
Total Revenue per Form 990
$7,673,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,980,365
Other Expenses$2,274,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,340,695$1,003,155-$3,343,850
Pension Plan Contributions$1,412,656$605,424-$2,018,080
Occupancy$858,810$95,423-$954,233
Other Employee Benefits$270,758$116,039-$386,797
Current Officers, Directors, Trustees, and Key Employees$123,996$53,141-$177,137
Information Technology$138,782$15,420-$154,202
All Other Expenses$133,364$11,014-$144,378
Other Expenses$65,453$7,273-$72,726
Depreciation Depletion$45,833$19,643-$65,476
Payroll Taxes$38,151$16,350-$54,501
Fees for Services Other$27,999$3,111-$31,110
Advertising-$22,449-$22,449
Office Expenses-$19,385-$19,385
Fees for Services Legal-$18,234-$18,234
Insurance$11,087$4,751-$15,838
Travel$1,035$443-$1,478
Interest$291$125-$416
Total Functional Expenses$6,165,856$2,088,818$0$8,254,674

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,750,077
Total Expenses per Form 990$8,254,674
Expenses per Audited Statements$7,562,508
Expenses Not Reported on Form 990$1,187,569
Expenses Not Reported on Financial Statements$692,166
Other Expense Adjustments$692,166
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liabilities$7,337,814
Deferred pension inflows$364,534
Net OPEB Liabilities$249,924
Deferred OPEB Inflows$88,024
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed by the Finance Committee and made avaialble to the board before filing. The board is presented the 990 at a board meeting, which may occur after the return is filed.”

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

“The board and officers are required to disclose any potential conflicts of interest as defined by the School's policy and in accordance with District 20 policies. Any potential conflict is brought to the board for resolution and if a conflict is determined to exist the involved person is recused from the meeting and may not vote on the matter.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy and financial statements are available upon request. Certain information is available on the School's website in compliance with the Financial Transparency Act.”

Filing and Contact Details

Filer

Filer Name
New Summit Academy
EIN
81-2978989
Phone
7197494010
Address
7899 Lexington Drive, Colorado Springs, CO 80920

Signing Officer

Name
Maureen Hilborn
Title
Business Manager
Phone
7197494010
Signed
2024-01-29
Discuss with paid preparer
No

Organization Details

Principal Officer
Maureen Hilborn
Formed
2016
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
109
Volunteers
20

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1:

“To build a safe educational community that emphasizes a love of learning, and inspires and empowers students to reach New Summits.”

Form 990, Part XII, Line 2C:

“The finance committe oversees audit services and selection of independent auditors. This has not changed from the prior year.”

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Building Corporation Investment Income 152,458.”

Part XII, Line 2D - Other Adjustments:

“Building Corporation Interest Expense 903,784. Building Corporation Depreciation Expense 283,785.”

Part XII, Line 4B - Other Adjustments:

“Transfer out 692,166.”

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IRS990/ProgramServiceRevenueGrp/Desc2Student Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05688204
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1631395
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2415002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05688204
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1631395
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2415002
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0625995
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04245
IRS990/PYOtherExpensesAmt01610734
IRS990/PYOtherRevenueAmt080370
IRS990/PYProgramServiceRevenueAmt05898498
IRS990/PYRevenuesLessExpensesAmt0521800
IRS990/PYSalariesCompEmpBnftPaidAmt04476574
IRS990/PYTotalExpensesAmt06087308
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06609108
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-581585
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06814831
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01996585
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02700127
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0106782
IRS990ScheduleD/BuildingsGrp/DepreciationAmt034683
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0141465
IRS990ScheduleD/EquipmentGrp/BookValueAmt061342
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0221666
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0283008
IRS990ScheduleD/ExpensesNotReportedAmt01187569
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0692166
IRS990ScheduleD/ExpensesSubtotalAmt07562508
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01872280
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1172627
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred outflows 0 OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt01187569
IRS990ScheduleD/OtherExpensesNotIncludedAmt0692166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088024
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17337814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2249924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3364534
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred OPEB Inflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred pension inflows
IRS990ScheduleD/OtherRevenueAmt0152458
IRS990ScheduleD/RevenueNotReportedAmt0152458
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07673089
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Corporation Investment Income 152,458.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Building Corporation Interest Expense 903,784. Building Corporation Depreciation Expense 283,785.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Transfer out 692,166.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0168124
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02044907
IRS990ScheduleD/TotalExpensesPerForm990Amt08254674
IRS990ScheduleD/TotalLiabilityAmt08040296
IRS990ScheduleD/TotalRevenuePerForm990Amt07673089
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07825547
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08750077
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The nondiscriminatory policy is publicized in marketing communications and on the School's website to make it known to all parts of the general community it serves.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives PPR and grant funding from the Colorado Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0133195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt038267
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kim Mcclelland
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0171462
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To build a safe educational community that emphasizes a love of learning, and inspires and empowers students to reach New Summits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by the Finance Committee and made avaialble to the board before filing. The board is presented the 990 at a board meeting, which may occur after the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board and officers are required to disclose any potential conflicts of interest as defined by the School's policy and in accordance with District 20 policies. Any potential conflict is brought to the board for resolution and if a conflict is determined to exist the involved person is recused from the meeting and may not vote on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, conflict of interest policy and financial statements are available upon request. Certain information is available on the School's website in compliance with the Financial Transparency Act.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The finance committe oversees audit services and selection of independent auditors. This has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0New Summit Academy
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0842667272
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Rental of facilities and equipment
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0New Summit Charter Academy Building Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt019853930
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0844624
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt07899 Lexington Drive
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Colorado Springs
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd080920
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,313,223
Liabilities
$8,775,169
Net assets
-$3,461,946
Revenue
$7,673,089
Expenses
$8,254,674
Net income
-$581,585
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$10.4$3.85$9.89$9.40$0.50
2024Detailed filing. Detailed filing data is available for this year.$6.61$10.6$4.01$8.27$8.82$0.55
2023Detailed filing. Detailed filing data is available for this year.$5.31$8.78$3.46$7.67$8.25$0.58
2022Detailed filing. Detailed filing data is available for this year.$5.05$7.93$2.88$6.61$6.09$0.52
2021Summary only. Only limited summary data is available for this year.$6.69$10.1$3.40$6.24$7.13$0.89
2020Detailed filing. Detailed filing data is available for this year.$6.95$9.21$2.27$5.55$7.16$1.60
2019Detailed filing. Detailed filing data is available for this year.$5.89$6.55$0.66$4.74$5.54$0.79
2018Summary only. Only limited summary data is available for this year.$0.41$0.29$0.13$0.64$0.52$0.13
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00