Civic Intelligence

Summit Academy Inc.

990 • Fiscal year 2015 • EIN 84-1430606

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

PO Box 427Cottonwood, ID 83522

(208) 962-5650

Siviq Scores

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

Liabilities / Assets

59th percentile

0.09x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

58th percentile

0.07x

Higher debt load relative to revenue than 58% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$61,521

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

69th percentile

9.4%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

47%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$526,455

Up $45,341 (+9.4%) from 2014

Net Assets

Up

$480,167

Up $136,580 (+40%) from 2014

Liabilities

Down

$46,288

Down $91,239 (-66%) from 2014

Revenue

Up

$641,200

Up $204,279 (+47%) from 2014

Expenses

Up

$509,138

Up $60,270 (+13%) from 2014

Net Income

Up

$132,062

Up $144,009 (+1205%) from 2014

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 2011: $471,920Liabilities 2011: $19,911Net Assets 2011: $452,0092011Assets 2012: $459,867Liabilities 2012: $47,443Net Assets 2012: $412,4242012Assets 2013: $435,313Liabilities 2013: $79,779Net Assets 2013: $355,5342013Assets 2014: $481,114Liabilities 2014: $137,527Net Assets 2014: $343,5872014Assets 2015: $526,455Liabilities 2015: $46,288Net Assets 2015: $480,1672015Assets 2016: $417,105Liabilities 2016: $50,526Net Assets 2016: $366,5792016Assets 2017: $400,168Liabilities 2017: $99,301Net Assets 2017: $300,8672017Assets 2018: $352,733Liabilities 2018: $53,465Net Assets 2018: $299,2682018Assets 2019: $524,824Liabilities 2019: $11,618Net Assets 2019: $513,2062019Assets 2020: $637,564Liabilities 2020: $138,718Net Assets 2020: $498,8462020Assets 2021: $2,383,744Liabilities 2021: $446,724Net Assets 2021: $1,937,0202021Assets 2022: $8,241,882Liabilities 2022: $465,066Net Assets 2022: $7,776,8162022Assets 2023: $17,236,358Liabilities 2023: $505,510Net Assets 2023: $16,730,8482023Assets 2024: $17,481,201Liabilities 2024: $139,710Net Assets 2024: $17,341,4912024Assets 2025: $18,045,642Liabilities 2025: $52,725Net Assets 2025: $17,992,9172025

Highlighted filing

2015

Assets$526,455
Liabilities$46,288
Net Assets$480,167

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $369,4372011Expenses 2012: $380,5062012Revenue 2013: $345,785Expenses 2013: $396,684Net Income 2013: -$50,8992013Revenue 2014: $436,921Expenses 2014: $448,868Net Income 2014: -$11,9472014Revenue 2015: $641,200Expenses 2015: $509,138Net Income 2015: $132,0622015Revenue 2016: $394,312Expenses 2016: $507,900Net Income 2016: -$113,5882016Revenue 2017: $430,555Expenses 2017: $496,267Net Income 2017: -$65,7122017Revenue 2018: $573,381Expenses 2018: $574,980Net Income 2018: -$1,5992018Revenue 2019: $821,249Expenses 2019: $607,636Net Income 2019: $213,6132019Revenue 2020: $565,828Expenses 2020: $595,922Net Income 2020: -$30,0942020Revenue 2021: $2,118,546Expenses 2021: $681,775Net Income 2021: $1,436,7712021Revenue 2022: $6,753,629Expenses 2022: $911,694Net Income 2022: $5,841,9352022Revenue 2023: $8,102,273Expenses 2023: $922,237Net Income 2023: $7,180,0362023Revenue 2024: $1,897,954Expenses 2024: $984,770Net Income 2024: $913,1842024Revenue 2025: $1,363,854Expenses 2025: $1,324,284Net Income 2025: $39,5702025

Highlighted filing

2015

Revenue$641,200
Expenses$509,138
Net Income$132,062
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$713,239
Mission and Program Overview

Mission

Manage catholic nonprofit school for grades k-1 -- "to teach, to educate, to form"

Organize and manage catholic nonprofit school for grades k-12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$367,147$361,543▼ $5,604
Investments in Publicly Traded Securities-$103,441-
Cash and Non-Interest-Bearing Accounts$24,152$27,878▲ $3,726
Prepaid Expenses and Deferred Charges$45,554$21,854▼ $23,700
Savings and Temporary Cash Investments$42,311$10,792▼ $31,519
Accounts Receivable$1,950$947▼ $1,003
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$481,114$526,455▲ $45,341
Other Assets Total-$0-
Liabilities
Other Liabilities$101,001$36,387▼ $64,614
Unsecured Notes Loans Payable$23,836--
Accounts Payable and Accrued Expenses$12,690$9,901▼ $2,789
Total Liabilities$137,527$46,288▼ $91,239
Net Assets / Fund Balance
Unrestricted Net Assets$341,237$472,335▲ $131,098
Temporarily Rstr Net Assets$2,350$7,832▲ $5,482
Total Net Assets Fund Balance$343,587$480,167▲ $136,580
Total Liabilities and Net Assets / Fund Balance$481,114$526,455▲ $45,341

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$317,711$132,533$450,244
Equipment$237$62,445$62,682
Leasehold Improvements$23,595$2,099$25,694
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James W HickelPrincipalFT$61,521$61,521

Board Members and Trustees

NameTitle
Jim ChmelikPresident
Norm SonnenVice President
Patti WatsonDirector
Ned WatersSecretary
Ken StubbersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$365,557
Program Service Revenue
$155,014
Investment Income
$703
Other Revenue
$119,926
All Other Contributions
$365,557
Change in Net Assets
$132,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$353,031
Other Expenses$156,107
Total Fundraising Expense$49,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$262,635--$262,635
Current Officers, Directors, Trustees, and Key Employees$61,521--$61,521
Advertising--$49,365$49,365
Payroll Taxes$28,875--$28,875
Occupancy$21,994--$21,994
Depreciation Depletion$14,648--$14,648
Office Expenses$11,888--$11,888
Insurance$6,692--$6,692
Other Expenses$4,051--$4,051
Fees for Services Accounting-$3,239-$3,239
Fees for Services Other$1,645--$1,645
Interest$43--$43
Total Functional Expenses$456,534$3,239$49,365$509,138
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$140,360
Fundraising Direct Expenses$56,416
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mystery Night$87,268$87,268$3,109$84,159
Scrip Sales$34,511$34,511$36,384$-1,873
Total Events$140,360$140,360$56,416$83,944
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Fall Tuition$23,626
Presold Event Tickets$12,760
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Line 11B: Form 990 Review Process

Reviewed by board of directors prior to filing

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are made available when requested

Filing and Contact Details

Filer

Filer Name
Summit Academy Inc
EIN
84-1430606
Phone
2089625650
Address
PO BOX 427, COTTONWOOD, ID 83522

Signing Officer

Name
Ken Stubbers
Title
Treasurer
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Id
Voting Board Members
5
Independent Board Members
5
Employees
28

Preparer

Firm
Forsmann Accounting Service
Address
PO BOX 37, COTTONWOOD, ID 83522
Preparer
BRANDY L McELROY CPA
Phone
2089623161
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IRS990/PYSalariesCompEmpBnftPaidAmt0324589
IRS990/PYTotalExpensesAmt0448868
IRS990/PYTotalRevenueAmt0436921
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0132062
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042311
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010792
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0317711
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0132533
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0450244
IRS990ScheduleD/EquipmentGrp/BookValueAmt0237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062445
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062682
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023595
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02099
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025694
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID FALL TUITION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PRESOLD EVENT TICKETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0361543
IRS990ScheduleD/TotalLiabilityAmt036387
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt056416
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt017
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt017
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MYSTERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SCRIP SALES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01541
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt0165
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01706
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt087268
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt034511
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt018581
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0140360
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt087268
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt034511
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt018581
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0140360
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt083944
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt015200
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt015200
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt039493
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03109
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt036384
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY BOARD OF DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE WHEN REQUESTED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02350
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07832
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0481114
IRS990/TotalAssetsEOYAmt0526455
IRS990/TotalAssetsGrp/BOYAmt0481114
IRS990/TotalAssetsGrp/EOYAmt0526455
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0365557
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt049365
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03239
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0456534
IRS990/TotalFunctionalExpensesGrp/TotalAmt0509138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0137527
IRS990/TotalLiabilitiesEOYAmt046288
IRS990/TotalLiabilitiesGrp/BOYAmt0137527
IRS990/TotalLiabilitiesGrp/EOYAmt046288
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0343587
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0480167
IRS990/TotalProgramServiceExpensesAmt0456534
IRS990/TotalProgramServiceRevenueAmt0155014
IRS990/TotalReportableCompFromOrgAmt061521
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0191699
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0641200

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.0$0.05$18.0$1.36$1.32$0.04
2024Detailed filing. Detailed filing data is available for this year.$17.5$0.14$17.3$1.90$0.98$0.91
2023Detailed filing. Detailed filing data is available for this year.$17.2$0.51$16.7$8.10$0.92$7.18
2022Detailed filing. Detailed filing data is available for this year.$8.24$0.47$7.78$6.75$0.91$5.84
2021Detailed filing. Detailed filing data is available for this year.$2.38$0.45$1.94$2.12$0.68$1.44
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.14$0.50$0.57$0.60$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.51$0.82$0.61$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.30$0.57$0.57$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.10$0.30$0.43$0.50$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.05$0.37$0.39$0.51$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.05$0.48$0.64$0.51$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.14$0.34$0.44$0.45$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.08$0.36$0.35$0.40$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.05$0.41$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.02$0.45$0.37