Civic Intelligence

Summit Academy Inc.

990 • Fiscal year 2018 • EIN 84-1430606

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 13, 2018

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

69th percentile

0.15x

Higher debt load relative to assets than 69% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.09x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

39th percentile

-0.3%

Higher net margin than 39% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$66,000

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

15th percentile

-12%

Faster asset growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$352,733

Down $47,435 (-12%) from 2017

Net Assets

Down

$299,268

Down $1,599 (-0.5%) from 2017

Liabilities

Down

$53,465

Down $45,836 (-46%) from 2017

Revenue

Up

$573,381

Up $142,826 (+33%) from 2017

Expenses

Up

$574,980

Up $78,713 (+16%) from 2017

Net Income

Up

-$1,599

Up $64,113 (+98%) from 2017

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

2018

Assets$352,733
Liabilities$53,465
Net Assets$299,268

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

2018

Revenue$573,381
Expenses$574,980
Net Income-$1,599
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.2
Gross Receipts
$684,168
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$338,108$323,845▼ $14,263
Loans From Officers Directors$41,000$26,000▼ $15,000
Cash and Non-Interest-Bearing Accounts$5,611$12,810▲ $7,199
Investments in Publicly Traded Securities$7,844$8,319▲ $475
Prepaid Expenses and Deferred Charges$41,117$3,929▼ $37,188
Savings and Temporary Cash Investments$7,488$3,829▼ $3,659
Accounts Receivable-$0-
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$400,168$352,733▼ $47,435
Other Assets Total-$1-
Liabilities
Deferred Revenue$51,409$14,587▼ $36,822
Accounts Payable and Accrued Expenses$6,892$8,343▲ $1,451
Other Liabilities-$4,535-
Total Liabilities$99,301$53,465▼ $45,836
Net Assets / Fund Balance
Unrestricted Net Assets$293,125$290,986▼ $2,139
Temporarily Rstr Net Assets$7,742$8,282▲ $540
Total Net Assets Fund Balance$300,867$299,268▼ $1,599
Total Liabilities and Net Assets / Fund Balance$400,168$352,733▼ $47,435

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$283,946$166,298$450,244
Equipment$1,749$64,577$66,326
Leasehold Improvements$18,150$7,544$25,694
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James W HickelPrincipalFT$66,000$66,000

Board Members and Trustees

NameTitle
Norm SonnenPresident
Eric WassmuthVice President
CHERIE SEUBERT-McDONOUGHDirector
Fr Paul WanderDirector
Alex FreiSecretary
Ken StubbersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$233,131
Program Service Revenue
$167,536
Investment Income
$541
Other Revenue
$172,173
All Other Contributions
$229,066
Change in Net Assets
$-1,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$423,142
Other Expenses$151,838
Total Fundraising Expense$17,030
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$325,938--$325,938
Current Officers, Directors, Trustees, and Key Employees$66,000--$66,000
Payroll Taxes$31,204--$31,204
Office Expenses$24,861--$24,861
Occupancy$22,564--$22,564
Depreciation Depletion$14,263--$14,263
All Other Expenses$12,828--$12,828
Other Expenses$8,511-$17,030$8,511
Insurance$8,197--$8,197
Travel$7,464--$7,464
Advertising$4,462--$4,462
Fees for Services Other$1,200--$1,200
Fees for Services Accounting$1,195--$1,195
Total Functional Expenses$557,950$0$17,030$574,980
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$237,725
Fundraising Direct Expenses$94,849
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mystery Night$130,670$126,605$5,745$120,860
Hot Rod Ticket Sales$54,690$54,690$41,107$13,583
Total Events$241,790$237,725$94,849$142,876
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$41,000$26,000▼ $15,000
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mystery Night Cash Prize Unpaid$4,535
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
Brandon Rehder
Title
Treasurer
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Id
Voting Board Members
6
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/PayrollTaxesGrp/ProgramServicesAmt031204
IRS990/PayrollTaxesGrp/TotalAmt031204
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041117
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03929
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, FEES & TEXT BK
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0167536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0167536
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0158230
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01171
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0119010
IRS990/PYOtherRevenueAmt0147454
IRS990/PYProgramServiceRevenueAmt0123700
IRS990/PYRevenuesLessExpensesAmt0-65712
IRS990/PYSalariesCompEmpBnftPaidAmt0377257
IRS990/PYTotalExpensesAmt0496267
IRS990/PYTotalRevenueAmt0430555
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1599
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07488
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03829
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0283946
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0166298
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0450244
IRS990ScheduleD/EquipmentGrp/BookValueAmt01749
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064577
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066326
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018150
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07544
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025694
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MYSTERY NIGHT CASH PRIZE UNPAID
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0323845
IRS990ScheduleD/TotalLiabilityAmt04535
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/CashPrizesEvent1Amt011400
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt011400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt04065
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt04065
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt094849
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MYSTERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0HOT ROD TICKET SALES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0130670
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt054690
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt056430
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0241790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0126605
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt054690
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt056430
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0237725
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0142876
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0840
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0840
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt035757
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt082609
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05745
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt041107
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
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/BOYAmt07742
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt08282
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0400168
IRS990/TotalAssetsEOYAmt0352733
IRS990/TotalAssetsGrp/BOYAmt0400168
IRS990/TotalAssetsGrp/EOYAmt0352733
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0233131
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017030
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0557950
IRS990/TotalFunctionalExpensesGrp/TotalAmt0574980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt099301
IRS990/TotalLiabilitiesEOYAmt053465
IRS990/TotalLiabilitiesGrp/BOYAmt099301
IRS990/TotalLiabilitiesGrp/EOYAmt053465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0300867
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0299268
IRS990/TotalProgramServiceExpensesAmt0557950
IRS990/TotalProgramServiceRevenueAmt0167536
IRS990/TotalReportableCompFromOrgAmt066000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0197374
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0573381

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