Civic Intelligence

Summit Academy Inc.

990 • Fiscal year 2019 • EIN 84-1430606

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 14, 2019

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

47th percentile

0.02x

Higher debt load relative to assets than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.01x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$70,500

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

88th percentile

49%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

43%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$524,824

Up $172,091 (+49%) from 2018

Net Assets

Up

$513,206

Up $213,938 (+71%) from 2018

Liabilities

Down

$11,618

Down $41,847 (-78%) from 2018

Revenue

Up

$821,249

Up $247,868 (+43%) from 2018

Expenses

Up

$607,636

Up $32,656 (+5.7%) from 2018

Net Income

Up

$213,613

Up $215,212 (+13459%) from 2018

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

2019

Assets$524,824
Liabilities$11,618
Net Assets$513,206

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

2019

Revenue$821,249
Expenses$607,636
Net Income$213,613
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$879,391
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$323,845$321,037▼ $2,808
Investments in Publicly Traded Securities$8,319$158,234▲ $149,915
Cash and Non-Interest-Bearing Accounts$12,810$32,522▲ $19,712
Loans From Officers Directors$26,000--
Savings and Temporary Cash Investments$3,829$8,054▲ $4,225
Prepaid Expenses and Deferred Charges$3,929$3,607▼ $322
Accounts Receivable-$1,370-
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$352,733$524,824▲ $172,091
Other Assets Total$1$0▼ $1
Liabilities
Deferred Revenue$14,587$10,179▼ $4,408
Other Liabilities$4,535--
Accounts Payable and Accrued Expenses$8,343$1,439▼ $6,904
Total Liabilities$53,465$11,618▼ $41,847
Net Assets / Fund Balance
Unrestricted Net Assets$290,986$505,547▲ $214,561
Temporarily Rstr Net Assets$8,282$7,659▼ $623
Total Net Assets Fund Balance$299,268$513,206▲ $213,938
Total Liabilities and Net Assets / Fund Balance$352,733$524,824▲ $172,091

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$272,691$177,553$450,244
Equipment$1,049$65,277$66,326
Leasehold Improvements$27,297$9,545$36,842
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James W HickelPrincipalFT$70,500$70,500

Board Members and Trustees

NameTitle
Eric WassmuthPresident
Ken BockVice President
CHERIE SEUBERT-McDONOUGHDirector
Fr Paul WanderDirector
Alex FreiSecretary
Brandon RehderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$511,916
Program Service Revenue
$196,196
Investment Income
$388
Other Revenue
$112,749
All Other Contributions
$490,289
Change in Net Assets
$213,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$479,382
Other Expenses$128,254
Total Fundraising Expense$10,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$347,718--$347,718
Current Officers, Directors, Trustees, and Key Employees$70,500--$70,500
Payroll Taxes$61,164--$61,164
Occupancy$27,556--$27,556
Depreciation Depletion$13,956--$13,956
Insurance$10,562--$10,562
Travel$8,945--$8,945
Office Expenses$8,080--$8,080
Other Expenses$4,709-$10,611$4,709
Fees for Services Accounting$3,264--$3,264
All Other Expenses$2,387--$2,387
Advertising$1,536--$1,536
Total Functional Expenses$597,025$0$10,611$607,636
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$138,656
Fundraising Direct Expenses$42,931
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mystery Night$101,597$98,847$4,670$94,177
Scrip Sales$26,619$26,619$25,396$1,223
Total Events$160,283$138,656$42,931$95,725
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$26,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Id
Voting Board Members
6
Independent Board Members
5
Employees
41

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/ProgramServicesAmt061164
IRS990/PayrollTaxesGrp/TotalAmt061164
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03929
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03607
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, FEES,TEXTS, ETC.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0196196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0196196
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0233131
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0541
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0151838
IRS990/PYOtherRevenueAmt0172173
IRS990/PYProgramServiceRevenueAmt0167536
IRS990/PYRevenuesLessExpensesAmt0-1599
IRS990/PYSalariesCompEmpBnftPaidAmt0423142
IRS990/PYTotalExpensesAmt0574980
IRS990/PYTotalRevenueAmt0573381
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0213613
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03829
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08054
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/BookValueAmt0272691
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0177553
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0450244
IRS990ScheduleD/EquipmentGrp/BookValueAmt01049
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066326
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027297
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09545
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt036842
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0321037
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/CashPrizesEvent1Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt021627
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt02750
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt018877
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042931
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MYSTERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SCRIP SALES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0101597
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt026619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt032067
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0160283
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt098847
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt026619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt013190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0138656
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt095725
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02553
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02553
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0312
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030378
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04670
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt025396
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt08282
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07659
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0352733
IRS990/TotalAssetsEOYAmt0524824
IRS990/TotalAssetsGrp/BOYAmt0352733
IRS990/TotalAssetsGrp/EOYAmt0524824
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0511916
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010611
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0597025
IRS990/TotalFunctionalExpensesGrp/TotalAmt0607636
IRS990/TotalGrossUBIAmt00

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