Civic Intelligence

Summit Academy Inc.

990 • Fiscal year 2020 • EIN 84-1430606

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 20, 2020

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

70th percentile

0.22x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.25x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

29th percentile

-5.3%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

79th percentile

$75,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

70th percentile

21%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-31%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$637,564

Up $112,740 (+21%) from 2019

Net Assets

Down

$498,846

Down $14,360 (-2.8%) from 2019

Liabilities

Up

$138,718

Up $127,100 (+1094%) from 2019

Revenue

Down

$565,828

Down $255,421 (-31%) from 2019

Expenses

Down

$595,922

Down $11,714 (-1.9%) from 2019

Net Income

Down

-$30,094

Down $243,707 (-114%) from 2019

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

2020

Assets$637,564
Liabilities$138,718
Net Assets$498,846

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

2020

Revenue$565,828
Expenses$595,922
Net Income-$30,094
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 20, 2020
Return Version
2019v5.0
Gross Receipts
$598,157
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$321,037$317,029▼ $4,008
Cash and Non-Interest-Bearing Accounts$32,522$120,025▲ $87,503
Savings and Temporary Cash Investments$8,054$108,373▲ $100,319
Investments in Publicly Traded Securities$158,234$87,353▼ $70,881
Prepaid Expenses and Deferred Charges$3,607$4,142▲ $535
Accounts Receivable$1,370$642▼ $728
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$524,824$637,564▲ $112,740
Other Assets Total-$0-
Liabilities
Other Liabilities-$102,847-
Deferred Revenue$10,179$34,749▲ $24,570
Accounts Payable and Accrued Expenses$1,439$1,122▼ $317
Total Liabilities$11,618$138,718▲ $127,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$505,547$491,995▼ $13,552
Net Assets With Donor Restrictions$7,659$6,851▼ $808
Total Net Assets Fund Balance$513,206$498,846▼ $14,360
Total Liabilities and Net Assets / Fund Balance$524,824$637,564▲ $112,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$261,436$188,808$450,244
Equipment$10,390$66,584$76,974
Leasehold Improvements$25,203$11,639$36,842
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James W HickelPrincipalFT$75,000$75,000

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
$273,516
Program Service Revenue
$173,902
Investment Income
$318
Other Revenue
$118,092
All Other Contributions
$269,759
Change in Net Assets
$-30,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$463,464
Other Expenses$132,458
Total Fundraising Expense$28,340
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$325,877--$325,877
Current Officers, Directors, Trustees, and Key Employees$75,000--$75,000
Payroll Taxes$62,587--$62,587
Occupancy$18,860--$18,860
Depreciation Depletion$14,656--$14,656
Office Expenses$7,330--$7,330
Insurance$7,296--$7,296
Fees for Services Accounting$3,618--$3,618
Other Expenses$3,404-$28,340$3,404
Advertising$2,274--$2,274
All Other Expenses$2,139--$2,139
Travel$1,552--$1,552
Total Functional Expenses$567,582$0$28,340$595,922
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$120,273
Fundraising Direct Expenses$18,678
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mystery Night$104,630$100,873$6,402$94,471
Scrip Sales$19,400$19,400-$19,400
Total Events$124,030$120,273$18,678$101,595
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
Sba Loan$102,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
2020-11-20
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Id
Voting Board Members
6
Independent Board Members
5
Employees
39

Preparer

Firm
Forsmann Accounting LLC
Address
414 MAIN ST, COTTONWOOD, ID 83522
Preparer
BRANDY L McELROY CPA
Phone
2089623161
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03607
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04142
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, FEES,TEXTS, ETC.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0173902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0173902
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0511916
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0388
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0128254
IRS990/PYOtherRevenueAmt0112749
IRS990/PYProgramServiceRevenueAmt0196196
IRS990/PYRevenuesLessExpensesAmt0213613
IRS990/PYSalariesCompEmpBnftPaidAmt0479382
IRS990/PYTotalExpensesAmt0607636
IRS990/PYTotalRevenueAmt0821249
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-30094
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108373
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/BookValueAmt0261436
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0188808
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0450244
IRS990ScheduleD/EquipmentGrp/BookValueAmt010390
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066584
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076974
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025203
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011639
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt036842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0317029
IRS990ScheduleD/TotalLiabilityAmt0102847
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/CharitableContributionsTotAmt03757
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt03757
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018678
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MYSTERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SCRIP SALES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0104630
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt019400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0124030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0100873
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt019400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0120273
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0101595
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02276
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02276
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06402
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06402
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0524824
IRS990/TotalAssetsEOYAmt0637564
IRS990/TotalAssetsGrp/BOYAmt0524824
IRS990/TotalAssetsGrp/EOYAmt0637564
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0273516
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028340
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0567582
IRS990/TotalFunctionalExpensesGrp/TotalAmt0595922
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011618
IRS990/TotalLiabilitiesEOYAmt0138718
IRS990/TotalLiabilitiesGrp/BOYAmt011618
IRS990/TotalLiabilitiesGrp/EOYAmt0138718
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0513206
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0498846
IRS990/TotalProgramServiceExpensesAmt0567582
IRS990/TotalProgramServiceRevenueAmt0173902
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0190717
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0565828
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0524824
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0637564
IRS990/TravelGrp/ProgramServicesAmt01552
IRS990/TravelGrp/TotalAmt01552

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