Summit Academy Incorporated

Organization Overview

Summit Academy Incorporated is located in Draper, UT. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Summit Academy Incorporated employed 440 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Academy Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Summit Academy Incorporated generated $21.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $20.5m during the year ending 06/2021. While expenses have increased by 12.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF ONE CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH EIGTH GRADE.


OPERATION OF PROGRAMS FOR THE BENEFIT OF STUDENTS.


OPERATION OF A FOOD SERVICE PROGRAM FOR THE BENEFIT OF STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Clark
Director & P
$43,733
Brad Wilkinson
Cfo/business
$32,300
Ramona Baik
Board Vice P
$0
Chris Lynn
Board Treasu
$0
Chelsea Welch
Board Presid
$0
Nikki Stucki
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $19,639,547
All other contributions, gifts, grants, and similar amounts not included above$94,869
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$19,734,416
Total Program Service Revenue$1,118,182
Investment income $60,794
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $115,450
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,044,224

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Summit Academy Incorporated has recieved totaling $347.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$347
View Grant Recipient Profile

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