Summit Public Schools
- Assets
- $76.0m
- Revenue
- $62.5m
- Investments
- $1.1m
- Employees
- 488
- Location
- Redwood City, CA
- Founding
- 09/2009
- Data as of
- 06/2023
- EIN
- 26-2034843
Organization Overview
Summit Public Schools is located in Redwood City, CA. The organization was established in 2009. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Summit Public Schools employed 488 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Public Schools 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 06/2023, Summit Public Schools generated $62.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $67.6m during the year ending 06/2023. While expenses have increased by 10.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUMMIT PUBLIC SCHOOLS (SPS) IS A NONPROFIT, CALIFORNIA PUBLIC BENEFIT CORPORATION, DESIGNED TO TRAIN, CONSULT AND ADVISE PUBLIC SCHOOL TEACHERS AND ADMINISTRATORS; TO SUPPORT, MANAGE, OPERATE, GUIDE, DIRECT AND PROMOTE PUBLIC CHARTER SCHOOLS (THE SCHOOLS); AND FOR OTHER CHARITABLE EDUCATIONAL PURPOSES AS MAY OCCUR FROM TIME TO TIME. SPS IS ECONOMICALLY DEPENDENT ON STATE AND FEDERAL FUNDING. THE CHARTERS MAY BE REVOKED BY THEIR AUTHORIZERS FOR MATERIAL VIOLATIONS OF THE CHARTER, FAILURE TO MEET PUPIL OUTCOMES IDENTIFIED IN THE CHARTER, FAILURE TO MEET GENERALLY ACCEPTED STANDARDS OF FISCAL MANAGEMENT, OR VIOLATION OF ANY PROVISION OF THE LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOLS PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2023, SUMMIT PUBLIC SCHOOLS OPERATED 7 CHARTER SCHOOLS AND SERVED APPROXIMATELY 2,895 STUDENTS, AND TEACHER AND LEADER TRAINING PROGRAMS TO RESPOND TO THE DIVERSE NEEDS OF COMMUNITIES IN THE CONTEXT OF CONTINUOUSLY EVOLVING EDUCATIONAL ECO-SYSTEMS. ALSO PROVIDES SCHOOL SERVICE SUPPORT TO SUMMIT PUBLIC SCHOOLS - WASHINGTON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diego Arambula Chairman | OfficerTrustee | 1 | $0 |
Jimmy Zuniga Member | Trustee | 1 | $0 |
Steven Humphreys Member | Trustee | 1 | $0 |
Andrew Thompson Member | Trustee | 1 | $0 |
Lizzie Choi Member | Trustee | 1 | $0 |
Robert Oster Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adriana San Millan School Psychology & S Special Education Services | 6/29/23 | $1,309,975 |
Antonio Saunders Llc Experience Consulting | 6/29/23 | $329,268 |
Swan Cleaning Solutions Cleaning Services | 6/29/23 | $587,525 |
Corey Layne Crouch Consulting Services | 6/29/23 | $243,495 |
Libby Cole Co Elevated Partners Llc Investment Advisors | 6/29/23 | $287,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,976,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,127,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,103,993 |
| Total Program Service Revenue | $2,407,580 |
| Investment income | $981,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $62,505,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $838,834 |
| Compensation of current officers, directors, key employees. | $222,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,825,648 |
| Pension plan accruals and contributions | $4,911,111 |
| Other employee benefits | $3,025,358 |
| Payroll taxes | $553,640 |
| Fees for services: Management | $363,776 |
| Fees for services: Legal | $467,865 |
| Fees for services: Accounting | $100,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,545,179 |
| Advertising and promotion | $0 |
| Office expenses | $267,830 |
| Information technology | $132,611 |
| Royalties | $0 |
| Occupancy | $4,383,148 |
| Travel | $244,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,814,976 |
| Insurance | $486,185 |
| All other expenses | $0 |
| Total functional expenses | $67,560,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,535,861 |
| Savings and temporary cash investments | $30,669,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,597,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $740,923 |
| Net Land, buildings, and equipment | $1,282,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,050,919 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,142,739 |
| Total assets | $76,020,327 |
| Accounts payable and accrued expenses | $4,147,215 |
| Grants payable | $0 |
| Deferred revenue | $8,696,668 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,903,731 |
| Total liabilities | $47,747,614 |
| Net assets without donor restrictions | $27,611,875 |
| Net assets with donor restrictions | $660,838 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $76,020,327 |