Northern Summit Academy
- Assets
- $2.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Anderson, CA
- Founding
- 07/2016
- Data as of
- 06/2021
- EIN
- 46-5211597
Organization Overview
Northern Summit Academy is located in Anderson, CA. The organization was established in 2016. 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, Northern Summit Academy employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Summit Academy 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, Northern Summit Academy generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 27.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH INDEPENDENT STUDY AND AN ACADEMIC ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHERN SUMMIT ACADEMY IS A NONCLASSROOM BASED CHARTER SCHOOL LOCATED IN ANDERSON CALIFORNIA PROVIDING EDUCATIONAL OPPURTUNITIES TO STUDENTS BY UTILIZING STATE AND FEDERAL FUNDING. THE SCHOOL SERVED APPROXIMATELY 166 STUDENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Knight Executive Director | Officer | 40 | $120,685 |
Dawn Allen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mike Mcmaster President | OfficerTrustee | 1 | $0 |
Bill Arnold Member | Trustee | 1 | $0 |
Amanda Scarcello Member | Trustee | 1 | $0 |
Jeanette Pringle Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,263,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,263,261 |
| Total Program Service Revenue | $0 |
| Investment income | $15,821 |
| 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 | $2,301,272 |
| 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. | $153,365 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $912,440 |
| Pension plan accruals and contributions | $176,107 |
| Other employee benefits | $107,627 |
| Payroll taxes | $57,362 |
| Fees for services: Management | $17,939 |
| Fees for services: Legal | $1,408 |
| Fees for services: Accounting | $94,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,032 |
| Advertising and promotion | $1,000 |
| Office expenses | $19,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,542 |
| Travel | $817 |
| 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 | $48,630 |
| Insurance | $12,383 |
| All other expenses | $0 |
| Total functional expenses | $1,950,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,195,259 |
| Pledges and grants receivable | $595,369 |
| Accounts receivable, net | $22,260 |
| 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 | $3,835 |
| Net Land, buildings, and equipment | $285,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,102,320 |
| Accounts payable and accrued expenses | $69,602 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $69,602 |
| Net assets without donor restrictions | $2,032,718 |
| Net assets with donor restrictions | $0 |
| 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 | $2,102,320 |
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