Summit Charter School Inc
- Assets
- $246.7k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Cashiers, NC
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 56-1993257
Organization Overview
Summit Charter School Inc is located in Cashiers, NC. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Summit Charter School Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Charter School Inc 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 Charter School Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.2m during the year ending 06/2021. While expenses have increased by 9.4% 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
OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A PUBLIC CHARTER SCHOOL IN CASHIERS, NORTH CAROLINA. SERVING APPROXIMATELY 235 STUDENTS FOR THE FISCAL YEAR ENDED 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Pusch Non-Voting Head Of Scho | OfficerTrustee | 40 | $154,675 |
Andrea Chalker Non Voting K-8 Principa | Trustee | 40 | $101,992 |
Lauren Bennett Non Voting Hs Principal | Trustee | 40 | $73,199 |
Marie Smith Non Voting Business Off | Trustee | 40 | $69,382 |
Orlando Buck Non Voting Ms Represent | Trustee | 40 | $48,615 |
Jesse Lloyd Non Voting Hs Represent | Trustee | 40 | $43,726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $373,312 |
| Government grants | $494,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $418,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,285,967 |
| Total Program Service Revenue | $2,201,569 |
| Investment income | $0 |
| 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 | $3,513,448 |
| 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. | $153,000 |
| Compensation of current officers, directors, key employees. | $153,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,915,047 |
| Pension plan accruals and contributions | $51,497 |
| Other employee benefits | $234,995 |
| Payroll taxes | $152,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,850 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,102 |
| Advertising and promotion | $5,847 |
| Office expenses | $44,467 |
| Information technology | $66,844 |
| Royalties | $0 |
| Occupancy | $100,766 |
| Travel | $931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,354 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,345 |
| Insurance | $33,974 |
| All other expenses | $15,261 |
| Total functional expenses | $3,244,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,112 |
| 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 | $71,227 |
| Net Land, buildings, and equipment | $55,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,672 |
| Accounts payable and accrued expenses | $22,710 |
| Grants payable | $0 |
| Deferred revenue | $132,869 |
| 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 | $155,579 |
| Net assets without donor restrictions | $91,093 |
| 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 | $246,672 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Summit Charter School Inc has recieved totaling $96,724.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES | $61,800 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $10,500 |
Mebane Charitable Foundation Inc Garden City, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Myfifident Foundation Cumming, GA PURPOSE: TO PROVIDE GENERAL SUPPORT | $10,000 |
H Foundation Clearwater, FL PURPOSE: EDUCATIONAL | $2,500 |
Double Eagle Foundation Philadelphia, PA PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |