Summer Institute Inc
- Assets
- $216.2k
- Revenue
- $275.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Houston, TX
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-2268691
Organization Overview
Summer Institute Inc is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2023, Summer Institute Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summer Institute 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 12/2023, Summer Institute Inc generated $275.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $211.6k during the year ending 12/2023. While expenses have increased by 29.7% per year over the past 5 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
THERE IS AN INEQUALITY IN THE EDUCATION AND ECONOMIC OUTCOMES BY STUDENTS IN UNDER-SERVED COMMUNITIES. THE SUMMER INSTITUTE AIMS TO CHANGE THE EQUATION AND THE NARRATIVE IT CREATES BY EQUIPPING LOW INCOME STUDENTS FROM HOUSTON'S 3RD WARD WITH THE NECESSARY RESOURCES TO COMPETE IN TODAY'S EDUCATIONAL LANDSCAPE. THE PURPOSE OF THE SUMMER INSTITUTE IS TO LEVERAGE THE RESOURCES OF A FLOURISHING AND CELEBRATED LEARNING INSTITUTION AND MAKE A POSITIVE IMPACT ON STUDENTS TRAJECTORY THROUGH A HANDS-ON, STEM FOCUSED INQUIRY BASED INSTRUCTIONAL MODEL, EXCEPTIONALLY LOW STUDENT TO TEACHER RATIOS, TUTORING SERVICES, AND A COMPREHENSIVE WELLNESS PROGRAM THAT INCLUDES LIFE AND STUDY SKILLS INSTRUCTION, MENTORSHIP OPPORTUNITIES AND INTENTIONAL CHARACTER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE IS AN INEQUALITY IN THE EDUCATION AND ECONOMIC OUTCOMES BY STUDENTS IN UNDER-SERVED COMMUNITIES. THE SUMMER INSTITUTE AIMS TO CHANGE THE EQUATION AND THE NARRATIVE IT CREATES BY EQUIPPING LOW INCOME STUDENTS FROM HOUSTON'S 3RD WARD WITH THE NECESSARY RESOURCES TO COMPETE IN TODAY'S EDUCATIONAL LANDSCAPE. THE PURPOSE OF THE SUMMER INSTITUTE IS TO LEVERAGE THE RESOURCES OF A FLOURISHING AND CELEBRATED LEARNING INSTITUTION AND MAKE A POSITIVE IMPACT ON STUDENTS TRAJECTORY THROUGH A HANDS-ON, STEM FOCUSED INQUIRY BASED INSTRUCTIONAL MODEL DURING SUMMER BREAK FROM TRADITIONAL CLASSROOM INSTRUCTION.
ALUMNI HIGHT SCHOOL PROGRAM EXPENSES AND OTHER PROGRAMS
THE SUMMER INSTITUTE OFFERS COMPREHENSIVE WELLNESS PROGRAMS THAT INCLUDES LIFE AND STUDY SKILLS INSTRUCTION, MENTORING OPPORTUNITIES AND INTENTIONAL CHARACTER DEVELOPMENT PROGRAMS. THIS ASPECT INCLUDES END OF SUMMER TRIPS AND OTHER PROGRAMS
THE SUMMER INSTITUTE OFFERS SATURDAY INSTRUCTION PROGRAMS DURING SCHOOL YEAR THAT INCLUDE CLASSROOM INSTRUCTION, TESTING AND TUTORING PROGRAMS TO HELP UNDER-SERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Bott Chairman | Trustee | 5 | $0 |
Brandon Walker President And Executive Di | Trustee | 16 | $15,000 |
Darnell Cleary Treasurer And Wellness Dir | Trustee | 16 | $20,000 |
Kelsey Pedersen Secretary | Trustee | 8 | $9,938 |
Ashlea Taylor Board Member | Trustee | 5 | $0 |
Jessica Wright Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,647 |
| Total Program Service Revenue | $2,200 |
| 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 | $275,847 |
| 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. | $44,938 |
| Compensation of current officers, directors, key employees. | $44,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $659 |
| All other expenses | $498 |
| Total functional expenses | $211,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $847 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,245 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $191,786 |
| Net assets with donor restrictions | $24,459 |
| 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 | $216,245 |