Summer Scholars
- Assets
- $1.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 274
- Location
- Denver, CO
- Founding
- 09/1995
- Data as of
- 10/2019
- EIN
- 84-1314292
Organization Overview
Summer Scholars is located in Denver, CO. The organization was established in 1995. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 10/2019, Summer Scholars employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summer Scholars 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 10/2019, Summer Scholars generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.4m during the year ending 10/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO SUPPORT LOW-INCOME, ACADEMICALLY STRUGGLING YOUNG LEARNERS BY PROVIDING RIGOROUS LITERACY INSTRUCTION AND ENRICHMENT PROGRAMS IN ORDER TO ACHIEVE MEASURABLE SUCCESS AND TO INSPIRE LIFE-LONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER SCHOLARS OPERATES A COMMUNITY-BASED LITERACY PROGRAM FOR ELEMENTARY SCHOOL STUDENTS IN DENVER WHO ARE SIGNIFICANTLY BELOW GRADE LEVEL IN READING. SUMMER SCHOLARS PROVIDES SERVICES IN THE SUMMER AND DURING THE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Romero Campbell Pres/exec Di | Officer | 40 | $114,222 |
Erica Salmon Byrne Chair | OfficerTrustee | 1 | $0 |
Sean Choi Secretary | OfficerTrustee | 1 | $0 |
Spencer Reedy Vice Chair | OfficerTrustee | 1 | $0 |
Jonathan Levesque Treasurer | OfficerTrustee | 1 | $0 |
Cyndi Kahn Director Eme | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,107 |
| Investment income | $1,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,394,637 |
| Statement of Expenses | |
|---|---|
| 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. | $120,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,444,131 |
| Pension plan accruals and contributions | $10,321 |
| Other employee benefits | $90,675 |
| Payroll taxes | $150,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,850 |
| Advertising and promotion | $2,178 |
| Office expenses | $48,013 |
| Information technology | $26,821 |
| Royalties | $0 |
| Occupancy | $77,665 |
| Travel | $13,283 |
| 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 | $5,318 |
| All other expenses | $0 |
| Total functional expenses | $2,443,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $697,320 |
| Savings and temporary cash investments | $10,123 |
| Pledges and grants receivable | $557,536 |
| 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 | $20,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,285,311 |
| Accounts payable and accrued expenses | $160,267 |
| 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 | $160,267 |
| Net assets without donor restrictions | $931,924 |
| Net assets with donor restrictions | $193,120 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,125,044 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Summer Scholars has recieved totaling $302,449.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: THE PURCHASE OF BOOKS FOR STUDENTS TO TAKE HOME OR AS NEEDED | $125,919 |
Mile High United Way Inc Denver, CO PURPOSE: SIG, DESIGNATION | $101,771 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $42,609 |
Caring For Colorado Centennial Fund Denver, CO PURPOSE: DON'T WAIT VACCINATE | $18,000 |
Denver Active 20-30 Childrens Foundation Denver, CO PURPOSE: PROGRAM OPERATION - | $8,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |