Summit Academy Inc
- Assets
- $15.5m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Cottonwood, ID
- Founding
- 04/1999
- Data as of
- 06/2023
- EIN
- 84-1430606
Organization Overview
Summit Academy Inc is located in Cottonwood, ID. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Summit Academy Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Academy 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 06/2023, Summit Academy Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $859.3k during the year ending 06/2023. While expenses have increased by 6.8% per year over the past 8 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
ORGANIZE AND MANAGE CATHOLIC NONPROFIT SCHOOL FOR GRADES K-12 AND PRESCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE CATHOLIC NONPROFIT SCHOOL FOR GRADES K-12 AND DAYCARE/PRESCHOOL FOR AGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Hagen Vice President | Trustee | 3 | $0 |
Dylan Prigge Director | Trustee | 3 | $0 |
Paul Wander Director | Trustee | 3 | $0 |
Maurice Seubert President | Officer | 3 | $0 |
Sheryl Nuxoll Treasurer | Officer | 3 | $0 |
Ken Bock Secretary | Officer | 3 | $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 | $7,616,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,616,580 |
| Total Program Service Revenue | $261,209 |
| Investment income | $11,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,693 |
| Net Income from Fundraising Events | $120,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,438 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,055,730 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $555,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,554 |
| Office expenses | $16,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,714 |
| Travel | $10,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,814 |
| Insurance | $15,827 |
| All other expenses | $1,076 |
| Total functional expenses | $859,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,057,479 |
| Savings and temporary cash investments | $207,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,173 |
| 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 | $5,065 |
| Net Land, buildings, and equipment | $1,003,125 |
| Investments—publicly traded securities | $102,128 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,101,501 |
| Total assets | $15,480,002 |
| Accounts payable and accrued expenses | $439,156 |
| Grants payable | $0 |
| Deferred revenue | $66,353 |
| 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 | $3 |
| Total liabilities | $505,512 |
| Net assets without donor restrictions | $12,608,524 |
| Net assets with donor restrictions | $2,365,966 |
| 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 | $15,480,002 |