Summit Academy Inc
- Assets
- $8.2m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 52
- Location
- Cottonwood, ID
- Founding
- 04/1999
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Summit Academy Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $911.7k during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 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
2022
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 |
|---|---|---|---|
James W Hickel Principal | 45 | $75,000 | |
James Chmelik President | Officer | 3 | $0 |
Maurice Seubert Vice President | Officer | 3 | $0 |
Sheryl Nuxoll Treasurer | Officer | 3 | $0 |
Ken Bock Secretary | Officer | 3 | $0 |
Patrick Hagen Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,553 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,220,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,225,725 |
| Total Program Service Revenue | $269,444 |
| Investment income | $2,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $142,733 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,914 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,753,629 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $502,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $86,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,391 |
| Office expenses | $8,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,014 |
| Travel | $7,274 |
| 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 | $22,421 |
| Insurance | $17,168 |
| All other expenses | $828 |
| Total functional expenses | $911,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,350,356 |
| Savings and temporary cash investments | $184,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,136 |
| 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 | $2,888 |
| Net Land, buildings, and equipment | $1,004,816 |
| Investments—publicly traded securities | $100,337 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,584,596 |
| Total assets | $8,241,882 |
| Accounts payable and accrued expenses | $269,750 |
| Grants payable | $0 |
| Deferred revenue | $87,823 |
| 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 | $107,493 |
| Total liabilities | $465,066 |
| Net assets without donor restrictions | $7,766,592 |
| Net assets with donor restrictions | $10,224 |
| 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 | $8,241,882 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Summit Academy Inc has recieved totaling $25,399.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |
Lakeside School Seattle, WA | $394,164,521 | $65,054,128 |
Alexander Dawson Foundation Las Vegas, NV | $318,582,392 | $50,508,481 |
Catlin Gabel School Portland, OR | $84,016,930 | $34,455,336 |
Annie Wright Schools Tacoma, WA | $86,822,047 | $28,900,199 |
Bush School Seattle, WA | $78,878,554 | $33,051,809 |
The Northwest School Of The Arts Humanities And Environment Seattle, WA | $79,999,966 | $22,972,982 |
University Preparatory Academy Seattle, WA | $104,232,720 | $29,101,265 |
Bear Creek School Redmond, WA | $66,422,507 | $24,721,144 |
Meadows School Las Vegas, NV | $76,715,222 | $21,936,191 |
Eastside Preparatory School Kirkland, WA | $91,598,705 | $24,415,326 |
Southern Oregon Child And Family Council Inc Central Point, OR | $12,815,042 | $21,527,920 |