Summit Middle Charter School Inc
- Assets
- $4.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 10/2001
- Data as of
- 06/2021
- EIN
- 84-1562333
Organization Overview
Summit Middle Charter School Inc, operating under the name Summit Middle School, is located in Boulder, CO. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Middle School 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 Middle School generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 1.6% 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
PUBLIC EDUCATION FOR MAINSTREAM LEARNERS IN A MIDDLE SCHOOL SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMIT MIDDLE SCHOOL IS A TUITION-FREE, PUBLIC CHARTER SCHOOL IN THEBOULDER VALLEY SCHOOL DISTRICT (BVSD), SERVING GRADES 6,7, AND 8THROUGH MIXED-AGE CLASSES GROUPED BY ABILITY, INTEREST, MOTIVATION,DEVELOPMENTAL LEVEL, AND MASTERY OF PREVIOUS MATERIAL, AND TAUGHT BYTEACHERS WHO ARE SPECIALISTS IN THEIR SUBJECT AREAS. ENROLLMENT FOR THE2020-2021 SCHOOL YEAR WAS 354 FULL-TIME EQUIVALENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Galvin Prinicpal | Officer | 45 | $137,620 |
Katie Schwab Secretary | OfficerTrustee | 0.5 | $0 |
Jill Oliver President | OfficerTrustee | 2 | $0 |
Daniel Simon Treasurer | OfficerTrustee | 4 | $0 |
Audrey Frew Member | Trustee | 0.5 | $0 |
Thomas Gallagher Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $65,206 |
| Government grants | $4,443,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,512,007 |
| Total Program Service Revenue | $18,172 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$112,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,417,232 |
| 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. | $179,700 |
| Compensation of current officers, directors, key employees. | $89,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,930,186 |
| Pension plan accruals and contributions | $374,305 |
| Other employee benefits | $248,835 |
| Payroll taxes | $29,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,528 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $964,648 |
| Advertising and promotion | $347 |
| Office expenses | $97,796 |
| Information technology | $8,430 |
| Royalties | $0 |
| Occupancy | $100,474 |
| Travel | $9,386 |
| 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 | $8,446 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,970,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,666,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,401 |
| 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 | $0 |
| Net Land, buildings, and equipment | $29,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,870,768 |
| Total assets | $4,571,181 |
| Accounts payable and accrued expenses | $211,832 |
| 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 | $8,382,540 |
| Total liabilities | $8,594,372 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$5,268,390 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,245,199 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,571,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Summit Middle Charter School Inc has recieved totaling $305.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Ascent Classical Academy Charter Schools Inc Golden, CO | $7,199,247 | $14,781,015 |