Summit Classical Academy Inc
- Assets
- $210.2k
- Revenue
- $648.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Broomfield, CO
- Founding
- Data as of
- 06/2022
- EIN
- 84-3953582
Organization Overview
Summit Classical Academy Inc is located in Broomfield, CO. 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 Classical Academy Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Classical 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 Classical Academy Inc generated $648.1k in total revenue. All expenses for the organization totaled $524.5k during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A SCHOOL DEDICATED TO CLASSICAL CHRISTIAN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMIT CLASSICAL ACADEMY IS A CLASSICAL CHRISTIAN SCHOOL SERVING THE NORTH DENVER AREAS OF COLORADO. WE WILL BUILD COMMUNITY AND SERVE OUR COMMUNITY BY PARTNERING WITH PARENTS IN THE EDUCATION OF THEIR CHILDREN THROUGH CLASSICAL CHRISTIAN EDUCATIONCLASSICAL EDUCATIONTHE CLASSICAL METHOD IS TRIED AND TRUE, WITH ITS ORIGINS DATING BACK TO THE GREEKS. THE ROMANS, RECOGNIZING THAT THE GREEKS WERE SUPERIOR IN EDUCATING THEIR CITIZENS, ADOPTED THIS STYLE OF TEACHING FOR THEIR YOUNG ROMANS. OF COURSE, THE MODERN VERSION OF CLASSICAL EDUCATION HAS CHANGED A BIT, BUT THE ROOTS REACH DEEP INTO THE GRECO-ROMAN TRADITION.CLASSICAL EDUCATION KEEPS IN STEP WITH THE NATURAL DEVELOPMENTAL STAGES OF CHILDREN AND CONSISTS OF THREE PHASES IN THE K-12 YEARS, ALL OF WHICH MAKE UP THE TRIVIUM. THE TRIVIUM INCLUDES THE GRAMMAR STAGE, LOGIC STAGE, AND THE RHETORIC STAGE. THESE STAGES COINCIDE WITH THE WAY CHILDREN LEARN, SO THE RESULTS OF THE EDUCATION NOT ONLY FIT THE NATURAL BENT OF THE CHILD, IT ALSO PROVIDES AN ENVIRONMENT WHERE STUDENTS CAN REALIZE THE GREATEST SUCCESSES IN LEARNING. THIS EDUCATIONAL MODEL FITS BEAUTIFULLY WITH HOW CHILDREN GROW.CLASSICAL CHRISTIAN EDUCATION DEVELOPS CHILDREN INTO STUDENTS WHO LEARN CONTINUALLY, LISTEN INTENTLY, ARTICULATE PRECISELY, LOVE RIGHTLY, CONTEND GRACEFULLY, AND LIVE PURPOSEFULLY FOR THE GLORY OF GOD AND THE GOOD OF OTHERS.CHRISTIAN EDUCATIONTHE TRUTH OF SCRIPTURE, AND THE VERY NATURE OF GOD, IS THE BASIS OF ALL KNOWLEDGE AND GOVERNS ALL THAT IS TAUGHT. AS SCRIPTURE IS THE ULTIMATE AUTHORITY FOR OUR LIVES, STUDENTS AND TEACHERS ALIKE SHOULD LIVE IN ACCORDANCE TO ITS TEACHING AND USE IT TO TEST ALL KNOWLEDGE AND EXPERIENCE. IT IS UNDERSTOOD THAT THERE IS A TRUTH AND GOD IS THE REVEALER OF THIS TRUTH. WHETHER IT IS THE PYTHAGOREAN THEOREM, THE SECOND LAW OF THERMODYNAMICS, LATIN CONJUNCTIONS, OR A SHAKESPEARIAN SONNET, ALL TRUTH, GOODNESS, AND BEAUTY HAS ITS ORIGINATION IN GOD. SINCE GOD IS THE CREATOR OF ALL THINGS, AND ALL KNOWLEDGE IS INTERCONNECTED, ALL SUBJECTS SHOULD BE TAUGHT AS PART OF AN INTEGRATED WHOLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Modglin Chairman | OfficerTrustee | 2 | $0 |
Danette Miller Vice-Chairman | OfficerTrustee | 2 | $0 |
Mark Wrapp Member At Large | Trustee | 2 | $0 |
Brigette Modglin Member At Large | Trustee | 2 | $0 |
Micah Miller Member At Large | Trustee | 2 | $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 | $596,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,728 |
| Total Program Service Revenue | $50,977 |
| 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 | $418 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,123 |
| 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 | $265,574 |
| Pension plan accruals and contributions | $5,959 |
| Other employee benefits | $0 |
| Payroll taxes | $24,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,657 |
| Advertising and promotion | $10,765 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $30,883 |
| Total functional expenses | $524,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,758 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,418 |
| Total assets | $210,176 |
| 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 | $31,476 |
| Total liabilities | $31,476 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $178,700 |
| 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 | $210,176 |
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