Overview
What is Summit Academy Incorporated?
Summit Academy Incorporated is a nonprofit organization based in Draper, Utah. With a team of 440 employees, they manage and operate a public charter school that caters to students from kindergarten to eighth grade. Their mission is to guide, direct, and promote this school, which is funded by local, state, and federal sources. The organization's primary focus is on the education and development of young learners.
Official website here: www.summitacademyschools.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% - Three-Star out of Four Star rating.
Summit Academy Incorporated has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The organization scored 81% overall, with a strong focus on accountability and finance, reflecting their commitment to transparency and responsible stewardship of resources.
The nonprofit exhibits several strengths, including a fully independent board of directors and excellent financial oversight mechanisms. Their program expense ratio is notably high at 91.09%, showcasing their dedication to utilizing funds effectively for programmatic activities. The organization also has robust policies in place regarding conflicts of interest and whistleblowing, which contribute to its strong governance framework.
However, there is a slight concern regarding the organization's liabilities to assets ratio, which scored 0 out of 15 points. This may imply potential financial risks that could affect long-term stability. Overall, while Summit Academy demonstrates strong accountability and effective financial practices, attention may be needed to enhance its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Summit Academy Incorporated legitimate?
Summit Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Academy Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $381,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,069,341
For more financial information, click here
Official website here: www.summitacademyschools.org
What is the mission statement of Summit Academy Incorporated?
Summit Academy Incorporated is dedicated to managing, operating, guiding, and promoting a public charter school funded by local, state, and federal sources. Their mission is to oversee the education of students from kindergarten to eighth grade, providing them with quality instruction and resources. By managing this charter school, Summit Academy Incorporated aims to make a positive impact on the lives of its students and contribute to their academic growth. The organization's efforts are geared towards ensuring the school operates effectively, receives necessary funding, and delivers a well-rounded education to its students.
Official website here: www.summitacademyschools.org
Who is the CEO of Summit Academy Incorporated?
Jon Eborn is the Executive Di of Summit Academy Incorporated.
Official website here: www.summitacademyschools.org
What is the revenue of Summit Academy Incorporated?
Summit Academy Incorporated's revenue in 2022 was $22,619,755.
Official website here: www.summitacademyschools.org
Who are the executives of Summit Academy Incorporated and what are their salaries?
The average compensation at Summit Academy Incorporated during 2022 was $26,024. There are 440 employees and 947 volunteers at Summit Academy Incorporated.
Here are 9 key members and their salaries:
- Compensation: $125,455
- Related: $0
- Other: $21,468
- Compensation: $109,638
- Related: $0
- Other: $27,405
- Compensation: $92,727
- Related: $0
- Other: $31,638
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.summitacademyschools.org
Where can I find the form 990 for Summit Academy Incorporated?
Summit Academy Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.summitacademyschools.org
Learn more at the official website: www.summitacademyschools.org
Mission Statement of Summit Academy Incorporated
Summit Academy Incorporated is a dedicated organization that oversees the management, operation, and promotion of a publicly-funded charter school. This nonprofit entity, which manages education for students from kindergarten through eighth grade, relies on funding from local, state, and federal sources to carry out its mission.
In simple terms, Summit Academy Incorporated is committed to guiding, directing, and promoting the successful functioning of a public charter school. By assuming this role, it ensures the provision of quality education for its students. The organization's primary goal is to create an educational environment that fosters growth and learning for young minds.
Summit Academy Incorporated's dedicated team works tirelessly to ensure the operational excellence of the charter school. Their efforts encompass managing daily school activities, providing guidance to students, and promoting the school's vision and mission. This nonprofit organization plays a vital role in the education landscape, offering a valuable alternative option to families seeking quality educational opportunities for their children.
In essence, Summit Academy Incorporated serves as the backbone for the successful operation of a publicly-funded charter school, ensuring that students receive a well-rounded education and the best possible start in life.
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Impact
October, 2024
Summit Academy Incorporated plays a crucial role in the educational landscape by managing and operating a public charter school in Draper, Utah, catering to students from kindergarten through eighth grade. Its impact is seen in the personalized educational experiences it provides, fostering academic achievement and growth among the young learners in the community.
By leveraging local, state, and federal funding, Summit Academy ensures that a high-quality education is accessible, promoting a learning environment that encourages exploration, creativity, and critical thinking. The academy's focus on guiding and directing educational practices creates a supportive atmosphere where students can thrive both academically and socially.
Overall, Summit Academy Incorporated contributes significantly to the well-being and development of its students, preparing them for future educational endeavors and nurturing a love for learning that extends beyond the classroom.
This information is meant to be a general summary of Summit Academy Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $62,171
- Program Service Revenue: $1,988,260
- Gross Receipts: $22,619,755
Assets and Liabilities:
- Total Assets: $60,757,403
- Total Liabilities: $53,012,136
- Net Assets: $7,745,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL
Revenue
$1,622,498
SCHOOL OTHER
Revenue
$354,567
FOOD SERVICES
Revenue
$11,195
Organization Details
Founding Year
2003
Phone
(801) 572-9007Principal Officer
Jon Eborn
Main Address
1285 EAST 13200 SOUTH, DRAPER, UT, 840209000
Website
www.summitacademyschools.orgNTEE Category
Code: B29 - Education
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