Overview
What is Summit Speech School?
Summit Speech School is a nonprofit organization located at 705 Central Avenue, New Providence, New Jersey. Their primary focus is on educating hearing-impaired children between the ages of three and five. Their mission is to empower these children to become effective communicators using listening and spoken language. They achieve this goal with the support of families and professionals, believing in the limitless potential of these children to excel in their homes, schools, and communities, and to continue learning throughout their lives. With a team of 72 dedicated individuals, Summit Speech School provides a nurturing environment for these children to reach their full potential.
Official website here: www.summitspeech.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Summit Speech School has achieved a strong Four-Star rating from Charity Navigator, reflecting excellent performance in accountability and financial standards. With a score of 94%, the organization demonstrates a commitment to transparency and ethical governance. Notable aspects include a fully independent board, thorough financial oversight, and a comprehensive set of policies addressing conflicts of interest and whistleblower protections.
The school allocates a substantial portion of its resources to its programs, with a program expense ratio of 67.15%, indicating a focus on fulfilling its mission. Additionally, it maintains a healthy financial position, evidenced by a low liabilities to assets ratio of 4.00% and a working capital ratio of 2.30 years. These metrics suggest that the organization is well-equipped to sustain its initiatives and support its beneficiaries effectively.
However, while the fundraising efficiency ratio is acceptable at $0.24, there is room for improvement. This indicates that for every dollar raised, a significant portion is spent on fundraising activities, which could impact the overall resources available for programs. Overall, Summit Speech School displays a strong foundation but could enhance its fundraising strategies to maximize programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Summit Speech School legitimate?
Summit Speech School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Speech School 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: $286,937
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,592,152
For more financial information, click here
Official website here: www.summitspeech.org
What is the mission statement of Summit Speech School?
The Summit Speech School's mission is to empower children with hearing loss, enabling them to become effective communicators through the use of listening and spoken language. With the support of families and professionals, the school aims to remove any limitations, allowing these children to reach their full potential in various aspects of their lives, including their homes, schools, and communities. By doing so, they are fostering the development of lifelong learners.
Official website here: www.summitspeech.org
Who is the CEO of Summit Speech School?
Mary Baumont is the Trustee of Summit Speech School.
Official website here: www.summitspeech.org
What is the revenue of Summit Speech School?
Summit Speech School's revenue in 2022 was $4,268,879.
Official website here: www.summitspeech.org
Who are the executives of Summit Speech School and what are their salaries?
The average compensation at Summit Speech School during 2022 was $39,987. There are 72 employees and 35 volunteers at Summit Speech School.
Here are 15 key members and their salaries:
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- Other: $21,887
- Compensation: $132,938
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- Other: $25,799
Official website here: www.summitspeech.org
Where can I find the form 990 for Summit Speech School?
Summit Speech School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.summitspeech.org
Learn more at the official website: www.summitspeech.org
Mission Statement of Summit Speech School
Summit Speech School, a nonprofit organization, is dedicated to empowering children with hearing loss to become effective communicators using listening and spoken language. With the support of families and professionals, the institution believes that there are no limitations to these children reaching their fullest potential in various aspects of their lives, including their homes, schools, and communities. The children under Summit Speech School's care are encouraged to develop into lifelong learners.
The primary mission of Summit Speech School is to provide education to hearing-impaired children between the ages of three and five. Through this education, the children are taught to utilize listening and spoken language effectively, enabling them to communicate effectively in various settings. The ultimate goal is to help these children integrate seamlessly into their homes, schools, and communities. With the support of their families and professionals, these children are encouraged to reach their full potential and lead fulfilling lives.
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Impact
October, 2024
Summit Speech School empowers children with hearing loss to become effective communicators by focusing on listening and spoken language. By providing tailored education for children aged three to five, the school helps them build essential communication skills that enable them to thrive in their homes, schools, and communities. With strong support from families and professionals, these children can reach their fullest potential and develop into lifelong learners. The school's impact extends beyond the classroom, creating a foundation for successful social interactions and academic achievements, and fostering independence in a world that often presents challenges to those with hearing impairments.
This information is meant to be a general summary of Summit Speech School. 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: $46,682
- Program Service Revenue: $3,059,855
- Gross Receipts: $7,259,521
Assets and Liabilities:
- Total Assets: $7,846,224
- Total Liabilities: $381,867
- Net Assets: $7,464,357
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION
Revenue
$1,354,624
ITINERANT SERVICES
Revenue
$1,339,257
EARLY INTERVENTION
Revenue
$242,272
TUITION - EXTRAORDINARY
Revenue
$65,528
AUDIOLOGICAL SERVICE
Revenue
$58,174
Organization Details
Founding Year
1967
Phone
(908) 508-0011Principal Officer
Mary Baumont
Main Address
705 CENTRAL AVENUE, NEW PROVIDENCE, NJ, 07974
Website
www.summitspeech.orgNTEE Category
Code: B28 - Education
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