Overview
What is Summit Education Initiative?
Summit Education Initiative is a nonprofit organization situated in Akron, Ohio. Their primary objective is to enhance the academic readiness of students, particularly in math and reading, preparing them for crucial standardized tests. They conduct an intensive summer academy and follow-up events to provide skill development and test-taking strategies. Recognizing that academic readiness is not the only challenge, they also focus on building aspirations by providing mentorship to guide students from high school to post-secondary institutions. The initiative aims to significantly increase the number of high school graduates who are ready for success, with a vision to dramatically improve individual and regional prosperity through increased educational attainment. They serve approximately 7,500 preschool and kindergarten students, 14,250 third-grade readers, 20,000 eighth-grade math students, 22,400 high school students, and help 7,400 students from the classes of 2020 and 2021 matriculate and persist in college. This nonprofit organization operates with a team of 15 dedicated individuals.
Official website here: www.seisummit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating
The Summit Education Initiative has received an 85% rating from Charity Navigator, reflecting a strong level of accountability and finance management. The rating is based entirely on the accountability and finance score, indicating that the organization has robust financial practices and governance structures in place. The initiative boasts an independent board with 100% of its members being independent, which enhances its transparency and accountability.
The organization excels in various key areas, such as having no material diversion of assets and maintaining a favorable liabilities to assets ratio of 9.60%. Additionally, it has demonstrated a commitment to transparency by listing its financial documents on its website and having comprehensive policies in place, including conflict of interest and whistleblower policies. A high program expense ratio of 78.97% suggests that a significant portion of its funds is directed toward its educational programs.
While the Summit Education Initiative shows strong performance in financial accountability and governance, the overall score is solely based on these metrics. Future evaluations may benefit from a broader assessment that includes program impact and outcomes to provide a more comprehensive view of the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Summit Education Initiative?
100% of 6 reviewers on Facebook recommend Summit Education Initiative. Here is a summary of their reviews:
Supporters of the Summit Education Initiative highlight the nonprofit's engaging community programs and family-oriented events. Reviews mention positive experiences related to their educational workshops, such as sessions that assist families with navigating contemporary homework challenges and provide valuable resources. The friendly environment and additional perks like meals, childcare, and door prizes contribute to a welcoming atmosphere that attendees appreciate.
Overall, participants express high satisfaction with the initiatives offered, indicating that the organization effectively delivers on its commitment to supporting families and enhancing educational opportunities in the community. The strong recommendation rate suggests that those involved feel positively about their experiences and the impact of the nonprofit's programs.
This AI summary has been generated from reviews found on Facebook.
Is Summit Education Initiative legitimate?
Summit Education Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Education Initiative 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: $105,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,276
For more financial information, click here
Official website here: www.seisummit.org
What is the mission statement of Summit Education Initiative?
The Summit Education Initiative's mission is geared towards significantly increasing the number of high school graduates who are prepared for success beyond their academic years. Their vision is to dramatically enhance individual and regional prosperity by boosting educational attainment levels. To achieve this, they prioritize academic readiness, offering intensive summer academies and follow-up events to enhance math and reading skills and test-taking strategies. Furthermore, they focus on aspiration building, providing mentorship to help remove social and cultural barriers and guide students towards post-secondary institution enrollment. The initiative aims to impact a substantial number of students at various stages of their education, including pre-school and kindergarten, third-grade reading, eighth-grade math, high school success, and college matriculation and persistence.
Official website here: www.seisummit.org
Who is the CEO of Summit Education Initiative?
David W James is the Chair of Summit Education Initiative.
Official website here: www.seisummit.org
What is the revenue of Summit Education Initiative?
Summit Education Initiative's revenue in 2022 was $1,681,930.
Official website here: www.seisummit.org
Who are the executives of Summit Education Initiative and what are their salaries?
The average compensation at Summit Education Initiative during 2022 was $46,683. There are 15 employees and 362 volunteers at Summit Education Initiative.
Here are 24 key members and their salaries:
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Official website here: www.seisummit.org
Where can I find the form 990 for Summit Education Initiative?
Summit Education Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seisummit.org
Learn more at the official website: www.seisummit.org
Mission Statement of Summit Education Initiative
Summit Education Initiative, a nonprofit organization, is committed to significantly increasing the number of high school graduates who are prepared for success beyond their academic careers. Their vision extends beyond individual achievement, aiming to dramatically improve regional prosperity through increased educational attainment.
The organization places a strong emphasis on academic readiness, particularly in subjects like math and reading. They conduct an intensive two-week summer academy for students in their senior year, focusing on skill development and test-taking strategies. A follow-up event, MathPalooza, reinforces key math concepts to ensure students have mastered the content. Beyond academics, Summit Education Initiative recognizes the importance of building aspirations. Mentors work with students from their junior year of high school, guiding them towards enrollment in post-secondary institutions.
In terms of impact, the organization has made strides in various grade levels, from preschool and kindergarten readiness to college matriculation and persistence. They have served thousands of students in these areas, demonstrating their commitment to improving educational outcomes and fostering future success.
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Impact
October, 2024
Summit Education Initiative significantly impacts student success by focusing on academic readiness and aspiration building. Their targeted approach ensures that young people are prepared for high school graduation and beyond, greatly enhancing their prospects for postsecondary education and career achievement.
The initiative prioritizes academic readiness, particularly through an intensive two-week summer academy designed to equip students with essential math and reading skills and effective test-taking strategies. Events like Mathpalooza further reinforce critical math skills, ensuring students are well-prepared for assessments such as the ACT.
Beyond academics, Summit Education Initiative acknowledges the importance of social and cultural factors in student success. Mentors play a vital role in guiding students through challenges from their junior year of high school to enrollment in higher education institutions.
The scale of their impact is notable: Approximately 7,500 students benefited from preschool and kindergarten readiness programs, while 14,250 students experienced improvements in third-grade reading skills. The initiative directly targeted around 20,000 students in preparation for eighth-grade math, along with supporting 22,400 high school students in achieving ninth-grade success and readiness for college and careers.
Additionally, Summit tracks the college matriculation and persistence of students from the classes of 2020 and 2021, demonstrating that 7,400 individuals remain connected to their educational paths. By focusing on both academic skills and essential life aspirations, Summit Education Initiative is shaping a more educated and prosperous future for students in Akron, Ohio, and beyond.
This information is meant to be a general summary of Summit Education Initiative. 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: $75,321
- Program Service Revenue: $38,822
- Gross Receipts: $1,822,474
Assets and Liabilities:
- Total Assets: $2,470,947
- Total Liabilities: $257,587
- Net Assets: $2,213,360
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTED SERVICES
Revenue
$38,822
Organization Details
Founding Year
1996
Phone
(330) 535-8833Principal Officer
David W James
Main Address
120 EAST MILL ST 303, AKRON, OH, 443081745
Website
www.seisummit.orgNTEE Category
Code: B99 - Education
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