Overview
What is Summit Academy Oic?
Summit Academy Oic, based in Minneapolis, Minnesota, is a non-profit organization dedicated to empowering economically disadvantaged residents of the Twin Cities area. With a rich history spanning over 50 years, this vocational training and educational center offers tailored adult education and support services to help individuals become self-sufficient, contributing members of their community. Accredited by the Council on Occupational Education and registered with the Minnesota Higher Education Services Office, Summit Academy Oic provides access to various career tracks, including construction, healthcare, energy efficiency, and green construction. Their Career and Technology Center offers pre-apprentice training programs, and since fiscal 2019, they have introduced IT careers like help desk support, network operations center, application development, and cyber security. The organization also supports students' life skills development and job seeking, placement, and retention. In addition to adult education, Summit Academy Oic serves the local youth from preschool through high school with STEM programming. They believe that a job is the best social service program and that self-sufficiency is achievable regardless of background or economic status. The ripple effect of their work extends beyond individuals, leading to more stable families, stronger communities, and reduced social service and incarceration costs. Currently, the organization employs 153 individuals.
Official website here: www.saoic.org
What are the reviews and ratings of this charity?
100% rating from Charity Navigator indicates that Summit Academy OIC has achieved a Four-Star out of Four Star rating, demonstrating exceptional accountability and finance practices. The organization has a fully independent board and strong oversight measures, including well-managed financial statements and no material diversions of assets. These factors contribute to a solid financial health rating, with low liabilities and high program expenses directed toward their mission.
User feedback highlights a mixed perception of Summit Academy OIC. Many individuals, like former students, express profound gratitude for the transformative impact the organization had on their lives, emphasizing the supportive environment and career readiness provided. This sentiment showcases the organization's strengths in equipping individuals with the skills and confidence needed to succeed in the workforce.
However, there are criticisms regarding the graduation and job placement rates. Some reviewers point out that a significant number of enrolled students do not graduate, and a portion of graduates secure jobs that are below living wage, raising questions about the effectiveness of the training programs. These concerns suggest that while the organization demonstrates strong financial practices, there are challenges in achieving optimal outcomes for all students.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Summit Academy Oic legitimate?
Summit Academy Oic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Academy Oic 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: $1,214,044
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,260,731
For more financial information, click here
Official website here: www.saoic.org
What is the mission statement of Summit Academy Oic?
Summit Academy Oic is a non-profit organization dedicated to helping individuals develop their abilities to earn and contribute to their community. Their mission is to promote self-sufficiency, regardless of background or economic status. By preparing individuals to assume roles as workers, citizens, and parents, the organization aims to strengthen communities and break the cycle of poverty and crime.
Summit Academy offers vocational training and educational programs tailored to the specific needs of the communities they serve. Their Career and Technology Center provides pre-apprentice training in various fields, including healthcare, energy efficiency, green construction, and IT careers. Additionally, they offer a contextualized GED program, allowing individuals to earn a diploma while attaining advanced certificates.
Summit Academy also serves youth from pre-school through high school with STEM programming, inspiring curiosity and interest in science, technology, engineering, and mathematics. In the past fiscal year, they served 1,779 youth and 911 adult students, with 342 adults placed in employment. The median hourly wage for graduates is $21.
Official website here: www.saoic.org
Who is the CEO of Summit Academy Oic?
Leroy West is the President of Summit Academy Oic. The CEO's salary of Summit Academy Oic is $324,270 and their total compensation is $359,318.
Official website here: www.saoic.org
What is the revenue of Summit Academy Oic?
Summit Academy Oic's revenue in 2023 was $15,821,209.
Official website here: www.saoic.org
Who are the executives of Summit Academy Oic and what are their salaries?
The average compensation at Summit Academy Oic during 2023 was $42,319. There are 153 employees and 250 volunteers at Summit Academy Oic.
Here are 31 key members and their salaries (Summit Academy Oic's CEO's salary is $324,270 and their total compensation is $359,318):
- Compensation: $324,270
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- Other: $35,048
- Compensation: $240,715
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- Compensation: $174,032
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- Compensation: $151,828
- Related: $0
- Other: $17,716
- Compensation: $122,792
- Related: $0
- Other: $11,305
- Compensation: $116,223
- Related: $0
- Other: $16,026
- Compensation: $102,436
- Related: $0
- Other: $13,787
- Compensation: $102,143
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- Other: $20,725
- Compensation: $25,867
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- Other: $1,076
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Official website here: www.saoic.org
Where can I find the form 990 for Summit Academy Oic?
Summit Academy Oic's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.saoic.org
Learn more at the official website: www.saoic.org
Mission Statement of Summit Academy Oic
Summit Academy Oic, a non-profit vocational training and educational center, is dedicated to helping individuals in economically depressed neighborhoods develop their ability to earn and contribute to their community. The organization's mission is to assist individuals in becoming self-sufficient, regardless of their background or economic status. Summit Academy strengthens communities by preparing people to assume their roles as workers, citizens, and parents.
Summit Academy Oic believes that a job is the best social service program. Through its adult education programs, graduates are provided the opportunity to lift themselves out of poverty and hopelessness and onto a path to a better life for themselves and their families. Previously limited by chronic unemployment and a lack of resources, these men and women now have the chance to fundamentally change their circumstances by increasing their income and improving their quality of life.
Summit Academy offers tailored education and support services to meet the specific needs of the communities it serves. Its Career and Technology Center provides pre-apprentice training in construction, with tracks in carpentry and electrical work, as well as programs in medical administrative assistant and IT careers. The center also offers a contextualized GED program, allowing individuals without a high school diploma to earn a GED in conjunction with an advanced certificate in the aforementioned careers. All career tracks are supported with services that develop students' life skills and assist in job seeking, placement, and retention.
In addition to post-secondary offerings, Summit Academy serves area youth from pre-school through high school with STEM programming. Monthly STEM Saturdays, led by staff and volunteers, provide age-appropriate STEM activities to stimulate curiosity and interest in STEM careers. The annual STEM Fest is a day-long festival of STEM-related topics, games, experiments, and activities intended to inspire and engage students in STEM fields. In Fiscal 2023, Summit served 1779 youth and 93 volunteers, and its Career and Technology Center served 911 adult students, with 424 obtaining their GED or graduating with a vocational training certificate of completion, and 342 adults placed in employment, earning a median hourly wage of $21.
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Impact
October, 2024
Summit Academy OIC has a profound impact on individuals and the broader community in North Minneapolis. By providing vocational training and educational services tailored for residents in economically depressed neighborhoods, it equips individuals with the essential skills to secure gainful employment and achieve self-sufficiency.
Over its 50 years of operation, Summit Academy has transformed the lives of many by offering programs in various fields such as community healthcare, energy efficiency, green construction, and IT. The Career and Technology Center's pre-apprentice training in construction directly addresses the demand for skilled labor while offering pathways to stability for participants. For instance, in the latest fiscal year, 911 adult students benefited from these services, with 424 obtaining their GED or vocational training certificate and 342 placements in jobs that average a median income of $21 per hour.
Beyond individual success stories, the ripple effect of this training extends into families and the community. As graduates enter the workforce, they become role models, instilling a sense of hope and aspiration in younger generations. This contribution not only stabilizes families but also helps break cycles of poverty, thereby enhancing the overall health and wellness of the community. The reduction in the need for social services and incarceration costs further underscores the program's far-reaching benefits.
Summit Academy OIC is also committed to enriching the lives of youth through engaging STEM programming, fostering curiosity and interest in future careers. Activities like "STEM Saturdays" and the annual "STEM Fest" serve as vital resources for over 1,779 youth, instilling a sense of exploration and learning.
In summary, Summit Academy OIC not only transforms lives through education and employment but also plays a crucial role in strengthening the fabric of the community, ensuring a brighter future for many.
This information is meant to be a general summary of Summit Academy Oic. 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 2023.
- Investment Income: $139,606
- Program Service Revenue: $4,685,237
- Gross Receipts: $16,282,309
Assets and Liabilities:
- Total Assets: $18,819,354
- Total Liabilities: $2,328,312
- Net Assets: $16,491,042
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$4,530,756
OTHER PROGRAM REVENUE
Revenue
$94,860
SOLAR ACTIVITY REVENUE
Revenue
$37,036
DINING REVENUE
Revenue
$22,585
Organization Details
Founding Year
1966
Phone
(612) 377-0150Principal Officer
Leroy West
Main Address
935 OLSON MEMORIAL HIGHWAY, MINNEAPOLIS, MN, 55405
Website
www.saoic.orgNTEE Category
Code: B28 - Education
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