Overview
What is Summit Schools Inc?
Summit Schools Inc, based in Cedar Rapids, Iowa, is a nonprofit organization committed to empowering children to become active, responsible, and productive members of society. By offering top-notch educational programs, the institution aims to help children reach their full potential. With a team of 52 dedicated professionals, Summit Schools Inc strives to provide quality academic education to its students, thereby contributing positively to their overall development.
Official website here: www.summitschools.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 69%. This rating indicates that Summit Schools Inc has room for improvement in its accountability and financial practices. The organization demonstrates strengths in having a fully independent board and a low liabilities to assets ratio, suggesting financial stability and oversight.
However, significant concerns are noted in the absence of financial statements, which resulted in a score of zero for that category, impacting overall transparency. Additionally, key policies such as those for conflict of interest and whistleblower protections are missing, which raises questions about governance and ethical safeguards. Though the organization shows a commendable program expense ratio of 91.74%, indicating a strong focus on its mission, the lack of crucial documentation detracts from its overall accountability.
In summary, while Summit Schools Inc exhibits certain strengths in governance and program funding, the missing financial documents and policies are critical areas that need attention. Addressing these gaps could enhance its rating and public trust, allowing for greater effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Summit Schools Inc legitimate?
Summit Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Schools Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $840,926
For more financial information, click here
Official website here: www.summitschools.com
What is the mission statement of Summit Schools Inc?
Summit Schools Inc's mission is centered around assisting children in achieving their fullest potential. This is accomplished through the provision of high-quality academic education. The institution aims to foster each child's development into fully functional, responsible, productive, and contributing members of society. To achieve this goal, Summit Schools Inc offers educational programs of exceptional quality.
Official website here: www.summitschools.com
Who is the CEO of Summit Schools Inc?
Larisa Bickel is the Board Member of Summit Schools Inc.
Official website here: www.summitschools.com
What is the revenue of Summit Schools Inc?
Summit Schools Inc's revenue in 2023 was $1,298,673.
Official website here: www.summitschools.com
Who are the executives of Summit Schools Inc and what are their salaries?
The average compensation at Summit Schools Inc during 2023 was $16,172. There are 52 employees and 120 volunteers at Summit Schools Inc.
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Official website here: www.summitschools.com
Where can I find the form 990 for Summit Schools Inc?
Summit Schools Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.summitschools.com
Learn more at the official website: www.summitschools.com
Mission Statement of Summit Schools Inc
Summit Schools Inc, a nonprofit organization, is dedicated to helping children reach their fullest potential. This is achieved through the provision of top-tier academic education. The mission of Summit Schools Inc is multifaceted, aiming to enable each child to become a fully functional, responsible, productive, and contributing member of society. To accomplish this lofty goal, the school offers educational programs of the highest quality. By doing so, Summit Schools Inc strives to foster an environment that nurtures the growth and development of each child, preparing them to make meaningful contributions to their communities and beyond.
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Impact
July, 2024
Summit Schools Inc's impact lies in its dedication to assisting children in reaching their fullest potential through quality academic education. By enabling each child to become fully functional, responsible, and productive members of society, Summit Schools Inc is making a tangible difference in the lives of young individuals in Cedar Rapids, IA. Through offering educational programs of the highest attainable quality, this organization is helping to shape the future generation and contribute positively to society. Their focus on education is critical in ensuring that children have the necessary tools and skills to succeed in their academic and personal lives.
This information is meant to be a general summary of Summit Schools Inc. 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: $13,603
- Program Service Revenue: $1,093,009
- Gross Receipts: $1,298,272
Assets and Liabilities:
- Total Assets: $1,418,436
- Total Liabilities: $448,944
- Net Assets: $969,492
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND RELATED FEES
Revenue
$1,093,009
Organization Details
Founding Year
1998
Phone
(319) 294-2036Principal Officer
Larisa Bickel
Main Address
1010 REGENT STREET NE, CEDAR RAPIDS, IA, 52402
Website
www.summitschools.comNTEE Category
Code: B20 - Education
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