Overview
What is New Summit Academy?
New Summit Academy is a nonprofit organization situated in Colorado Springs, Colorado. With a workforce of 107 individuals, their primary goal is to establish a secure and academically stimulating environment that fosters a passion for learning. Their mission is to motivate and empower students, encouraging them to surpass their personal limits and achievements. While specific details about their activities or mission are not provided, the information suggests they are committed to providing a nurturing and educational environment for their students.
Official website here: www.newsummitcharter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
New Summit Academy has achieved a Three-Star rating from Charity Navigator, primarily based on its strong performance in Accountability & Finance, which accounts for 100% of its score. The organization demonstrates a commitment to transparency and governance, evidenced by its fully independent board and adherence to best practices in financial oversight. The absence of material diversion of assets and the presence of conflict of interest and whistleblower policies further enhance its credibility.
The financial efficiency of New Summit Academy is notable, with a program expense ratio of 75.26%, indicating a significant portion of its expenditures directly supports its charitable activities. This reflects a solid operational focus on fulfilling its mission. However, the organization's overall rating does not encompass other areas of performance, as it solely relies on financial metrics.
While New Summit Academy showcases commendable financial practices and governance structures, potential donors may want to consider additional factors, such as program impact and community feedback, which are not reflected in the rating. This limitation suggests that a more comprehensive evaluation could be beneficial for those looking to support the organization.
This AI summary has been generated from information found on Charity Navigator.
Is New Summit Academy legitimate?
New Summit Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Summit Academy 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: $196,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,634,846
For more financial information, click here
Official website here: www.newsummitcharter.org
What is the mission statement of New Summit Academy?
New Summit Academy's mission is centered around creating a secure and educational environment that fosters a love for learning. The academy aims to motivate and empower its students, encouraging them to surpass their limitations and reach new heights of achievement. This mission is accomplished by emphasizing the importance of learning and inspiring students to take on new challenges.
Official website here: www.newsummitcharter.org
What is the revenue of New Summit Academy?
New Summit Academy's revenue in 2024 was $8,271,163.
Official website here: www.newsummitcharter.org
Who are the executives of New Summit Academy and what are their salaries?
The average compensation at New Summit Academy during 2024 was $31,665. There are 121 employees at New Summit Academy.
Here are 6 key members and their salaries:
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- Compensation: $147,949
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- Other: $42,780
Official website here: www.newsummitcharter.org
Where can I find the form 990 for New Summit Academy?
New Summit Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.newsummitcharter.org
Learn more at the official website: www.newsummitcharter.org
Mission Statement of New Summit Academy
New Summit Academy, as stated in its mission, is committed to establishing a secure and educational environment that fosters a deep-seated love of learning. This mission aims to motivate and empower its students, encouraging them to surpass their own limits and reach new heights. The organization's objective is to create a community where students feel safe and inspired, providing them with the tools they need to achieve their full potential.
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Impact
July, 2024
New Summit Academy makes a positive impact by providing a safe and educational community for students in Colorado Springs. Through its emphasis on a love of learning, the academy inspires and empowers students to reach new heights in their academic and personal growth. This focus helps students build confidence, develop essential skills, and prepare for success in their future endeavors.
This information is meant to be a general summary of New Summit Academy. 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 2024.
- Investment Income: $164,354
- Program Service Revenue: $7,551,037
- Gross Receipts: $8,271,163
Assets and Liabilities:
- Total Assets: $5,053,529
- Total Liabilities: $7,933,890
- Net Assets: -$2,880,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Pupil Funding
Revenue
$6,414,673
Mill Levy Override Rev
Revenue
$640,444
Charges for Services
Revenue
$495,920
Organization Details
Founding Year
2016
Principal Officer
Kim Mcclelland
Website
www.newsummitcharter.orgNTEE Category
Code: B29 - Education
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