SUMMIT ACADEMY OIC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SUMMIT ACADEMY OIC (EIN 41-0908458)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-10-01
- IRS object ID
- 202422759349301242
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-01T16:37:25-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 S 6TH STREET SUITE 300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410908458 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUMMIT ACADEMY OIC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SUMM | BusinessNameControlTxt |
| Phone | 6123770150 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 935 OLSON MEMORIAL HIGHWAY | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55405 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARC L CARRIER | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6123770150 | PhoneNum |
| Signature | 2024-10-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANN NEIL | PreparerPersonNm |
| PTIN | P01817922 | PTIN |
| Phone | 6123764500 | PhoneNum |
| Preparation | 2024-10-01 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LEROY WEST | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 935 OLSON MEMORIAL HIGHWAY | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,418,226 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SAOIC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1966 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | ASSIST INDIVIDUALS TO DEVELOP THEIR ABILITY TO EARN AND TO BECOME CONTRIBUTORS IN THEIR COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 183 | TotalEmployeeCnt |
| Total Volunteers | 250 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,234,891 | PYContributionsGrantsAmt |
| CY Contributions Grants | $13,133,588 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,685,237 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,760,676 | CYProgramServiceRevenueAmt |
| PY Investment Income | $139,606 | PYInvestmentIncomeAmt |
| CY Investment Income | $23,528 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$238,525 | PYOtherRevenueAmt |
| CY Other Revenue | $35,233 | CYOtherRevenueAmt |
| PY Total Revenue | $15,821,209 | PYTotalRevenueAmt |
| CY Total Revenue | $17,953,025 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,123,448 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,525,620 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,629,833 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,768,271 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $77,585 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,255,857 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,911,178 | PYOtherExpensesAmt |
| CY Other Expenses | $4,050,573 | CYOtherExpensesAmt |
| PY Total Expenses | $14,664,459 | PYTotalExpensesAmt |
| CY Total Expenses | $15,422,049 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,156,750 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,530,976 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $18,819,354 | TotalAssetsBOYAmt |
| Total Assets EOY | $21,768,604 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,328,312 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,518,292 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $16,491,042 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $19,250,312 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO ASSIST INDIVIDUALS IN DEVELOPING THEIR ABILITY TO EARN AND BECOME CONTRIBUTING CITIZENS IN THEIR COMMUNITY. WE SUPPORT THE DEVELOPMENT OF SELF SUFFICIENCY IN EVERY PERSON REGARDLESS OF BACKGROUND, ECONOMIC STATUS, OR LEVEL OF ABILITY. WE STRENGTHEN THE COMMUNITY BY PREPARING INDIVIDUALS TO ASSUME THEIR ROLES AS WORKERS, CITIZENS, AND PARENTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,505,628 | ExpenseAmt |
| Grant | $2,525,620 | GrantAmt |
| Revenue | $4,760,676 | RevenueAmt |
| Desc | SUMMIT ACADEMY OIC IS A NON-PROFIT VOCATIONAL TRAINING AND EDUCATIONAL CENTER BASED IN NORTH MINNEAPOLIS WITH 50 YEARS' EXPERIENCE HELPING TWIN CITIES' RESIDENTS IN ECONOMICALLY DEPRESSED NEIGHBORHOODS ACQUIRE THE TOOLS THEY NEED TO BECOME EDUCATED, EMPLOYED, AND SELF-SUPPORTING. SUMMIT ACADEMY IS THE ONLY COMMUNITY-BASED VOCATIONAL TRAINING AND JOB-PLACEMENT PROGRAM IN NORTH MINNEAPOLIS ACCREDITED BY THE COUNCIL ON OCCUPATIONAL EDUCATION AND REGISTERED WITH THE MINNESOTA HIGHER EDUCATION SERVICES OFFICE.AT SUMMIT ACADEMY OIC, WE BELIEVE THE BEST SOCIAL SERVICE PROGRAM IN THE WORLD IS A JOB. GRADUATES FROM OUR ADULT EDUCATION PROGRAMS ARE GIVEN THE OPPORTUNITY TO LIFT THEMSELVES UP FROM A LIFE OF POVERTY AND HOPELESSNESS ONTO A PATH THAT WILL LEAD TO A BETTER LIFE FOR THEMSELVES AND THEIR FAMILIES. WHERE BEFORE, THESE MEN AND WOMEN WERE LIMITED BY CHRONIC UNEMPLOYMENT, A COMPLETE LACK OF RESOURCES, AND IN MANY CASES, A LACK OF FAITH IN THEMSELVES, THEY NOW HAVE THE CHANCE TO FUNDAMENTALLY CHANGE THEIR CIRCUMSTANCES BY INCREASING THEIR INCOME AND THEIR QUALITY OF LIFE. WHEN ADULTS WORK FULL-TIME LIVING-WAGE JOBS, THEY BECOME ROLE MODELS TO YOUNG ADULTS AND CHILDREN, FAMILIES BECOME MORE STABLE, AND THE CYCLE THAT HAS KEPT THEIR COMMUNITIES POOR AND CRIME-RIDDEN IS BROKEN. THESE POSITIVE CHANGES CONTINUE TO RIPPLE OUT EVEN FURTHER INTO THE LARGER COMMUNITY AS FEWER SOCIAL SERVICES AND INCARCERATION COSTS ARE INCURRED AND GRADUATES BEGIN TO PAY TAXES. AFTER RECEIVING TRAINING IN COMMUNITY HEALTHCARE, ENERGY EFFICIENCY AND GREEN CONSTRUCTION, THESE GRADUATES HAVE GONE ON TO WORK IN JOBS THAT DIRECTLY IMPROVE MINNESOTA'S INFRASTRUCTURE.SUMMIT ACADEMY OFFERS ADULT EDUCATION AND SUPPORT SERVICES THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITIES WE SERVE. OUR CAREER AND TECHNOLOGY CENTER PROVIDES PRE-APPRENTICE TRAINING IN CONSTRUCTION (HUNDRED HARD HATS PROGRAM), WITH SPECIFIC TRACKS IN CARPENTRY AND ELECTRICAL WORK. THE CTC ALSO OFFERS PROGRAMS IN MEDICAL ADMINISTRATIVE ASSISTANT , INFORMATION TECHNOLOGY CAREERS AND IN 2024 WE INITIATED TRAINING IN FINANCIAL SERVICES. IN ADDITION TO THE POST SECONDARY OFFERINGS SUMMIT OFFERS A CONTEXTUALIZED GED PROGRAM THAT PROVIDES INDIVIDUALS WITHOUT A HIGH SCHOOL DIPLOMA THE OPPORTUNITY TO EARN A GED IN CONJUNCTION WITH ATTAINTING AN ADVANCED CERTIFICATE IN THE AFOREMENTIONED CARRERS. ALL CAREER TRACKS ARE ALL SUPPORTED WITH SERVICES THAT DEVELOP STUDENTS' LIFE SKILLS AND ASSIST IN JOB SEEKING, PLACEMENT, AND RETENTION.IN THIS FISCAL YEAR (JULY 1, 2023- JUNE 30, 2024), SUMMIT'S CAREER AND TECHNOLOGY CENTER SERVED 954 ADULT STUDENTS, AND 559 OBTAINED THEIR GED OR GRADUATED WITH A VOCATIONAL TRAINING CERTIFICATE OF COMPLETION. OVER THAT TIME SUMMIT PLACED 331 ADULTS IN EMPLOYMENT. JOB EARNINGS FOR ALL PROGRAMS ARE AT A MEDIAN OF $21 PER HOUR. | Desc |
| Total Program Service Expenses | $11,505,628 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 31 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 183 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARC CARRIER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6123770150 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 935 OLSON MEMORIAL HIGHWAY | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55405 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| BILL PARKER | |||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MIQUEL PURVIS MCMOORE | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JIM TORBORG | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| WAYNE GRAY | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVID JURAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK MOOREHOUSE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HEIDI WEAVER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVE NORBACK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIC GRUTZNER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KARL HURSTON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LAURA GROSCHEN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| IDRISSA DAVIS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KRISTIN DENNEWILL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOM ZIRBS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KIRSTEN WALSTIEN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| OURAPHONE SIRI OUTHAY WILLS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ESTHER LEDESMA PUMAROL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEROY WEST | |||||||
| CEO | 40.00 | Yes (X) | $253,590 | $0 | $19,010 | ||
| MARC L CARRIER | |||||||
| CFO | 40.00 | Yes (X) | $211,754 | $0 | $21,502 | ||
| HOPE PATTERSON | |||||||
| COO | 40.00 | Yes (X) | $148,215 | $0 | $25,111 | ||
| SARAH ARMSTRONG | |||||||
| CHIEF DEVELOPMENT OFFICER | 40.00 | Yes (X) | $153,372 | $0 | $15,136 | ||
| ANNE-MARIE KUIPER | |||||||
| CHIEF STRATEGY OFFICER | 40.00 | Yes (X) | $136,737 | $0 | $16,049 | ||
| MIRIAM WILLIAMS | |||||||
| CHIEF ACADEMIC OFFICER | 40.00 | Yes (X) | $176,943 | $0 | $6,880 | ||
| MEGAN NORMANDIN | |||||||
| DIRECTOR OF DATA & EVALUATION | 40.00 | $136,111 | $0 | $15,936 | Yes (X) | ||
| AMANDA SOMMERFELD | |||||||
| DIRECTOR OF ACCOUNTING | 40.00 | $117,227 | $0 | $13,222 | Yes (X) | ||
| ANTHONY O'BRIEN | |||||||
| DIRECTOR OF PROGRAMMING | 40.00 | $133,725 | $0 | $6,324 | Yes (X) | ||
| JAMIL MOHAMMED | |||||||
| DIRECTOR OF INFORMATION TECH | 40.00 | $111,143 | $0 | $16,413 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,578,817 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $155,583 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CLIFTONLARSONALLEN | |||||
| 220 SOUTH SIXTH STREET SUITE 300 | MINNEAPOLIS | MN | 55402 | CRM DEVELOPMENT & AUDITING SERVICES | $213,803 |
| ATOMIC DATA | |||||
| 250 MARQUETTE AVE | MINNEAPOLIS | MN | 55401 | DATA NETWORK MONITORING AND SUPPORT | $209,141 |
| ROBERT HALF | |||||
| PO BOX 743295 | LOS ANGELES | CA | 90074 | EXECUTIVE TEMP SERVICES | $162,943 |
| GRANDER GUARD | |||||
| 6868 WASHINGTON AVE S | EDEN PRAIRIE | MN | 55344 | SECURITY SERVICES | $150,767 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $691,541 | FundraisingAmt |
| Government Grants | $3,113,790 | GovernmentGrantsAmt |
| All Other Contributions | $9,328,257 | AllOtherContributionsAmt |
| Noncash Contributions | $54,457 | NoncashContributionsAmt |
| Total Contributions | $13,133,588 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611600 | $4,404,019 | $4,404,019 |
| OTHER PROGRAM REVENUE | 611600 | $315,239 | $315,239 |
| SOLAR ACTIVITY REVENUE | 900099 | $37,036 | $37,036 |
| DINING REVENUE | 722210 | $4,382 | $4,382 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,760,676 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,528 | TotalRevenueColumnAmt |
| Exclusion | $23,528 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $129,600 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $301,017 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$171,417 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$171,417 | TotalRevenueColumnAmt |
| Exclusion | -$171,417 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $42,900 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $691,541 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $164,184 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$121,284 | TotalRevenueColumnAmt |
| Exclusion | -$121,284 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSURANCE PROCEEDS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $327,934 | TotalRevenueColumnAmt |
| Exclusion | $327,934 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $327,934 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,953,025 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,760,676 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $58,761 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,525,620 | TotalAmt |
| Program Services | $2,525,620 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,276,198 | TotalAmt |
| Program Services | $338,808 | ProgramServicesAmt |
| Management And General | $727,281 | ManagementAndGeneralAmt |
| Fundraising | $210,109 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,208,715 | TotalAmt |
| Program Services | $4,824,116 | ProgramServicesAmt |
| Management And General | $961,847 | ManagementAndGeneralAmt |
| Fundraising | $422,752 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,532 | TotalAmt |
| Program Services | $115,996 | ProgramServicesAmt |
| Management And General | $1,891 | ManagementAndGeneralAmt |
| Fundraising | $3,645 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $599,506 | TotalAmt |
| Program Services | $514,945 | ProgramServicesAmt |
| Management And General | $51,214 | ManagementAndGeneralAmt |
| Fundraising | $33,347 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $562,320 | TotalAmt |
| Program Services | $448,247 | ProgramServicesAmt |
| Management And General | $76,895 | ManagementAndGeneralAmt |
| Fundraising | $37,178 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,429 | TotalAmt |
| Management And General | $137,429 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,167 | TotalAmt |
| Management And General | $48,167 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,000 | TotalAmt |
| Management And General | $74,000 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,585 | TotalAmt |
| Fundraising | $77,585 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $899,331 | TotalAmt |
| Program Services | $660,620 | ProgramServicesAmt |
| Management And General | $115,123 | ManagementAndGeneralAmt |
| Fundraising | $123,588 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,591 | TotalAmt |
| Program Services | $409,691 | ProgramServicesAmt |
| Fundraising | $4,900 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $494,638 | TotalAmt |
| Program Services | $441,030 | ProgramServicesAmt |
| Management And General | $46,725 | ManagementAndGeneralAmt |
| Fundraising | $6,883 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $383,208 | TotalAmt |
| Program Services | $351,874 | ProgramServicesAmt |
| Management And General | $21,124 | ManagementAndGeneralAmt |
| Fundraising | $10,210 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,448 | TotalAmt |
| Program Services | $77,063 | ProgramServicesAmt |
| Management And General | $26,833 | ManagementAndGeneralAmt |
| Fundraising | $2,552 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,375 | TotalAmt |
| Program Services | $184 | ProgramServicesAmt |
| Management And General | $22,783 | ManagementAndGeneralAmt |
| Fundraising | $16,408 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $612,990 | TotalAmt |
| Program Services | $549,382 | ProgramServicesAmt |
| Management And General | $36,964 | ManagementAndGeneralAmt |
| Fundraising | $26,644 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|---|
| BAD DEBT EXPENSE | $413,543 | $213,543 | $200,000 | |
| DUES/SUBSCRIPTIONS | $193,865 | $41,734 | $13,914 | $138,217 |
| EQUIPMENT RENTAL & MAIN | $37,530 | $2,354 | $1,683 | $33,493 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,458 | TotalAmt |
| Program Services | $76,342 | ProgramServicesAmt |
| Management And General | $54,657 | ManagementAndGeneralAmt |
| Fundraising | $64,459 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,422,049 | TotalAmt |
| Program Services | $11,505,628 | ProgramServicesAmt |
| Management And General | $2,660,564 | ManagementAndGeneralAmt |
| Fundraising | $1,255,857 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,417,088 | BOYAmt |
| EOY | $4,208,347 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,039,623 | BOYAmt |
| EOY | $1,095,832 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,364,099 | BOYAmt |
| EOY | $2,710,033 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $971,365 | BOYAmt |
| EOY | $1,291,078 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,014 | BOYAmt |
| EOY | $58,298 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,484,318 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,961,827 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,683,760 | BOYAmt |
| EOY | $5,522,491 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,773,454 | BOYAmt |
| EOY | $6,666,223 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $399,951 | BOYAmt |
| EOY | $216,302 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,819,354 | BOYAmt |
| EOY | $21,768,604 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,145,741 | BOYAmt |
| EOY | $1,373,371 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,719 | BOYAmt |
| EOY | $309,878 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,032,852 | BOYAmt |
| EOY | $835,043 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,328,312 | BOYAmt |
| EOY | $2,518,292 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,495,418 | BOYAmt |
| EOY | $14,509,256 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,995,624 | BOYAmt |
| EOY | $4,741,056 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,491,042 | BOYAmt |
| EOY | $19,250,312 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,819,354 | BOYAmt |
| EOY | $21,768,604 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,530,976 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $228,294 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Volunteers | Yes (1) | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $74,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $74,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE ACADEMY SECURED SERVICES OF REGISTERED LOBBYISTS TO REPRESENT OUR DIRECT FUNDING EFFORTS FROM THE MN LEGISLATURE AND LOCAL GOVERNMENTAL BODIES. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,492,888 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $183,403 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $13,000 | OtherExpendituresAmt |
| End Year Balance | $1,663,291 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,363,286 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $129,602 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,492,888 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,600,723 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$237,437 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,363,286 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,321,624 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $280,897 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,798 | AdministrativeExpensesAmt |
| End Year Balance | $1,600,723 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,265,786 | BeginningYearBalanceAmt |
| Contributions | $411 | ContributionsAmt |
| Investment Earnings Or Losses | $62,683 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $7,256 | AdministrativeExpensesAmt |
| End Year Balance | $1,321,624 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.78000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.22000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $465,500 | OtherCostOrOtherBasisAmt |
| Book Value | $465,500 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,553,676 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,816,030 | DepreciationAmt |
| Book Value | $3,737,646 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,411,886 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,092,541 | DepreciationAmt |
| Book Value | $1,319,345 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $53,256 | OtherCostOrOtherBasisAmt |
| Depreciation | $53,256 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,522,491 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CAPITAL LEASE | $180,175 |
| ASSET RETIREMENT OBLIGATION | $285,790 |
| UTILITY CONTRACT OBLIGATION | $369,078 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $835,043 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $16,053,490 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $228,294 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $29,790 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $223,432 | OtherRevenueAmt |
| Revenue Not Reported | $481,516 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,571,974 | RevenueSubtotalAmt |
| Other Revenues Not Included | $2,381,051 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,381,051 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,953,025 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $13,622,154 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $29,790 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $301,017 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $330,807 | ExpensesNotReportedAmt |
| Expenses Subtotal | $13,291,347 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,130,702 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,130,702 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,422,049 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE TWO PURPOSES STATED FOR THE ENDOWMENTS ARE 1) FUTURE FACILITY IMPROVEMENTS AND 2) STRATEGIC OPPORTUNITIES AS IDENTIFIED AND APPROVED BY THE BOARD OF DIRECTORS. |
| PART X, LINE 2: | SUMMIT ACADEMY OIC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR MINNESOTA STATUTES. SUMMIT ACADEMY OIC IS NOT CONSIDERED A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE ORGANIZATION ARE CONSIDERED TAX DEDUCTIBLE. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 301,017. PROFESSIONAL FUNDRAISING EXPENSE -77,585. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SAOIC TUITION GRANTS 2,053,117. INSURANCE PROCEEDS 327,934. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 301,017. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SAOIC TUITION GRANTS 2,053,117. PROFESSIONAL FUNDRAISING EXPENSE 77,585. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | A STATEMENT IS PRINTED IN ALL PUBLIC MATERIAL INCLUDING ADVERTISING, COURSE CATALOGS, AND STUDENT MANUALS. VERBAL STATEMENTS ARE ALSO MADE IN BROADCAST ADVERTISEMENTS. |
| SCHEDULE E, PART I, LINE 6 | THE SCHOOL PARTICIPATES IN U.S. DEPARTMENT OF EDUCATION TITLE IV FUNDING, PELL, SEOG, AND WORK STUDY. THE SCHOOL ALSO PARTICIPATES IN THE STATE OF MINNESOTA STATE GRANT AND WORK STUDY PROGRAMS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENTZ WHALEY FLESSNER AND ASSOC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7900 XERXES AVE | AddressLine1Txt |
| City | BLOOMINGTON | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55431 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CAPITAL CAMPAIGN CONSULTING | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $3,983,615 | GrossReceiptsAmt |
| Retained By Contractor | $77,585 | RetainedByContractorAmt |
| Net To Organization | $3,906,030 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $3,983,615 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $77,585 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $3,906,030 | TotalNetToOrganizationAmt |
| Licensed States | MN | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF CLASSIC | Event1Nm |
| Gross Receipts Event1 | $734,441 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $691,541 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $42,900 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $8,402 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $52,072 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $37,928 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $65,782 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $734,441 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $691,541 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $42,900 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $8,402 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $52,072 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $37,928 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $65,782 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $164,184 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$121,284 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| LIVING EXPENSE BARRIERS | 200 | $0 | $73,622 | FMV | HOUSING/RENT ASSISTANCE, TRANSPORTATION VOUCHERS, GROCERY VOUCHERS |
| TUITION ASSISTANCE | 771 | $2,451,998 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | SUMMIT'S TUITION COST IS $7,450 PER STUDENT. SOME STUDENTS MAY NOT QUALIFY FOR ANY AID FROM TITLE IV OR STATE PROGRAMS. STUDENTS REQUESTING ASSISTANCE COMPLETE A FORMAL REQUEST AND SUBMIT IT TO THE SUPPORT SERVICE OFFICE. APPLICATIONS ARE REVIEWED BY THE SUPPORT SERVICES MANAGER, MANAGER OF STUDENT ADVISING AND THE CHIEF FINANCIAL OFFICER. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LEROY WEST | ||||||||||||||
| CEO | $216,382 | $0 | $37,208 | $0 | $0 | $0 | $4,541 | $0 | $14,469 | $0 | $272,600 | $0 | $0 | $0 |
| MARC L CARRIER | ||||||||||||||
| CFO | $174,546 | $0 | $37,208 | $0 | $0 | $0 | $7,516 | $0 | $13,986 | $0 | $233,256 | $0 | $0 | $0 |
| MIRIAM WILLIAMS | ||||||||||||||
| CHIEF ACADEMIC OFFICER | $152,361 | $0 | $24,582 | $0 | $0 | $0 | $6,068 | $0 | $812 | $0 | $183,823 | $0 | $0 | $0 |
| HOPE PATTERSON | ||||||||||||||
| COO | $128,929 | $0 | $19,286 | $0 | $0 | $0 | $5,686 | $0 | $19,425 | $0 | $173,326 | $0 | $0 | $0 |
| SARAH ARMSTRONG | ||||||||||||||
| CHIEF DEVELOPMENT OFFICER | $132,930 | $0 | $20,442 | $0 | $0 | $0 | $5,655 | $0 | $9,481 | $0 | $168,508 | $0 | $0 | $0 |
| ANNE-MARIE KUIPER | ||||||||||||||
| CHIEF STRATEGY OFFICER | $116,909 | $0 | $19,828 | $0 | $0 | $0 | $4,787 | $0 | $11,262 | $0 | $152,786 | $0 | $0 | $0 |
| MEGAN NORMANDIN | ||||||||||||||
| DIRECTOR OF DATA & EVALUATION | $116,283 | $0 | $19,828 | $0 | $0 | $0 | $4,778 | $0 | $11,158 | $0 | $152,047 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 6 | FormAndLineReferenceDesc |
| Explanation | ALL STAFF THAT WAS EMPLOYED IN FISCAL YEAR AND AND EMPLOYED ON PAYMENT DATE RECEIVED A BOARD APPROVED BONUS BASED ON BOTTOM LINE RESULTS | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $24,667 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | CASH VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | AUCTION ITEMS | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $29,790 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | COLUMN (B) LISTS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | EXECUTIVE COMMITTEE HAS 5 MEMBERS DULY ELECTED BY THE FULL BOARD OF DIRECTORS. ALL MEMBERS ARE MEMBERS OF THE GOVERNING BODY. EXECUTIVE COMMITTEE MEETS ON MONTHS WHEN REGULARLY SCHEDULED BOARD MEETINGS ARE NOT SCHEDULED AND HAS AUTHORITY TO ACT ON BEHALF OF FULL BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PRESENTED TO THE ENTIRE BOARD AT IT ANNUAL BOARD MEETING HELD IN OCTOBER OF EACH YEAR. THE 990 IS PRESENTED TO THE BOARD BY THE CFO AND THE AUDIT MANAGER FROM THE EXTERNAL AUDIT FIRM. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY IS APPLIED TO ALL BOARD, OFFICERS AND STAFF OF SUMMIT. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS AND MANAGEMENT OF THE ORGANIZATION. SELF DISCLOSURE IS REQUIRED IF ANY MEMBER SUSPECTS A POSSIBLE CONFLICT OF INTEREST. IF ANY POSSIBLE CONFLICT IS DISCOVERED AFTER THE FACT, THE MATTER IS REVIEWED BY THE EXECUTIVE COMMITTEE AND IF NECESSARY THE FULL BOARD OF DIRECTORS. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF) HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE WITHIN THE ORGANIZATION SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF). DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF). THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF) SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO SUMMIT. THE DECISION OF THE BOARD (OR A DULY CONSTITUTED COMMITTEE THEREOF) ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF SUMMIT AND THE ADVANCEMENT OF ITS PURPOSE. PROCEEDINGS ON CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15 | CEO COMPENSATION AS WELL AS CFO AND ALL "C" LEVEL COMPENSATION IS REVIEWED AND SET BY THE COMPENSATION REVIEW COMMITTEE. BENCHMARKING AND OTHER COMPARABLES ARE PREPARED FOR AND REVIEWED BY THE COMMITTEE. ALL COMPENSATION CHANGES ARE DOCUMENTED IN THE MINUTES OF THE COMMITTEE MEETING. BENCHMARK DATA WAS USED FOR BOTH INDUSTRY LEVEL AND JOB LEVEL REVIEWS. TOOLS AVAILABLE FOR BENCHMARKING INCLUDE REVIEW OF COMPARABLE NON-PROFIT ORGANIZATION FORM 990S, THE MN COUNCIL OF NON-PROFITS, MINNESOTA METROPOLITAN ARE SALARY SURVEY, ROBERT HALF SALARY GUIDE AND SURVEY. SUMMIT RETAINS THE SERVICES OF PAYSCALE, A SUBSCRIPTION-BASED SERVICE THAT PROVIDES STATE OF THE ART TECHNOLOGY IN MARKET COMPARABLES. THE PROCESS WAS CONDUCTED IN 2024 FOR CEO L. WEST, CFO M. CARRIER, C ACADEMIC OFFICER M. WILLIAMS, C DEVELOPMENT OFFICER SARAH ARMSTRONG, AND COO HOPE PATTERSON AND CHIEF STRATEGY OFFICER - ANNE-MARIE KUIPER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT, ORGANIZATIONS WEBSITE AND ON THE CHARITIES REVIEW COUNCIL WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |