2024-10-01T16:37:25-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 410908458 SUMMIT ACADEMY OIC SUMM 6123770150 935 OLSON MEMORIAL HIGHWAY MINNEAPOLIS MN 55405 MARC L CARRIER CFO 6123770150 2024-10-01 1 0 ANN NEIL P01817922 6123764500 2024-10-01 2023 2024-10-15 13:58:12Z LEROY WEST 935 OLSON MEMORIAL HIGHWAY MINNEAPOLIS MN 55405 18418226 0 X WWW.SAOIC.ORG X 1966 MN ASSIST INDIVIDUALS TO DEVELOP THEIR ABILITY TO EARN AND TO BECOME CONTRIBUTORS IN THEIR COMMUNITY. 17 17 183 250 0 0 11234891 13133588 4685237 4760676 139606 23528 -238525 35233 15821209 17953025 3123448 2525620 0 0 7629833 8768271 0 77585 1255857 3911178 4050573 14664459 15422049 1156750 2530976 18819354 21768604 2328312 2518292 16491042 19250312 X 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. 0 0 11505628 2525620 4760676 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. 11505628 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 183 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X MARC CARRIER 6123770150 935 OLSON MEMORIAL HIGHWAY MINNEAPOLIS MN 55405 BILL PARKER CHAIRMAN 1.00 X X 0 0 0 MIQUEL PURVIS MCMOORE VICE CHAIR 1.00 X X 0 0 0 JIM TORBORG SECRETARY 1.00 X X 0 0 0 WAYNE GRAY TREASURER 1.00 X X 0 0 0 DAVID JURAN DIRECTOR 1.00 X 0 0 0 MARK MOOREHOUSE DIRECTOR 1.00 X 0 0 0 HEIDI WEAVER DIRECTOR 1.00 X 0 0 0 DAVE NORBACK DIRECTOR 1.00 X 0 0 0 ERIC GRUTZNER DIRECTOR 1.00 X 0 0 0 KARL HURSTON DIRECTOR 1.00 X 0 0 0 LAURA GROSCHEN DIRECTOR 1.00 X 0 0 0 IDRISSA DAVIS DIRECTOR 1.00 X 0 0 0 KRISTIN DENNEWILL DIRECTOR 1.00 X 0 0 0 TOM ZIRBS DIRECTOR 1.00 X 0 0 0 KIRSTEN WALSTIEN DIRECTOR 1.00 X 0 0 0 OURAPHONE SIRI OUTHAY WILLS DIRECTOR 1.00 X 0 0 0 ESTHER LEDESMA PUMAROL DIRECTOR 1.00 X 0 0 0 LEROY WEST CEO 40.00 X 253590 0 19010 MARC L CARRIER CFO 40.00 X 211754 0 21502 HOPE PATTERSON COO 40.00 X 148215 0 25111 SARAH ARMSTRONG CHIEF DEVELOPMENT OFFICER 40.00 X 153372 0 15136 ANNE-MARIE KUIPER CHIEF STRATEGY OFFICER 40.00 X 136737 0 16049 MIRIAM WILLIAMS CHIEF ACADEMIC OFFICER 40.00 X 176943 0 6880 MEGAN NORMANDIN DIRECTOR OF DATA & EVALUATION 40.00 X 136111 0 15936 AMANDA SOMMERFELD DIRECTOR OF ACCOUNTING 40.00 X 117227 0 13222 ANTHONY O'BRIEN DIRECTOR OF PROGRAMMING 40.00 X 133725 0 6324 JAMIL MOHAMMED DIRECTOR OF INFORMATION TECH 40.00 X 111143 0 16413 1578817 0 155583 8 0 1 0 CLIFTONLARSONALLEN 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 CRM DEVELOPMENT & AUDITING SERVICES 213803 ATOMIC DATA 250 MARQUETTE AVE MINNEAPOLIS MN 55401 DATA NETWORK MONITORING AND SUPPORT 209141 ROBERT HALF PO BOX 743295 LOS ANGELES CA 90074 EXECUTIVE TEMP SERVICES 162943 GRANDER GUARD 6868 WASHINGTON AVE S EDEN PRAIRIE MN 55344 SECURITY SERVICES 150767 4 691541 3113790 9328257 54457 13133588 TUITION 611600 4404019 4404019 OTHER PROGRAM REVENUE 611600 315239 315239 SOLAR ACTIVITY REVENUE 900099 37036 37036 DINING REVENUE 722210 4382 4382 4760676 23528 23528 129600 301017 -171417 -171417 -171417 42900 691541 164184 -121284 -121284 INSURANCE PROCEEDS 900099 327934 327934 327934 17953025 4760676 0 58761 2525620 2525620 1276198 338808 727281 210109 6208715 4824116 961847 422752 121532 115996 1891 3645 599506 514945 51214 33347 562320 448247 76895 37178 137429 137429 48167 48167 74000 74000 77585 77585 899331 660620 115123 123588 414591 409691 4900 494638 441030 46725 6883 383208 351874 21124 10210 106448 77063 26833 2552 39375 184 22783 16408 612990 549382 36964 26644 BAD DEBT EXPENSE 413543 213543 200000 DUES/SUBSCRIPTIONS 193865 138217 41734 13914 EQUIPMENT RENTAL & MAIN 37530 33493 2354 1683 195458 76342 54657 64459 15422049 11505628 2660564 1255857 2417088 4208347 1039623 1095832 4364099 2710033 971365 1291078 170014 58298 12484318 6961827 5683760 5522491 3773454 6666223 399951 216302 18819354 21768604 1145741 1373371 149719 309878 1032852 835043 2328312 2518292 X 10495418 14509256 5995624 4741056 16491042 19250312 18819354 21768604 2530976 228294 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 0 0 0 1 74000 0 0 74000 0 PART II-B, LINE 1: THE ACADEMY SECURED SERVICES OF REGISTERED LOBBYISTS TO REPRESENT OUR DIRECT FUNDING EFFORTS FROM THE MN LEGISLATURE AND LOCAL GOVERNMENTAL BODIES. 0 0 1492888 183403 13000 1663291 1363286 129602 1492888 1600723 -237437 1363286 1321624 280897 1798 1600723 1265786 411 62683 7256 1321624 0.00000 0.78000 0.22000 0 0 465500 465500 8553676 4816030 3737646 3411886 2092541 1319345 53256 53256 0 5522491 CAPITAL LEASE 180175 ASSET RETIREMENT OBLIGATION 285790 UTILITY CONTRACT OBLIGATION 369078 835043 X 16053490 228294 29790 223432 481516 15571974 2381051 2381051 17953025 13622154 29790 301017 330807 13291347 2130702 2130702 15422049 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. X X X X X X X 1 BENTZ WHALEY FLESSNER AND ASSOC 7900 XERXES AVE BLOOMINGTON MN 55431 CAPITAL CAMPAIGN CONSULTING 0 3983615 77585 3906030 3983615 77585 3906030 MN GOLF CLASSIC 734441 691541 42900 8402 52072 37928 65782 734441 691541 42900 8402 52072 37928 65782 164184 -121284 1 LIVING EXPENSE BARRIERS 200 0 73622 FMV HOUSING/RENT ASSISTANCE, TRANSPORTATION VOUCHERS, GROCERY VOUCHERS TUITION ASSISTANCE 771 2451998 0 N/A N/A PART I, LINE 2: 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. 1 X X X X 0 0 0 0 0 1 0 0 0 LEROY WEST CEO 216382 0 37208 0 0 0 4541 0 14469 0 272600 0 0 0 MARC L CARRIER CFO 174546 0 37208 0 0 0 7516 0 13986 0 233256 0 0 0 MIRIAM WILLIAMS CHIEF ACADEMIC OFFICER 152361 0 24582 0 0 0 6068 0 812 0 183823 0 0 0 HOPE PATTERSON COO 128929 0 19286 0 0 0 5686 0 19425 0 173326 0 0 0 SARAH ARMSTRONG CHIEF DEVELOPMENT OFFICER 132930 0 20442 0 0 0 5655 0 9481 0 168508 0 0 0 ANNE-MARIE KUIPER CHIEF STRATEGY OFFICER 116909 0 19828 0 0 0 4787 0 11262 0 152786 0 0 0 MEGAN NORMANDIN DIRECTOR OF DATA & EVALUATION 116283 0 19828 0 0 0 4778 0 11158 0 152047 0 0 0 PART I, LINE 6 ALL STAFF THAT WAS EMPLOYED IN FISCAL YEAR AND AND EMPLOYED ON PAYMENT DATE RECEIVED A BOARD APPROVED BONUS BASED ON BOTTOM LINE RESULTS X 4 24667 CASH VALUE X AUCTION ITEMS 1 29790 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) LISTS THE NUMBER OF CONTRIBUTORS. 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.