2023-05-12T06:09:56-07:00 2022-06-30 561793406 Apple Koceja & Associates CPAS PA 445 Dolley Madison Road Ste 202 Greensboro NC 27410 990 2021-07-01 560547519 The Summit School Incorporated SUMM 3367222777 2100 Reynolda Road Winston Salem NC 27106 Dr Michael J Ebeling Head of School 2023-05-12 true Dr Michael J Ebeling 999009999 Jonathan L Apple CPA P00018416 3368348696 0 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z Dr Michael J Ebeling 2100 Reynolda Road Winston Salem NC 27106 18909568 false X www.summitschool.com X 1938 NC To provide a challenging curriculum within a caring enviroment to help students develop their full potential. 19 19 319 85 0 3146059 1240108 14355035 15882314 974665 1634899 206733 59591 18682492 18816912 2448675 2289056 0 9363959 9525369 0 552222 5108300 5670832 16920934 17485257 1761558 1331655 46496346 43925006 12529885 12060194 33966461 31864812 To provide a challenging curriculum within a caring enviroment to help students develop their full potential. false false 11367338 2289056 15882314 Founded in 1933, Summit School is an independent co-educational day school serving students from Junior Kindergarten through 9th Grade. Summits program focuses on active learning, individualized instruction, and attention to the whole child. 11367338 true true false false false false false true true true true true false false true true true false true false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false true 23 0 true 319 true false false false false false true true false 0 false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true true false X X Carter Sturkie 3367222777 2100 Reynolda Road Winston Salem NC 27106 Dr Michael J Ebeling Head of School 60.00 0.00 X 295830 0 41806 Jeanne Sayers Dir of Develop 45.00 0.00 X 110874 0 74572 Carter Sturkie Dir of Fin/Oper 50.00 0.00 X 132095 0 35132 Ben Carson Trustee 1.00 0.00 X 0 0 0 Mark Conger Trustee 1.00 0.00 X 0 0 0 David Ahn Trustee 1.00 0.00 X 0 0 0 Kami Chavis Trustee 1.00 0.00 X 0 0 0 Libby Kelly Trustee 1.00 0.00 X 0 0 0 Ben Baker Trustee 1.00 0.00 X 0 0 0 Melissa Combes Trustee 1.00 0.00 X 0 0 0 Eric Flow Trustee 1.00 0.00 X 0 0 0 William Woltz Trustee 1.00 0.00 X 0 0 0 Wesley Davis Trustee 1.00 0.00 X 0 0 0 Shelley Holden Trustee 1.00 0.00 X 0 0 0 Jennifer Byrne Trustee 1.00 0.00 X 0 0 0 Sirena Hargrove-Leak Trustee 1.00 0.00 X 0 0 0 Sandlin Douglas Chair 4.00 0.00 X X 0 0 0 Michael Rogers Treasurer 2.00 0.00 X X 0 0 0 Pam Oliver Secretary 2.00 0.00 X X 0 0 0 538799 151510 3 false true false FLIK Independent Schools Dining PO Box 417632 Boston MA 02241 Food service & catering 1083458 Long Construction Company PO Box 4186 Winston Salem NC 27115 Construction 558426 The Budd Group PO Box 890856 Charlotte NC 28289 Janitorial 143669 3 1240108 1240108 Afternoon and other progr 611710 717346 717346 Auxiliary 611710 775609 775609 Other sources 611710 465744 465744 Tuition 611710 13923615 13923615 15882314 306923 306923 0 0 152247 92656 59591 59591 59591 1327205 771 1327205 771 1327976 1327976 0 0 0 0 18816912 15882314 1694490 0 2289056 2289056 0 0 690309 46941 480455 162913 0 6875212 5967588 609992 297632 322177 322177 1069061 1069061 568610 433153 135457 0 35855 35855 48624 48624 0 0 122838 122838 0 46020 46020 887880 343091 453112 91677 63736 63736 0 421074 421074 22610 22610 0 111750 11645 100105 230703 230703 0 1016441 907091 109350 112894 15683 97211 Contracts - other 1784914 964634 820280 Miscellaneous expense 279794 74399 205395 Maintenance 205168 33526 171642 Summer program 203313 203313 77218 77218 17485257 11367338 5565697 552222 3489805 2915052 294364 338086 135918 217274 152603 224933 0 0 0 0 62664 55384 33574298 15579695 17362903 17994603 1653191 1536798 22936933 20228252 0 0 407965 414624 46496346 43925006 935474 878569 785722 1412558 10206355 9514163 139530 228291 462804 26613 12529885 12060194 X 23214160 22048274 10752301 9816538 33966461 31864812 46496346 43925006 X 1331655 -3867753 434449 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125525 X Education false false true 19350815 277699 -1960741 55887 1249655 16362231 15210851 510490 4364994 55395 642590 37535 19350815 14873353 1034545 36443 40614 663219 29657 15210851 14983483 132917 708813 48777 903083 14873353 14908460 118964 930497 974438 14983483 0.58500 0.41500 true false false 1754153 1754153 28402229 13018714 15383515 2765216 2069238 695978 652700 491743 160957 17994603 20228252 Fair value of interest rate swap 26613 26613 X 13064372 -3867753 -1854605 -5722358 18786730 122838 -92656 30182 18816912 15166021 92656 92656 15073365 122838 2289054 2411892 17485257 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The artwork consists of over 75 individual pieces of oil paintings, Native American art, sculptures, prints, lithographs, water colors, photographs, wood blocks, and other various art forms. The artwork is maintained by the school for educational and instructional purposes. Part III, Line 4: Description of organization's collections and how it furthers its purpose. Donations of art are auctioned off and the revenues are put into the general fund for the operations of the school. Part V, Line 4: Intended uses of the endowment fund. The financial aid for diversity funds are for need-based financial aid for minority students.The Joe H. Parrish Sports Memorial Fund was established for the purpose of providing support for the sports department.The Marian Millaway '69 Douglas Award for Faculty Excellence Fund was established to reward teachers whosw excellence and enthusiasm spark the flame of learning in students.The Jessica Marsha Wolfman Exchange Fund was established for the purpose of helping students participate in the exchange program and other school sponsored trips.The Faculty Support Fund was established to provide salaries, benefits and professional growth opportunities for faculty.The Teaching/Learning Center Outreach Fund was established to support outreach programs utilizing the teaching/learning center activities through publication, seminars, workshops, outside resource teachers and explanatory aids for teachers and visitors.The Debell Scholarship Fund was established to support financial aid for deserving students whose family would not otherwise be able to afford an independent school education.The Perkinson Family Travel Fund was established to help students with demonstrated financial need enrich their educational experiences by participating in school-endorsed trips.The General and Summit School Funds were established for the purpose of providing overall support for the school.The Thomas A Gray Endowment Income is made available each year to the head of the school to be used at his/her discretion. The Michelle Lachat Financial Aid Fund and Christian Sisters' Financial Aid Fund were established for the purpose of providing financial aid to qualified students. Part X : FIN48 Footnote It is the Schools policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a more-likely-than-not threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2022 and 2021. Currently, the statute of limitations remains open subsequent to and including the year ended June 30, 2019; however, no examinations are in process. Any changes in the amount of a tax position, as well as related penalties and interest, will be recognized in the period the change occurs. Part XII, Line 2d: Other expenses and losses per audited F/S Rental exp netted with revenue on 990 $92656 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Scholarships incl in fin stmt revenue $2289054 true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The school published their nondiscriminatory policy in the local newspapers of general circulation that serves all racial segments of the community. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race false 0 0 Employee tuition assistance 60 857535 Book Financial aid/scholarships 113 1339107 Book X X X false false false false false false false false false Carter Sturkie Dir of Fin/Oper 131245 850 6732 28400 167227 Dr Michael J Ebeling Head of School 269180 26650 13192 28614 337636 Jeanne Sayers Dir of Develop 110024 850 5472 69100 185446 A NC Capital Facilities Fin 561592154 65818PGJ2 2008-06-18 12480000 The bond issue for new constr false false false A 2540000 12840000 117067 12840000 true false true true A false false false false false false false A false false false false false false false false A false Form 990, Part VI, Line 11b: Form 990 Review Process The 990 is reviewed by all board members via posting to a secure website prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The administrators of the school supervise relationships and transactions on an ongoing basis. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of head of school is determined using comparability data provided by NAIS school. They also use information reported on other schools' Form 990. The officers and key employees compensation is determined by the head of the school. Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection Copies of Form 990 and 1023 are filed in the Head's office and are available upon request. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Copies of governing documents, conflict of interest policies and financial statements are filed in the business office and are abailable upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases Change in value of beneficial int trust = -$1742 Other Changes In Net Assets Or Fund Balances - Other Increases Change in value of interest rate swap = $436191 Form 990, Part XII, Line 2: Change of Oversight or Selection Process The process has not changed from prior year.