2012-04-17T15:02:54-05:00 2011-06-30 CANNON & COMPANY LLP CPAS 2160 COUNTRY CLUB ROAD WINSTONSALEM NC 27104 990 2010-07-01 560547519 THE SUMMIT SCHOOL INCORPORATED SUMM 3367222777 2100 REYNOLDA ROAD WINSTONSALEM NC 27106 DR MICHAEL J EBELING 3367222777 2012-04-17 1 RICHARD J TAMER 3367250635 2010 2016-02-24 21:20:13Z DR MICHAEL J EBELING 2100 REYNOLDA ROAD WINSTONSALEM NC 27106 19287752 0 X WWW.SUMMITSCHOOL.COM X 1938 NC TO PROVIDE A CHALLENGING CURRICULUM WITHIN A CARING ENVIRONMENT TO HELP STUDENTS DEVELOP THEIR FULL POTENTIAL. 23 22 232 100 0 0 1778401 1097604 9778016 9801790 865188 1815801 83591 101812 12505196 12817007 1404098 1563359 0 0 6723398 6701616 0 0 580735 4033273 3964732 12160769 12229707 344427 587300 46078775 47271469 19191562 18883480 26887213 28387989 TO PROVIDE A CHALLENGING CURRICULUM WITHIN A CARING ENVIRONMENT TO HELP STUDENTS DEVELOP THEIR FULL POTENTIAL. 0 0 9490011 1563359 9834620 EDUCATIONAL INSTRUCTION FOR JR. KINDERGARTEN THROUGH NINTH GRADE, INCLUDING AFTER-SCHOOL PROGRAMS, BUS SERVICES, AND CAFETERIA PROGRAM. APPROXIMATELY 520 STUDENTS ARE ENROLLED. 9490011 1 1 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 51 0 1 232 1 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 3367222777 2100 REYNOLDA ROAD WINSTONSALEM NC 27106 ROB MOORE 0.50 X 0 0 0 MARIE ARCURI 0.50 X 0 0 0 CHARLES HAUSER 0.50 X 0 0 0 JIMMY BROUGHTON 1.00 X X 0 0 0 BEN CARSON 0.50 X X 0 0 0 MARK CONGER 1.00 X X 0 0 0 IDA DAVIS 0.50 X 0 0 0 MATT CULLINAN 0.50 X 0 0 0 KIM BAILEY 0.50 X 0 0 0 MICHAEL HOUGH 0.50 X 0 0 0 EMILY NEESE 1.00 X X 0 0 0 PHIL THOMAS 0.50 X 0 0 0 PARKER GRUBBS 0.50 X 0 0 0 DIANE NEAL-BLIXT 0.50 X 0 0 0 SUSAN MANN 0.50 X 0 0 0 ERNIE OSBORN 0.50 X 0 0 0 BONNIE ZADES 0.50 X 0 0 0 KAREN PRANIKOFF 0.50 X 0 0 0 JIM RUFFIN 0.50 X 0 0 0 JIM MARTIN 0.50 X 0 0 0 CHARLOTTE BROUGHTON 0.50 X 0 0 0 JENNIFER GROSSWALD 0.50 X 0 0 0 BILL HOLLAN 0.50 X 0 0 0 ALEX TURNER 0.50 X 0 0 0 MICHAEL EBELING 60.00 X 185209 0 19881 CARTER STURKIE 50.00 X 111100 0 19068 296309 0 38949 2 0 1 0 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 28289 JANITORIAL AND SECURITY 395304 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 373357 SCHNEIDER ELECTRIC 235 BURGESS RD GREENSBORO NC 27409 HVAC SERVICE 113996 3 1097604 1097604 TUITION 611710 8907645 8907645 AUXILLARY SERVICES 611710 420363 420363 AFTERNOON AND OTHER PR 611710 359211 359211 OTHER FEES 611710 74864 74864 OTHER SOURCES 611710 27020 27020 12687 12687 9801790 261567 261567 139199 70217 68982 68982 68982 7915135 6353284 7617 1561851 -7617 1554234 1554234 72457 39627 32830 32830 12817007 9834620 0 1884783 1563359 1563359 399053 359147 19953 19953 5246480 4520299 251128 475053 621536 559382 31077 31077 434547 391093 21727 21727 8531 8531 42225 42225 34018 34018 41388 41388 30998 30998 380841 380841 1049158 936625 104069 8464 86338 86338 CAFETERIA FOOD 428235 428235 EQUIPMENT RENTAL & MAIN 380262 380262 UTILITIES & TELEPHONE 284749 284749 SUPPLIES 274688 274688 CONTRACT SERVICES 248471 248471 674830 426185 224184 24461 12229707 9490011 2158961 580735 2036836 6628021 11694 15050 3345787 2649278 219124 684545 106502 45240 31102640 8856520 22832695 22246120 17112816 14762156 8464 0 404857 241059 46078775 47271469 854332 634792 1083328 903659 16900000 17018000 353902 327029 19191562 18883480 X 20955190 22497968 73905 17851 5858118 5872170 26887213 28387989 46078775 47271469 X 587300 913476 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 5858118 14052 5872170 5845444 12674 5858118 5819850 25594 108444 108444 5845444 1.00000 1 0 977526 977526 26305275 6044854 20260421 2636368 1913439 722929 1183471 898227 285244 22246120 COMMON FUND - EQUITY 9920002 F COMMON FUND - BOND 4109696 F DEFERRED COMP DOUGLAS LEWIS 32935 C COMMON FUND - OPERATING 699523 F 14762156 HEADS DISCRETIONARY FUND 10030 FACULTY EMERGENCY FUND-HEAD'S DISCR 500 SUMMIT AT NIGHT FINANCIAL AID FUND 13634 SPEND-THE-NIGHT FINANCIAL AID FUND 3942 MIDDLE GRADE SERVICE PROJECTS 3443 YEARBOOK 1574 EXCHANGE PROGRAM 5218 PICTURES PROGRAM 9202 CHILDREN'S THEATRE 1594 SUMMER PROG LIABILITY 130321 NCAIS (N.C.ASSOC.OF INDEP SCH) 1025 GREEN COMMITTEE PROJECT 1169 CURRENT PORTION OF LEASE OBLIGATIONS 100343 CURRENT PORTION OF LEASE OBLIGATION 45034 327029 12817007 12229707 587300 913476 913476 1500776 13847944 913476 117461 1030937 12817007 0 12817007 12347168 117461 117461 12229707 0 12229707 PART III, LINE 4: DONATIONS OF ART ARE AUCTIONED OFF AND THE REVENUES ARE PUT INTO THE GENERAL FUND FOR THE OPERATIONS OF THE SCHOOL. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 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 WHOSE 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'S 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 XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS RENTAL EXPENSES COST OF GOODS SOLD PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS RENTAL EXPENSES COST OF GOODS SOLD BOOK TAX DIFFERENCE 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES THEIR NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPERS OF GENERAL CIRCULATION THAT SERVES ALL RACIAL SEGMENTS OF THE COMMUNITY. 0 EMPLOYEE TUITION ASSISTANCE 39 480197 BOOK FINANCIAL AID/SCHOLARSHIPS 83 1083162 BOOK X X 0 0 0 0 0 0 0 0 0 MICHAEL EBELING 185209 0 0 0 0 0 1924 0 17957 0 205090 0 0 0 NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PGJ2 2008-06-18 16700000 THE BOND ISSUE WILL BE USED FOR THE CONSTRUCTION OF A NEW BUILDING AND 0 0 0 16700000 143900 16485000 2009 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 KATIE GRUBBS SPOUSE OF A BOARD MEMBER 15000 PART TIME EMPLOYEE (ADMISSIONS ASSISTANT) 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED AT FULL BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ADMINISTRATORS OF THE SCHOOL SUPERVISE RELATIONSHIPS AND TRANSACTIONS ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 15 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, SECTION C, LINE 18 COPIES OF FORM 990 AND 1023 ARE FILED IN THE HEAD'S OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE FILED IN THE BUSINESS OFFICE AND ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 913,476. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR