2011-01-28T14:57:27-06:00 2010-06-30 CANNON & COMPANY LLP CPA'S 2160 COUNTRY CLUB ROAD WINSTONSALEM NC 27104 990 2009-07-01 560547519 THE SUMMIT SCHOOL INCORPORATED SUMM 3367222777 2100 REYNOLDA ROAD WINSTONSALEM NC 27106 DR MICHAEL J EBELING 3367222777 2011-01-28 1 RICHARD J TAMER 3367250635 2009 2016-02-24 21:20:13Z DR MICHAEL J EBELING 2100 REYNOLDA ROAD WINSTONSALEM NC 27106 18752855 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 22 243 100 0 0 2152993 1778401 10258103 9778016 564347 865188 64401 83591 13039844 12505196 1419864 1404098 0 7852538 6723398 0 842266 2986100 4033273 12258502 12160769 781342 344427 46644752 46078775 21029925 19191562 25614827 26887213 TO PROVIDE A CHALLENGING CURRICULUM WITHIN A CARING ENVIRONMENT TO HELP STUDENTS DEVELOP THEIR FULL POTENTIAL. 0 0 9847948 1404098 10423794 EDUCATIONAL INSTRUCTION FOR JR. KINDERGARTEN THROUGH NINTH GRADE, INCLUDING AFTER-SCHOOL PROGRAMS, BUS SERVICES, AND CAFETERIA PROGRAM. APPROXIMATELY 542 STUDENTS ARE ENROLLED. 9847948 1 1 0 0 0 0 0 0 1 1 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 1 0 0 0 0 0 0 0 0 1 10 0 1 243 0 0 0 0 0 0 0 0 0 0 23 22 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X The Organization 3367222777 2100 REYNOLDA ROAD WinstonSalem NC 27106 TOM MOORE 1.00 X 0 0 0 MARIE ARCURI 1.00 X X 0 0 0 CHARLES HAUSER 1.00 X X 0 0 0 JIMMY BROUGHTON 0.50 X 0 0 0 BEN CARSON 0.50 X 0 0 0 MARK CONGER 0.50 X X 0 0 0 IDA DAVIS 0.50 X 0 0 0 MATT CULLINAN 0.50 X 0 0 0 LYNN EISENBERG 0.50 X 0 0 0 MICHAEL HOUGH 0.50 X 0 0 0 EMILY NEESE 0.50 X 0 0 0 PHIL THOMAS 0.50 X 0 0 0 LIZ KELLY 0.50 X 0 0 0 CHRIS JONES 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 EVERETTE SHERRILL 0.50 X 0 0 0 ALEX TURNER 0.50 X 0 0 0 MICHAEL EBELING 40.00 X 180000 0 32470 A DANE PERRY 40.00 X 135000 0 11660 315000 0 44130 2 0 1 0 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 28289 JANITORIAL AND SECURITY 296684 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 157772 FRANK L BLUM CONTRUCTION PO BOX 4153 CHARLOTTE NC 27115 CONSTRUCTION 139319 3 1778401 1778401 Tuition 611710 8850452 8850452 Auxillary Services 611710 446879 446879 Afternoon and other pr 611710 360511 360511 Other Fees 611710 85587 85587 Other Sources 611710 31268 31268 3319 3319 9778016 270329 270329 94287 61615 32672 32672 32672 6759453 350 6157805 7139 601648 -6789 594859 594859 72019 21100 50919 50919 12505196 10423794 0 303001 1404098 1404098 383047 344745 19151 19151 5200395 4481290 248961 470144 764712 688240 38236 38236 375244 360234 7505 7505 9378 9378 119814 119814 24785 24785 23943 23943 287207 287207 1087644 887473 98608 101563 152933 152933 CAFETERIA FOOD 435296 435296 Equipment rental & Main 344186 344186 Utilities & telephone 308494 308494 SUPPLIES 296113 296113 Contract Services 200179 200179 743301 332399 205235 205667 12160769 9847948 1470555 842266 4521584 2036836 7311 11694 3291406 3345787 189060 219124 63923 106502 30716354 7883659 16126208 22832695 16542983 17112816 110027 8464 5792250 404857 46644752 46078775 889183 854332 1577156 1083328 18200000 16900000 363586 353902 21029925 19191562 X 19545527 20955190 223856 73905 5845444 5858118 25614827 26887213 46644752 46078775 X 0 1 0 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 5845444 12674 5858118 5819850 25594 108444 108444 5845444 1.00000 1 0 977526 977526 26183281 5272395 20910886 2892118 2048599 843519 663429 562665 100764 22832695 Common Fund - Equity 9740560 F Common Fund - Bond 2748798 F Deferred Comp Douglas Lewis 128519 C COMMON FUND - OPERATING 4494939 F 17112816 HEADS DISCRETIONARY FUND 11648 FACULTY EMERGENCY FUND-HEAD'S DISCR 500 SUMMIT AT NIGHT FINANCIAL AID FUND 13634 SPEND-THE-NIGHT FINANCIAL AID FUND 2233 CHINESE CLASS 454 STUDENT COUNCIL 4 4TH GRADE FACTORY 1213 MIDDLE GRADE SERVICE PROJECTS 3443 YEARBOOK 3413 EXCHANGE PROGRAM 6548 PICTURES PROGRAM 8977 CHILDREN'S THEATRE 1758 SUMMER PROG LIABILITY 105439 BOARDING SCHOOL FAIR 5439 NCAIS (N.C.ASSOC.OF INDEP SCH) 1025 NCAIS LOWER SCH EDUC NETWORK 87 TANPS CONFERENCE 50 ESHA CONFERENCE ACCOUNT 498 N.C. REGGIO/SUMMIT 315 GREEN COMMITTEE PROJECT 759 CURRENT PORTION OF LEASE OBLIGATIONS 143292 EXPLORATIONS PLAYGROUP 224 CURRENT PORTION OF LEASE OBLIGATION 42949 353902 12505196 12160769 344427 927959 927959 1272386 13522660 927959 89505 1017464 12505196 0 12505196 12250274 89505 89505 12160769 0 12160769 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. Part V, Line 4: Description of Intended Use of Endowment Funds: 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. 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 THE SCHOOL PUBLISHES THEIR NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPERS OF GENERAL CIRCULATION THAT SERVES ALL RACIAL SEGMENTS OF THE COMMUNITY. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 EMPLOYEE TUITION ASSISTANCE 31 318516 BOOK FINANCIAL AID/SCHOLARSHIPS 89 1085582 BOOK X X 0 0 0 0 0 0 0 0 0 MICHAEL EBELING 180000 0 0 0 0 0 14400 0 18070 0 212470 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 16700000 143900 16485000 2009 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 STEVE ZADESODYSSEY NETWORK SPOUSE OF A BOARD MEMBER 67375 MARKETING 0 X PIANO 1 35000 0 0 0 Form 990, Part VI, Section A, line 8b The Audit committee only had one meeting. The discussion was recorded with the finance committee meeting so the board did not feel that it was necessary to record the audit committee meeting separately. Form 990, Part VI, Section B, line 11 THE 990 IS REVIEWED AT FULL BOARD MEETING IN JANUARY. 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. 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.