Summit Academy Middle School - Lorain FY2023 filing

Akron, OHUnknown exempt organizationEIN 20-1437981Revenue $1.7M in FY2023

On file with the IRSsummitacademies.com2791 Mogadore Road · Akron, OH

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Summit Academy schools build hope, success, and well-being through advocacy and education for children with special needs

89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $19K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $27
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-23% vs prior year
Spent
$1.7M
To programs
89%
Net assets
$0
By yearFY2020–FY2024
Revenue
$1.7M
FY2023▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$2.2M
FY2023$1.7M
FY2024$295K
Expenses
$1.7M
FY2023▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$1.9M
FY2022$2.2M
FY2023$1.7M
FY2024$295K
Net assets
$0
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.2M
FY2021$0
FY2022$0
FY2023$0
FY2024$0

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.5M Management & general 11% · $184K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member (left 09/2022)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chief of Academics
$0Pt VII · Sec A
Director of Operations
$0Pt VII · Sec A
$0Pt VII · Sec A
See Summit Academy Middle School - Lorain executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and advocates for children with special needs, fostering hope, success, and well-being.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2022
01

Summit academy schools provide a nurturing educational environment for 1,975 students. Nineteen percent of these students are on the autism spectrum, thirty-two percent are SLD (adhd), eleven percent are emotionally disturbed, four percent have other disabilities, and the remaining thirty-four percent are regular education services.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$27

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$68K
Other incomeLn 4–11$2K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$184K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.6M
Fees for servicesLn 2g$68K
Other incomeLn 4–11$2K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Total assetsLn 16$0$0
LiabilitiesLn 26$0$0
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$1.7M$1.5M$178K
Other expenses (24a–d)Ln 24$56K$50K$6K
Total functional expensesLn 25$1.7M$1.5M$184K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $295K$295K$0$0 990 PDF
FY2023 Viewing $1.7M$1.7M$0$0 990 PDF
FY2022 $2.2M$2.2M$0$0 990 PDF
FY2021 $1.9M$1.9M$0$0 990 PDF
FY2020 $2.2M$2.3M−$93K−$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,717,975 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,134,534$1,647,903
I-9 Program service revenuePrior year $82,894$68,408
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $16,096$1,664
I-12 Total revenuePrior year $2,233,524$1,717,975
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,233,524$1,717,975
I-18 Total expensesPrior year $2,233,524$1,717,975
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 0 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,717,975 across 5 lines filed
VIII-1e Government grants$1,647,903
VIII-1h Total contributions, gifts and grants$1,647,903
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,408$68,408
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,664$1,664
VIII-12 Total revenueRelated to mission $70,072 · Unrelated business $0 · Excluded from tax $0$1,717,975
Part IX · Statement of functional expenses $1,717,975 across 2 lines filed
IX-11a Management feesPrograms $1,484,293 · Management $178,035$1,662,328
IX-24 Other expenses (24a–d)Programs $49,687 · Management $5,960$55,647
IX-25 Total functional expensesPrograms $1,533,980 · Management $183,995 · Fundraising $0$1,717,975
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $0$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,717,975
XI-2 Total expenses$1,717,975
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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