Summit Academy High School FY2021 filing

Draper, UTUnknown exempt organization EIN 27-1884849Revenue $5.6M in FY2021Latest return filed Dec 11, 2024

On file with the IRSsummitacademyschools.orgDraper, UT

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To manage, operate, guide, direct, and promote a public charter School funded by local, state, and federal sources.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1884849) · Dispute this line
97¢ of each $1 spent went to programs.
$17K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $323K a year · 7% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
97% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$17K
to officers and key staff · 0.3% of spending
Pay to officers and key staff is 0.3% of spending.
Part VII, Section A
4.3 mo
of spending, in cash
4.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$19.1M
132% of total assets
Liabilities are 132% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.6M
-0.8% vs prior year
Spent
$6.0M
To programs
97%
Net assets
−$4.6M
By yearFY2020–FY2024
Revenue
$5.6M
FY2021▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.6M
FY2021$5.6M
FY2022$6.4M
FY2023$7.1M
FY2024$23K
Expenses
$6.0M
FY2021▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$6.0M
FY2022$5.3M
FY2023$6.3M
FY2024$135K
Net assets
−$4.6M
FY2021▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.4M
FY2021−$4.6M
FY2022−$3.5M
FY2023−$2.8M
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 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

97 cents of each dollar spent went to programs.

Program services 97% · $5.8M Management & general 3% · $158K

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

7 people listed on the 990; $17K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$10,933Pt VII · Sec A
Business Adm
$5,700Pt VII · Sec A
Board Vice P
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
Stephanie Archibald—$19,000
Tyler Whittle—$18,667
Michael Clark$10,933—
Brad Wilkinson$5,700—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Summit Academy High School executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates and promotes a public charter school funded by government sources.

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3 programs · $5.8M · in their own filed words · FY2020
01

Operation of one charter school for students ninth to twelfth grade.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1884849) · Dispute this line
$5.8Mprogram expense
02

Operation of a food service program for the benefit of students.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1884849) · Dispute this line
$10Kprogram expense
03

To provide various student activities during the school year, primarily athletic programs.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1884849) · Dispute this line
$3Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$200

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Gifts and grantsLn 1h$5.2M
Fees for servicesLn 2g$370K
Other incomeLn 4–11$35K
Money outPt IX
$6.0M
Ln 25
Programscol B$5.8M
Managementcol C$158K
Owns and owesPt X
−$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$14.5M
LiabilitiesLn 26$19.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.2M
Government grantsLn 1e$5.1M
Fees for servicesLn 2g$370K
Investment incomeLn 3$4K
Other incomeLn 4–11$35K
Gains on assetsLn 7$900
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$518K
Cash and savings togetherLn 1–2$2.1M
Pledges and grants receivableLn 3$104K
Land, buildings, equipmentLn 10c$11.7M
InvestmentsLn 11–13$124K
Other assetsLn 15$464K
Total assetsLn 16$14.5M
LiabilitiesLn 26$19.1M
Net assetsLn 32−$4.6M
OperationsPt I, VI
EmployeesI 5122
VolunteersI 664
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$16.0M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$17.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.0M$2.1M
InvestmentsLn 11–13$98K$124K
Land, buildings, equipmentLn 10c$12.0M$11.7M
Total assetsLn 16$14.9M$14.5M
LiabilitiesLn 26$18.3M$19.1M
Net assetsLn 32−$3.4M−$4.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$49K$48K$984
Other salaries and wagesLn 7$2.4M$2.3M$112K
Other employee benefitsLn 9$758K$743K$15K
Other fees for servicesLn 11g$227K$217K$10K
Office expensesLn 13$407K$407K
Information technologyLn 14$211K$191K$21K
OccupancyLn 16$803K$803K
InterestLn 20$783K$783K
Depreciation, depletion and amortizationLn 22$356K$356K
Total functional expensesLn 25$6.0M$5.8M$158K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Dec 11, 2024 $23K$135K−$112K$0 990 PDF
FY2023Filed with the IRS Jan 16, 2024 $7.1M$6.3M$706K−$2.8M 990 PDF
FY2022Filed with the IRS May 10, 2023 $6.4M$5.3M$1.1M−$3.5M 990 PDF
FY2021 ViewingFiled with the IRS May 12, 2022 $5.6M$6.0M−$396K−$4.6M 990 PDF
FY2020Filed with the IRS Apr 15, 2021 $5.6M$5.3M$300K−$3.4M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $5,595,452 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,211,438$5,186,736
I-9 Program service revenuePrior year $374,983$369,746
I-10 Investment incomePrior year $56,392$4,926
I-11 Other revenue$34,044
I-12 Total revenuePrior year $5,642,813$5,595,452
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,985,543$3,204,637
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,357,245$2,786,744
I-18 Total expensesPrior year $5,342,788$5,991,381
I-19 Revenue less expensesPrior year $300,025−$395,929
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,595,452 across 9 lines filed
VIII-1e Government grants$5,117,228
VIII-1f All other contributions, gifts and grants$69,508
VIII-1h Total contributions, gifts and grants$5,186,736
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $369,746$369,746
VIII-3 Investment incomeExcluded from tax $4,026$4,026
VIII-6 Net rental income or lossExcluded from tax $31,849$31,849
VIII-7 Net gain or loss on sales of assetsExcluded from tax $900$900
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,195$2,195
VIII-12 Total revenueRelated to mission $369,746 · Excluded from tax $38,970$5,595,452
Part IX · Statement of functional expenses $5,991,381 across 9 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $48,236 · Management $984$49,220
IX-7 Other salaries and wagesPrograms $2,285,541 · Management $111,981$2,397,522
IX-9 Other employee benefitsPrograms $743,367 · Management $14,528$757,895
IX-11g Other fees for servicesPrograms $216,829 · Management $10,261$227,090
IX-13 Office expensesPrograms $406,842$406,842
IX-14 Information technologyPrograms $190,605 · Management $20,603$211,208
IX-16 OccupancyPrograms $802,542$802,542
IX-20 InterestPrograms $782,724$782,724
IX-22 Depreciation, depletion and amortizationPrograms $356,338$356,338
IX-25 Total functional expensesPrograms $5,833,024 · Management $158,357 · Fundraising $0$5,991,381
Part X · Balance sheet $14,518,136 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,524,919$1,609,726
X-2 Savings and temporary cash investmentsStart of year $515,412$517,949
X-3 Pledges and grants receivableStart of year $150,494$103,544
X-10c Land, buildings and equipment, netStart of year $12,024,311$11,698,260
X-11 Publicly traded securitiesStart of year $98,053$124,447
X-15 Other assetsStart of year $632,254$464,210
X-16 Total assetsStart of year $14,945,443$14,518,136
X-17 Accounts payable and accrued expensesStart of year $560,400$501,822
X-19 Deferred revenueStart of year $61,712$186,961
X-20 Tax-exempt bond liabilitiesStart of year $16,440,000$16,000,000
X-23 Secured mortgages and notes payableStart of year $258,735$248,631
X-25 Other liabilitiesStart of year $993,324$2,167,574
X-26 Total liabilitiesStart of year $18,314,171$19,104,988
X-27 Net assets without donor restrictionsStart of year −$3,473,989−$4,711,299
X-28 Net assets with donor restrictionsStart of year $105,261$124,447
X-32 Total net assets or fund balancesStart of year −$3,368,728−$4,586,852
X-33 Total liabilities and net assetsStart of year $14,945,443$14,518,136
Part XI · Reconciliation of net assets −$4,586,852 net assets at year end
XI-1 Total revenue$5,595,452
XI-2 Total expenses$5,991,381
XI-3 Revenue less expenses−$395,929
XI-4 Net assets at start of year−$3,368,728
XI-8 Prior period adjustments−$822,195
XI-10 Net assets at end of year−$4,586,852

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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