Summit Academy High School FY2022 filing

Draper, UTUnknown exempt organizationEIN 27-1884849

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

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $323K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18.5M
123% of total assets
Concern: liabilities are 123% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
+14% vs prior year
Spent
$5.3M
To programs
97%
Net assets
−$3.5M
By yearFY2020–FY2024
Revenue
$6.4M
FY2022▲ +14%
Revenue by fiscal year
FY2020$5.6M
FY2021$5.6M
FY2022$6.4M
FY2023$7.1M
FY2024$23K
Expenses
$5.3M
FY2022▼ -12%
Expenses by fiscal year
FY2020$5.3M
FY2021$6.0M
FY2022$5.3M
FY2023$6.3M
FY2024$135K
Net assets
−$3.5M
FY2022▲ +24%
Net assets by fiscal year
FY2020−$3.4M
FY2021−$4.6M
FY2022−$3.5M
FY2023−$2.8M
FY2024$0

From the FY2022 Form 990 (year ending June 2022) · see the original

Give Claim
You’re viewing the FY2022 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% · $5.1M Management & general 3% · $162K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Business Adm
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 →

Are you one of these people? Claim this org to confirm your role

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.

Provided by the organization

This section is blank until Summit Academy High School claims this page.

Know this organization? Claim it to add your story

3 program services account for $5.1M of program spending, described in the organization's own filed words · FY2021.
01

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

$5.1Mprogram expense
02

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

$44Kprogram expense
03

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

$4Kprogram expense

Run this program? Claim this org to tell your story

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Gifts and grantsLn 1h$5.7M
Fees for servicesLn 2g$431K
Other incomeLn 4–11$208K
Money outPt IX
$5.3M
Ln 25
Programscol B$5.1M
Managementcol C$162K
Owns and owesPt X
−$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$15.0M
LiabilitiesLn 26$18.5M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Government grantsLn 1e$5.7M
Fees for servicesLn 2g$431K
Investment incomeLn 3$4K
Other incomeLn 4–11$208K
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$521K
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$327K
Land, buildings, equipmentLn 10c$11.5M
Other assetsLn 15$883K
Total assetsLn 16$15.0M
LiabilitiesLn 26$18.5M
Net assetsLn 32−$3.5M
OperationsPt I, VI
EmployeesI 5122
VolunteersI 664
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 FY22End FY22
Cash and savingsLn 1–2$2.1M$2.2M
InvestmentsLn 11–13$124K$327K
Land, buildings, equipmentLn 10c$11.7M$11.5M
Total assetsLn 16$14.5M$15.0M
LiabilitiesLn 26$19.1M$18.5M
Net assetsLn 32−$4.6M−$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.4M$2.3M$99K
Other employee benefitsLn 9$516K$506K$10K
Other fees for servicesLn 11g$296K$286K$9K
Office expensesLn 13$599K$580K$19K
Information technologyLn 14$294K$268K$26K
OccupancyLn 16$132K$132K
InterestLn 20$689K$689K
Depreciation, depletion and amortizationLn 22$352K$352K
Total functional expensesLn 25$5.3M$5.1M$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $23K$135K−$112K$0 990 PDF
FY2023 $7.1M$6.3M$706K−$2.8M 990 PDF
FY2022 Viewing $6.4M$5.3M$1.1M−$3.5M 990 PDF
FY2021 $5.6M$6.0M−$396K−$4.6M 990 PDF
FY2020 $5.6M$5.3M$300K−$3.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $6,392,124 across 8 lines filed
VIII-1e Government grants$5,707,180
VIII-1f All other contributions, gifts and grants$42,704
VIII-1h Total contributions, gifts and grants$5,749,884
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $431,179$431,179
VIII-3 Investment incomeExcluded from tax $3,543$3,543
VIII-6 Net rental income or lossExcluded from tax $38,241$38,241
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $169,277$169,277
VIII-12 Total revenueRelated to mission $431,179 · Excluded from tax $211,061$6,392,124
Part IX · Statement of functional expenses $5,275,469 across 8 lines filed
IX-7 Other salaries and wagesPrograms $2,299,329 · Management $98,604$2,397,933
IX-9 Other employee benefitsPrograms $505,751 · Management $10,173$515,924
IX-11g Other fees for servicesPrograms $286,429 · Management $9,100$295,529
IX-13 Office expensesPrograms $580,489 · Management $18,610$599,099
IX-14 Information technologyPrograms $268,218 · Management $25,774$293,992
IX-16 OccupancyPrograms $131,703$131,703
IX-20 InterestPrograms $689,398$689,398
IX-22 Depreciation, depletion and amortizationPrograms $351,891$351,891
IX-25 Total functional expensesPrograms $5,113,208 · Management $162,261 · Fundraising $0$5,275,469
Part X · Balance sheet $14,989,976 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,609,726$1,646,525
X-2 Savings and temporary cash investmentsStart of year $517,949$520,539
X-3 Pledges and grants receivableStart of year $103,544$162,179
X-10c Land, buildings and equipment, netStart of year $11,698,260$11,450,992
X-11 Publicly traded securitiesStart of year $124,447$326,997
X-15 Other assetsStart of year $464,210$882,744
X-16 Total assetsStart of year $14,518,136$14,989,976
X-17 Accounts payable and accrued expensesStart of year $501,822$495,620
X-19 Deferred revenueStart of year $186,961$218,387
X-20 Tax-exempt bond liabilitiesStart of year $16,000,000$15,485,000
X-25 Other liabilitiesStart of year $2,167,574$2,026,126
X-26 Total liabilitiesStart of year $19,104,988$18,460,173
X-27 Net assets without donor restrictionsStart of year −$4,711,299−$3,797,194
X-28 Net assets with donor restrictionsStart of year $124,447$326,997
X-32 Total net assets or fund balancesStart of year −$4,586,852−$3,470,197
X-33 Total liabilities and net assetsStart of year $14,518,136$14,989,976
Part XI · Reconciliation of net assets −$3,470,197 net assets at year end
XI-1 Total revenue$6,392,124
XI-2 Total expenses$5,275,469
XI-3 Revenue less expenses$1,116,655
XI-4 Net assets at start of year−$4,586,852
XI-10 Net assets at end of year−$3,470,197

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.