Summit Academy INC

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Operate a Christian, non-public, non-licensed school for the purpose of a Biblically-based and a Christ-centered education

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 15 volunteers and 22 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $38K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$49K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$617K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
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
$789K
+4% vs prior year
Spent
$805K
To programs
79%
Net assets
$943K
By yearFY2021–FY2025
Revenue
$789K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$473K
FY2022$741K
FY2023$713K
FY2024$759K
FY2025$789K
Expenses
$805K
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$432K
FY2022$619K
FY2023$678K
FY2024$753K
FY2025$805K
Net assets
$943K
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$796K
FY2022$918K
FY2023$954K
FY2024$960K
FY2025$943K

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2011.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $634K Management & general 21% · $171K

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; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Administrator
$46,565Pt VII · Sec A
Financial Consultant
$2,600Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Richard Benedict’s $47K as Administrator is at the 38th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Richard Benedict$46,565$37,510——
Chuck Gard$2,600$6,182$14,165$7,322

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 INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a Biblically-based, Christ-centered education in a non-licensed school.

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1 program · $634K · in their own filed words · FY2024
01

Provide elementary and secondary programs of instruction

$634Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$789K
Ln 12
Fees for servicesLn 2g$704K
Gifts and grantsLn 1h$74K
Investment incomeLn 3$10K
Money outPt IX
$805K
Ln 25
Programscol B$634K
Managementcol C$171K
Owns and owesPt X
$943K
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$1.6M
LiabilitiesLn 26$617K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$704K
Investment incomeLn 3$10K
Other incomeLn 4–11$400
Gains on assetsLn 7$1K
Total revenueLn 12$789K
Assets in detailPt X, end of year
CashLn 1$398K
Cash and savings togetherLn 1–2$398K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.6M
LiabilitiesLn 26$617K
Net assetsLn 32$943K
OperationsPt I, VI
EmployeesI 522
VolunteersI 615
Fiscal year endsHeaderAugust
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 FY25End FY25
Cash and savingsLn 1–2$375K$398K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$629K$617K
Net assetsLn 32$960K$943K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$509K$509K
Other employee benefitsLn 9$22K$22K
Payroll taxesLn 10$39K$39K
Accounting feesLn 11c$20K$20K
Advertising and promotionLn 12$431$431
Office expensesLn 13$2K$2K
Information technologyLn 14$11K$11K
OccupancyLn 16$42K$42K
Conferences, conventions and meetingsLn 19$0$0
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$67K$67K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$64K$64K$0$0
All other expensesLn 24e$843$843
Total functional expensesLn 25$805K$634K$171K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jan 14, 2026 $789K$805K−$17K$943K 990 PDF
FY2024Filed with the IRS Jan 15, 2025 $759K$753K$6K$960K 990 PDF
FY2023Filed with the IRS Jan 16, 2024 $713K$678K$35K$954K 990 PDF
FY2022Filed with the IRS Jan 13, 2023 $741K$619K$122K$918K 990 PDF
FY2021Filed with the IRS Jan 10, 2022 $473K$432K$41K$796K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $788,630 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,293$74,135
I-9 Program service revenuePrior year $690,305$703,986
I-10 Investment incomePrior year $8,803$10,109
I-11 Other revenuePrior year $959$400
I-12 Total revenuePrior year $759,360$788,630
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 $529,549$569,818
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $223,583$235,670
I-18 Total expensesPrior year $753,132$805,488
I-19 Revenue less expensesPrior year $6,228−$16,858
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $788,630 across 13 lines filed
Lines not itemized here account for $400 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$7,999
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$66,136
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$74,135
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $703,986 · Unrelated business $0 · Excluded from tax $0$703,986
VIII-3 Investment incomeRelated to mission $9,109 · Unrelated business $0 · Excluded from tax $0$9,109
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,000 · Unrelated business $0 · Excluded from tax $0$1,000
VIII-12 Total revenueRelated to mission $714,495 · Unrelated business $0 · Excluded from tax $0$788,630
Part IX · Statement of functional expenses $805,488 across 14 lines filed
IX-7 Other salaries and wagesPrograms $508,552$508,552
IX-9 Other employee benefitsPrograms $22,257$22,257
IX-10 Payroll taxesPrograms $39,009$39,009
IX-11c Accounting feesManagement $19,758$19,758
IX-12 Advertising and promotionManagement $431$431
IX-13 Office expensesManagement $2,337$2,337
IX-14 Information technologyManagement $10,526$10,526
IX-16 OccupancyManagement $41,811$41,811
IX-19 Conferences, conventions and meetingsManagement $0$0
IX-20 InterestManagement $18,169$18,169
IX-22 Depreciation, depletion and amortizationManagement $67,224$67,224
IX-23 InsuranceManagement $10,765$10,765
IX-24 Other expenses (24a–d)Programs $63,806 · Management $0 · Fundraising $0$63,806
IX-24e All other expensesPrograms $843$843
IX-25 Total functional expensesPrograms $634,467 · Management $171,021 · Fundraising $0$805,488
Part X · Balance sheet $1,560,143 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $375,423$397,520
X-4 Accounts receivableStart of year $8,618$6,273
X-10c Land, buildings and equipment, netStart of year $1,205,075$1,156,350
X-16 Total assetsStart of year $1,589,116$1,560,143
X-18 Grants payableStart of year $21,030$734
X-19 Deferred revenueStart of year $253,141$276,416
X-26 Total liabilitiesStart of year $629,229$617,114
X-27 Net assets without donor restrictionsStart of year $959,887$943,029
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $959,887$943,029
X-33 Total liabilities and net assetsStart of year $1,589,116$1,560,143
Part XI · Reconciliation of net assets $943,029 net assets at year end
XI-1 Total revenue$788,630
XI-2 Total expenses$805,488
XI-3 Revenue less expenses−$16,858
XI-4 Net assets at start of year$959,887
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$943,029

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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