Summit Academy Management FY2023 filing

Tax-deductible

Akron, OH501(c)(3)Since 2002EducationEIN 34-1938197

This page gets seen. Tell your story. Claim this org.

IT is the mission of Summit Academy Management to design, develop, and deliver eductional opportunities in a theraputic environment so everyone can learn.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
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
2 of 5
filings with a surplus
Average surplus $757K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 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
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.4M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49.0M
-9% vs prior year
Spent
$51.8M
To programs
89%
Net assets
$26.1M
By yearFY2020–FY2024
Revenue
$49.0M
FY2023▼ -9%
Revenue by fiscal year
FY2020$52.2M
FY2021$45.5M
FY2022$53.8M
FY2023$49.0M
FY2024$46.8M
FY2024$42.5M
Expenses
$51.8M
FY2023▲ +7%
Expenses by fiscal year
FY2020$47.0M
FY2021$46.4M
FY2022$48.6M
FY2023$51.8M
FY2024$49.8M
FY2024$47.5M
Net assets
$26.1M
FY2023▼ -14%
Net assets by fiscal year
FY2020$32.8M
FY2021$25.2M
FY2022$30.4M
FY2023$26.1M
FY2024$23.1M
FY2024$18.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
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 ruling in Nov 2002.

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% · $46.3M Management & general 11% · $5.5M

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

14 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
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

John Guyer’s $225K as CEO is at the 46th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
John Guyer$225,000$225,501$201,500$176,244$168,219
Mark Michael$196,056$188,143$154,839$116,250$105,958
Amy Cole$169,876$161,547$139,701——
Jim Wilson———$22,198$133,978
Debra Skul——$131,500$132,750$130,161
Erica Richley$132,093$110,907—$124,022$102,573
Eric Marthaler———$130,038$91,657
Erica Richley - Duda——$115,391——

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 Management executive salaries →

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

Something off? The org can add a note here. Request edit privileges.

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

Helps charter schools with essential support services.

Provided by the organization

This section is blank until Summit Academy Management claims this page.

Know this organization? Claim it to add your story

1 program service account for $46.3M of program spending, described in the organization's own filed words · FY2022.
01

Summit academy management provided support for twenty-seven charter schools during their 2017 fiscal year pursuant to a management contract. This included human resources, payroll, and other office services.

$46.3Mprogram 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.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$49.0M
Ln 12
Fees for servicesLn 2g$48.2M
Other incomeLn 4–11$522K
Investment incomeLn 3$307K
Money outPt IX
$51.8M
Ln 25
Programscol B$46.3M
Managementcol C$5.5M
Owns and owesPt X
$26.1M
net assets · Ln 32
Cash and savingsLn 1–2$10.9M
Total assetsLn 16$31.4M
LiabilitiesLn 26$5.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$799
Fees for servicesLn 2g$48.2M
Investment incomeLn 3$307K
Other incomeLn 4–11$522K
Total revenueLn 12$49.0M
Assets in detailPt X, end of year
CashLn 1$10.9M
Cash and savings togetherLn 1–2$10.9M
Land, buildings, equipmentLn 10c$9.8M
Other assetsLn 15$3.2M
Total assetsLn 16$31.4M
LiabilitiesLn 26$5.4M
Net assetsLn 32$26.1M
OperationsPt I, VI
EmployeesI 5514
VolunteersI 61
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
Cash and savingsLn 1–2$15.8M$10.9M
Land, buildings, equipmentLn 10c$14.5M$9.8M
Total assetsLn 16$30.4M$31.4M
LiabilitiesLn 26$0$5.4M
Net assetsLn 32$30.4M$26.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.2M$1.2M
Other salaries and wagesLn 7$24.8M$22.6M$2.1M
Pension plan contributionsLn 8$3.5M$3.3M$173K
Other employee benefitsLn 9$4.0M$3.4M$609K
Legal feesLn 11b$820K$533K$286K
Accounting feesLn 11c$43K$28K$15K
Other fees for servicesLn 11g$4.4M$4.3M$28K
Advertising and promotionLn 12$75K$56K$19K
Office expensesLn 13$3.2M$3.1M$92K
Information technologyLn 14$404K$396K$8K
TravelLn 17$5.9M$5.7M$256K
Travel and entertainment for public officialsLn 18$180K$115K$66K
Depreciation, depletion and amortizationLn 22$1.5M$1.4M$80K
InsuranceLn 23$704K$417K$287K
Other expenses (24a–d)Ln 24$1.1M$773K$298K
Total functional expensesLn 25$51.8M$46.3M$5.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $46.8M$49.8M−$2.9M$23.1M 990 PDF
FY2023 Viewing $49.0M$51.8M−$2.8M$26.1M 990 PDF
FY2022 $53.8M$48.6M$5.1M$30.4M 990 PDF
FY2021 $45.5M$46.4M−$862K$25.2M 990 PDF
FY2020 $52.2M$47.0M$5.2M$32.8M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $49,003,616 across 6 lines filed
VIII-1f All other contributions, gifts and grants$799
VIII-1h Total contributions, gifts and grants$799
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,174,051$48,174,051
VIII-3 Investment incomeExcluded from tax $306,617$306,617
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $522,149$522,149
VIII-12 Total revenueRelated to mission $48,696,200 · Unrelated business $0 · Excluded from tax $306,617$49,003,616
Part IX · Statement of functional expenses $51,799,952 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $1,182,394$1,182,394
IX-7 Other salaries and wagesPrograms $22,649,420 · Management $2,148,311$24,797,731
IX-8 Pension plan contributionsPrograms $3,335,041 · Management $172,796$3,507,837
IX-9 Other employee benefitsPrograms $3,419,387 · Management $609,400$4,028,787
IX-11b Legal feesPrograms $533,317 · Management $286,295$819,612
IX-11c Accounting feesPrograms $28,069 · Management $15,068$43,137
IX-11g Other fees for servicesPrograms $4,344,407 · Management $28,428$4,372,835
IX-12 Advertising and promotionPrograms $55,736 · Management $19,077$74,813
IX-13 Office expensesPrograms $3,144,680 · Management $92,311$3,236,991
IX-14 Information technologyPrograms $395,984 · Management $8,150$404,134
IX-17 TravelPrograms $5,660,713 · Management $255,530$5,916,243
IX-18 Travel and entertainment for public officialsPrograms $114,773 · Management $65,683$180,456
IX-22 Depreciation, depletion and amortizationPrograms $1,379,888 · Management $80,213$1,460,101
IX-23 InsurancePrograms $416,758 · Management $287,319$704,077
IX-24 Other expenses (24a–d)Programs $772,676 · Management $298,128$1,070,804
IX-25 Total functional expensesPrograms $46,250,849 · Management $5,549,103 · Fundraising $0$51,799,952
Part X · Balance sheet $31,441,474 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $15,832,778$10,858,270
X-4 Accounts receivable$7,496,596
X-9 Prepaid expenses and deferred charges$34,008
X-10c Land, buildings and equipment, netStart of year $14,519,493$9,828,424
X-15 Other assetsStart of year $0$3,224,176
X-16 Total assetsStart of year $30,352,271$31,441,474
X-17 Accounts payable and accrued expensesStart of year $0$3,747,577
X-25 Other liabilitiesStart of year $0$1,628,996
X-26 Total liabilitiesStart of year $0$5,376,573
X-27 Net assets without donor restrictionsStart of year $30,352,271$26,064,901
X-32 Total net assets or fund balancesStart of year $30,352,271$26,064,901
X-33 Total liabilities and net assetsStart of year $30,352,271$31,441,474
Part XI · Reconciliation of net assets $26,064,901 net assets at year end
XI-1 Total revenue$49,003,616
XI-2 Total expenses$51,799,952
XI-3 Revenue less expenses−$2,796,336
XI-4 Net assets at start of year$30,352,271
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,064,901

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

Similar organizations you could support · 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.