philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Summit Schools INC FY2021 filing

Tax-deductible

Cedar Rapids, IA501(c)(3)Education EIN 41-1472874Revenue $1.0M in FY2021

On file with the IRSsummitschools.com1010 Regent St Ne, 52402-5730 · Cedar Rapids, IATax-exempt since Apr 1999School — 170(b)(1)(A)(ii)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To assist children in reaching their fullest potential through quality academic education.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $181K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $21K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$776K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$1.0M
To programs
91%
Net assets
$456K
By yearFY2021–FY2025
Revenue
$1.0M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$1.5M
FY2023$1.3M
FY2024$1.5M
FY2025$1.8M
Expenses
$1.0M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.0M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
FY2025$1.6M
Net assets
$456K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$456K
FY2022$854K
FY2023$969K
FY2024$1.1M
FY2025$1.4M

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1999.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $941K Management & general 9% · $90K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Paly Afridi
President
$0Pt VII · Sec A
Dan Clarke
Vice-Preside
$0Pt VII · Sec A
Lynn Davy
Board Member
$0Pt VII · Sec A
Cameron Devor
Treasurer
$0Pt VII · Sec A
Matt Doty
Secretary
$0Pt VII · Sec A
Chris Graw
Board Member
$0Pt VII · Sec A
Laurene Lanich
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Summit Schools INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 children achieve their best through quality education.

Questions for Summit Schools INC

Tap to ask. Summit Schools INC sees how many people are interested.

Your first name shows with your question. Summit Schools INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $941K · in their own filed words · FY2020
01

To enable each child to become fully functional, responsible, productive and contributing members of society. To accomplish this, the school will offer educational programs of the highest attainable quality.

$941Kprogram 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
American Online Giving Foundation INCFY2024$11K
Folds of Honor FoundationFY2024$7K
The Lovett FoundationFY2024$2K
Alliant Energy Foundation INCFY2024$500
Total grants receivedfrom 4 funders$21K
See all 4 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$774K
Other incomeLn 4–11$167K
Gifts and grantsLn 1h$83K
Money outPt IX
$1.0M
Ln 25
Programscol B$941K
Managementcol C$90K
Owns and owesPt X
$456K
net assets · Ln 32
Cash and savingsLn 1–2$787K
Total assetsLn 16$1.2M
LiabilitiesLn 26$776K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Government grantsLn 1e$1K
Fees for servicesLn 2g$774K
Investment incomeLn 3$10K
Other incomeLn 4–11$167K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$272K
SavingsLn 2$514K
Cash and savings togetherLn 1–2$787K
Land, buildings, equipmentLn 10c$416K
Total assetsLn 16$1.2M
LiabilitiesLn 26$776K
Net assetsLn 32$456K
OperationsPt I, VI
EmployeesI 553
VolunteersI 636
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$508K$787K
Land, buildings, equipmentLn 10c$497K$416K
Total assetsLn 16$1.0M$1.2M
LiabilitiesLn 26$599K$776K
Net assetsLn 32$443K$456K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$719K$640K$78K
Other employee benefitsLn 9$36K$32K$4K
Payroll taxesLn 10$54K$48K$6K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$4K$3K$1K
OccupancyLn 16$14K$14K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$36K$36K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$73K$73K
All other expensesLn 24e$45K$45K
Total functional expensesLn 25$1.0M$941K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.6M$233K$1.4M 990 PDF
FY2024 $1.5M$1.3M$158K$1.1M 990 PDF
FY2023 $1.3M$1.2M$115K$969K 990 PDF
FY2022 $1.5M$1.1M$397K$854K 990 PDF
FY2021 Viewing $1.0M$1.0M$3K$456K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,032,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,565$82,530
I-9 Program service revenuePrior year $904,556$773,504
I-10 Investment incomePrior year $6,523$9,719
I-11 Other revenuePrior year $92,550$166,949
I-12 Total revenuePrior year $1,081,194$1,032,702
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $863,656$808,237
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $191,943$221,931
I-18 Total expensesPrior year $1,055,599$1,030,168
I-19 Revenue less expensesPrior year $25,595$2,534
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,032,702 across 9 lines filed
VIII-1e Government grants$1,240
VIII-1f All other contributions, gifts and grants$81,290
VIII-1h Total contributions, gifts and grants$82,530
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $773,504$773,504
VIII-3 Investment incomeExcluded from tax $9,719$9,719
VIII-6 Net rental income or lossUnrelated business −$3,551−$3,551
VIII-8 Net income from fundraising events$45,159
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $125,341$125,341
VIII-12 Total revenueRelated to mission $898,845 · Unrelated business −$3,551 · Excluded from tax $9,719$1,032,702
Part IX · Statement of functional expenses $1,030,168 across 13 lines filed
IX-7 Other salaries and wagesPrograms $640,226 · Management $78,288$718,514
IX-9 Other employee benefitsPrograms $31,852 · Management $3,895$35,747
IX-10 Payroll taxesPrograms $48,095 · Management $5,881$53,976
IX-11c Accounting feesPrograms $8,525$8,525
IX-12 Advertising and promotionPrograms $11,176$11,176
IX-13 Office expensesPrograms $2,774 · Management $1,492$4,266
IX-16 OccupancyPrograms $13,595$13,595
IX-19 Conferences, conventions and meetingsPrograms $1,716$1,716
IX-20 InterestPrograms $8,108$8,108
IX-22 Depreciation, depletion and amortizationPrograms $36,476$36,476
IX-23 InsurancePrograms $20,143$20,143
IX-24 Other expenses (24a–d)Programs $72,933$72,933
IX-24e All other expensesPrograms $44,993$44,993
IX-25 Total functional expensesPrograms $940,612 · Management $89,556 · Fundraising $0$1,030,168
Part X · Balance sheet $1,232,201 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $170,101$272,374
X-2 Savings and temporary cash investmentsStart of year $337,817$514,235
X-4 Accounts receivableStart of year $37,076$22,392
X-9 Prepaid expenses and deferred chargesStart of year $137$7,362
X-10c Land, buildings and equipment, netStart of year $497,139$415,838
X-16 Total assetsStart of year $1,042,270$1,232,201
X-17 Accounts payable and accrued expensesStart of year $57,354$44,411
X-19 Deferred revenueStart of year $84,855$208,140
X-26 Total liabilitiesStart of year $598,937$775,813
X-27 Net assets without donor restrictionsStart of year $213,647$194,399
X-28 Net assets with donor restrictionsStart of year $229,686$261,989
X-32 Total net assets or fund balancesStart of year $443,333$456,388
X-33 Total liabilities and net assetsStart of year $1,042,270$1,232,201
Part XI · Reconciliation of net assets $456,388 net assets at year end
XI-1 Total revenue$1,032,702
XI-2 Total expenses$1,030,168
XI-3 Revenue less expenses$2,534
XI-4 Net assets at start of year$443,333
XI-9 Other changes in net assets$10,521
XI-10 Net assets at end of year$456,388

Form 990 e-file (XML) FY2021 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.

Your org? Add context

Made it to the end? Claim this org

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.