Summit Charter School INC

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Operation of a north carolina public Charter School

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-1993257) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 11 volunteers and 63 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $26K a year · 0.7% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
79% of spending went to programs.
Pt IX · Ln 25 · col B
0.2 mo
of spending, in cash
0.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$181K
43% of total assets
Liabilities are 43% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.6M
+8% vs prior year
Spent
$4.5M
To programs
79%
Net assets
$241K
By yearFY2020–FY2025
Revenue
$4.6M
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.5M
FY2022$3.8M
FY2023$4.0M
FY2024$4.2M
FY2025$4.6M
Expenses
$4.5M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$3.7M
FY2023$4.0M
FY2024$4.2M
FY2025$4.5M
Net assets
$241K
FY2025▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2020−$178K
FY2021$91K
FY2022$155K
FY2023$142K
FY2024$167K
FY2025$241K

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1998.

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% · $3.6M Management & general 21% · $964K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kurt Pusch’s $181K as Head of School is at the 77th percentile of top reported officer pay among 3395 $1–10M 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

NameFY2023FY2022FY2021FY2020
Kurt Pusch$181,136———
Kurt Pusch Non-Voting—$174,100$154,675$70,590
Andrea Chalker$108,398———
Andrea L Chalker—$105,749——
Andrea Chalker Non Voting——$101,992—
Lauren Bennett Non Voting——$73,199—
Marie Smith Non Voting——$69,382—
Marie Starkings Non Voting———$63,650

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 Charter School 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

Operates a public charter school in North Carolina.

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1 program · $3.6M · in their own filed words · FY2024
01

Operated as a public charter school in Cashiers, North Carolina serving approximately 320 students for the fiscal year ended June 30, 2025.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-1993257) · Dispute this line
$3.6Mprogram 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$25K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.6M
Ln 12
Fees for servicesLn 2g$3.6M
Gifts and grantsLn 1h$960K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.6M
Managementcol C$964K
Owns and owesPt X
$241K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$422K
LiabilitiesLn 26$181K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$960K
Government grantsLn 1e$128K
Fees for servicesLn 2g$3.6M
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Pledges and grants receivableLn 3$82K
Prepaid expenses and deferred chargesLn 9$21K
Land, buildings, equipmentLn 10c$241K
Total assetsLn 16$422K
LiabilitiesLn 26$181K
Net assetsLn 32$241K
OperationsPt I, VI
EmployeesI 563
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$22K$79K
Land, buildings, equipmentLn 10c$151K$241K
Total assetsLn 16$756K$422K
LiabilitiesLn 26$589K$181K
Net assetsLn 32$167K$241K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.7M$2.3M$420K
Pension plan contributionsLn 8$74K$65K$10K
Other employee benefitsLn 9$317K$305K$12K
Payroll taxesLn 10$231K$191K$39K
Management feesLn 11a$0
Legal feesLn 11b$504$504
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$105K$105K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$873$873
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$47K$37K$9K
InsuranceLn 23$67K$67K
Other expenses (24a–d)Ln 24$933K$641K$292K
All other expensesLn 24e$0
Total functional expensesLn 25$4.5M$3.6M$964K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 3, 2026 $4.6M$4.5M$74K$241K 990 PDF
FY2024Filed with the IRS Mar 7, 2025 $4.2M$4.2M$24K$167K 990 PDF
FY2023Filed with the IRS Apr 24, 2024 $4.0M$4.0M−$13K$142K 990 PDF
FY2022Filed with the IRS Apr 28, 2023 $3.8M$3.7M$64K$155K 990 PDF
FY2021Filed with the IRS May 16, 2022 $3.5M$3.2M$269K$91K 990 PDF
FY2020Filed with the IRS Apr 9, 2021 $2.7M$3.0M−$264K−$178K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $4,600,806 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $739,840$959,830
I-9 Program service revenuePrior year $3,504,142$3,640,976
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $4,243,982$4,600,806
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,079,409$3,365,313
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,140,188$1,161,693
I-18 Total expensesPrior year $4,219,597$4,527,006
I-19 Revenue less expensesPrior year $24,385$73,800
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,600,806 across 5 lines filed
VIII-1e Government grants$127,780
VIII-1f All other contributions, gifts and grants$832,050
VIII-1h Total contributions, gifts and grants$959,830
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$3,640,976
VIII-12 Total revenue$4,600,806
Part IX · Statement of functional expenses $4,527,006 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,323,863 · Management $419,762$2,743,625
IX-8 Pension plan contributionsPrograms $64,791 · Management $9,520$74,311
IX-9 Other employee benefitsPrograms $305,074 · Management $11,704$316,778
IX-10 Payroll taxesPrograms $191,393 · Management $39,206$230,599
IX-11a Management fees$0
IX-11b Legal feesManagement $504$504
IX-11c Accounting feesManagement $7,176$7,176
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $1,507$1,507
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $104,886$104,886
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $873$873
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $37,268 · Management $9,316$46,584
IX-23 InsuranceManagement $67,359$67,359
IX-24 Other expenses (24a–d)Programs $640,533 · Management $292,271$932,804
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $3,562,922 · Management $964,084 · Fundraising $0$4,527,006
Part X · Balance sheet $421,707 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $22,025$78,521
X-3 Pledges and grants receivableStart of year $90,848$81,715
X-9 Prepaid expenses and deferred chargesStart of year $17,880$20,689
X-10c Land, buildings and equipment, netStart of year $150,948$240,782
X-16 Total assetsStart of year $755,677$421,707
X-17 Accounts payable and accrued expensesStart of year $43,726$93,005
X-19 Deferred revenueStart of year $47,575$38,339
X-23 Secured mortgages and notes payableStart of year $497,663$49,850
X-26 Total liabilitiesStart of year $588,964$181,194
X-27 Net assets without donor restrictionsStart of year $166,713$240,513
X-32 Total net assets or fund balancesStart of year $166,713$240,513
X-33 Total liabilities and net assetsStart of year $755,677$421,707
Part XI · Reconciliation of net assets $240,513 net assets at year end
XI-1 Total revenue$4,600,806
XI-2 Total expenses$4,527,006
XI-3 Revenue less expenses$73,800
XI-4 Net assets at start of year$166,713
XI-10 Net assets at end of year$240,513

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

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