Summit Ranch INC FY2020 filing

Kila, MTUnknown exempt organizationSince 2003EIN 81-0538434Revenue $860K in FY2020

On file with the IRSsummitprepschool.orgPo Box 508 · Kila, MT

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Summit preparatory school is a non-profit, college preparatory, therapeutic boarding school providing a safe and effective solution for teens in crisis.

81¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $4.0M a year · 76% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$35.0M
430% of total assets
Concern: liabilities are 430% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$860K
Spent
$3.3M
To programs
81%
Net assets
−$26.9M
By yearFY2020–FY2022
Revenue
$860K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$860K
FY2021$1.5M
FY2022$13.4M
Expenses
$3.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$481K
FY2022$7K
Net assets
−$26.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$26.9M
FY2021−$19.8M
FY2022$0

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $2.7M Management & general 18% · $607K Fundraising 0% · $6K

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

8 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$89,513Pt VII · Sec A
$0Pt VII · Sec A
Secretary/ Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Todd Fiske$10,000$89,513

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.

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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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Helps teens in crisis by providing a safe, therapeutic college preparatory boarding school.

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Provided by the organization

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1 program · $2.7M · in their own filed words · FY2020
01

Provided college preparatory academics and caring, professional therapy for teens in crisis.

$2.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $120K · 2020–2020
Unitemized GrantFY2020$120,073

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$860K
Ln 12
Fees for servicesLn 2g$782K
Gifts and grantsLn 1h$39K
Investment incomeLn 3$32K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.7M
Managementcol C$607K
Fundraisingcol D$6K
Owns and owesPt X
−$26.9M
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$8.1M
LiabilitiesLn 26$35.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Government grantsLn 1e$10K
Fees for servicesLn 2g$782K
Investment incomeLn 3$32K
Other incomeLn 4–11$7K
Gains on assetsLn 7$32K
Total revenueLn 12$860K
Assets in detailPt X, end of year
CashLn 1$129K
Cash and savings togetherLn 1–2$129K
Land, buildings, equipmentLn 10c$7.9M
Other assetsLn 15$21K
Total assetsLn 16$8.1M
LiabilitiesLn 26$35.0M
Net assetsLn 32−$26.9M
OperationsPt I, VI
EmployeesI 583
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$747K$129K
Land, buildings, equipmentLn 10c$8.2M$7.9M
Total assetsLn 16$9.8M$8.1M
LiabilitiesLn 26$34.2M$35.0M
Net assetsLn 32−$24.4M−$26.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$120K$120K
Pay of current officers, directors and key staffLn 5$92K$91K$921
Other salaries and wagesLn 7$1.2M$959K$263K$3K
Other employee benefitsLn 9$186K$181K$4K$2K
Payroll taxesLn 10$93K$63K$29K$297
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$92K$42K$51K
Office expensesLn 13$42K$37K$5K$425
Information technologyLn 14$18K$18K
OccupancyLn 16$51K$50K$1K
TravelLn 17$6K$6K
InterestLn 20$875K$858K$18K
Depreciation, depletion and amortizationLn 22$312K$306K$6K
InsuranceLn 23$68K$223$68K
Other expenses (24a–d)Ln 24$68K$42K$26K
All other expensesLn 24e$24K$11K$13K
Total functional expensesLn 25$3.3M$2.7M$607K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $13.4M$7K$13.4M$0 990 PDF
FY2021 $1.5M$481K$1.0M−$19.8M 990 PDF
FY2020 Viewing $860K$3.3M−$2.4M−$26.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $860,044 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $692,787$39,172
I-9 Program service revenuePrior year $3,873,964$781,941
I-10 Investment incomePrior year $2,385$32,426
I-11 Other revenuePrior year $18,018$6,505
I-12 Total revenuePrior year $4,587,154$860,044
I-13 Grants and similar amounts paidPrior year $287,865$120,073
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,505,054$1,595,964
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,176,210$1,589,775
I-18 Total expensesPrior year $5,969,129$3,305,812
I-19 Revenue less expensesPrior year −$1,381,975−$2,445,768
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
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 $860,044 across 8 lines filed
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$29,172
VIII-1h Total contributions, gifts and grants$39,172
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $781,941$781,941
VIII-3 Investment incomeExcluded from tax $873$873
VIII-7 Net gain or loss on sales of assetsExcluded from tax $31,553$31,553
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,505$6,505
VIII-12 Total revenueRelated to mission $788,446 · Unrelated business $0 · Excluded from tax $32,426$860,044
Part IX · Statement of functional expenses $3,305,812 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $120,073$120,073
IX-5 Pay of current officers, directors and key staffManagement $91,207 · Fundraising $921$92,128
IX-7 Other salaries and wagesPrograms $958,755 · Management $263,483 · Fundraising $2,662$1,224,900
IX-9 Other employee benefitsPrograms $180,778 · Management $3,727 · Fundraising $1,864$186,369
IX-10 Payroll taxesPrograms $62,823 · Management $29,447 · Fundraising $297$92,567
IX-11b Legal feesManagement $5,102$5,102
IX-11c Accounting feesManagement $27,798$27,798
IX-11g Other fees for servicesPrograms $41,553 · Management $50,584$92,137
IX-13 Office expensesPrograms $37,298 · Management $4,736 · Fundraising $425$42,459
IX-14 Information technologyPrograms $18,202$18,202
IX-16 OccupancyPrograms $49,568 · Management $1,012$50,580
IX-17 TravelPrograms $6,230$6,230
IX-20 InterestPrograms $857,635 · Management $17,503$875,138
IX-22 Depreciation, depletion and amortizationPrograms $305,545 · Management $6,236$311,781
IX-23 InsurancePrograms $223 · Management $67,678$67,901
IX-24 Other expenses (24a–d)Programs $42,303 · Management $26,162$68,465
IX-24e All other expensesPrograms $11,260 · Management $12,722$23,982
IX-25 Total functional expensesPrograms $2,692,246 · Management $607,397 · Fundraising $6,169$3,305,812
Part X · Balance sheet $8,131,497 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $746,990$128,951
X-4 Accounts receivableStart of year $93,400$100,592
X-8 Inventories for sale or useStart of year $1,391$2,039
X-9 Prepaid expenses and deferred chargesStart of year $6,971$2,987
X-10c Land, buildings and equipment, netStart of year $8,200,732$7,875,431
X-15 Other assetsStart of year $17,998$21,497
X-16 Total assetsStart of year $9,764,025$8,131,497
X-17 Accounts payable and accrued expensesStart of year $412,676$252,070
X-19 Deferred revenueStart of year $383,819$344,475
X-24 Unsecured notes and loans payable$654,307
X-26 Total liabilitiesStart of year $34,188,661$35,001,901
X-27 Net assets without donor restrictionsStart of year −$24,424,636−$26,870,404
X-32 Total net assets or fund balancesStart of year −$24,424,636−$26,870,404
X-33 Total liabilities and net assetsStart of year $9,764,025$8,131,497
Part XI · Reconciliation of net assets −$26,870,404 net assets at year end
XI-1 Total revenue$860,044
XI-2 Total expenses$3,305,812
XI-3 Revenue less expenses−$2,445,768
XI-4 Net assets at start of year−$24,424,636
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$26,870,404

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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