Summit Ranch INC FY2021 filing

Kila, MTUnknown exempt organizationSince 2003 EIN 81-0538434Revenue $1.5M in FY2021

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.

$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% 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
$19.8M
×1048 of total assets
Concern: liabilities are 104800% 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
$1.5M
+73% vs prior year
Spent
$481K
To programs
0%
Net assets
−$19.8M
By yearFY2020–FY2022
Revenue
$1.5M
FY2021▲ +73%
Tap a bar for its year
Revenue by fiscal year
FY2020$860K
FY2021$1.5M
FY2022$13.4M
Expenses
$481K
FY2021▼ -85%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$481K
FY2022$7K
Net assets
−$19.8M
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020−$26.9M
FY2021−$19.8M
FY2022$0

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

What each dollar paid for.

Management & general 100% · $481K

Form 990 Part IX, line 25. 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; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$10,000Pt 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 II1 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 · in their own filed words · FY2021
01

an educational and therapetic level the school strives for excellance with advanced college prep academics along with caring and effective professional therapy

Pt IX · col B

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Money outPt IX
$481K
Ln 25
Managementcol C$481K
Owns and owesPt X
−$19.8M
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$19K
LiabilitiesLn 26$19.8M
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$1.5M
Government grantsLn 1e$649K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$0
Cash and savings togetherLn 1–2$19K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$19K
LiabilitiesLn 26$19.8M
Net assetsLn 32−$19.8M
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 FY21End FY21
Cash and savingsLn 1–2$129K$19K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$7.9M$0
Total assetsLn 16$8.1M$19K
LiabilitiesLn 26$35.0M$19.8M
Net assetsLn 32−$26.9M−$19.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$10K$0$10K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$27K$0$27K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$23K$0$23K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$106K$0$106K$0
Other expenses (24a–d)Ln 24$154K$0$154K$0
All other expensesLn 24e$161K$0$161K$0
Total functional expensesLn 25$481K$0$481K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $13.4M$7K$13.4M$0 990 PDF
FY2021 Viewing $1.5M$481K$1.0M−$19.8M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $1,486,095 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,172$1,486,095
I-9 Program service revenuePrior year $781,941$0
I-10 Investment incomePrior year $32,426$0
I-11 Other revenuePrior year $6,505$0
I-12 Total revenuePrior year $860,044$1,486,095
I-13 Grants and similar amounts paidPrior year $120,073$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,595,964$10,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,589,775$471,265
I-18 Total expensesPrior year $3,305,812$481,265
I-19 Revenue less expensesPrior year −$2,445,768$1,004,830
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 $1,486,095 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$649,107
VIII-1f All other contributions, gifts and grants$836,988
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,486,095
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,486,095
Part IX · Statement of functional expenses $481,265 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $10,000 · Fundraising $0$10,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $1,696 · Fundraising $0$1,696
IX-11c Accounting feesPrograms $0 · Management $27,000 · Fundraising $0$27,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $22,586 · Fundraising $0$22,586
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $105,742 · Fundraising $0$105,742
IX-24 Other expenses (24a–d)Programs $0 · Management $153,693 · Fundraising $0$153,693
IX-24e All other expensesPrograms $0 · Management $160,548 · Fundraising $0$160,548
IX-25 Total functional expensesPrograms $0 · Management $481,265 · Fundraising $0$481,265
Part X · Balance sheet $18,956 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $128,951$18,956
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $100,592$0
X-8 Inventories for sale or useStart of year $2,039$0
X-9 Prepaid expenses and deferred chargesStart of year $2,987$0
X-10c Land, buildings and equipment, netStart of year $7,875,431$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $21,497$0
X-16 Total assetsStart of year $8,131,497$18,956
X-17 Accounts payable and accrued expensesStart of year $252,070$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $344,475$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $654,307$0
X-26 Total liabilitiesStart of year $35,001,901$19,848,728
X-27 Net assets without donor restrictionsStart of year −$26,870,404−$19,829,772
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$26,870,404−$19,829,772
X-33 Total liabilities and net assetsStart of year $8,131,497$18,956
Part XI · Reconciliation of net assets −$19,829,772 net assets at year end
XI-1 Total revenue$1,486,095
XI-2 Total expenses$481,265
XI-3 Revenue less expenses$1,004,830
XI-4 Net assets at start of year−$26,870,404
XI-5 Net unrealized gains (losses) on investments$6,035,802
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−$19,829,772

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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