Summit Classical Charter School INC FY2023 filing

Tax-deductible

Columbia, SC501(c)(3)EducationEIN 82-5507072

The mission of summit classical charter school (sccs) is to cultivate a learning environment in clinton, south carolina that produces model citizens who embrace ongoing achievement in education and service. Sccs strives to create a regional model for establishing a school climate that fosters the values of classical education to support the growth and development of leadership-caliber students. Sccs intends to integrate classical literature, latin, and rhetorical arts into the study of existing subjects. The development of the skills required to master these demanding disciplines advances students that think with order, depth, and complexity beyond the educational environment and into the modern marketplace.

501(c)(3) charity; gifts are tax-deductible.
73¢ 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 deficit $69K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$847K
110% of total assets
Concern: liabilities are 110% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 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
+27% vs prior year
Spent
$1.6M
To programs
73%
Net assets
−$77K
By yearFY2020–FY2024
Revenue
$1.5M
FY2023▲ +27%
Revenue by fiscal year
FY2020$969K
FY2021$1.4M
FY2022$1.2M
FY2023$1.5M
FY2024$1.1M
Expenses
$1.6M
FY2023▲ +14%
Expenses by fiscal year
FY2020$844K
FY2021$1.3M
FY2022$1.4M
FY2023$1.6M
FY2024$1.4M
Net assets
−$77K
FY2023▼ -763%
Net assets by fiscal year
FY2020$127K
FY2021$222K
FY2022$12K
FY2023−$77K
FY2024−$341K

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 Jul 2019.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.2M Management & general 27% · $425K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Summit Classical Charter School INC executive salaries →

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

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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Cultivates model citizens through classical education, fostering achievement and leadership.

Provided by the organization

This section is blank until Summit Classical Charter School INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $1.2M of program spending, described in the organization's own filed words · FY2022.
01

In FY23, summit provided educational services to approximately 110 students.

$1.2Mprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$34K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$425K
Owns and owesPt X
−$77K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$769K
LiabilitiesLn 26$847K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.5M
Fees for servicesLn 2g$34K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$391K
Other assetsLn 15$325K
Total assetsLn 16$769K
LiabilitiesLn 26$847K
Net assetsLn 32−$77K
OperationsPt I, VI
EmployeesI 57
VolunteersI 69
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 FY23End FY23
Cash and savingsLn 1–2$85K$54K
Land, buildings, equipmentLn 10c$491K$391K
Total assetsLn 16$979K$769K
LiabilitiesLn 26$968K$847K
Net assetsLn 32$12K−$77K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$648K$560K$87K
Other employee benefitsLn 9$130K$118K$12K
Management feesLn 11a$195K$195K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$210K$101K$109K
Information technologyLn 14$39K$39K
OccupancyLn 16$36K$36K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$242K$242K
Other expenses (24a–d)Ln 24$53K$46K$7K
All other expensesLn 24e$2K$800$700
Total functional expensesLn 25$1.6M$1.2M$425K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.4M−$264K−$341K 990 PDF
FY2023 Viewing $1.5M$1.6M−$89K−$77K 990 PDF
FY2022 $1.2M$1.4M−$211K$12K 990 PDF
FY2021 $1.4M$1.3M$96K$222K 990 PDF
FY2020 $969K$844K$124K$127K 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 $1,488,424 across 4 lines filed
VIII-1e Government grants$1,454,466
VIII-1h Total contributions, gifts and grants$1,454,466
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,958$33,958
VIII-12 Total revenueRelated to mission $33,958$1,488,424
Part IX · Statement of functional expenses $1,577,355 across 11 lines filed
IX-7 Other salaries and wagesPrograms $560,469 · Management $87,113$647,582
IX-9 Other employee benefitsPrograms $117,995 · Management $11,679$129,674
IX-11a Management feesManagement $194,852$194,852
IX-11c Accounting feesManagement $14,000$14,000
IX-11g Other fees for servicesPrograms $101,268 · Management $109,024$210,292
IX-14 Information technologyPrograms $39,217$39,217
IX-16 OccupancyPrograms $35,990$35,990
IX-20 InterestPrograms $8,947$8,947
IX-22 Depreciation, depletion and amortizationPrograms $242,032$242,032
IX-24 Other expenses (24a–d)Programs $45,880 · Management $7,389$53,269
IX-24e All other expensesPrograms $800 · Management $700$1,500
IX-25 Total functional expensesPrograms $1,152,598 · Management $424,757 · Fundraising $0$1,577,355
Part X · Balance sheet $769,352 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $84,763$53,884
X-10c Land, buildings and equipment, netStart of year $491,157$390,723
X-15 Other assetsStart of year $385,285$324,745
X-16 Total assetsStart of year $979,204$769,352
X-17 Accounts payable and accrued expensesStart of year $382,991$402,954
X-19 Deferred revenueStart of year $1,440$3,188
X-25 Other liabilitiesStart of year $289,432$146,800
X-26 Total liabilitiesStart of year $967,556$846,635
X-32 Total net assets or fund balancesStart of year $11,648−$77,283
X-33 Total liabilities and net assetsStart of year $979,204$769,352
Part XI · Reconciliation of net assets −$77,283 net assets at year end
XI-1 Total revenue$1,488,424
XI-2 Total expenses$1,577,355
XI-3 Revenue less expenses−$88,931
XI-4 Net assets at start of year$11,648
XI-10 Net assets at end of year−$77,283

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.