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Summit Middle Charter School INC FY2023 filing

Tax-deductible

Boulder, CO501(c)(3)Since 2000Education EIN 84-1562333Revenue $5.3M in FY2023Latest return filed May 15, 2026

On file with the IRSsum.bvsd.org4655 Hanover Ave, 80305-6036 · Boulder, COTax-exempt since Oct 2001School — 170(b)(1)(A)(ii)

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Public education for mainstream learners in a Middle School setting. The School is a no child left behind blue ribbon School.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$152K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 6
filings with a surplus
Average deficit $192K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$152K
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
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $117K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.6M
145% of total assets
Concern: liabilities are 145% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+7% vs prior year
Spent
$4.9M
To programs
60%
Net assets
−$2.0M
By yearFY2020–FY2025
Revenue
$5.3M
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.4M
FY2021$4.4M
FY2022$4.9M
FY2023$5.3M
FY2024$5.7M
FY2025$6.2M
Expenses
$4.9M
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0M
FY2021$4.0M
FY2022$4.7M
FY2023$4.9M
FY2024$5.6M
FY2025$8.8M
Net assets
−$2.0M
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020−$5.9M
FY2021−$4.0M
FY2022−$2.4M
FY2023−$2.0M
FY2024−$2.3M
FY2025−$5.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Oct 2001.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $3.0M Management & general 40% · $1.9M

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

10 people listed on the 990; $152K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Adam Galvin
Prinicpal
$151,526Pt VII · Sec A
$0Pt VII · Sec A
Daniel Simon
Treasurer
$0Pt VII · Sec A
Shari Polis
Secretary
$0Pt VII · Sec A
Matt Dahl
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Adam Galvin’s $174K as Principal is at the 75th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Adam Galvin$173,893$167,940$151,526$137,620$134,130
Mary Kathryn Wood$975————

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 Middle 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

Educates mainstream middle school students through public programs.

Questions for Summit Middle Charter School INC

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Your first name shows with your question. Summit Middle Charter School INC answers here, for everyone.

1 program · $3.0M · in their own filed words · FY2022
01

Summit middle school is a tuition-free, public charter school in theboulder valley school district (BVSD), serving grades 6,7, and 8THROUGH mixed-age classes grouped by ability, interest, motivation,developmental level, and mastery of previous material, and taught byteachers who are specialists in their subject areas.

$3.0Mprogram 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
Supporters of Summit INCFY2024$117K
Total grants receivedfrom 1 funder$117K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.3M
Ln 12
Gifts and grantsLn 1h$5.2M
Fees for servicesLn 2g$85K
Other incomeLn 4–11$2K
Money outPt IX
$4.9M
Ln 25
Programscol B$3.0M
Managementcol C$1.9M
Owns and owesPt X
−$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$4.5M
LiabilitiesLn 26$6.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.2M
Government grantsLn 1e$4.9M
Fees for servicesLn 2g$85K
Other incomeLn 4–11$2K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$3.0M
Cash and savings togetherLn 1–2$3.0M
Accounts receivableLn 4$5K
Land, buildings, equipmentLn 10c$223K
Other assetsLn 15$1.3M
Total assetsLn 16$4.5M
LiabilitiesLn 26$6.6M
Net assetsLn 32−$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6250
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.8M$3.0M
Land, buildings, equipmentLn 10c$28K$223K
Total assetsLn 16$4.1M$4.5M
LiabilitiesLn 26$6.5M$6.6M
Net assetsLn 32−$2.4M−$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$336K$168K$168K
Other salaries and wagesLn 7$2.4M$1.8M$580K
Pension plan contributionsLn 8$439K$326K$113K
Other employee benefitsLn 9$256K$195K$61K
Payroll taxesLn 10$35K$25K$10K
Legal feesLn 11b$183$183
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$1.0M$302K$703K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$229K$82K$147K
Information technologyLn 14$7K$5K$2K
OccupancyLn 16$133K$9K$123K
TravelLn 17$76K$50K$27K
Depreciation, depletion and amortizationLn 22$7K$7K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$4.9M$3.0M$1.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $6.2M$8.8M−$2.6M−$5.0M 990 PDF
FY2024Filed with the IRS May 13, 2025 $5.7M$5.6M$98K−$2.3M 990 PDF
FY2023 ViewingFiled with the IRS May 15, 2024 $5.3M$4.9M$339K−$2.0M 990 PDF
FY2022Filed with the IRS May 15, 2023 $4.9M$4.7M$155K−$2.4M 990 PDF
FY2021Filed with the IRS May 16, 2022 $4.4M$4.0M$447K−$4.0M 990 PDF
FY2020Filed with the IRS Mar 9, 2021 $4.4M$4.0M$409K−$5.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,254,152 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,819,854$5,167,361
I-9 Program service revenuePrior year $72,223$85,106
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,492$1,685
I-12 Total revenuePrior year $4,894,569$5,254,152
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,166,272$3,449,872
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,573,047$1,465,422
I-18 Total expensesPrior year $4,739,319$4,915,294
I-19 Revenue less expensesPrior year $155,250$338,858
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,254,152 across 7 lines filed
VIII-1d Related organizations$52,585
VIII-1e Government grants$4,947,888
VIII-1f All other contributions, gifts and grants$166,888
VIII-1h Total contributions, gifts and grants$5,167,361
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,106$85,106
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,685$1,685
VIII-12 Total revenueRelated to mission $86,791 · Unrelated business $0 · Excluded from tax $0$5,254,152
Part IX · Statement of functional expenses $4,915,294 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $168,158 · Management $168,158$336,316
IX-7 Other salaries and wagesPrograms $1,802,944 · Management $580,475$2,383,419
IX-8 Pension plan contributionsPrograms $325,535 · Management $113,376$438,911
IX-9 Other employee benefitsPrograms $194,860 · Management $61,086$255,946
IX-10 Payroll taxesPrograms $25,315 · Management $9,965$35,280
IX-11b Legal feesManagement $183$183
IX-11c Accounting feesManagement $4,510$4,510
IX-11g Other fees for servicesPrograms $301,570 · Management $703,299$1,004,869
IX-12 Advertising and promotionManagement $1,100$1,100
IX-13 Office expensesPrograms $82,372 · Management $146,712$229,084
IX-14 Information technologyPrograms $5,408 · Management $1,991$7,399
IX-16 OccupancyPrograms $9,282 · Management $123,348$132,630
IX-17 TravelPrograms $49,511 · Management $26,549$76,060
IX-22 Depreciation, depletion and amortizationManagement $7,173$7,173
IX-24 Other expenses (24a–d)Programs $2,414$2,414
IX-25 Total functional expensesPrograms $2,967,369 · Management $1,947,925 · Fundraising $0$4,915,294
Part X · Balance sheet $4,516,904 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,775,783$2,988,314
X-4 Accounts receivableStart of year $4,357$5,265
X-10c Land, buildings and equipment, netStart of year $27,527$222,631
X-15 Other assetsStart of year $1,230,452$1,300,694
X-16 Total assetsStart of year $4,087,455$4,516,904
X-17 Accounts payable and accrued expensesStart of year $213,173$233,522
X-25 Other liabilitiesStart of year $6,238,076$6,330,544
X-26 Total liabilitiesStart of year $6,451,249$6,564,066
X-29 Capital stock or trust principalStart of year −$3,631,967−$3,788,767
X-30 Paid-in or capital surplusStart of year $1,268,173$1,741,605
X-31 Retained earnings or endowmentStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$2,363,794−$2,047,162
X-33 Total liabilities and net assetsStart of year $4,087,455$4,516,904
Part XI · Reconciliation of net assets −$2,047,162 net assets at year end
XI-1 Total revenue$5,254,152
XI-2 Total expenses$4,915,294
XI-3 Revenue less expenses$338,858
XI-4 Net assets at start of year−$2,363,794
XI-9 Other changes in net assets−$22,226
XI-10 Net assets at end of year−$2,047,162

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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