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Foothills Educational Foundation FY2022 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 2000Education EIN 86-1012694Revenue $4.3M in FY2022

On file with the IRSsummitschoolaz.org4515 E Muirwood Dr, 85048-7683 · Phoenix, AZTax-exempt since Sep 2001School — 170(b)(1)(A)(ii)

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Summit School exists to empower students to reach their full potential by providing an innovative, individualized, and well-rounded education. As an independent, non-profit private school, Summit focuses on nurturing the whole child - academically, socially, and emotionally - in a positive culture and climate that values leadership, community, and lifelong learning. By fostering meaningful relationships, promoting critical thinking, and encouraging global citizenship, Summit School prepares students to thrive in a rapidly changing world and make a lasting impact in their communities.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$161K 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

FY2022 · 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
2 of 6
filings with a surplus
Average deficit $31K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$161K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $12K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.9M
152% of total assets
Concern: liabilities are 152% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
-0.9% vs prior year
Spent
$4.5M
To programs
82%
Net assets
−$2.4M
By yearFY2020–FY2025
Revenue
$4.3M
FY2022▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.3M
FY2021$4.3M
FY2022$4.3M
FY2023$4.6M
FY2024$4.6M
FY2025$4.7M
Expenses
$4.5M
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.7M
FY2021$4.4M
FY2022$4.5M
FY2023$4.9M
FY2024$4.8M
FY2025$4.5M
Net assets
−$2.4M
FY2022▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.0M
FY2021−$2.1M
FY2022−$2.4M
FY2023−$2.7M
FY2024−$2.9M
FY2025−$2.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Sep 2001.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $3.7M Management & general 17% · $777K Fundraising 0% · $18K

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

13 people listed on the 990; $161K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Mark Bistricky
Head of School (2020-21 SC
$87,201Pt VII · Sec A
Stephanie Nardi
Head of School (2021-2022 School Year)
$73,725Pt VII · Sec A
Bill Andrew
Founding Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Crown
Founding Member
$0Pt VII · Sec A
Eric Crown
Founding Member
$0Pt VII · Sec A

Brady Wald’s $72K as Head of School is at the 14th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mark Bistricky———$87,201$181,154$181,154
Stephanie Nardi—$153,000$150,000$73,725——
Brady Wald$71,703—————

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

Programs and updates

Provides private education to students.

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2021
01

Summit School of Ahwatukee provides exceptional opportunities for academic achievement, intellectual growth, artistic fulfillment, physical development, and community responsibility.

$3.7Mprogram 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 · FY2023
American Online Giving Foundation INCFY2023$11K
Andrew Family FoundationFY2023$600
Amazonsmile FoundationFY2023$485
Total grants receivedfrom 3 funders$12K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.3M
Ln 12
Fees for servicesLn 2g$3.7M
Gifts and grantsLn 1h$509K
Other incomeLn 4–11$761
Money outPt IX
$4.5M
Ln 25
Programscol B$3.7M
Managementcol C$777K
Fundraisingcol D$18K
Owns and owesPt X
−$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$845K
Total assetsLn 16$4.5M
LiabilitiesLn 26$6.9M
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$509K
Government grantsLn 1e$189K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$211K
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$515
Other incomeLn 4–11$761
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$500
SavingsLn 2$844K
Cash and savings togetherLn 1–2$845K
Land, buildings, equipmentLn 10c$3.6M
Total assetsLn 16$4.5M
LiabilitiesLn 26$6.9M
Net assetsLn 32−$2.4M
OperationsPt I, VI
EmployeesI 579
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.1M$845K
Land, buildings, equipmentLn 10c$3.7M$3.6M
Total assetsLn 16$5.0M$4.5M
LiabilitiesLn 26$7.1M$6.9M
Net assetsLn 32−$2.1M−$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$151K$30K$120K
Other salaries and wagesLn 7$2.4M$2.1M$344K
Pension plan contributionsLn 8$79K$63K$15K
Other employee benefitsLn 9$399K$302K$96K
Payroll taxesLn 10$190K$156K$34K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$39K$39K
Other fees for servicesLn 11g$66K$60K$6K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$45K$40K$4K
Information technologyLn 14$3K$2K$250
OccupancyLn 16$400K$373K$27K
Conferences, conventions and meetingsLn 19$14K$9K$6K
InterestLn 20$293K$258K$35K
Depreciation, depletion and amortizationLn 22$144K$130K$13K
InsuranceLn 23$42K$38K$5K
Other expenses (24a–d)Ln 24$193K$170K$6K$18K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$4.5M$3.7M$777K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.7M$4.5M$195K−$2.7M 990 PDF
FY2024 $4.6M$4.8M−$220K−$2.9M 990 PDF
FY2023 $4.6M$4.9M−$325K−$2.7M 990 PDF
FY2022 Viewing $4.3M$4.5M−$261K−$2.4M 990 PDF
FY2021 $4.3M$4.4M−$159K−$2.1M 990 PDF
FY2020 $5.3M$4.7M$587K−$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,250,908 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $291,295$509,464
I-9 Program service revenuePrior year $3,892,312$3,740,168
I-10 Investment incomePrior year $949$515
I-11 Other revenuePrior year $105,537$761
I-12 Total revenuePrior year $4,290,093$4,250,908
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 $3,413,716$3,246,426
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,035,765$1,265,280
I-18 Total expensesPrior year $4,449,481$4,511,706
I-19 Revenue less expensesPrior year −$159,388−$260,798
Part VI · Governance 9 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,250,908 across 9 lines filed
VIII-1c Fundraising events$211,052
VIII-1e Government grants$189,421
VIII-1f All other contributions, gifts and grants$108,991
VIII-1g Noncash contributions (included above)$15,887
VIII-1h Total contributions, gifts and grants$509,464
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,740,168$3,740,168
VIII-3 Investment incomeExcluded from tax $515$515
VIII-8 Net income from fundraising eventsExcluded from tax $761$761
VIII-12 Total revenueRelated to mission $3,740,168 · Unrelated business $0 · Excluded from tax $1,276$4,250,908
Part IX · Statement of functional expenses $4,511,706 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,115 · Management $120,462$150,577
IX-7 Other salaries and wagesPrograms $2,085,650 · Management $343,624$2,429,274
IX-8 Pension plan contributionsPrograms $63,086 · Management $15,438$78,524
IX-9 Other employee benefitsPrograms $302,495 · Management $96,046$398,541
IX-10 Payroll taxesPrograms $155,523 · Management $33,987$189,510
IX-11b Legal feesManagement $1,910$1,910
IX-11c Accounting feesManagement $38,913$38,913
IX-11g Other fees for servicesPrograms $59,550 · Management $6,154$65,704
IX-12 Advertising and promotionManagement $22,162$22,162
IX-13 Office expensesPrograms $40,360 · Management $4,170$44,530
IX-14 Information technologyPrograms $2,421 · Management $250$2,671
IX-16 OccupancyPrograms $372,949 · Management $26,652$399,601
IX-19 Conferences, conventions and meetingsPrograms $8,773 · Management $5,716$14,489
IX-20 InterestPrograms $258,078 · Management $35,157$293,235
IX-22 Depreciation, depletion and amortizationPrograms $130,397 · Management $13,373$143,770
IX-23 InsurancePrograms $37,571 · Management $4,509$42,080
IX-24 Other expenses (24a–d)Programs $169,747 · Management $5,848 · Fundraising $17,732$193,327
IX-24e All other expensesManagement $2,888$2,888
IX-25 Total functional expensesPrograms $3,716,715 · Management $777,259 · Fundraising $17,732$4,511,706
Part X · Balance sheet $4,519,905 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $500$500
X-2 Savings and temporary cash investmentsStart of year $1,112,957$844,079
X-4 Accounts receivableStart of year $105,550$78,436
X-9 Prepaid expenses and deferred chargesStart of year $30,091$30,899
X-10c Land, buildings and equipment, netStart of year $3,707,490$3,565,991
X-16 Total assetsStart of year $4,956,588$4,519,905
X-17 Accounts payable and accrued expensesStart of year $205,425$119,633
X-19 Deferred revenueStart of year $247,423$283,681
X-20 Tax-exempt bond liabilitiesStart of year $6,614,676$6,488,325
X-26 Total liabilitiesStart of year $7,067,524$6,891,639
X-27 Net assets without donor restrictionsStart of year −$2,123,431−$2,374,827
X-28 Net assets with donor restrictionsStart of year $12,495$3,093
X-32 Total net assets or fund balancesStart of year −$2,110,936−$2,371,734
X-33 Total liabilities and net assetsStart of year $4,956,588$4,519,905
Part XI · Reconciliation of net assets −$2,371,734 net assets at year end
XI-1 Total revenue$4,250,908
XI-2 Total expenses$4,511,706
XI-3 Revenue less expenses−$260,798
XI-4 Net assets at start of year−$2,110,936
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,371,734

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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