philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Foothills Educational Foundation FY2023 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 2000Education EIN 86-1012694Revenue $4.6M in FY2023

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
85¢ of each $1 spent went to programs.
$150K 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
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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
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
1 mo
of spending, in cash
Fine: 1.4 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
$6.8M
165% of total assets
Concern: liabilities are 165% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
+8% vs prior year
Spent
$4.9M
To programs
85%
Net assets
−$2.7M
By yearFY2020–FY2025
Revenue
$4.6M
FY2023▲ +8%
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
$4.9M
FY2023▲ +9%
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
−$2.7M
FY2023▼ -14%
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 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 (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

85 cents of each dollar spent went to programs.

Program services 85% · $4.2M Management & general 15% · $718K Fundraising 0% · $11K

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

Something off? Claim to add context

Who runs it and what they're paid

17 people listed on the 990; $150K 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
Stephanie Nardi
Head of School
$150,000Pt VII · Sec A
Randi Garcia
Vice Chair
$0Pt VII · Sec A
Julia Beito
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Crown
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Foothills Educational Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Foothills Educational Foundation

Tap to ask. Foothills Educational Foundation sees how many people are interested.

Your first name shows with your question. Foothills Educational Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $4.2M · in their own filed words · FY2022
01

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

$4.2Mprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.6M
Ln 12
Fees for servicesLn 2g$3.8M
Gifts and grantsLn 1h$760K
Other incomeLn 4–11$6K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.2M
Managementcol C$718K
Fundraisingcol D$11K
Owns and owesPt X
−$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$566K
Total assetsLn 16$4.1M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$760K
Government grantsLn 1e$453K
Noncash giftsLn 1g$4K
Fundraising eventsLn 1c$207K
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$610
Other incomeLn 4–11$6K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$466K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$566K
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$4.1M
LiabilitiesLn 26$6.8M
Net assetsLn 32−$2.7M
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 FY23End FY23
Cash and savingsLn 1–2$845K$566K
Land, buildings, equipmentLn 10c$3.6M$3.5M
Total assetsLn 16$4.5M$4.1M
LiabilitiesLn 26$6.9M$6.8M
Net assetsLn 32−$2.4M−$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$154K$31K$123K
Other salaries and wagesLn 7$2.7M$2.4M$319K
Pension plan contributionsLn 8$80K$65K$15K
Other employee benefitsLn 9$447K$389K$58K
Payroll taxesLn 10$213K$180K$33K
Legal feesLn 11b$90$90
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$49K$44K$5K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$47K$43K$4K
Information technologyLn 14$2K$2K$231
OccupancyLn 16$430K$399K$31K
Conferences, conventions and meetingsLn 19$19K$14K$5K
InterestLn 20$315K$277K$38K
Depreciation, depletion and amortizationLn 22$145K$132K$14K
InsuranceLn 23$45K$40K$5K
Other expenses (24a–d)Ln 24$209K$190K$9K$11K
Total functional expensesLn 25$4.9M$4.2M$718K$11K

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 Viewing $4.6M$4.9M−$325K−$2.7M 990 PDF
FY2022 $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

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,592,514 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $509,464$760,125
I-9 Program service revenuePrior year $3,740,168$3,826,052
I-10 Investment incomePrior year $515$610
I-11 Other revenuePrior year $761$5,727
I-12 Total revenuePrior year $4,250,908$4,592,514
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 $3,246,426$3,595,135
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,265,280$1,322,645
I-18 Total expensesPrior year $4,511,706$4,917,780
I-19 Revenue less expensesPrior year −$260,798−$325,266
Part VI · Governance 14 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
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 $4,592,514 across 9 lines filed
VIII-1c Fundraising events$207,375
VIII-1e Government grants$452,929
VIII-1f All other contributions, gifts and grants$99,821
VIII-1g Noncash contributions (included above)$3,688
VIII-1h Total contributions, gifts and grants$760,125
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,826,052$3,826,052
VIII-3 Investment incomeExcluded from tax $610$610
VIII-8 Net income from fundraising eventsExcluded from tax $5,727$5,727
VIII-12 Total revenueRelated to mission $3,826,052 · Unrelated business $0 · Excluded from tax $6,337$4,592,514
Part IX · Statement of functional expenses $4,917,780 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,715 · Management $122,862$153,577
IX-7 Other salaries and wagesPrograms $2,383,359 · Management $319,086$2,702,445
IX-8 Pension plan contributionsPrograms $65,013 · Management $14,792$79,805
IX-9 Other employee benefitsPrograms $388,866 · Management $57,768$446,634
IX-10 Payroll taxesPrograms $179,517 · Management $33,157$212,674
IX-11b Legal feesManagement $90$90
IX-11c Accounting feesManagement $40,437$40,437
IX-11g Other fees for servicesPrograms $43,999 · Management $4,547$48,546
IX-12 Advertising and promotionManagement $20,497$20,497
IX-13 Office expensesPrograms $42,922 · Management $4,435$47,357
IX-14 Information technologyPrograms $2,231 · Management $231$2,462
IX-16 OccupancyPrograms $398,707 · Management $31,269$429,976
IX-19 Conferences, conventions and meetingsPrograms $14,044 · Management $4,736$18,780
IX-20 InterestPrograms $277,165 · Management $37,773$314,938
IX-22 Depreciation, depletion and amortizationPrograms $131,880 · Management $13,526$145,406
IX-23 InsurancePrograms $40,471 · Management $4,578$45,049
IX-24 Other expenses (24a–d)Programs $189,619 · Management $8,512 · Fundraising $10,976$209,107
IX-25 Total functional expensesPrograms $4,188,508 · Management $718,296 · Fundraising $10,976$4,917,780
Part X · Balance sheet $4,128,344 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $500$466,358
X-2 Savings and temporary cash investmentsStart of year $844,079$100,002
X-4 Accounts receivableStart of year $78,436$58,742
X-9 Prepaid expenses and deferred chargesStart of year $30,899$33,697
X-10c Land, buildings and equipment, netStart of year $3,565,991$3,469,545
X-16 Total assetsStart of year $4,519,905$4,128,344
X-17 Accounts payable and accrued expensesStart of year $119,633$110,847
X-19 Deferred revenueStart of year $283,681$347,700
X-20 Tax-exempt bond liabilitiesStart of year $6,488,325$6,366,797
X-26 Total liabilitiesStart of year $6,891,639$6,825,344
X-27 Net assets without donor restrictionsStart of year −$2,374,827−$2,703,913
X-28 Net assets with donor restrictionsStart of year $3,093$6,913
X-32 Total net assets or fund balancesStart of year −$2,371,734−$2,697,000
X-33 Total liabilities and net assetsStart of year $4,519,905$4,128,344
Part XI · Reconciliation of net assets −$2,697,000 net assets at year end
XI-1 Total revenue$4,592,514
XI-2 Total expenses$4,917,780
XI-3 Revenue less expenses−$325,266
XI-4 Net assets at start of year−$2,371,734
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,697,000

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.

Your org? Add context

Made it to the end? Claim this org

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.