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← SUMMIT PUBLIC SCHOOLS

Form 990 for tax year 2024

Filed by SUMMIT PUBLIC SCHOOLS.

Totals

Total revenue
$54,305,037
Total expenses
$56,029,612
Contributions and grants received
$49,680,525
Grants paid
$0
Program service revenue
$2,880,007
Investment income
$1,512,929
Other revenue
$231,576
Total assets, end of year
$64,843,322
Total liabilities, end of year
$24,729,750
Net assets or fund balances, end of year
$40,113,572
Program services expenses (Part IX)
$50,902,601
Management and general expenses
$4,788,170
Fundraising expenses
$338,841
Program service expenses (Part III)
$50,902,601

Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $44,218,906

  • 1f · All other contributions, gifts and grants

    $5,461,619

  • 2a · Program service revenue: SERVICE FEES

    total $2,800,832 · related or exempt $2,800,832

  • 2b · Program service revenue: FIELD TRIP REVENUE

    total $79,175 · related or exempt $79,175

  • 3 · Investment income

    total $1,512,929 · excluded $1,512,929

  • 11a · Other revenue: SETTLEMENT PAYMENT

    total $132,487 · excluded $132,487

  • 11b · Other revenue: CREDITS & WRITE OFFS

    total $86,549 · excluded $86,549

  • 11c · Other revenue: OTHER REVENUE

    total $12,540 · excluded $12,540

  • 11e · Other revenue, total

    $231,576

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $556,663 · program services $485,697 · management and general $65,113 · fundraising $5,853

  • 7 · Other salaries and wages

    total $25,730,564 · program services $22,582,465 · management and general $2,888,422 · fundraising $259,677

  • 8 · Pension plan contributions

    total $4,186,330 · program services $3,833,795 · management and general $326,629 · fundraising $25,906

  • 9 · Other employee benefits

    total $2,802,740 · program services $2,552,973 · management and general $221,450 · fundraising $28,317

  • 10 · Payroll taxes

    total $462,826 · program services $403,322 · management and general $54,615 · fundraising $4,889

  • 11a · Fees: management

    total $331,962 · program services $37,985 · management and general $293,977

  • 11b · Fees: legal

    total $432,886 · program services $27,520 · management and general $405,366

  • 11c · Fees: accounting

    total $117,346 · program services $117,346

  • 11g · Fees: other

    total $8,698,829 · program services $8,501,256 · management and general $197,514 · fundraising $59

  • 13 · Office expenses

    total $197,542 · program services $188,580 · management and general $8,909 · fundraising $53

  • 14 · Information technology

    total $81,610 · program services $81,610

  • 16 · Occupancy

    total $5,657,919 · program services $5,657,919

  • 17 · Travel

    total $240,306 · program services $204,898 · management and general $24,125 · fundraising $11,283

  • 22 · Depreciation, depletion and amortization

    total $664,745 · program services $664,745

  • 23 · Insurance

    total $524,248 · program services $375,581 · management and general $148,667

  • 24a · Other expenses: INSTRUCTIONAL MATERIALS

    total $1,994,928 · program services $1,881,921 · management and general $112,911 · fundraising $96

  • 24b · Other expenses: COMMUNITY PARTNERSHIPS

    total $1,341,497 · program services $1,324,196 · management and general $16,216 · fundraising $1,085

  • 24c · Other expenses: FOOD AND SUPPLIES

    total $866,193 · program services $855,022 · management and general $10,470 · fundraising $701

  • 24d · Other expenses: OTHER EXPENSES

    total $725,408 · program services $716,052 · management and general $8,769 · fundraising $587

  • 24e · All other expenses

    total $415,070 · program services $409,718 · management and general $5,017 · fundraising $335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,257,686 · end of year $2,769,213

  • 2 · Savings and temporary cash investments

    beginning of year $31,688,324 · end of year $29,340,389

  • 4 · Accounts receivable

    beginning of year $9,351,534 · end of year $9,897,726

  • 9 · Prepaid expenses and deferred charges

    beginning of year $722,590 · end of year $597,197

  • 10a · Land, buildings and equipment: cost or other basis

    $7,297,523

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,046,786

  • 10c · Land, buildings and equipment, net

    beginning of year $829,061 · end of year $250,737

  • 12 · Investments: other securities

    beginning of year $1,209,305 · end of year $1,370,216

  • 13 · Investments: program-related

    beginning of year $5,908,434 · end of year $3,626,181

  • 15 · Other assets

    beginning of year $17,497,326 · end of year $16,991,663

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,645,340 · end of year $3,341,332

  • 19 · Deferred revenue

    beginning of year $4,511,356 · end of year $1,924,342

  • 25 · Other liabilities

    beginning of year $19,854,295 · end of year $19,464,076

  • 27 · Net assets without donor restrictions

    beginning of year $40,757,730 · end of year $39,487,651

  • 28 · Net assets with donor restrictions

    beginning of year $695,539 · end of year $625,921

Mission and programs · 2024

Mission

OPERATES COLLEGE PREPARATORY CALIFORNIA CHARTER SCHOOLS, AND PROGRAMS TO DEVELOP TEACHERS AND SCHOOL LEADERS TO ADDRESS THE CONTINUALLY EVOLVING NEEDS OF THE EDUCATIONAL ECOSYSTEM.

Activities or mission (Part I)

SUMMIT PUBLIC SCHOOLS (SPS) IS A NONPROFIT, CALIFORNIA PUBLIC BENEFIT CORPORATION, DESIGNED TO TRAIN, CONSULT AND ADVISE PUBLIC SCHOOL TEACHERS AND ADMINISTRATORS; TO SUPPORT, MANAGE, OPERATE, GUIDE, DIRECT AND PROMOTE PUBLIC CHARTER SCHOOLS (THE SCHOOLS); AND FOR OTHER CHARITABLE EDUCATIONAL PURPOSES AS MAY OCCUR FROM TIME TO TIME. SPS IS ECONOMICALLY DEPENDENT ON STATE AND FEDERAL FUNDING. THE CHARTERS MAY BE REVOKED BY THEIR AUTHORIZERS FOR MATERIAL VIOLATIONS OF THE CHARTER, FAILURE TO MEET PUPIL OUTCOMES IDENTIFIED IN THE CHARTER, FAILURE TO MEET GENERALLY ACCEPTED STANDARDS OF FISCAL MANAGEMENT, OR VIOLATION OF ANY PROVISION OF THE LAW.

  • CHARTER SCHOOLS PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2025, SUMMIT PUBLIC SCHOOLS OPERATED 6 CHARTER SCHOOLS AND SERVED APPROXIMATELY 2,500 STUDENTS, AND TEACHER AND LEADER TRAINING PROGRAMS TO RESPOND TO THE DIVERSE NEEDS OF COMMUNITIES IN THE CONTEXT OF CONTINUOUSLY EVOLVING EDUCATIONAL ECO-SYSTEMS. ALSO PROVIDES SCHOOL SERVICE SUPPORT TO SUMMIT PUBLIC SCHOOLS - WASHINGTON

    Expenses $50,902,601 · Revenue $2,880,007

As filed on the 2024 return.

Listed in Part VII

  • Cady Ching

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $313,167
    From this org
    $279,178
    From related orgs
    $0
    Other
    $33,989
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $279,178
    Bonus
    $0
    Other
    $0
    Deferred
    $18,590
    Nontaxable benefits
    $15,399
    Filer's total
    $313,167
  • Edward Lee

    CFO (LEFT FEB 2025)

    Total calculated
    $313,198
    From this org
    $260,416
    From related orgs
    $0
    Other
    $52,782
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $260,416
    Bonus
    $0
    Other
    $0
    Deferred
    $52,782
    Nontaxable benefits
    $0
    Filer's total
    $313,198
  • Felix Li

    CHIEF OPERATIONS OFFICER

    Total calculated
    $297,163
    From this org
    $215,557
    From related orgs
    $0
    Other
    $81,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,557
    Bonus
    $0
    Other
    $0
    Deferred
    $46,635
    Nontaxable benefits
    $34,971
    Filer's total
    $297,163
  • Caitlyn Herman

    CHIEF ACADEMIC OFFICER

    Total calculated
    $290,301
    From this org
    $238,149
    From related orgs
    $0
    Other
    $52,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,149
    Bonus
    $0
    Other
    $0
    Deferred
    $25,086
    Nontaxable benefits
    $27,066
    Filer's total
    $290,301
  • Nnanna Ogbu

    CHIEF LEGAL OFFICER

    Total calculated
    $282,197
    From this org
    $223,946
    From related orgs
    $0
    Other
    $58,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,946
    Bonus
    $0
    Other
    $0
    Deferred
    $46,554
    Nontaxable benefits
    $11,697
    Filer's total
    $282,197
  • Brett Van Zuiden

    CHIEF INFO OFFICER

    Total calculated
    $264,228
    From this org
    $219,346
    From related orgs
    $0
    Other
    $44,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,346
    Bonus
    $0
    Other
    $0
    Deferred
    $44,882
    Nontaxable benefits
    $0
    Filer's total
    $264,228
  • Sharon Johnson

    SR DIR OF SPECIALIZED LEARNING

    Total calculated
    $278,684
    From this org
    $231,871
    From related orgs
    $0
    Other
    $46,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,871
    Bonus
    $0
    Other
    $0
    Deferred
    $24,577
    Nontaxable benefits
    $22,236
    Filer's total
    $278,684
  • Bryce Fleming

    CFO (JOINED MAY 2025)

    Total calculated
    $0
    Hours/week
    40 + 1 related
  • Diego Arambula

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Choi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michele Hansen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Steven Humphreys

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Oster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrew Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jimmy Zuniga

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
9 April 2026
IRS schema version
2024v5.5
Source object
202601059349301610

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