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Nonprofiteer
← SUMMIT EDUCATIONAL ASSOCIATION INC

Form 990 for tax year 2023

Filed by SUMMIT EDUCATIONAL ASSOCIATION INC.

Totals

Total revenue
$425,445
Total expenses
$585,091
Contributions and grants received
$295,125
Grants paid
$0
Program service revenue
$29,669
Investment income
$478
Other revenue
$100,173
Total assets, end of year
$484,016
Total liabilities, end of year
$47,923
Net assets or fund balances, end of year
$436,093
Program services expenses (Part IX)
$526,667
Management and general expenses
$32,293
Fundraising expenses
$26,131
Program service expenses (Part III)
$526,667

Program services were 90.0% 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.

  • 1f · All other contributions, gifts and grants

    $295,125

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $29,669 · related or exempt $29,669

  • 3 · Investment income

    total $478 · excluded $478

  • 8a · Fundraising events: gross income

    $116,290

  • 8b · Fundraising events: direct expenses

    $19,117

  • 8c · Net income from fundraising events

    total $97,173 · excluded $97,173

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,000 · related or exempt $3,000

  • 11e · Other revenue, total

    $3,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $55,000 · program services $49,500 · management and general $2,750 · fundraising $2,750

  • 7 · Other salaries and wages

    total $251,008 · program services $225,908 · management and general $12,550 · fundraising $12,550

  • 10 · Payroll taxes

    total $24,487 · program services $22,039 · management and general $1,224 · fundraising $1,224

  • 11g · Fees: other

    total $9,907 · management and general $9,907

  • 13 · Office expenses

    total $12,154 · program services $9,260 · management and general $770 · fundraising $2,124

  • 14 · Information technology

    total $1,222 · program services $917 · management and general $122 · fundraising $183

  • 16 · Occupancy

    total $34,200 · program services $30,780 · management and general $1,710 · fundraising $1,710

  • 17 · Travel

    total $2,611 · program services $2,611

  • 19 · Conferences, conventions and meetings

    total $42,274 · program services $40,160 · fundraising $2,114

  • 22 · Depreciation, depletion and amortization

    total $8,360 · program services $7,524 · management and general $418 · fundraising $418

  • 23 · Insurance

    total $18,414 · program services $17,493 · management and general $921

  • 24a · Other expenses: FIELD TRIPS

    total $45,306 · program services $45,306

  • 24b · Other expenses: PROGRAM EXPENSE

    total $31,367 · program services $31,367

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $22,748 · program services $22,748

  • 24d · Other expenses: MAINTENANCE

    total $20,119 · program services $18,107 · management and general $1,006 · fundraising $1,006

  • 24e · All other expenses

    total $5,914 · program services $2,947 · management and general $915 · fundraising $2,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $576,066 · end of year $429,687

  • 2 · Savings and temporary cash investments

    beginning of year $2,556 · end of year $1,443

  • 4 · Accounts receivable

    beginning of year $4,473 · end of year $1,505

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,253 · end of year $3,250

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

    $36,278

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

    $25,817

  • 10c · Land, buildings and equipment, net

    beginning of year $17,311 · end of year $10,461

  • 15 · Other assets

    beginning of year $69,875 · end of year $37,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,938 · end of year $19,164

  • 25 · Other liabilities

    beginning of year $62,857 · end of year $28,759

  • 27 · Net assets without donor restrictions

    beginning of year $595,739 · end of year $436,093

Mission and programs · 2023

Mission

SUMMIT FOSTERS RELATIONSHIPS BETWEEN DEDICATED MENTORS, PARENTS AND THEIR CHILDREN TO ENCOURAGE CHILDREN'S INTELLECTUAL, CULTURAL AND MORAL GROWTH.

  • SERVED OVER 250 STUDENTS OF LOW-INCOME HOUSEHOLDS. ON AVERAGE, STUDENTS INCREASED THEIR GRADE LEVEL EQUIVALENCY BY MORE THAN 1.5 YEARS EACH YEAR THEY PARTICIPATED IN SUMMIT, INCLUDING THE SUMMER.PARENT SURVEYS SHOW THAT OVER 85% OF STUDENTS ARE SHOWING NOTICEABLE IMPROVEMENT IN THEIR ATTITUDE AND EFFORT AT SCHOOL.PARENT SURVEYS SHOW THAT OVER 80% OF STUDENTS ARE SHOWING NOTICEABLE IMPROVEMENT IN THEIR RESPECT, BEHAVIOR AND SPIRIT OF SERVICE AT HOME.STUDENTS IN SUMMER PROGRAM READ AND SUCCESSFULLY COMPLETED ORAL REPORTS AND QUIZZES ON OVER 150,000 PAGES OF LITERATURE.

    Expenses $526,667 · Revenue $32,669

As filed on the 2023 return.

Listed in Part VII

  • Lloyd Frick

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Brian Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Jensen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert Boehler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kevin Carr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hector Colon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert A Gunderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Mehring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Meier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenneth W Presberg MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melinda Randa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Regner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ed Scherr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Smyczek

    EXECUTIVE DIRECTOR

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Paul Smyczek

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349309863

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