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Nonprofiteer
← SUMMIT PUBLIC SCHOOLS

Form 990 for tax year 2022

Filed by SUMMIT PUBLIC SCHOOLS.

Totals

Total revenue
$62,505,480
Total expenses
$67,560,018
Contributions and grants received
$58,103,993
Grants paid
$0
Program service revenue
$2,407,580
Investment income
$981,509
Other revenue
$1,012,398
Total assets, end of year
$76,020,327
Total liabilities, end of year
$47,747,614
Net assets or fund balances, end of year
$28,272,713
Program services expenses (Part IX)
$61,919,963
Management and general expenses
$5,304,441
Fundraising expenses
$335,614
Program service expenses (Part III)
$61,919,963

Program services were 91.7% 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)

    $52,976,218

  • 1f · All other contributions, gifts and grants

    $5,127,775

  • 2a · Program service revenue: SERVICE FEES

    total $2,345,525 · related or exempt $2,345,525

  • 2b · Program service revenue: FIELD TRIP REVENUE

    total $62,055 · related or exempt $62,055

  • 3 · Investment income

    total $981,509 · excluded $981,509

  • 11a · Other revenue: ADJUSTMENTS

    total $994,447 · excluded $994,447

  • 11b · Other revenue: OTHER

    total $17,951 · excluded $17,951

  • 11e · Other revenue, total

    $1,012,398

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $838,834 · program services $610,877 · management and general $222,155 · fundraising $5,802

  • 7 · Other salaries and wages

    total $30,825,648 · program services $27,856,343 · management and general $2,705,675 · fundraising $263,630

  • 8 · Pension plan contributions

    total $4,911,111 · program services $4,592,536 · management and general $292,638 · fundraising $25,937

  • 9 · Other employee benefits

    total $3,025,358 · program services $2,771,886 · management and general $237,734 · fundraising $15,738

  • 10 · Payroll taxes

    total $553,640 · program services $503,201 · management and general $46,106 · fundraising $4,333

  • 11a · Fees: management

    total $363,776 · program services $45,666 · management and general $318,110

  • 11b · Fees: legal

    total $467,865 · management and general $467,865

  • 11c · Fees: accounting

    total $100,456 · management and general $100,456

  • 11g · Fees: other

    total $11,545,179 · program services $10,981,065 · management and general $559,151 · fundraising $4,963

  • 13 · Office expenses

    total $267,830 · program services $262,767 · management and general $4,846 · fundraising $217

  • 14 · Information technology

    total $132,611 · program services $132,611

  • 16 · Occupancy

    total $4,383,148 · program services $4,383,148

  • 17 · Travel

    total $244,675 · program services $180,375 · management and general $53,944 · fundraising $10,356

  • 22 · Depreciation, depletion and amortization

    total $2,814,976 · program services $2,814,976

  • 23 · Insurance

    total $486,185 · program services $355,481 · management and general $130,704

  • 24a · Other expenses: OTHER EXPENSES

    total $4,592,975 · program services $4,558,034 · management and general $32,360 · fundraising $2,581

  • 24b · Other expenses: INSTRUCTIONAL MATERIALS

    total $2,005,751 · program services $1,870,997 · management and general $132,697 · fundraising $2,057

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,535,861

  • 2 · Savings and temporary cash investments

    beginning of year $26,059,357 · end of year $30,669,833

  • 4 · Accounts receivable

    beginning of year $11,006,900 · end of year $8,597,691

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,322,192 · end of year $740,923

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

    $7,033,241

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

    $5,750,880

  • 10c · Land, buildings and equipment, net

    beginning of year $4,090,336 · end of year $1,282,361

  • 12 · Investments: other securities

    beginning of year $955,390 · end of year $1,050,919

  • 15 · Other assets

    beginning of year $0 · end of year $32,142,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,993,863 · end of year $4,147,215

  • 19 · Deferred revenue

    beginning of year $4,377,589 · end of year $8,696,668

  • 25 · Other liabilities

    beginning of year $3,275,211 · end of year $34,903,731

  • 27 · Net assets without donor restrictions

    beginning of year $32,019,041 · end of year $27,611,875

  • 28 · Net assets with donor restrictions

    beginning of year $768,471 · end of year $660,838

Mission and programs · 2022

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, 2023, SUMMIT PUBLIC SCHOOLS OPERATED 7 CHARTER SCHOOLS AND SERVED APPROXIMATELY 2,895 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 $61,919,963 · Revenue $2,407,580

As filed on the 2022 return.

Listed in Part VII

  • DIEGO ARAMBULA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JIMMY ZUNIGA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVEN HUMPHREYS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW THOMPSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LIZZIE CHOI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT OSTER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANE TAVENNER

    CEO

    Total calculated
    $574,008
    From this org
    $469,007
    From related orgs
    $0
    Other
    $105,001
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $468,647
    Bonus
    $0
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $105,001
    Filer's total
    $574,008

  • EDWARD LEE

    CFO

    Total calculated
    $254,015
    From this org
    $228,468
    From related orgs
    $0
    Other
    $25,547
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $228,108
    Bonus
    $0
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $25,547
    Filer's total
    $254,015

  • CHRISTINE KELLY GARCIA

    CHIEF OF SCHOOLS

    Total calculated
    $287,251
    From this org
    $230,188
    From related orgs
    $0
    Other
    $57,063
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,828
    Bonus
    $0
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $57,063
    Filer's total
    $287,251

  • CAITLYN HERMAN

    CAO - LEARNING EXPERIENCE

    Total calculated
    $266,179
    From this org
    $211,136
    From related orgs
    $0
    Other
    $55,043
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,776
    Bonus
    $0
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $55,043
    Filer's total
    $266,179

  • FELIX LI

    COO

    Total calculated
    $249,779
    From this org
    $207,400
    From related orgs
    $0
    Other
    $42,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,040
    Bonus
    $0
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $42,379
    Filer's total
    $249,779

  • ADAM CARTER

    CHIEF ACADEMIC OFFICER

    Total calculated
    $247,039
    From this org
    $206,892
    From related orgs
    $0
    Other
    $40,147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,432
    Bonus
    $0
    Other
    $460
    Deferred
    $0
    Nontaxable benefits
    $40,147
    Filer's total
    $247,039

  • NNANNA OGBU

    CHIEF LEGAL OFFICER

    Total calculated
    $226,693
    From this org
    $198,364
    From related orgs
    $0
    Other
    $28,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,004
    Bonus
    $0
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $28,329
    Filer's total
    $226,693

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 · 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
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202410829349300286

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