Summit Public Schools
- Assets
- $48.5m
- Revenue
- $55.5m
- Investments
- $1.1m
- Employees
- 513
- Location
- Redwood City, CA
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 26-2034843
Organization Overview
Summit Public Schools is located in Redwood City, CA. The organization was established in 2009. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Summit Public Schools employed 513 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Public Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Summit Public Schools generated $55.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $56.7m during the year ending 06/2021. While expenses have increased by 8.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES COLLEGE PREPARATORY CALIFORNIA CHARTER SCHOOLS, AND PROGRAMS TO DEVELOP TEACHERS AND SCHOOL LEADERS TO ADDRESS THE CONTINUALLY EVOLVING NEEDS OF THE EDUCATIONAL ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOLS PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2021, SUMMIT PUBLIC SCHOOLS OPERATED 7 CHARTER SCHOOLS AND SERVED APPROXIMATELY 3,500 STUDENTS, AND TEACHER AND LEADER TRAINING PROGRAMS TO RESPOND TO THE DIVERSE NEEDS OF COMMUNITIES IN THE CONTEXT OF CONTINUOUSLY EVOLVING EDUCATIONAL ECO-SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Tavenner CEO | Officer | 40 | $460,398 |
Joyce Montgomery CFO | Officer | 40 | $274,357 |
Adam Carter Chief Academic Officer | 40 | $247,759 | |
Joshua Lotstein Chief Operating Officer | 40 | $217,055 | |
Mira Browne Chief External Officer | 40 | $216,613 | |
Caitlyn Herman Chief Academic Officer | 40 | $176,964 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beacon School Special Education Services | 6/29/21 | $179,722 |
Adriana San Millan School Psychology & S Special Education Services | 6/29/21 | $522,402 |
Swan Cleaning Solutions Cleaning Service | 6/29/21 | $253,430 |
Larson Communications Communications And Public Relations Serv | 6/29/21 | $218,297 |
Edtheory Staffing Services Llc Teacher Placement And Temp Agency | 6/29/21 | $211,461 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,414,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,613,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,028,265 |
| Total Program Service Revenue | $2,122,861 |
| Investment income | $22,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,546,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $888,449 |
| Compensation of current officers, directors, key employees. | $252,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,617,144 |
| Pension plan accruals and contributions | $4,389,166 |
| Other employee benefits | $2,925,948 |
| Payroll taxes | $539,208 |
| Fees for services: Management | $332,242 |
| Fees for services: Legal | $941,029 |
| Fees for services: Accounting | $82,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,780,024 |
| Advertising and promotion | $0 |
| Office expenses | $137,324 |
| Information technology | $287,181 |
| Royalties | $0 |
| Occupancy | $5,573,473 |
| Travel | $63,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $548,157 |
| Insurance | $456,011 |
| All other expenses | $592,550 |
| Total functional expenses | $56,658,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $922,242 |
| Savings and temporary cash investments | $29,316,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,710,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $911,818 |
| Net Land, buildings, and equipment | $3,617,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,052,090 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,530,707 |
| Accounts payable and accrued expenses | $2,078,780 |
| Grants payable | $0 |
| Deferred revenue | $4,362,142 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,830,785 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,232,327 |
| Total liabilities | $16,504,034 |
| Net assets without donor restrictions | $30,974,583 |
| Net assets with donor restrictions | $1,052,090 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,530,707 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Summit Public Schools has recieved totaling $5,112,923.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $3,137,180 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $575,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $500,000 |
Charles And Helen Schwab Foundation San Francisco, CA PURPOSE: K-12 EDUCATION | $200,000 |
Charles And Helen Schwab Foundation San Francisco, CA PURPOSE: K-12 EDUCATION | $200,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $125,231 |
Endowment Analysis
| Beg. Balance | $905,747 |
| Earnings | $296,343 |
| Other Expense | $150,000 |
| Ending Balance | $1,052,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Bay Area Schools Oakland, CA | $172,487,625 | $112,257,587 |
Somerset Academy Of Las Vegas Las Vegas, NV | $192,795,065 | $79,621,443 |
High Tech High San Diego, CA | $58,788,634 | $76,672,129 |
Menlo School Atherton, CA | $320,152,000 | $64,317,000 |
Oaks Christian School Westlake Village, CA | $150,419,760 | $62,594,014 |
Summit Public Schools Redwood City, CA | $48,530,707 | $55,546,203 |
El Camino Real Alliance Woodland Hills, CA | $34,397,207 | $53,776,806 |
Milken Community Schools Los Angeles, CA | $80,759,256 | $40,537,524 |
Windward School Los Angeles, CA | $106,329,646 | $41,804,232 |
Orange County School Of The Arts Santa Ana, CA | $14,647,557 | $49,463,330 |
Inner City Education Foundation Los Angeles, CA | $33,345,924 | $41,820,831 |
Crystal Springs Uplands School Hillsborough, CA | $136,020,158 | $40,020,241 |