Summit Educational Association Inc
- Assets
- $673.5k
- Revenue
- $411.0k
- Investments
- $0.0
- Employees
- 29
- Location
- Milwaukee, WI
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 39-1763179
Organization Overview
Summit Educational Association Inc is located in Milwaukee, WI. The organization was established in 1993. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Summit Educational Association Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Educational Association Inc 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 12/2022, Summit Educational Association Inc generated $411.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $438.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUMMIT FOSTERS RELATIONSHIPS BETWEEN DEDICATED MENTORS, PARENTS AND THEIR CHILDREN TO ENCOURAGE CHILDREN'S INTELLECTUAL, CULTURAL AND MORAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Frick Chairman | OfficerTrustee | 1 | $0 |
Brian Brown Secretary | OfficerTrustee | 1 | $0 |
John Jensen Treasurer | OfficerTrustee | 1 | $0 |
Robert Boehler Board Member | Trustee | 1 | $0 |
Kevin Carr Board Member | Trustee | 1 | $0 |
Hector Colon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,402 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,172 |
| Total Program Service Revenue | $19,586 |
| Investment income | $287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,045 |
| 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. | $69,793 |
| Compensation of current officers, directors, key employees. | $3,490 |
| Compensation to disqualified persons | $172,251 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,538 |
| Advertising and promotion | $0 |
| Office expenses | $3,885 |
| Information technology | $216 |
| Royalties | $0 |
| Occupancy | $34,171 |
| Travel | $2,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,670 |
| Insurance | $18,717 |
| All other expenses | $3,033 |
| Total functional expenses | $438,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,066 |
| Savings and temporary cash investments | $2,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,473 |
| 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 | $3,253 |
| Net Land, buildings, and equipment | $17,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,875 |
| Total assets | $673,534 |
| Accounts payable and accrued expenses | $14,938 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,857 |
| Total liabilities | $77,795 |
| Net assets without donor restrictions | $595,739 |
| Net assets with donor restrictions | $0 |
| 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 | $673,534 |