Summit Academy Oic

Organization Overview

Summit Academy Oic is located in Minneapolis, MN. The organization was established in 1967. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Summit Academy Oic employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Academy Oic 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 06/2022, Summit Academy Oic generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $15.5m during the year ending 06/2022. While expenses have increased by 11.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HELP INDIVIDUALS DEVELOP THEIR EARNING POTENTIAL AND BECOME CONTRIBUTING CITIZENS IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUMMIT ACADEMY OIC IS A NON-PROFIT VOCATIONAL TRAINING AND EDUCATIONAL CENTER BASED IN NORTH MINNEAPOLIS WITH 50 YEARS' EXPERIENCE HELPING TWIN CITIES' RESIDENTS IN ECONOMICALLY DEPRESSED NEIGHBORHOODS ACQUIRE THE TOOLS THEY NEED TO BECOME EDUCATED, EMPLOYED, AND SELF-SUPPORTING. SUMMIT ACADEMY IS THE ONLY COMMUNITY-BASED VOCATIONAL TRAINING AND JOB-PLACEMENT PROGRAM IN NORTH MINNEAPOLIS ACCREDITED BY THE COUNCIL ON OCCUPATIONAL EDUCATION AND REGISTERED WITH THE MINNESOTA HIGHER EDUCATION SERVICES OFFICE.AT SUMMIT ACADEMY OIC, WE BELIEVE THE BEST SOCIAL SERVICE PROGRAM IN THE WORLD IS A JOB. GRADUATES FROM OUR ADULT EDUCATION PROGRAMS ARE GIVEN THE OPPORTUNITY TO LIFT THEMSELVES UP FROM A LIFE OF POVERTY AND HOPELESSNESS ONTO A PATH THAT WILL LEAD TO A BETTER LIFE FOR THEMSELVES AND THEIR FAMILIES. WHERE BEFORE, THESE MEN AND WOMEN WERE LIMITED BY CHRONIC UNEMPLOYMENT, A COMPLETE LACK OF RESOURCES, AND IN MANY CASES, A LACK OF FAITH IN THEMSELVES, THEY NOW HAVE THE CHANCE TO FUNDAMENTALLY CHANGE THEIR CIRCUMSTANCES BY INCREASING THEIR INCOME AND THEIR QUALITY OF LIFE. WHEN ADULTS WORK FULL-TIME LIVING-WAGE JOBS, THEY BECOME ROLE MODELS TO YOUNG ADULTS AND CHILDREN, FAMILIES BECOME MORE STABLE, AND THE CYCLE THAT HAS KEPT THEIR COMMUNITIES POOR AND CRIME-RIDDEN IS BROKEN. THESE POSITIVE CHANGES CONTINUE TO RIPPLE OUT EVEN FURTHER INTO THE LARGER COMMUNITY AS FEWER SOCIAL SERVICES AND INCARCERATION COSTS ARE INCURRED AND GRADUATES BEGIN TO PAY TAXES. AFTER RECEIVING TRAINING IN COMMUNITY HEALTHCARE, ENERGY EFFICIENCY AND GREEN CONSTRUCTION, THESE GRADUATES HAVE GONE ON TO WORK IN JOBS THAT DIRECTLY IMPROVE MINNESOTA'S INFRASTRUCTURE.SUMMIT ACADEMY OFFERS ADULT EDUCATION AND SUPPORT SERVICES THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITIES WE SERVE. OUR CAREER AND TECHNOLOGY CENTER PROVIDES PRE-APPRENTICE TRAINING IN CONSTRUCTION (HUNDRED HARD HATS PROGRAM), WITH SPECIFIC TRACKS IN CARPENTRY AND ELECTRICAL WORK. THE CTC ALSO OFFERS PROGRAMS IN MEDICAL ADMINISTRATIVE ASSISTANT AND SINCE FISCAL 2019 WE HAVE INTRODUCED TRAINING IN IT CAREERS INCLUDING HELP DESK SUPPORT, NETWORK OPERATIONS CENTER, APPLICATION DEVELOPMENT AND CYBER SECURITY. IN ADDITION TO THE POST SECONDARY OFFERINGS SUMMIT OFFERS A CONTEXTUALIZED GED PROGRAM THAT PROVIDES INDIVIDUALS WITHOUT A HIGH SCHOOL DIPLOMA THE OPPORTUNITY TO EARN A GED IN CONJUNCTION WITH ATTAINTING AN ADVANCED CERTIFICATE IN THE AFOREMENTIONED CARRERS. ALL CAREER TRACKS ARE ALL SUPPORTED WITH SERVICES THAT DEVELOP STUDENTS' LIFE SKILLS AND ASSIST IN JOB SEEKING, PLACEMENT, AND RETENTION.SUMMIT SERVES THE AREA YOUTH FROM PRE-SCHOOL THROUGH HIGH SCHOOL WITH STEM PROGRAMMING. SUMMIT HOLDS A MONTHLY STEM ACTIVITY KNOWN AS "STEM SATURDAY'S' WHERE AGE APPROPRIATE STEM ACTIVITIES ARE LEAD BY STAFF AND VOLUNTEERS. THE STEM SATURDAYS CULMINATE WITH AN ANNUAL "STEM FEST' WHICH IS A DAY LONG FESTIVAL OF STEM RELATED TOPICS, GAMES, EXPERIMENTS AND SUCH, ALL INTENDED TO STIMULATE CURIOSITY AND INTEREST IN STEM CAREERS. IN FISCAL 2022, SUMMIT SERVED 1607 YOUTH WITH THE HELP OF 73 VOLUNTEERS. IN THIS FISCAL YEAR (JULY 1, 2021- JUNE 30, 2022), SUMMIT'S CAREER AND TECHNOLOGY CENTER SERVED 909 ADULT STUDENTS, AND 559 OBTAINED THEIR GED OR GRADUATED WITH A VOCATIONAL TRAINING CERTIFICATE OF COMPLETION. OVER THAT TIME SUMMIT PLACED 420 ADULTS IN EMPLOYMENT, COMPARED TO 208 IN THE PREVIOUS PERIOD. JOB EARNINGS FOR ALL PROGRAMS ARE AT AN AVERAGE OF $20.08 PER HOUR.


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Board, Officers & Key Employees

Name (title)Compensation
Louis J King II
CEO
$516,036
Marc L Carrier
CFO
$268,690
Leroy West
President
$256,903
Miriam Williams
Cao
$248,858
Anne-Marie Kuiper
Director Strategic Planning
$170,172
Anthony O'brien
Director Of Academic Programming
$153,143

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Media Bridge
Consolidated Marketing Svcs
$175,569
Atomic Data Llc
Data Monitoring And Network Support
$151,460
Bwf
Fundraising Consulting
$148,213
Hope United Cdc
Outreach/community Bldg - 21 Days Of Pea
$337,760
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$241,630
Membership dues$0
Fundraising events$660,449
Related organizations$0
Government grants $5,063,899
All other contributions, gifts, grants, and similar amounts not included above$6,151,999
Noncash contributions included in lines 1a–1f $343,715
Total Revenue from Contributions, Gifts, Grants & Similar$12,117,977
Total Program Service Revenue$4,579,100
Investment income $6,243
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$82,215
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$76,131
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,544,974

Grants Recieved

Over the last fiscal year, we have identified 50 grants that Summit Academy Oic has recieved totaling $3,806,132.

Awarding OrganizationAmount
James M Stanton Foundation

Bloomington, MN

PURPOSE: GENERAL PURPOSE

$600,000
Prospect Creek Foundation

Wayzata, MN

PURPOSE: OPERATIONAL

$380,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$272,300
Greater Twin Cities United Way

Minneapolis, MN

PURPOSE: PROGRAM COSTS

$241,630
Otto Bremer Trust

St Paul, MN

PURPOSE: GENERAL OPERATIONS

$200,000
Northwest Area Foundation

St Paul, MN

PURPOSE: CREATING A COMMUNITY OF WORKERS

$200,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,600,723
Earnings-$237,437
Ending Balance$1,363,286

Peer Organizations

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