Summit Learning Charter
Summit Learning Charter reported $12.1 million in revenue and $12.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.14 went to program services, $24.86 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 93.6% of the total. Government grants made up 5.2%. The highest compensation it reported for one person was $237,834 (PRINCPAL). 11 people received more than $100,000 in reportable compensation. Revenue rose 17% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 24.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 93.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $237,834 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.89% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 11 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe charter schools offer a stimulating learning environment to all students offering a hybrid of online classes, paper and pencil classes, and face to face learning opportunities. We specialize in individualizing each child's education through leading curriculum, highly relational teaching, and fantastic support systems. Our early college program offers students a chance to attend local community colleges full time to earn college and high school credit at the same time
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRINCPAL Officer, 40.00 hrs/week | $178,413 | $0 | $59,421 | $237,834 |
| VICE PRINCIPAL Listed in Part VII, 40.00 hrs/week | $155,650 | $0 | $64,147 | $219,797 |
| OFFICE ADMIN. Listed in Part VII, 40.00 hrs/week | $134,414 | $0 | $56,487 | $190,901 |
| DEAN- EARLY COLL Listed in Part VII, 40.00 hrs/week | $120,609 | $0 | $69,419 | $190,028 |
| DEAN OF ELL Listed in Part VII, 40.00 hrs/week | $129,899 | $0 | $54,997 | $184,896 |
| DEAN OF STUDENTS Listed in Part VII, 40.00 hrs/week | $116,768 | $0 | $55,118 | $171,886 |
| DIRECTOR/CFO Officer, 40.00 hrs/week | $96,577 | $0 | $42,448 | $139,025 |
11 people received more than $100,000 in reportable compensation from Summit Learning Charter (Part VII, line 2). Compensation of current officers, directors and key employees totaled $484K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 568
- Volunteers Part I, line 69
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BIZZY BEES CLEANING Janitorial services | $133,011 |
| R SLATER RIDGELINE TECH Technical consulting | $130,151 |
| D RUFFNER LEGACY PARTNER GP Accounting services | $108,017 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Summit Learning Charter totaling $82 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Summit Learning Charter's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Summit Learning Charter, you can publish a response that is linked from this page.
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Of every $100 Summit Learning Charter spent in FY2025, $75.14 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Sheridan SchoolWashington, DC · revenue $12M · programs 84.1% · FY2025
- The Compass School of TexasDallas, TX · revenue $12M · programs 68.1% · FY2025
- Loudoun Country Day SchoolLeesburg, VA · revenue $12M · programs 76.3% · FY2025
- Shorter CollegeNorth Little Rock, AR · revenue $12M · programs 100.0% · FY2025
- Antilles SchoolSt Thomas, VI · revenue $12M · programs 69.7% · FY2025
Questions people ask
How much of Summit Learning Charter's spending goes to programs?
In the fiscal year ending June 30, 2025, Summit Learning Charter reported that 75.1% of its $12.6 million in expenses went to program services, 24.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Summit Learning Charter pay its top executive?
The largest total compensation Summit Learning Charter reported for one person in the fiscal year ending June 30, 2025 was $237,834, for the role of PRINCPAL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Summit Learning Charter get its money?
Of $12.1 million in revenue in the fiscal year ending June 30, 2025, 5.2% came from contributions and grants (including 5.2% from government grants) and 93.6% from program service revenue (Form 990, Part VIII).
Is Summit Learning Charter a registered charity?
The IRS lists EIN 26-2499995 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202543429349301304 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520179349300907 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410319349301826 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320279349300532 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200619349301365 · read the filing
All filings for EIN 26-2499995: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.