Summit Academy Management
Also known as Saber Educational Services
Summit Academy Management reported $42.5 million in revenue and $47.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.78 went to program services, $12.22 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: 98.6% of the total. The highest compensation it reported for one person was $225,000 (CEO). 5 people received more than $100,000 in reportable compensation. Revenue fell 19% between FY2020 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 $48MFor 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 $42MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.2% | 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 | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $225,000 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.47% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 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 expenseSummit Academy Management provided support for twenty-four charter schools during their 2025 fiscal year pursuant to a management contract. This included human resources, payroll, and other office services. Summit Academy Management was also responsible for purchasing the expenses related to the operation of the charter schools which included, but was not limited to the following: assets, buildings, occupancy needs, and supplies. The organization also provided staff for, and keeps developing a curriculum designed for, the charter schools' student population
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 |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $225,000 | $0 | $0 | $225,000 |
| DIRECTOR OF OPERATIONS Officer, 40.00 hrs/week | $196,056 | $0 | $0 | $196,056 |
| VP OF HR Highest compensated employee, 40.00 hrs/week | $169,876 | $0 | $0 | $169,876 |
| DIRECTOR OF SPECIAL EDUCATION Highest compensated employee, 40.00 hrs/week | $132,093 | $0 | $0 | $132,093 |
| EXECUTIVE DIRECTOR OF CURR Highest compensated employee, 40.00 hrs/week | $113,000 | $0 | $0 | $113,000 |
| BOARD MEMBER Director/trustee, 0.10 hrs/week | $3,300 | $0 | $0 | $3,300 |
| BOARD MEMBER Director/trustee, 0.10 hrs/week | $3,300 | $0 | $0 | $3,300 |
| BOARD MEMBER Director/trustee, 0.10 hrs/week | $3,300 | $0 | $0 | $3,300 |
5 people received more than $100,000 in reportable compensation from Summit Academy Management (Part VII, line 2). Compensation of current officers, directors and key employees totaled $450K (Part IX, line 5).
6 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–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- 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 5514
- Volunteers Part I, line 61
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| DR LORI ELLIOTT EDUCATIONAL CONSULTANT Educational consultant | $276,100 |
| GREEN HOME SOLUTIONS LLC Hvac/plumbing services | $254,326 |
| FMP JR ENTERPRISES Food services | $157,793 |
| FREEDOM 2 GO TRANSPORTATION SERVICE Transportation services | $145,841 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Summit Academy Management'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 Academy Management, you can publish a response that is linked from this page.
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Of every $100 Summit Academy Management spent in FY2025, $87.78 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Leadership NetworkWest Hollywood, CA · revenue $42M · programs 98.4% · 2024
- Hathaway Brown SchoolShaker Heights, OH · revenue $43M · programs 85.3% · FY2025
- The Accelerated SchoolsLos Angeles, CA · revenue $42M · programs 77.5% · FY2025
- University of Kansas Memorial CorporationLawrence, KS · revenue $43M · programs 97.1% · FY2025
- Palo Alto UniversityPalo Alto, CA · revenue $42M · programs 75.1% · FY2025
Questions people ask
How much of Summit Academy Management's spending goes to programs?
In the fiscal year ending June 30, 2025, Summit Academy Management reported that 87.8% of its $47.5 million in expenses went to program services, 12.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Summit Academy Management pay its top executive?
The largest total compensation Summit Academy Management reported for one person in the fiscal year ending June 30, 2025 was $225,000, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Summit Academy Management get its money?
Of $42.5 million in revenue in the fiscal year ending June 30, 2025, 0.1% came from contributions and grants and 98.6% from program service revenue (Form 990, Part VIII).
Is Summit Academy Management a registered charity?
The IRS lists EIN 34-1938197 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 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 202621359349309667 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349317813 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349301900 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349310601 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349302644 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349304680 · read the filing
All filings for EIN 34-1938197: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.