Summit Academy Oic
Summit Academy Oic reported $12.0 million in revenue and $15.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $77.69 went to program services, $13.49 to management and general costs and $8.82 to fundraising. Its largest source of revenue was contributions and grants: 62.5% of the total. Government grants made up 26.6%. The highest compensation it reported for one person was $282,412 (CEO). 10 people received more than $100,000 in reportable compensation. Revenue rose 8% 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 $15MFor 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 $12M- Contributions & grants (non-government)$34.86 $4.3M
- Government grants$25.83 $3.2M
- Program service revenue$37.44 $4.6M
- Investment income$1.87 $230K
Other revenue was negative: −$351K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 62.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 26.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 38.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $282,412 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.86% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 10 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 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 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.…
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 | $264,402 | $0 | $18,010 | $282,412 |
| CFO Officer, 40.00 hrs/week | $227,054 | $0 | $32,107 | $259,161 |
| COO Officer, 40.00 hrs/week | $181,431 | $0 | $41,901 | $223,332 |
| CDO Officer, 40.00 hrs/week | $191,104 | $0 | $20,338 | $211,442 |
| CHIEF STRATEGIC OFFICER (LEFT 06/2025) Officer, 40.00 hrs/week | $189,288 | $0 | $19,753 | $209,041 |
| DIRECTOR OF ACCOUNTING Highest compensated employee, 40.00 hrs/week | $152,705 | $0 | $18,722 | $171,427 |
| DIRECTOR OF DATA & EVAL Highest compensated employee, 40.00 hrs/week | $152,087 | $0 | $19,201 | $171,288 |
| DIRECTOR OF IT Highest compensated employee, 40.00 hrs/week | $120,519 | $0 | $31,084 | $151,603 |
10 people received more than $100,000 in reportable compensation from Summit Academy Oic (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (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–1b21 · 21 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5164
- Volunteers Part I, line 6250
Private foundation grants it received
33 private foundations reported grants to Summit Academy Oic totaling $5.6M 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 Academy Oic'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 Oic, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Summit Academy Oic spent in FY2025, $77.69 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Mid-Atlantic Region Commission on Higher EducationWilmington, DE · revenue $12M · programs 73.2% · FY2025
- Oakcrest SchoolVienna, VA · revenue $12M · programs 86.0% · FY2025
- Dutton Christian SchoolCaledonia, MI · revenue $12M · programs 84.1% · FY2025
- Community Roots Charter SchoolBrooklyn, NY · revenue $12M · programs 79.8% · FY2025
- Lehigh Valley Charter Hs for the ArtsBethlehem, PA · revenue $12M · programs 87.3% · FY2025
Questions people ask
How much of Summit Academy Oic's spending goes to programs?
In the fiscal year ending June 30, 2025, Summit Academy Oic reported that 77.7% of its $15.2 million in expenses went to program services, 13.5% to management and general and 8.8% to fundraising (Form 990, Part IX).
How much does Summit Academy Oic pay its top executive?
The largest total compensation Summit Academy Oic reported for one person in the fiscal year ending June 30, 2025 was $282,412, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Summit Academy Oic get its money?
Of $12.0 million in revenue in the fiscal year ending June 30, 2025, 62.5% came from contributions and grants (including 26.6% from government grants) and 38.5% from program service revenue (Form 990, Part VIII).
Is Summit Academy Oic a registered charity?
The IRS lists EIN 41-0908458 as a 501(c)(3) organization (school), 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 202532979349302308 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202422759349301242 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202323079349301232 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202233419349300118 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202103379349300825 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202023079349300887 · read the filing
All filings for EIN 41-0908458: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.