Nonprofit · EIN 04-3778013
SUMMIT ACADEMY INCORPORATED
Tax-exempt · DRAPER, UT 84020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $33,242,867 | $30,374,682 | $2,868,185 | $82,852,696 | $74,072,987 | $8,779,709 |
| June 30, 2024 | 990 | $31,594,749 | $32,494,566 | -$899,817 | $80,549,001 | $74,637,477 | $5,911,524 |
| June 30, 2023 | 990 | $22,760,375 | $22,656,351 | $104,024 | $63,233,109 | $56,421,768 | $6,811,341 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $30,914,719
- of which government grants
- $30,542,776
- Program service revenue
- $1,097,856
- Investment income
- $1,035,477
- Net income from fundraising events
- $194,815
- Other revenue
- $194,815
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $593,669
- Other salaries and wages
- $14,929,481
- Salaries, compensation and benefits (total)
- $21,059,664
- Professional fundraising fees
- $0
- Occupancy
- $679,595
- Travel
- $55,953
- Depreciation
- $1,428,072
- Program services (functional)
- $27,352,108
- Management and general (functional)
- $3,022,574
Balance sheet and other
- Total assets, start of year
- $80,549,001
- Total assets, end of year
- $82,852,696
- Total liabilities, end of year
- $74,072,987
- Net assets, end of year
- $8,779,709
- Land, buildings and equipment
- $50,005,595
- Net assets without donor restrictions
- $2,277,836
- Net assets with donor restrictions
- $6,501,873
- Gross receipts
- $33,242,867
- Employees
- 543
- Volunteers
- 400
- Year formed
- 2003
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Molly Hart | CEO Officer | 40 | $147,059 |
| Tanner Polatis | Information Technology | 40 | $121,355 |
| Brad Wilkinson | CFO Officer | 40 | $117,754 |
| Travis Cook | CTE | 40 | $106,959 |
| Angela Grimmer | School Principal | 40 | $100,542 |
| Wilson Sivertson | Treasurer Trustee or director, Officer | 4 | $0 |
| Chelsea Welch | Vice Chair Trustee or director, Officer | 4 | $0 |
| Tracy Ellis | Secretary Trustee or director, Officer | 4 | $0 |
| Peter Baxter | Chairman Trustee or director, Officer | 4 | $0 |
| Daynia MacArtney | Trustee Trustee or director | 2 | $0 |
| Jared Morgan | Trustee Trustee or director | 2 | $0 |
| Elizabeth Lau | Trustee Trustee or director | 2 | $0 |
| Alana Johnson | CEO Trustee or director, Officer | 2 | $0 |
| Jon Eborn | Retired Board Trustee or director | 2 | $0 |
| Marcia Whitman | Retired Board Trustee or director | 2 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robin Derbidge | Retired Board Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brad Wilkinson | CFO Officer | 40 | $139,100 |
| Tanner Polatis | Information Technology | 40 | $122,636 |
| Lisa Cutler | School Principal | 40 | $104,919 |
| Jon Eborn | Chairman Trustee or director, Officer | 4 | $0 |
| Chelsea Welch | Vice Chair Trustee or director, Officer | 4 | $0 |
| Tracy Ellis | Secretary Trustee or director, Officer | 4 | $0 |
| Peter Baxter | Treasurer Trustee or director, Officer | 4 | $0 |
| Marcia Whitman | Trustee Trustee or director | 2 | $0 |
| Robyn Derbidge | Trustee Trustee or director | 2 | $0 |
| Elizabeth Lau | Trustee Trustee or director | 2 | $0 |
| Molly Hart | CEO Officer | 40 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL CLARK | DIRECTOR Officer | 32 | $108,193 | $9,045 |
| BRAD WILKINSON | BUSINESS ADM Officer | 32 | $116,120 | $0 |
| TANNER POLATIS | IT Highest-paid employee | 40 | $113,101 | $0 |
| JON EBORN | BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| ROBYN DERBIDGE | BOARD MEMBER Trustee or director | 8 | $0 | $0 |
| JOEL WOODRUFF | BOARD MEMBER Trustee or director | 8 | $0 | $0 |
| MARCIA WHITMAN | BOARD MEMBER Trustee or director | 8 | $0 | $0 |
| CHELSEA WELCH | BOARD MEMBER Trustee or director | 8 | $0 | $0 |
| BOB ZENTNER | BOARD MEMBER Trustee or director | 8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1225 E 13200 S, DRAPER, UT 84020-9000
- In care of
- % COREEN SMILEY
- Principal officer (990 for 2024)
- Peter Baxter, 1225 E 13200 S, Draper, UT 84020
- Signed the 990
- Brad Wilkinson, CFO
- Phone
- (801) 572-9007
- Website
- www.summitacademyschools.org
- Return prepared by
- Aycock Miles & Assoc CPAs
Mission
To manage and operate a Utah public charter school funded by local, state and federal sources.
Program accomplishments
- K-12 education.Expenses $27,352,108 · revenue $33,242,867
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3778013
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $82,852,696
- Income (IRS master file)
- $33,242,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $33,242,867 | $30,374,682 | $82,852,696 | XML |
| 990 | June 2024 | $31,594,749 | $32,494,566 | $80,549,001 | XML |
| 990 | June 2023 | $22,760,375 | $22,656,351 | $63,233,109 | XML |
| 990 | June 2022 | $22,619,755 | $20,011,122 | $60,757,403 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3778013).
Questions about SUMMIT ACADEMY INCORPORATED
- What is the EIN of SUMMIT ACADEMY INCORPORATED?
- The employer identification number (EIN) of SUMMIT ACADEMY INCORPORATED is 04-3778013.
- Is SUMMIT ACADEMY INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to SUMMIT ACADEMY INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUMMIT ACADEMY INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SUMMIT ACADEMY INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUMMIT ACADEMY INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SUMMIT ACADEMY INCORPORATED?
- The 990 for the year ended June 30, 2025 names Peter Baxter.
- Who are the officers and directors of SUMMIT ACADEMY INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 16 people; 5 received compensation from the organization, the highest $147,059 (Molly Hart, CEO).
- How much revenue does SUMMIT ACADEMY INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $33,242,867, expenses of $30,374,682 and total assets of $82,852,696 at year end.
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