Nonprofit · EIN 81-1772206
SUMMIT ACADEMY OF CENTRAL VIRGINIA INC
Tax-exempt · FREDERICKSBRG, VA 22407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,267,845 | $1,327,647 | -$59,802 | $1,263,961 | $542,134 | $721,827 |
| June 30, 2024 | 990 | $1,156,979 | $1,109,886 | $47,093 | $1,276,594 | $494,965 | $781,629 |
| June 30, 2023 | 990 | $1,726,213 | $1,078,538 | $647,675 | $1,233,642 | $456,958 | $776,684 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $267,441
- Program service revenue
- $943,716
- Investment income
- $0
- Net rental income
- $13,930
- Net income from fundraising events
- $42,598
- Other revenue
- $56,688
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $40,417
- Other salaries and wages
- $776,041
- Salaries, compensation and benefits (total)
- $923,935
- Professional fundraising fees
- $0
- Accounting fees
- $1,815
- Occupancy
- $40,600
- Depreciation
- $70,952
- Program services (functional)
- $988,016
- Management and general (functional)
- $292,973
- Fundraising (functional)
- $46,658
Balance sheet and other
- Total assets, start of year
- $1,276,594
- Total assets, end of year
- $1,263,961
- Total liabilities, end of year
- $542,134
- Net assets, end of year
- $721,827
- Land, buildings and equipment
- $440,540
- Net assets without donor restrictions
- $721,827
- Gross receipts
- $1,299,023
- Employees
- 22
- Year formed
- 2016
- State of legal domicile
- VA
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 |
|---|---|---|---|
| JULIAN MALCOLM | SECRETARY Trustee or director, Officer | 40 | $40,417 |
| JOSEPH A STIBORA | CHAIR Trustee or director, Officer | 1 | $0 |
| TIM EDWARDS | TREASURER Trustee or director, Officer | 1 | $0 |
| WILLIAM ASBELL III | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW BODOH | DIRECTOR Trustee or director | 1 | $0 |
| DON WESLEY ARNOLD | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA GRASSO | DIRECTOR Trustee or director | 1 | $0 |
| ERIN TIERNEY | DIRECTOR Trustee or director | 1 | $0 |
| AMY SLUSKA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIAN MALCOLM | SECRETARY Trustee or director, Officer | 40 | $24,167 |
| JOSEPH A STIBORA | CHAIR Trustee or director, Officer | 1 | $0 |
| TIM EDWARDS | TREASURER Trustee or director, Officer | 1 | $0 |
| WILLIAM ASBELL III | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIAN MALCOLM | SECRETARY Trustee or director, Officer | 40 | $6,875 |
| JOSEPH A STIBORA | CHAIR Trustee or director, Officer | 1 | $0 |
| TIM EDWARDS | TREASURER Trustee or director, Officer | 1 | $0 |
| WILLIAM ASBELL III | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7124 SALEM FIELDS BLVD PMB 157, FREDERICKSBRG, VA 22407-2509
- Principal officer (990 for 2024)
- JULIAN MALCOLM
- Signed the 990
- JULIAN MALCOLM, SECRETARY
- Website
- SUMMITACADEMYVA.ORG
- Return prepared by
- ROBINSON FARMER COX ASSOCIATES
Mission
THE MISSION OF THE SUMMIT ACADEMY IS TO PROVIDE A SINGLE-SEX, CLASSICAL EDUCATION THAT IS ROOTED IN A CHRISTOLOGICAL ANTHROPOLOGY AND THE TRADITION OF CATHOLIC TEACHING. WE EMPLOY THE TOOLS OF CLASSICAL LEARNING WITH ADDITIONAL EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH; AND WE PLACE SPECIAL VALUE ON THE ARTS, AS WELL AS OUTDOOR EDUCATION AND LEADERSHIP TRAINING. ALTHOUGH WE ARE CO-EDUCATIONAL AS AN INSTITUTION, WE ARE GENDER SPECIFIC IN CLASSROOM INSTRUCTION.
Program accomplishments
- THE SUMMIT ACADEMY EXISTS TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION AND TO PARTNER WITH PARENTS TO FORM THEIR SONS AND DAUGHTERS IN CHRISTIAN VIRTUE SO THAT THEY BECOME MATURE, RESPONSIBLE, YOUNG ADULTS EQUIPPED TO ENGAGE THE WORLD.Expenses $988,016 · revenue $943,716
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
- 81-1772206
- 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
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $1,263,961
- Income (IRS master file)
- $1,299,023
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,267,845 | $1,327,647 | $1,263,961 | XML |
| 990 | June 2024 | $1,156,979 | $1,109,886 | $1,276,594 | XML |
| 990 | June 2023 | $1,726,213 | $1,078,538 | $1,233,642 | XML |
| 990 | June 2022 | $948,424 | $752,851 | $190,166 | 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 81-1772206).
Questions about SUMMIT ACADEMY OF CENTRAL VIRGINIA INC
- What is the EIN of SUMMIT ACADEMY OF CENTRAL VIRGINIA INC?
- The employer identification number (EIN) of SUMMIT ACADEMY OF CENTRAL VIRGINIA INC is 81-1772206.
- Is SUMMIT ACADEMY OF CENTRAL VIRGINIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SUMMIT ACADEMY OF CENTRAL VIRGINIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUMMIT ACADEMY OF CENTRAL VIRGINIA INC 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 OF CENTRAL VIRGINIA INC 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 OF CENTRAL VIRGINIA INC 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 OF CENTRAL VIRGINIA INC?
- The 990 for the year ended June 30, 2025 names JULIAN MALCOLM.
- Who are the officers and directors of SUMMIT ACADEMY OF CENTRAL VIRGINIA INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $40,417 (JULIAN MALCOLM, SECRETARY).
- How much revenue does SUMMIT ACADEMY OF CENTRAL VIRGINIA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,267,845, expenses of $1,327,647 and total assets of $1,263,961 at year end.
Other nonprofits in FREDERICKSBRG
- UNIVERSITY OF MARY WASHINGTON FOUNDATION EIN 54-0169627 · last filed 990 for 2025
- FREDERICKSBURG CHRISTIAN EDUCATIONAL SERVICES INC EIN 54-1144064 · last filed 990 for 2025
- FREDERICKSBURG ACADEMY EIN 54-1568499 · last filed 990 for 2025
- FOUNDATION FIRST EIN 27-4379476 · last filed 990 for 2025
- SAINT MICHAEL THE ARCHANGEL HIGHSCHOOL EIN 20-4856710 · last filed 990 for 2024
- COMMITTEE FOR ACL NJCL NATIONAL LATIN EXAM EIN 54-1370067 · last filed 990 for 2025
- LIGHTHOUSE ACADEMY OF FREDERICKSBURG INC EIN 84-1904426 · last filed 990 for 2025
- AMERICAN TRAFFIC SAFETY SERVICES FOUNDATION INC EIN 62-1384292 · last filed 990 for 2024