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    Summit Academy OIC

    Summit Academy OIC

     

    ...Is this your nonprofit?

    ...501(c)(3) organization

    ...Donations are tax-deductible

    ...http://www.saoic.org

    ...935 OLSON MEMORIAL HWY
    Minneapolis MN 55405-1359

    612-377-0150


    Minneapolis MN | IRS ruling year: 1967 | EIN: 41-0908458  

     

    Summit Academy OIC assists individuals in developing their ability to earn and to become contributing citizens in their community. We equip students with education, skills and social networks to overcome barriers to economic opportunity. Our fundamental belief is the best social service program in the world is a job!

    Our vision is to create a community where adults work, children learn and community thrives. In just 20 weeks, our vocational training programs move students from unemployment or minimum wage jobs to family-supporting careers.

     


    Rating Information

    Great


    This charity's score is 93%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.


    This overall score is calculated entirely from a single beacon score: 100% Accountability & Finance. Learn more about our criteria and methodology.

    Beacon Weights
    Historical Ratings
     Important note on the timeliness of ratings

    The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). As a result, the Accountability & Finance score for Summit Academy OIC is outdated and the overall rating may not be representative of its current operations. Please check with the charity directly for any questions you may have.

    Rating Report

    • Impact & Results
    • Accountability & Finance
    • Culture & Community
    • Leadership & Adaptability
    Accountability & Finance
    Impact & ResultsAccountability & FinanceCulture & CommunityLeadership & Adaptability

     

    Accountability & Finance

     

    Summit Academy OIC has earned a 93% for the Accountability & Finance beacon. See the metrics below for more information.

    This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

    This Accountability & Finance score represents IRS Form 990 data up until FY 2019. More recent filing data is available, but it has not been factored into this score, due to COVID-19's effect on this organization.

    Rating update postponed due to COVID-19's impact on this organization. View Summit Academy OIC's response.

    Learn more

     

    Accountability and Transparency
    ...Full Credit
      
    ...Partial Credit
      
    ...No Credit
      
    ...Not Applicable
    Governance
    Policies
    Transparency

    Financial Metrics
    ...Full Credit
      
    ...Partial Credit
      
    ...No Credit
      
    ...Not Applicable
    ...Liabilities to Assets Ratio - 21.70% - 7.5/10 pts
    ...Working Capital Ratio - 0.64 years - 7.5/10 pts
    ...Fundraising Efficiency - $0.11 - 7.5/10 pts
    ...Administrative Expense Ratio - 10.90% - 10/10 pts
    ...Fundraising Expense Ratio - 7.70% - 10/10 pts
    ...Program Expense Ratio - 81.30% - 8.94/10 pts
    ...Program Expense Growth - 8.21% - 10/10 pts

    Unscored Information

    Total Revenue and Expenses - Data Available
    Salary of Key Persons - Data Available
    IRS Published Data (Business Master File) - Data Available
    Data Sources (IRS Forms 990) - Data Available
    Pandemic Response - Data Available

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