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Education : Adult Education Programs and Services

Summit Academy OIC

Training for life

four stars

93.31

935 Olson Memorial Highway Minneapolis, MN 55405
tel: (612) 377-0150   Web Site
EIN: 41-0908458

Board Leadership
Ravi Norman
Chair

CEO
Louis King
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 93.31 four stars
  Financial 91.44 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 06/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Summit Academy OIC (SAOIC) is an educational and vocational training center that empowers adults and prepares youth residing in the most economically depressed neighborhoods in the Twin Cities to become educated, employed contributing members of their community. Located in the Heritage Park neighborhood of North Minneapolis, Summit Academy OIC is the only community-based vocational training and job placement program in North Minneapolis. We exist to assist individuals in developing their ability to earn and to become contributing citizens in their community. We support the development of self-sufficiency in every person, regardless of background, economic status, or level of ability.

Summit Academy OIC (SAOIC) is an educational and vocational training center that empowers adults and prepares youth residing in the most economically depressed neighborhoods in the Twin Cities to become educated, employed contributing members of their community. Located in the Heritage Park neighborhood of North Minneapolis, Summit Academy OIC is the only community-based vocational training and job placement program in North Minneapolis. We exist to assist individuals in developing their ability to earn and to become contributing citizens in their community. We support the development of self-sufficiency in every person, regardless of background, economic status, or level of ability.

Impact Information

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This impact information is current as of August 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

91.44

Accountability & Transparency

four stars

96.00

This rating was published 06/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.3%
  Administrative Expenses 10.9%
  Fundraising Expenses 7.7%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 0.64
  Program Expenses Growth 8.2%
  Liabilities to Assets 21.7%
All data for Financial Performance Metrics calculations was provided by Summit Academy OIC on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Summit Academy OIC on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Summit Academy OIC (MN) 93.31 four stars
Robert Toigo Foundation (CA) 94.81 four stars
Mozilla Foundation (CA) 96.01 four stars
Getting Out and Staying Out (NY) 92.39 four stars
MassBioEd (MA) 89.54 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,784,814
   Federated Campaigns $259,000
   Membership Dues $0
   Fundraising Events $622,023
   Related Organizations $0
   Government Grants $2,724,769
Total Contributions $6,390,606
   Program Service Revenue $3,284,338
Total Primary Revenue $9,674,944
   Other Revenue $-98,311
TOTAL REVENUE $9,576,633
   
EXPENSES  
   Program Expenses $7,497,592
   Administrative Expenses $1,149,993
   Fundraising Expenses $724,908
TOTAL FUNCTIONAL EXPENSES $9,372,493
   
Payments to Affiliates $0
Excess (or Deficit) for the year $204,140
   
Net Assets $6,903,493

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History
Summit Academy OIC has received 8 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 06/01/2020 93.31 four stars
2018-06 10/01/2019 90.19 four stars
2017-06 06/01/2018 93.46 four stars
2016-06 06/01/2017 91.64 four stars
2015-06 06/01/2016 90.97 four stars
 
CN 2.0
2014-06 09/01/2015 91.58 four stars
2013-06 07/01/2014 94.05 four stars
2012-06 06/01/2013 91.31 four stars
2011-06 05/01/2012 81.06 three stars
2010-06 09/20/2011 91.29 four stars
 
CN 1.0
2010-06 04/01/2011 89.86 three stars
2009-06 05/01/2010 89.63 three stars
2008-06 07/01/2009 81.02 three stars
2007-06 07/01/2008 73.64 two stars
2006-06 04/01/2007 66.23 one star
2005-06 02/01/2006 64.26 one star
2004-06 08/01/2005 64.56 one star
2003-06 10/01/2004 88.28 three stars
2002-06 09/01/2003 87.81 three stars
2001-06 10/15/2002 86.94 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-0908458
Name in IRS Master File SUMMIT ACADEMY OIC
NTEE Code B28
NTEE Classification Specialized Education Institutions
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
Foundation Status School 170(b)(1)(A)(ii)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1967
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$292,726 3.12% Louis J. King II Chief Executive Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Summit Academy OIC (MN) 93.31 four stars
Teaching Matters (NY) 91.06 four stars
JobTrain (CA) 89.99 three stars
Jobs For America's Graduates (VA) 91.45 four stars
PowerMyLearning (NY) 94.28 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Summit Academy OIC
935 Olson Memorial Highway
Minneapolis, MN 55405
tel: (612) 377-0150
fax: (612) 377-0156
EIN: 41-0908458

Visit Web Site

Board Leadership

Ravi Norman
Chair

CEO

Louis King
President & CEO

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