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Education : Adult Education Programs and Services

Summit Academy OIC

Training for life

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Impact Information is available from our partner, GuideStar

four stars

90.19

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 90.19 four stars
  Financial 91.55 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 10/01/2019 and includes data from FY2018, 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 September 2019, 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

91.55

Accountability & Transparency

three stars

89.00

This rating was published 10/01/2019 and includes data from FY2018, 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)
81.7%
  Administrative Expenses 10.0%
  Fundraising Expenses 8.1%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 0.66
  Program Expenses Growth 10.2%
  Liabilities to Assets 22.5%
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) 90.19 four stars
Getting Out and Staying Out (NY) 91.27 four stars
Teaching Matters (NY) 94.88 four stars
PowerMyLearning (NY) 92.61 four stars
Robert Toigo Foundation (CA) 95.26 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,757,053
   Federated Campaigns $353,500
   Membership Dues $0
   Fundraising Events $574,600
   Related Organizations $0
   Government Grants $2,658,271
Total Contributions $6,343,424
   Program Service Revenue $3,542,000
Total Primary Revenue $9,885,424
   Other Revenue $-82,795
TOTAL REVENUE $9,802,629
   
EXPENSES  
   Program Expenses $7,336,249
   Administrative Expenses $956,249
   Fundraising Expenses $793,895
TOTAL FUNCTIONAL EXPENSES $9,086,393
   
Payments to Affiliates $0
Excess (or Deficit) for the year $716,236
   
Net Assets $6,699,353

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 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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
$204,901 2.25% Louis J. King II Chief Executive Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Summit Academy OIC (MN) 90.19 four stars
Facing History and Ourselves (MA) 90.34 four stars
Coro New York Leadership Center (NY) 87.70 three stars
Getting Out and Staying Out (NY) 91.27 four stars
Working Wardrobes (CA) 87.65 three stars

Compare These Charities (Highly Rated)

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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