Summit Preparatory Charter High School
Nonprofit profile at a glance
- EIN
- 943379995
- IRS 990 coverage
- 2011–2011
- Forms available
- Form 990 2011
- Location
- Redwood City, CA, USA
- Phone
- 6505561110
- Rating confidence
- Limited
- Sector
- Secondary, High School
Reported finances
- Revenue
- $3,956,449
- Expenses
- $3,838,853
- Assets
- $986,261
- Liabilities
- $338,112
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
14 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To prepare a diverse student population for success in college and to be thoughtful, contributing members of society.
What it reported doing in 2011
Operates as a California charter school
Operating model
- Revenue model
- Grant-funded. 80% of the money available for current operations came from government grants.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 37
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3M in reported program spending
- Leadership: top reported pay $122K · 14 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 1 filing year from 2011
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.