2024-05-15T16:27:38-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 841562333 SUMMIT MIDDLE CHARTER SCHOOL INC SUMM 7205613925 4655 HANOVER AVENUE BOULDER CO 80305 DANIEL SIMON TREASURER 7205613925 2024-05-15 1 DANIEL SIMON XXX-XX-XXXX 1 SARAH HINTZ P00492291 3037795710 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUMMIT MIDDLE SCHOOL MATT DAHL 4655 HANOVER AVENUE BOULDER CO 80305 5254152 0 X HTTPS://SUM.BVSD.ORG/ X 2000 CO PUBLIC EDUCATION FOR MAINSTREAM LEARNERS IN A MIDDLE SCHOOL SETTING. 9 9 0 250 0 0 4819854 5167361 72223 85106 0 0 2492 1685 4894569 5254152 0 0 0 0 3166272 3449872 0 0 0 1573047 1465422 4739319 4915294 155250 338858 4087455 4516904 6451249 6564066 -2363794 -2047162 PUBLIC EDUCATION FOR MAINSTREAM LEARNERS IN A MIDDLE SCHOOL SETTING. THE SCHOOL IS A NO CHILD LEFT BEHIND BLUE RIBBON SCHOOL. 0 0 2967369 0 86791 SUMMIT MIDDLE SCHOOL IS A TUITION-FREE, PUBLIC CHARTER SCHOOL IN THEBOULDER VALLEY SCHOOL DISTRICT (BVSD), SERVING GRADES 6,7, AND 8THROUGH MIXED-AGE CLASSES GROUPED BY ABILITY, INTEREST, MOTIVATION,DEVELOPMENTAL LEVEL, AND MASTERY OF PREVIOUS MATERIAL, AND TAUGHT BYTEACHERS WHO ARE SPECIALISTS IN THEIR SUBJECT AREAS. ENROLLMENT FOR THE2022-2023 SCHOOL YEAR WAS 361 FULL-TIME EQUIVALENT STUDENTS. 2967369 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X X TARA WATERS 7205613925 4655 HANOVER AVENUE BOULDER CO 80303 ADAM GALVIN PRINICPAL 45.00 0.50 X 151526 0 43907 LISA CHASE CHAIR 0.50 0.50 X X 0 0 0 DANIEL SIMON TREASURER 4.00 0.50 X X 0 0 0 SHARI POLIS SECRETARY 0.50 0.50 X X 0 0 0 MATT DAHL MEMBER 0.50 0.00 X 0 0 0 CASEY GALLAGHER MEMBER 0.50 0.00 X 0 0 0 MONSERRAHT HERNANDEZ MEMBER 0.50 0.00 X 0 0 0 ERIN ROBBINS MEMBER 0.50 0.00 X 0 0 0 MARY KATHRYN WOOD MEMBER 0.50 0.00 X 0 0 0 KATIE SCHWAB MEMBER 0.50 0.00 X 0 0 0 151526 0 43907 1 0 1 0 0 52585 4947888 166888 5167361 STUDENT FEES 611710 43337 43337 FIELD TRIPS 611710 19184 19184 ATHLETIC FEES 611710 12855 12855 BOOKSTORE SALES 611710 9730 9730 85106 MISCELLANEOUS REVENUE 900099 1685 1685 1685 5254152 86791 0 0 X 336316 168158 168158 2383419 1802944 580475 438911 325535 113376 255946 194860 61086 35280 25315 9965 183 183 4510 4510 1004869 301570 703299 1100 1100 229084 82372 146712 7399 5408 1991 132630 9282 123348 76060 49511 26549 7173 7173 PERIODICALS 2414 2414 4915294 2967369 1947925 0 2775783 2988314 4357 5265 49336 236332 13701 27527 222631 1230452 1300694 4087455 4516904 213173 233522 6238076 6330544 6451249 6564066 X -3631967 -3788767 1268173 1741605 0 0 -2363794 -2047162 4087455 4516904 X 338858 -22226 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106959 4902 102057 34055 8799 25256 95318 95318 222631 DEFERRED PENSION OUTFLOWS 1256314 DEFERRED OPEB RELATED OUTFLOWS 44380 1300694 NET PENSION LIABILITIES 5236637 NET OPEB LIABILITIES 178468 DEFERRED PENSION INFLOWS 835673 DEFERRED OPEB RELATED INFLOWS 79766 6330544 5171102 -83050 -83050 5254152 0 5254152 5043215 135094 135094 4908121 7173 7173 4915294 PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AUDITED F/S - SUPPORTERS OF SUMMIT REVENUE -83,050. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AUDITED F/S - SUPPORTERS OF SUMMIT EXPENSES -67,183. CAPITAL OUTLAYS 202,277. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION 7,173. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 PUBLIC SCHOOL FUNDING RECEIVED FROM FEDERAL, STATE AND LOCAL GOVERNMENTS. 0 0 0 0 0 0 0 0 0 ADAM GALVIN PRINICPAL 144053 0 6000 0 1473 0 30535 0 13372 0 195433 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF SUMMIT MIDDLE SCHOOL INCLUDE THE PARENTS OF THE CURRENT STUDENTS, FACULTY, AND STAFF. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF SUMMIT MIDDLE SCHOOL ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B PER THE BYLAWS: THE MISSION, BYLAWS, AND GOALS AND OBJECTIVES OF THE SCHOOL MAY BE ALTERED, AMENDED, OR REPEALED BY THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THOSE CASTING VOTES, WHERE ARE LEAST FOURTY (40) PERCENT OF THE MEMBERSHIP MUST HAVE VOTED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, THE BOARD TREASURER AND BUSINESS MANAGER REVIEW THE RETURN BEFORE FILING. THE RETURN IS INCLUDED IN THE BOARD PACKET FOR BOARD REVIEW AND QUESTIONS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. THE BOARD DECLARES THAT SITUATIONS WHICH PRESENT A POTENTIAL CONFLICT OF INTEREST ARE THOSE IN WHICH A BOARD MEMBER WILL DERIVE FROM BOARD ACTION A PRIVATE BENEFIT THAT IS EITHER PECUNIARY OR PERSONAL IN NATURE. IT IS EXPECTED THE BOARD MEMBERS POLICE THEMSELVES, AS THERE IS CURRENTLY NO FORMAL PROCESS FOR HOW A CONFLICT OF INTEREST IS HANDLED. THERE ARE NO LISTED SANCTIONS. PRESUMABLY THE MEMBER IN QUESTION WOULD CEASE AND DESIST FROM THE ACTION IN QUESTION IMMEDIATELY. THESE POTENTION CONFLICTS OF INTEREST ARE DISCLOSED DURING THE AUDIT PROCESS, BUT THERE ARE NOT FORMAL PROCCESSES FOR DOCUMENTING CONFLICTS OF INTEREST. THE PRINCIPAL AND BUSINESS MANAGER ATTEND BOARD MEETINGS, MONITOR BOARD ACTIVITIES, AND PROVIDE GUIDANCE, SHOULD IT BE NEEDED, TO AVOID CONFLICTS OF INTEREST. THE PRINCIPAL WORKS CLOSELY WITH THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL PRINCIPAL'S SALARY IS REVIEWED BY A COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS. THE COMPENSATION COMMITTEE CONDUCTS A SALARY SURVEY EVERY THREE YEARS. THE COMPENSATION COMMITTEE REVIEWS ALL SALARIES. THE COMPENSATION COMMITTEE CONSISTS OF TWO OR MORE BOARD MEMBERS. THE DATE THIS WAS LAST REVIEWED WAS IN APRIL 2023. THE PRINCIPAL EVALUATION COMMITTEE REVIEWED THE COMPENSATION OF ALL THE EMPLOYEES. THE COMMITTEE CONDUCTS A SALARY SURVEY EVERY THREE YEARS. THE COMMITTEE REVIEWED THE ORGANIZATION'S FINANCIAL FIVE YEAR FORECAST, AND BOULDER VALLEY SCHOOL DISTRICT AND SURROUNDING CHARTER SCHOOLS AND DISTRICTS COMPENSATION FOR SIMILAR DUTIES AND POSITION. THIS COMMITTEE CONSISTS OF TWO OR MORE BOARD MEMBERS. TEACHER SALARIES ARE SET BY THE SALARY MATRIX. THIS LAST OCCURRED IN APRIL 2022 AND WAS DOCUMENTED IN THE SUMMIT MIDDLE CHARTER SCHOOL INC BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 301,570. MANAGEMENT AND GENERAL EXPENSES 703,299. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,004,869. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY -22,226. FORM 990, PART XII, LINE 1 THE GOVERNMENT-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. REVENUES ARE RECORDED WHEN EARNED AND EXPENSES ARE RECORDED WHEN THE LIABILITY IS INCURRED, REGARDLESS OF THE TIMING OF RELATED CASH FLOWS. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED AS REVENUE AS SOON AS ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. SUPPORTERS OF SUMMIT 4655 HANOVER AVE BOULDER CO 80305 841487925 FUNDRAISING AND COMMUNITY BUILDING FOR SUMMIT MIDDLE CHARTER SCHOOL CO 501(C)(3) LINE 7 SUMMIT MIDDLE CHARTER SCHOOL INC 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 SUPPORTERS OF SUMMIT C 52285 CASH