2024-09-03T09:24:37-04:00 2023-06-30 522212837 GREENE FINNEY CAULEY LLP 908 N MAIN ST ANDERSON SC 29621 990 2022-07-01 825507072 SUMMIT CLASSICAL CHARTER SCHOOL INC SUMM 8649774988 1201 MAIN STREET SUITE 300 COLUMBIA SC 29201 ADRIENNE JONES TREASURER 8642000535 2024-08-23 true false CHRISTOPHER S CAULEY P00534004 8642258713 2024-08-23 2022 2024-08-08 14:25:15Z X JESSICA MILLS 1201 MAIN STREET SUITE 300 COLUMBIA SC 29201 1488424 false X WWW.SUMMITCLASSICALSCHOOL.COM X 2018 SC THE MISSION OF SUMMIT CLASSICAL CHARTER SCHOOL IS TO CULTIVATE A LEARNING ENVIRONMENT THAT PRODUCES MODEL CITIZENS WHO EMBRACE ONGOING ACHIEVEMENT IN EDUCATION AND SERVICE. 5 5 14 0 1163909 1454466 3897 33958 0 0 1167806 1488424 0 0 720737 777256 0 0 657720 800099 1378457 1577355 -210651 -88931 979204 769352 967556 846635 11648 -77283 THE SCHOOL'S MISSION IS TO SUPPORT THE GROWTH AND DEVELOPMENT OF LEADERSHIP-CALIBER STUDENTS. false false 1152598 33958 IN FY23, SUMMIT PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 110 STUDENTS. 1152598 true false false false false false false false false false true false false true true false true true true false false false false false false false false false false false false false false true false true false false false false false false false false false false false true 0 0 14 true false false false false false false false false false false false false X 5 5 false true false false false false false true false false false true true true true false false false false false SC X REASON AND REPUBLIC LLC 8649774988 1650H E GREENVILLE STREET ANDERSON SC 29621 X SHAUNA DONNELLY CHAIR 1.00 X X 0 0 0 JESSICA MILLS VICE CHAIR 1.00 X X 0 0 0 MARIANNE ALLMOND SECRETARY 1.00 X X 0 0 0 LINDSEY CANNON DIRECTOR 1.00 X 0 0 0 LAHALLA GARRETT DIRECTOR 1.00 X 0 0 0 SAVANNAH THIBODEAU DIRECTOR 1.00 X 0 0 0 false false false 1454466 1454466 STUDENT LUNCHES AND FEES 611710 33958 33958 33958 1488424 33958 X 647582 560469 87113 129674 117995 11679 194852 194852 14000 14000 210292 101268 109024 39217 39217 35990 35990 8947 8947 242032 242032 SUPPLIES 53269 45880 7389 1500 800 700 1577355 1152598 424757 0 84763 53884 17999 613908 223185 491157 390723 385285 324745 979204 769352 382991 402954 1440 3188 293693 293693 289432 146800 967556 846635 X 11648 -77283 11648 -77283 979204 769352 -88931 X false true X true false X 542686 180500 362186 71222 42685 28537 390723 DUE FROM DISTRICT 183145 RIGHT OF USE ASSET - BUILDING, NET 141600 324745 RIGHT OF USE LIABILITY - BLDG 146800 146800 1488424 1488424 1488424 1577355 1577355 1577355 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE SCHOOL'S POLICY IS LISTED ON ALL PRINTED REGISTRATION FORMS. SCHEDULE E, LINE 6 THE SCHOOL RECEIVES A SIGNIFICANT PORTION OF ITS SUPPORT FROM GOVERNMENTAL UNITS INCLUDING A PASS THROUGH AMOUNT FROM THE CHARTER INSTITUTE AT ERSKINE. REASON AND REPUBLIC FOUNDER FACILITY IMPROVEMENTS X 393693 293693 false true true 293693 REASON & REPUBLIC FOUNDER 194852 MANAGEMENT FEE true SCHEDULE L, PART V PART II: LOANS WITH INTERESTED PERSONS REASON AND REPUBLIC, THE SCHOOL'S MANAGEMENT COMPANY, WAS ALSO THE ENTITY WHO HELPED ESTABLISH THE SCHOOL. THE SCHOOL ENTERED INTO A LEASE AGREEMENT FOR ITS FACILITY DURING THE FISCAL YEAR ENDED JUNE 30, 2022. AS PART OF THE AGREEMENT THE SCHOOL AGREED TO PAY 393,693 TO THE MANAGEMENT COMPANY FOR LEASEHOLD IMPROVEMENTS. THIS WAS AN INTEREST FREE LOAN APPROVED BY THE BOARD. PART IV: BUSINESS TRANSACTIONS WITH INTERESTED PERSONS MANAGEMENT FEES PAID TO REASON AND REPUBLIC WERE APPROVED BY THE BOARD WHEN THE ORIGINAL CONTRACT WAS ESTABLISHED. THE MANAGEMENT COMPANY RECEIVED AN ALLOCATION OF 15% OF TOTAL REVENUE ALLOCATED FOR MANAGEMENT SERVICES. THE SCHOOL ALSO REIMBURSED THE MANAGEMENT COMPANY FOR CERTAIN EXPENDITURES AND PURCHASES MADE ON ITS BEHALF. FORM 990 THE SCHOOL UTILIZED A MANAGEMENT COMPANY TO MANAGE SCHOOL OPERATIONS THROUGH JANUARY 2024. THE MANAGEMENT COMPANY UP UNTIL THIS TIME HELD A SIGNIFICANT AMOUNT OF THE FINANCIAL RECORDS OF THE SCHOOL. AT THE TIME OF FILING, THE MANAGEMENT COMPANY HAS NOT PROVIDED THE SCHOOL WITH ALL OF ITS BOOKS AND RECORDS. FOR THIS REASON, THERE ARE ITEMS REQUESTED ON FORM 990 THAT THE SCHOOL COULD NOT PROVIDE DUE TO LACK OF AVAILABLE RECORDS INCLUDING THE OF 1099S FILED, DISCLOSURES FOR COMPENSATION INFORMATION OF A MANAGEMENT COMPANY EMPLOYEE WHO SERVED IN A MANAGEMENT CAPACITY FOR THE SCHOOL, AND CALENDAR YEAR COMPENSATION TO THE MANAGEMENT COMPANY (ALTHOUGH THE FISCAL YEAR AMOUNT IS DISCLOSED IN PART IX ON THE STATEMENT OF FUNCTIONAL EXPENSES). THE LEVEL OF DETAIL REPORTED IN PART IX WAS ALSO LIMITED AS THE SCHOOL DID NOT HAVE ACCESS TO MORE DETAILED RECORDS SO IT RELIED ON THE MORE SUMMARIZED REPORTING AVAILABLE IN THE AUDITED FINANCIAL STATEMENTS. THE RETURN IS BEING FILED WITH THE MOST ACCURATE INFORMATION AVAILABLE AT THE TIME OF FILING. FORM 990, PAGE 6, PART VI, LINE 3 FOR FY23, THE SCHOOL'S MANAGEMENT FUNCTION WAS OUTSOURCED TO REASON AND REPUBLIC LLC, AN EDUCATION MANAGEMENT ORGANIZATION AND A SOUTH CAROLINA CORPORATION. REASON AND REPUBLIC LLC WAS CONTRACTED TO PROVIDE OPERATIONS, MARKETING, HUMAN RESOURCES, FINANCE AND TECHNOLOGY SUPPORT. THE PRINCIPAL OF SUMMIT, MARY GREEN THOMASON, WAS CONSIDERED AN EMPLOYEE OF REASON AND REPUBLIC LLC. COMPENSATION PAID TO REASON AND REPUBLIC LLC FOR FY23 IS REPORTED IN PART IX, LINE 11A. FORM 990, PAGE 6, PART VI, LINE 8B DURING FY23, THERE WERE NO MEETINGS BY SUBCOMMITTEES OF THE BOARD SO THE FORM 990 QUESTION ON DOCUMENTATION BY COMMITTEES DOES NOT APPLY FOR THIS TIME PERIOD. THERE WAS DOCUMENTATION OF MEETINGS AND ACTION BY MEETINGS OF THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD CHAIR AND TREASURER PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD MEMBER IS REQUIRED TO ATTEND STATE BOARD TRAINING WHICH ADDRESSES THE CONFLICT OF INTEREST STANDARDS. BOARD MEMBERS HAVE THE OPPORTUNITY TO DISCLOSE ANY CONCERNS AT REGULARLY SCHEDULED BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PURCHASED SERVICES 101,268 109,024 0