2024-05-03T16:13:23-05:00 2023-06-30 860558065 HEINFELD MEECH & CO PC 1365 N Scottsdale Rd STE 300 Scottsdale AZ 85257 990 2022-07-01 861012694 Foothills Educational Foundation FOOT 4804039509 4515 E Muirwood Dr Phoenix AZ 85048 John Lang Board of Trustees Co-Chair(2023-24) 4804039509 2024-05-03 1 John Lang 999009999 1 JILL A SHAW CPA P01613163 6022779449 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Summit School of Ahwatukee John Lang 4515 E Muirwood Dr Phoenix AZ 85048 4619060 0 X www.summitschoolaz.org X 2000 AZ Private Educational Organization 16 14 91 100 0 0 509464 760125 3740168 3826052 515 610 761 5727 4250908 4592514 0 0 0 0 3246426 3595135 0 0 10976 1265280 1322645 4511706 4917780 -260798 -325266 4519905 4128344 6891639 6825344 -2371734 -2697000 The mission of Summit School of Ahwatukee is to foster academic excellence and the love of learning through a liberal arts education. Our community nurtures the knowledge, skills, and values essential to a responsible and rewarding life. 0 0 4188508 3826052 Summit School of Ahwatukee provides exceptional opportunities for academic achievement, intellectual growth, artistic fulfillment, physical development, and community responsibility. 4188508 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 91 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 14 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 X Heidi Santos 4804039500 4515 E Muirwood Drive Phoenix AZ 85048 Roseanne Cheng Chair Present 1.00 X X 0 0 0 Randi Garcia Vice Chair 1.00 X X 0 0 0 Julia Beito Secretary 1.00 X X 0 0 0 Derek Underhill Treasurer 1.00 X X 0 0 0 William Andrew Member 1.00 X 0 0 0 Tim Crown Member 1.00 X 0 0 0 Eric Crown Member 1.00 X 0 0 0 Corey Saba Basha Member 1.00 X 0 0 0 Nicole Johnson Member 40.00 X 0 0 0 Mike Van Kirk Member 1.00 X 0 0 0 Colin Cagney Member 1.00 X 0 0 0 Heather Thomas Member 1.00 X 0 0 0 Terrance Swan Member 1.00 X 0 0 0 John Lang Member 1.00 X 0 0 0 Jessica Rigler Member 1.00 X 0 0 0 Alan Peril Member 1.00 X 0 0 0 Stephanie Nardi Head of School 40.00 X 150000 0 11489 150000 0 11489 1 0 1 0 0 207375 452929 99821 3688 760125 Tuition 611600 3765309 3765309 Miscellaneous 611600 60743 60743 3826052 610 610 32273 207375 26546 5727 5727 4592514 3826052 0 6337 153577 30715 122862 2702445 2383359 319086 79805 65013 14792 446634 388866 57768 212674 179517 33157 90 90 40437 40437 48546 43999 4547 20497 20497 47357 42922 4435 2462 2231 231 429976 398707 31269 18780 14044 4736 314938 277165 37773 145406 131880 13526 45049 40471 4578 Instructional supplies 185349 185349 Fundraising supplies 10976 10976 Staff expenses 9869 4270 5599 Bank Charges 2913 2913 4917780 4188508 718296 10976 500 466358 844079 100002 78436 58742 30899 33697 6718695 3249150 3565991 3469545 4519905 4128344 119633 110847 283681 347700 6488325 6366797 6891639 6825344 X -2374827 -2703913 3093 6913 -2371734 -2697000 4519905 4128344 -325266 0 X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1060000 1060000 5160962 2759439 2401523 497733 489711 8022 3469545 X Part X, Line 2: Management has evaluated the tax positions taken or expected to be taken, if any, on its exempt organization filings, and the likelihood that upon examination those positions would be sustained. Based on the results of this evaluation, management believes there are no uncertain tax positions. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The School publicizes its racially nondiscriminatory policy on its website. The School uses the internet rather than the newspaper or broadcast media because it is a more effective way to contact the public in the area it serves. Schedule E, Part I, Line 6 Preschool receives first things first pre-kindergarden scholarships grants which are administered by the Arizona Department of Education. Also, during the year, the School received a grant from the Arizona Department of Education for the Emergency Assistance to Non-Public Schools (EANS) program. Lastly, the School received a grant from the Arizona Department of Economic Security for the Child Care and Development Block Grant Program. Spring Fundraiser 239648 207375 32273 14440 12106 239648 207375 32273 14440 12106 26546 5727 X 0 0 X X 0 0 0 0 0 0 0 1 0 Stephanie Nardi Head of School 150000 0 0 0 0 0 2769 0 8720 0 161489 0 0 0 Part I, Line 1a Explanation: The School provided a small discretionary spending account. This account is used solely for school purposes, such as school conferences, staff appreciations, and other school related activities. Part I, Line 7 Explanation: The head of school is eligible for a bonus, which is described in the employement contract. The bonus does not depend on any revenue or other financial results of the organization or any other related organization. A The Industrial Development Authority of the City of Phoenix Arizona 522038405 71885PGL5 2019-04-23 7197461 Refinance the costs of acquiring and improving school owned buildings. 0 0 0 A 594836 7197461 7197461 2019 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 Tai LLC Tim and Eric Crown 436466 Bond repayment 0 Schedule L, Part IV, Business transactions involving interested persons: (A) Name of Person: TAI, LLC(B) Relationship between interested person and organization: Tim and Eric Crown are related family members and voting members of the School's board of trustees. In addition, they are major shareholders of TAI, LLC who purchased the tax-exepmt bond.(C) Description of transaction: Repayment of bond to fund school building (principal payments of $130,657 and interest payments of $305,809). Form 990, Part VI, Section A, line 2 Tim and Eric Crown are related family members. Form 990, Part VI, Section A, line 7a The Board of Trustees has the power to elect or appoint one or more members of the governing body. According to the bylaws of Summit School of Ahwatukee, one responsibility of the board of trustees includes electing new trustees and officers of the corporation. Form 990, Part VI, Section B, line 11b Tax return is reviewed by head of school when filed. In addition, tax return is examined by financial analyst who has consulted with the schools administration to accurately respond to each item. Form 990, Part VI, Section B, line 15 Compensation and performance of the organization's top management official is reviewed and approved by the Board of Trustees. All other employees are reviewed by their supervisor with the head of school signing off on all performance ratings. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are not generally published for disclosure to the public, but may be made available upon request.