Nonprofit · EIN 81-2978989
NEW SUMMIT ACADEMY
Also known as NEW SUMMIT CHARTER ACADEMY
Tax-exempt (reinstated) · COLORADO SPGS, CO 80920
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,892,952 | $9,397,765 | $495,187 | $6,584,906 | $10,434,000 | -$3,849,094 |
| June 30, 2024 | 990 | $8,271,163 | $8,820,755 | -$549,592 | $6,606,058 | $10,617,596 | -$4,011,538 |
| June 30, 2023 | 990 | $7,673,089 | $8,254,674 | -$581,585 | $5,313,223 | $8,775,169 | -$3,461,946 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $868,768
- of which government grants
- $843,455
- Program service revenue
- $7,632,523
- Investment income
- $395,596
- Other revenue
- $996,065
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $214,514
- Other salaries and wages
- $3,999,833
- Salaries, compensation and benefits (total)
- $6,082,051
- Professional fundraising fees
- $0
- Legal fees
- $19,324
- Occupancy
- $1,408,896
- Depreciation
- $65,266
- Program services (functional)
- $7,177,172
- Management and general (functional)
- $2,220,593
Balance sheet and other
- Total assets, start of year
- $6,606,058
- Total assets, end of year
- $6,584,906
- Total liabilities, end of year
- $10,434,000
- Net assets, end of year
- -$3,849,094
- Land, buildings and equipment
- $293,377
- Net assets without donor restrictions
- -$4,144,094
- Net assets with donor restrictions
- $295,000
- Gross receipts
- $9,892,952
- Employees
- 109
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kim Mcclelland | Executive Director Officer | 40 | $157,754 | $46,254 |
| Benjamin Partridge | Board Chair Trustee or director, Officer | 10 | $0 | $0 |
| Timmothy Caldwell | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Michelle Ruehl | Director at large Trustee or director | 5 | $0 | $0 |
| Jessica Garcia | Secretary Trustee or director | 5 | $0 | $0 |
| Tina Leone | Director at large Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kim Mcclelland | Executive Director Officer | 40 | $147,949 | $42,780 |
| Eric Davis | Board Chair Trustee or director, Officer | 10 | $0 | $0 |
| Benjamin Partridge | Director at large Trustee or director | 5 | $0 | $0 |
| Timmothy Caldwell | Director at large Trustee or director | 5 | $0 | $0 |
| Michelle Ruehl | Director at large Trustee or director | 5 | $0 | $0 |
| Jessica Garcia | Director at large Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kim Mcclelland | Executive Director Officer | 40 | $133,195 | $38,267 |
| Eric Davis | Board Chair Trustee or director, Officer | 10 | $0 | $0 |
| Benjamin Partridge | Director at large Trustee or director | 5 | $0 | $0 |
| Timmothy Caldwell | Director at large Trustee or director | 5 | $0 | $0 |
| Michelle Ruehl | Director at large Trustee or director | 5 | $0 | $0 |
| Jessica Garcia | Director at large Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7899 LEXINGTON DR, COLORADO SPGS, CO 80920-4228
- In care of
- % NEW SUMMIT ACADEMY
- Principal officer (990 for 2024)
- Maureen Hilborn, 7899 Lexington Drive, Colorado Springs, CO 80920
- Signed the 990
- Maureen Hilborn, Business Manager
- Phone
- (719) 749-4010
- Website
- www.newsummitcharter.org
- Return prepared by
- Hoelting & Company Inc
Mission
To build a safe and educational community that emphasizes a love of learning, and inspires and empowers students to reach New Summits.
Program accomplishments
- To build a safe and educational community that emphasizes a love of learning, and inspires and empowers students to reach New Summits.Expenses $7,177,172 · revenue $8,628,588
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2978989
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $6,584,906
- Income (IRS master file)
- $9,892,952
Revocation and reinstatement
- Exemption revoked
- December 15, 2018
- Posted by the IRS
- March 11, 2019
- Reinstated
- Effective December 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,892,952 | $9,397,765 | $6,584,906 | XML |
| 990 | June 2024 | $8,271,163 | $8,820,755 | $6,606,058 | XML |
| 990 | June 2023 | $7,673,089 | $8,254,674 | $5,313,223 | XML |
| 990 | June 2022 | $6,609,108 | $6,087,308 | $5,053,529 | IRS |
| 990 | July 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2978989).
Questions about NEW SUMMIT ACADEMY
- What is the EIN of NEW SUMMIT ACADEMY?
- The employer identification number (EIN) of NEW SUMMIT ACADEMY is 81-2978989.
- Is NEW SUMMIT ACADEMY tax-exempt?
- Yes. The IRS revoked its exemption on December 15, 2018 and reinstated it effective December 15, 2018.
- Are donations to NEW SUMMIT ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW SUMMIT ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW SUMMIT ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW SUMMIT ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW SUMMIT ACADEMY?
- The 990 for the year ended June 30, 2025 names Maureen Hilborn.
- Who are the officers and directors of NEW SUMMIT ACADEMY?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $157,754 (Kim Mcclelland, Executive Director).
- How much revenue does NEW SUMMIT ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,892,952, expenses of $9,397,765 and total assets of $6,584,906 at year end.
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