SUMMIT EDUCATIONAL ASSOCIATION INC

EIN: 391763179 501(c)(3)

MILWAUKEE, WI

Total Revenue
$479,195
Total Expenses
$558,677
Total Assets
$578,428
Net Assets
$356,611
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
WI
Principal Officer
MATTHEW SMYCZEK
Phone
4146721786
Tax Period
2024-01-01 to 2024-12-31

SUMMIT EDUCATIONAL ASSOCIATION INC, founded in 1993, is a small nonprofit that reported $479K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $559K exceeded revenue, resulting in a 17% operating deficit.

Mission

SUMMIT FOSTERS RELATIONSHIPS BETWEEN DEDICATED MENTORS, PARENTS AND THEIR CHILDREN TO ENCOURAGE CHILDREN'S INTELLECTUAL, CULTURAL AND MORAL GROWTH.

Program Service Accomplishments

Program 1
Expenses: $504,937 Revenue: $40,095

SERVED OVER 250 STUDENTS OF LOW-INCOME HOUSEHOLDS. ON AVERAGE, STUDENTS INCREASED THEIR GRADE LEVEL EQUIVALENCY BY MORE THAN 1.5 YEARS EACH YEAR THEY PARTICIPATED IN SUMMIT, INCLUDING THE...

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SERVED OVER 250 STUDENTS OF LOW-INCOME HOUSEHOLDS. ON AVERAGE, STUDENTS INCREASED THEIR GRADE LEVEL EQUIVALENCY BY MORE THAN 1.5 YEARS EACH YEAR THEY PARTICIPATED IN SUMMIT, INCLUDING THE SUMMER.PARENT SURVEYS SHOW THAT OVER 85% OF STUDENTS ARE SHOWING NOTICEABLE IMPROVEMENT IN THEIR ATTITUDE AND EFFORT AT SCHOOL.PARENT SURVEYS SHOW THAT OVER 80% OF STUDENTS ARE SHOWING NOTICEABLE IMPROVEMENT IN THEIR RESPECT, BEHAVIOR AND SPIRIT OF SERVICE AT HOME.STUDENTS IN SUMMER PROGRAM READ AND SUCCESSFULLY COMPLETED ORAL REPORTS AND QUIZZES ON OVER 150,000 PAGES OF LITERATURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $379,686
Program Service Revenue $37,970
Investment Income $578
Other Revenue $60,961
TOTAL REVENUE $479,195

Expense Breakdown

Grants Paid $0
Salaries & Benefits $321,903
Fundraising Expenses $22,086
Program Expenses $504,937
Other Expenses $236,774
TOTAL EXPENSES $558,677

Year-over-Year Comparison

2024 2023 Change
Revenue $479,195 $425,445 +0.1%
Expenses $558,677 $585,091 0.0%
Net Income $-79,482 $-159,646 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
41
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$57,858
Total Directors
14
$57,858
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LLOYD FRICK CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHN JENSEN TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT BOEHLER BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN CARR BOARD MEMBER 1.00
Director
$0 $0 $0
HECTOR COLON BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT A GUNDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS MEHRING BOARD MEMBER 1.00
Director
$0 $0 $0
JEANNE MEIER BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH W PRESBERG MD BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF KNIER BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF REGNER BOARD MEMBER 1.00
Director
$0 $0 $0
ED SCHERR BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW SMYCZEK EXECUTIVE DIRECTOR 40.00
Officer Director
$57,858 $0 $57,858
PAUL SMYCZEK BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $479,195 $558,677 $578,428 $-79,482
2023 $425,445 $585,091 $484,016 $-159,646
2022 $411,045 $438,594 $673,534 $-27,549
2021 $531,793 $417,538 $641,907 $114,255
2020 $681,903 $365,243 $546,637 $316,660
2019 $538,082 $476,446 $223,073 $61,636
2019 $572,994 $488,663 $258,396 $84,331
2018 $556,789 $535,710 $159,957 $21,079
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