Summit Classical Academy Inc

EIN: 843953582 501(c)(3) Education

Broomfield, CO

Total Revenue
$987,063
Total Expenses
$984,391
Total Assets
$447,150
Net Assets
$430,356
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CO
Principal Officer
Jay Modglin
Phone
7206339300
Tax Period
2023-07-01 to 2024-06-30

Summit Classical Academy Inc, founded in 2019, is a small nonprofit in the Education sector that reported $987K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

We will build community and serve our community by partnering with parents in the education of their children, striving to develop all aspects of the student's potential. We will provide a classical Christian education, a peaceful and inspiring environment, and a high standard of expectations for our students, teachers, and leaders, all for the glory of God. Vision: We aim to produce students who learn continually, listen intently, articulate precisely, love rightly, contend gracefully, and live purposefully for the glory of God and the good of others.

Program Service Accomplishments

Program 1
Expenses: $818,098 Revenue: $253,792

Summit Classical Academy is a classical Christian school serving the North Denver areas of Colorado. We will build community and serve our community by partnering with parents in the education of...

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Summit Classical Academy is a classical Christian school serving the North Denver areas of Colorado. We will build community and serve our community by partnering with parents in the education of their children through Classical Christian EducationClassical EducationThe classical method is tried and true, with its origins dating back to the Greeks. The Romans, recognizing that the Greeks were superior in educating their citizens, adopted this style of teaching for their young Romans. Of course, the modern version of classical education has changed a bit, but the roots reach deep into the Greco-Roman tradition.Classical education keeps in step with the natural developmental stages of children and consists of three phases in the K-12 years, all of which make up the Trivium. The Trivium includes the grammar stage, logic stage, and the rhetoric stage. These stages coincide with the way children learn, so the results of the education not only fit the natural bent of the child, it also provides an environment where students can realize the greatest successes in learning. This educational model fits beautifully with how children grow.Classical Christian education develops children into students who learn continually, listen intently, articulate precisely, love rightly, contend gracefully, and live purposefully for the glory of God and the good of others.Christian EducationThe truth of Scripture, and the very nature of God, is the basis of all knowledge and governs all that is taught. As Scripture is the ultimate authority for our lives, students and teachers alike should live in accordance to its teaching and use it to test all knowledge and experience. It is understood that there is a Truth and God is the revealer of this truth. Whether it is the Pythagorean Theorem, the second law of thermodynamics, Latin conjunctions, or a Shakespearian sonnet, all truth, goodness, and beauty has its origination in God. Since God is the creator of all things, and all knowledge is interconnected, all subjects should be taught as part of an integrated whole.

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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 (2023)

Revenue Breakdown

Contributions & Grants $714,044
Program Service Revenue $253,792
Investment Income $10,744
Other Revenue $8,483
TOTAL REVENUE $987,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $584,937
Fundraising Expenses $38,494
Program Expenses $818,098
Other Expenses $399,454
TOTAL EXPENSES $984,391

Year-over-Year Comparison

2023 2022 Change
Revenue $987,063 $1,050,979 -0.1%
Expenses $984,391 $838,573 +0.2%
Net Income $2,672 $212,406 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jay Modglin Chairman 2.00
Officer Director
$0 $0 $0
Eric Guerrero Vice-Chairman 2.00
Officer Director
$0 $0 $0
Brigette Modglin Member at Large 2.00
Director
$0 $0 $0
Mike Fall Treasurer 2.00
Director
$0 $0 $0
Mark Wrapp Member at Large 2.00
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
2025 No data No data No data No data
2024 $987,063 $984,391 $447,150 $2,672
2023 $1,050,979 $838,573 $432,790 $212,406
2022 $648,123 $524,455 $210,176 $123,668
2021 $354,981 $333,767 $58,863 $21,214
2020 $83,608 $50,450 $33,158 $33,158
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