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Filing year 2024

SUMMIT ACADEMY OIC

Minneapolis, Minnesota·EIN 41-0908458·NTEE B28 · Education·501(c)(3)
Total revenue
$12M
Total assets
$19.9M
Total expenses
$15.2M
Reported officers
31
Mission

TO ASSIST INDIVIDUALS IN DEVELOPING THEIR ABILITY TO EARN AND BECOME CONTRIBUTING CITIZENS IN THEIR COMMUNITY. WE SUPPORT THE DEVELOPMENT OF SELF SUFFICIENCY IN EVERY PERSON REGARDLESS OF BACKGROUND, ECONOMIC STATUS, OR LEVEL OF ABILITY. WE STRENGTHEN THE COMMUNITY BY PREPARING INDIVIDUALS TO ASSUME THEIR ROLES AS WORKERS, CITIZENS, AND PARENTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Minnesota.

CEO
Above 90th percentile
$282k
$301k
Base
$221k
Bonus
$44k
Other
Benefits
$11k
CFO
75th to 90th percentile
$259k
$276k
Base
$189k
Bonus
$38k
Other
Benefits
$23k
COO
75th to 90th percentilevs Education peers nationwide
$223k
$238k
Base
$143k
Bonus
$39k
Other
Benefits
$33k
Cdo
75th to 90th percentilevs Education peers nationwide
$211k
$226k
Base
$152k
Bonus
$39k
Other
Benefits
$11k
Chief Strategic Officer (left 06/2025)
Officer (Unspecified)
$209k
$223k
Base
$156k
Bonus
$33k
Other
Benefits
$13k
Director of Accounting
Highest Compensated Employee
Median to 75th percentile
$171k
$183k
Base
$125k
Bonus
$28k
Other
Benefits
$11k
Director of Data & Eval
Highest Compensated Employee
Median to 75th percentile
$171k
$183k
Base
$124k
Bonus
$28k
Other
Benefits
$13k
Director of IT
Chief Information Officer
25th percentile to medianvs Education peers nationwide
$152k
$162k
Base
$93k
Bonus
$28k
Other
Benefits
$31k
Director of HR (left 11/2024)
Highest Compensated Employee
25th percentile to median
$146k
$156k
Major Gift Officer
Highest Compensated Employee
10th to 25th percentile
$127k
$136k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 21 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SUMMIT ACADEMY OIC equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

$80k
$80k

Up 4%
from 2023

From $273k in 2023 to $282k in 2024.

$273k
2023
$282k
2024
In today's dollarsEst.
Up 1% in real terms$298k to $301k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue fell 33%.

$273k in 2023 to $282k in 2024.
  • Chief Financial Officer pay rose 11% from 2023 to 2024.
  • Chief Operating Officer pay rose 29% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SUMMIT ACADEMY OIC

What does the Chief Executive Officer of SUMMIT ACADEMY OIC earn?

In 2024, the Chief Executive Officer of SUMMIT ACADEMY OIC received $282,412 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SUMMIT ACADEMY OIC compare with similar nonprofits?

Compared with the same role at Education organizations in Minnesota, the 2024 pay of the Chief Executive Officer at SUMMIT ACADEMY OIC falls in the top 10%. In 2024, the highest total compensation at SUMMIT ACADEMY OIC equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are SUMMIT ACADEMY OIC's revenue and expenses?

In 2024, SUMMIT ACADEMY OIC reported $12M in total revenue and $15.2M in total expenses on its IRS Form 990.

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