2025-05-14T08:26:57-05:00 2024-06-30 341523030 BOBER MARKEY FEDOROVICH & COMPANY 3421 RIDGEWOOD ROAD SUITE 300 AKRON OH 44333 990 2023-07-01 341843220 SUMMIT EDUCATION INITIATIVE SUMM 3305358833 240 CARROLL STREET 215 AKRON OH 44325 DAVID W JAMES EXECUTIVE DIRECTOR 3305358833 2025-05-13 1 0 JESSICA L TEPUS P01067325 3307629785 2025-05-12 2023 2025-03-06 01:10:19Z DAVID W JAMES 240 CARROLL STREET 215 AKRON OH 44325 1919481 0 X WWW.SEISUMMIT.ORG X 1996 OH OUR MISSION IS TO SIGNIFICANTLY INCREASE THE PROPORTION OF STUDENTS WHO GRADUATE FROM HIGH SCHOOL READY FOR SUCCESS. 23 23 14 250 0 0 1085360 1271443 18889 231850 28752 69273 53744 10206 1186745 1582772 0 0 0 0 1023092 1098868 0 0 146879 667928 503033 1691020 1601901 -504275 -19129 2003128 2104978 192356 245978 1810772 1859000 X OUR VISION IS TO DRAMATICALLY IMPROVE INDIVIDUAL AND REGIONAL PROSPERITY THROUGH INCREASED EDUCATIONAL ATTAINMENT. 0 0 1100170 231850 ACADEMIC READINESS: THE FIRST PRIORITY IS ENSURING THESE YOUNG PEOPLE ARE READY TO TAKE THE ACT, FOR A SECOND TIME, IN THE FALL OF THEIR SENIOR YEAR. AN INTENSIVE TWO-WEEK SUMMER ACADEMY PROVIDES THEM WITH MATH AND READING SKILL DEVELOPMENT AND USEFUL TEST-TAKING STRATEGIES. A FOLLOW-UP EVENT, MATHPALOOZA, REVIEWS KEY MATH SKILLS TO ENSURE STUDENTS HAVE MASTERED THE CONTENT.ASPIRATION BUILDING: THE GAP IS MORE THAN ACADEMIC; IT IS ALSO SOCIAL AND CULTURAL. MENTORS HELP REMOVE BARRIERS AND SHEPHERD THESE YOUNG PEOPLE FROM THEIR JUNIOR YEAR OF HIGH SCHOOL THROUGH ENROLLMENT IN A POSTSECONDARY INSTITUTION.ESTIMATES OF STUDENTS IMPACTED:PRE-SCHOOL AND KINDERGARTEN READINESS (ALL STUDENTS WHO PARTICIPATED IN THE TRANSITION SKILLS SUMMARY IN PRESCHOOL, COMBINED WITH STUDENTS ENROLLED IN KINDERGARTEN): 6,679THIRD GRADE READING (STUDENTS ENROLLED IN GRADES 1 THROUGH 3): 14,3948TH GRADE MATH (STUDENTS ENROLLED IN GRADES 5 THROUGH 8, OUR TARGET GRADE LEVELS TO PREPARE FOR 8TH GRADE MATH): 19,492NINTH GRADE SUCCESS + COLLEGE AND CAREER READINESS (STUDENTS ENROLLED IN GRADES 9-12, THE POPULATION SERVED THROUGH THE READY HIGH SCHOOL NETWORK): 19,251COLLEGE MATRICULATION AND PERSISTENCE (COUNT OF STUDENTS FROM THE CLASSES OF 2022AND 2023WHOM WE FOLLOWED THROUGH THE NATIONAL STUDENT CLEARINGHOUSE IN ORDER TO MEASURE MATRICULATION AND PERSISTENCE): 7059 1100170 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KAYE M ROWE 3305358833 240 CARROLL STREET SUITE 215 AKRON OH 44325 ANDREW DUFF CHAIR 1.00 X 0 0 0 ANGELA MOSES BOARD MEMBER 1.00 X 0 0 0 BRADLEY VIRGIN BOARD MEMBER 11.00 X 0 0 0 EVAN SCOCOS TREASURER 1.00 X 0 0 0 ILENE SHAPIRO BOARD MEMBER 1.00 X 0 0 0 JARED PENNINGTON PHD PA-C BOARD MEMBER 1.00 X 0 0 0 JASON WINKLER BOARD MEMBER 1.00 X 0 0 0 JENNIFER DALE FOX BOARD MEMBER 1.00 X 0 0 0 JOHN DEARBORN BOARD MEMBER 1.00 X 0 0 0 JOHN WIENCEK PHD SECRETARY 1.00 X 0 0 0 JOSEPH IACANO BOARD MEMBER 1.00 X 0 0 0 KIMESHA FLONNOY BOARD MEMBER 1.00 X 0 0 0 LADA GIBSON-SHREVE PHD VICE-CHAIR 1.00 X 0 0 0 MARK WULKAN MD BOARD MEMBER 1.00 X 0 0 0 MICHAEL TEFS EDD BOARD MEMBER 1.00 X 0 0 0 PAM HICKSON-STEVENSON BOARD MEMBER 1.00 X 0 0 0 SAMUEL PIERRE-LOUIS BOARD MEMBER 1.00 X 0 0 0 SHANA LEE BOARD MEMBER 1.00 X 0 0 0 STEVE MILLARD BOARD MEMBER 1.00 X 0 0 0 STEVEN DIMENGO BOARD MEMBER 1.00 X 0 0 0 TIA RAMLOW BOARD MEMBER 1.00 X 0 0 0 VINCENT JEFFRIES EDD BOARD MEMBER 1.00 X 0 0 0 WM GLENN LEPPO BOARD MEMBER 1.00 X 0 0 0 DAVID W JAMES EXECUTIVE DIRECTOR 40.00 X 180000 0 54087 KAYE ROWE SENIOR DIRECTOR OF FINANCE 40.00 X 84000 0 6000 264000 0 60087 1 0 1 0 0 106049 1165394 1271443 CONTRACTED SERVICES 611710 231850 231850 231850 40909 40909 365073 336709 28364 28364 28364 MISCELLANEOUS INCOME 900099 10206 10206 10206 1582772 231850 0 79479 337014 223937 71207 41870 493226 327736 104213 61277 42901 27028 11154 4719 157919 99489 41059 17371 67808 42720 17630 7458 35000 17500 17500 1154 577 577 26948 13474 13474 12172 6086 6086 14386 7193 7193 33642 21867 11775 12255 9805 1837 613 82176 41088 41088 699 559 105 35 4633 4633 111 111 7383 5907 1107 369 10658 10103 555 PROGRAM SUPPLIES AND MA 194422 194422 MISC 33093 17337 15115 641 PROFESSIONAL DEVELOPMEN 16199 16199 EQUIPMENT RENTALS 11713 9371 1756 586 6389 3139 3085 165 1601901 1100170 354852 146879 190067 481076 248261 224020 91900 64845 129959 122001 9061 7958 1402056 1221213 61783 105866 2003128 2104978 192356 204222 0 41756 192356 245978 X 1663897 1309858 146875 549142 1810772 1859000 2003128 2104978 -19129 61310 6047 0 X 0 1 X 1 0 X 1824024 1934199 1557269 1085360 1271443 7672295 1824024 1934199 1557269 1085360 1271443 7672295 1852802 5819493 34297 35995 56599 43941 40909 211741 65787 3966 10518 53768 10206 144245 8028281 325662 0.72490 0.76220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12227 9153 3074 60375 55491 4884 57357 57357 0 7958 FIXED INCOME - CORPORATE BONDS 97398 F FIXED INCOME - TREASURY BONDS 505065 F MUTUAL FUNDS - BLEND 105975 F MUTUAL FUNDS - FIXED INCOME 139817 F MUTUAL FUNDS - GROWTH 139180 F MUTUAL FUNDS - VALUE 233778 F 1221213 BENEFICIAL INTEREST IN PERPETUAL TRUST 64110 RIGHT OF USE ASSET 41756 105866 LEASES 41756 41756 X 1679262 61310 35180 96490 1582772 0 1582772 1637081 35180 35180 1601901 0 1601901 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION, THE ORGANIZATION IS REQUIRED TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITION TAKEN, ASSESS AND QUANTIFY THOSE POSITIONS AND RECORD RESERVES. AS OF AND FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, THE ORGANIZATION HAS IDENTIFIED NO UNCERTAIN TAX POSITIONS. X X X 0 0 0 0 0 0 0 0 0 DAVID W JAMES EXECUTIVE DIRECTOR 180000 0 0 0 0 0 0 0 54087 0 234087 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE DIRECTOR OF FINANCE FOR REVIEW. SHE IN TURN DISTRIBUTES THE DRAFT 990 TO BOTH THE EXECUTIVE AND FINANCE COMMITTEES FOR THEIR REVIEW, COMMENTS, ETC. UPON APPROVAL BY BOTH COMMITTEES, THE DRAFT 990 WAS THEN DISTRIBUTED TO THE REST OF THE BOARD FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS COMPLETE THE FORM ANNUALLY AT THE SEPTEMBER MEETING AND THE RESPONSES ARE REVIEWED BY THE BOARD CHAIR. THE EXECUTIVE COMMITTEE REVIEWS THE POLICY EVERY THREE YEARS. THIS WAS LAST COMPLETED IN THE FALL OF 2024. SINCE BEING EMPLOYED AT SEI (FIFTEEN YEARS,) THERE HAVE BEEN NO CONFLICTS PRESENTED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HANDLE THE ANNUAL REVIEW AND DETERMINATION OF COMPENSATION FOR THE EXECUTIVE DIRECTOR. ALL OTHER EMPLOYEES ARE REVIEWED BY THE EXECUTIVE DIRECTOR. HE IS SOLELY RESPONSIBLE FOR THE DETERMINATION OF COMPENSATION FOR PERSONNEL. A SUMMARY IS PRESENTED TO THE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION POSTS SOME FINANCIAL INFORMATION (ANNUAL REPORTS) AND THE 990 RETURN ON THEIR WEBSITE. OTHER PIECES OF INFORMATION MAY BE AVAILABLE UPON REQUEST.