Logo for "SUMMIT ACADEMY OIC"

SUMMIT ACADEMY OIC

SUMMIT ACADEMY OIC

Minneapolis, MN, US
501(c)3
EIN
41-0908458
School
Logo for "SUMMIT ACADEMY OIC"

SUMMIT ACADEMY OIC

Minneapolis, MN, US
501(c)3
EIN
41-0908458
School

Overview

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Est.

1966

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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SUMMIT ACADEMY OIC is a nonprofit organization dedicated to supporting individuals with special needs through education and job training, with a mission to assist them in developing their abilities to earn and contribute to their communities. Operating with a budget of $12.6 million and generating total revenue of $12 million in 2025, the organization benefits from diverse funding sources, with no single funder contributing 50% or more of its revenue. More information can be found on their website at www.saoic.org.

Mission Statement

ASSIST INDIVIDUALS TO DEVELOP THEIR ABILITY TO EARN AND TO BECOME CONTRIBUTORS IN THEIR COMMUNITY.
Revenues

$12M

Expenses

$15.2M

Net Income:
-$3.2M
Assets

$19.9M

Liabilities

$3.6M

Net Assets:
+$16.3M
Operating Budget

$12.6M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

35

Median grant size
$15.3K
Largest grant received
$230.6K
L
Leroy West
Board Member
M
Marc L Carrier
Board Member
J
Jim Torborg
Board Member

Frequently Asked Questions

What is SUMMIT ACADEMY OIC’s budget?
In 2025, SUMMIT ACADEMY OIC reported an annual operating budget of around $12.6 million. More detailed financial information is available to registered users.
What causes does SUMMIT ACADEMY OIC support?
SUMMIT ACADEMY OIC supports work in Job training and Special needs education.
Where does SUMMIT ACADEMY OIC operate?
SUMMIT ACADEMY OIC is headquartered in Minneapolis, MN.
Who funded SUMMIT ACADEMY OIC recently?
In 2025, SUMMIT ACADEMY OIC received grants from THE MINNEAPOLIS FOUNDATION, The Constellation Fund, and TARGET FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant SUMMIT ACADEMY OIC received in 2024?
The largest grant to SUMMIT ACADEMY OIC in 2024 exceeds $231 thousand.
What is SUMMIT ACADEMY OIC’s reliance on government grants?
SUMMIT ACADEMY OIC relied on government grants for more than 25% of their total revenue in 2025.
Overview
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