Overview

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Est.

1966

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

SUMMIT ACADEMY OIC is a nonprofit serving special needs education and job training, with a mission to help individuals develop their ability to earn and contribute to their community. For filing year 2025, it reported an operating budget of $12.6M and total revenue of $12M; its listed top funders include WEM FOUNDATION ($5M, 2023), GREATER TWIN CITIES UNITED WAY ($2.9M, 2022), and THE MINNEAPOLIS FOUNDATION ($2.6M, 2025).

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
39
Median grant size
$20K
Largest grant received
$816.8K
L
Leroy West
Board Member
M
Marc L Carrier
Board Member
J
Jim Torborg
Board Member
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  • 101 funders
  • 109 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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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 CHARITIES AID FOUNDATION AMERICA, THE MINNEAPOLIS FOUNDATION, and The Constellation Fund. 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 $817 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.