Reports & Finances
With the financial support of donors, grants, and other government funding, students at Summit Academy can attend a 20-week training program, all at no out-of-pocket cost to them, where they will learn the fundamental skills they need to start in a trade. With this training, students are able to get a job that pays higher to better support their families.
2023 ANNUAL REPORT
“The Best Social Service Program in the World is a Job”
Individuals, government agencies, and funders provide the means for Summit Academy OIC to grow a skilled and diverse workforce. Thanks to people like you, Summit is “reaching higher” through training opportunities that provide the skills for our graduates to move into good-paying, in-demand jobs in the Twin Cities metro area. Read the FY23 Annual Report to discover how Summit is building up students, families, and our community.
CARES Act
Emergency Assistance for Students with Title IV Eligibility – UPDATED March 6, 2023
On April 10, 2020, Summit Academy OIC signed and returned to the U.S. Department of Education, a Certification and Agreement with the assurance that Summit Academy OIC will use the funds to provide no less than 50% of funds received under Section 18004(a)(1) of the Cares Act to provide Emergency Financial Aid Grants to Students.
Summit Academy OIC was allocated $1,272,165 of which 50% ($636,083) is designated for direct aid to students. Funds were made available to Summit by the Department of Education on April 26, 2020 and began to disburse funds to eligible students. On January 17, 2021, an additional $636,083 was made available for emergency student assistance, bringing the total available for student assistance to $1,272,166. On May 13, 2021 a third award was made in the amount of $1,668,685 bring the Cumulative Award to $2,940,851. Funds for qualified expenditures must be disbursed by 5/13/2023.
As of September 2022, all funds designated for Student Emergency Aid were fully distributed. Below is report of the distributed funds.
Reports
Quarterly CARES Act Reporting – March 31, 2023
Quarterly CARES Act Reporting – December 31, 2022
Quarterly CARES Act Reporting – September 30, 2022
Quarterly CARES Act Reporting – June 30, 2022
Quarterly CARES Act Reporting – March 31, 2022
Quarterly CARES Act Reporting – December 31, 2021
Quarterly CARES Act Reporting – September 30, 2021
Quarterly CARES Act Reporting – June 30, 2021
Quarterly CARES Act Reporting – March 31, 2021
Quarterly CARES Act Reporting – December 31, 2020
Quarterly CARES Act Reporting – September 30, 2020
If you have any questions, call us (612) 377-0150 or email [email protected].
Please contact [email protected] to request graduation rate information.
Summit Academy is proud to be recognized as a four-star charity by Charity Navigator. America’s premier independent charity evaluator, Charity Navigator works to advance a more efficient and responsive philanthropic marketplace by evaluating the financial health of America’s largest charities.