EIN 41-0908458

Summit Academy Oic (SAOIC)

IRS 501(c) type
501(c)(3)
Num. employees
183
Year formed
1966
Most recent tax filings
2024-06-01
Description
Summit Academy OIC (SAOIC)is an educational nonprofit located in North Minneapolis that provides no-cost vocational training in the construction and healthcare industries.
Also known as...
Summit Academy Opportunities Industrialization Center
Total revenues
$17,953,025
2024
Total expenses
$15,422,049
2024
Total assets
$21,768,604
2024
Num. employees
183
2024

Program areas at SAOIC

Summit Academy Oic is a non-profit vocational training and educational center based in north minneapolis with 50 years' experience helping twin cities' residents in economically depressed neighborhoods acquire the tools they need to become educated, employed, and self-supporting. Summit Academy is the only community-based vocational training and job-placement program in north minneapolis accredited by the council on occupational education and registered with the Minnesota higher education services office.at Summit Academy Oic, we believe the best social service program in the world is a job. Graduates from our adult education programs are given the opportunity to lift themselves up from a life of poverty and hopelessness onto a path that will lead to a better life for themselves and their families. Where before, these men and women were limited by chronic unemployment, a complete lack of resources, and in many cases, a lack of faith in themselves, they now have the chance to fundamentally change their circumstances by increasing their income and their quality of life. When adults work full-time living-wage jobs, they become role models to young adults and children, families become more stable, and the cycle that has kept their communities poor and crime-ridden is broken. These positive changes continue to ripple out even further into the larger community as fewer social services and incarceration costs are incurred and graduates begin to pay taxes. After receiving training in community healthcare, energy efficiency and green construction, these graduates have gone on to work in jobs that directly improve Minnesota's infrastructure.summit Academy offers adult education and support services that are tailored to the specific needs of the communities we serve. Our career and technology center provides pre-apprentice training in construction (hundred hard hats program), with specific tracks in carpentry and electrical work. The ctc also offers programs in medical administrative assistant , information technology careers and in 2024 we initiated training in financial services. In addition to the post secondary offerings Summit offers a contextualized ged program that provides individuals without a high school diploma the opportunity to earn a ged in conjunction with attainting an advanced certificate in the aforementioned carrers. All career tracks are all supported with services that develop students' life skills and assist in job seeking, placement, and retention.in this fiscal year (july 1, 2023- june 30, 2024), Summit's career and technology center served 954 adult students, and 559 obtained their ged or graduated with a vocational training certificate of completion. Over that time Summit placed 331 adults in employment. Job earnings for all programs are at a median of $21 per hour.

Who funds Summit Academy Oic (SAOIC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
WEM FoundationGeneral$4,150,000
The James M Stanton FoundationHuman Services$625,000
National Basketball Association FoundationIn Support of Programs Enhancing Economic Empowerment in Black Communities.$600,000
...and 52 more grants received totalling $8,490,313

Personnel at SAOIC

NameTitleCompensation
Leroy WestPresident and Chief Executive Officer$240,715
Louis J KingChief Executive Officer$324,270
Hope PattersonChief Operating Officer$25,867
Marc CarrierChief Financial Officer$198,489
Miriam WilliamsChief Administrative Officer$174,032
...and 21 more key personnel

Financials for SAOIC

RevenuesFYE 06/2024
Total grants, contributions, etc.$13,133,588
Program services$4,760,676
Investment income and dividends$23,528
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-171,417
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-121,284
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$327,934
Total revenues$17,953,025

Form 990s for SAOIC

Fiscal year endingDate received by IRSFormPDF link
2024-062024-10-01990View PDF
2023-062023-11-03990View PDF
2022-062022-12-07990View PDF
2021-062021-12-03990View PDF
2020-062021-02-24990View PDF
...and 10 more Form 990s
Data update history
November 24, 2024
Posted financials
Added Form 990 for fiscal year 2024
October 2, 2024
Updated personnel
Identified 1 new personnel
September 21, 2024
Received grants
Identified 21 new grant, including a grant for $4,150,000 from WEM Foundation
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $256,000 from The Minneapolis Foundation
February 3, 2024
Received grants
Identified 18 new grant, including a grant for $250,000 from Prospect Creek Foundation
Nonprofit Types
Employment organizationsSchoolsCharities
Issues
HealthEducationHuman servicesDiseases and disordersJobs and employment
Characteristics
Political advocacyLobbyingFundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
935 Olson Memorial Hwy
Minneapolis, MN 55405
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
saoic.org/ 
Phone
(612) 377-0150
Facebook page
SummitAcademyOIC 
Twitter profile
@saoic 
IRS details
EIN
41-0908458
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1966
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B41: Community College, Jr. College
NAICS code, primary
61151: Technical and Trade Schools
Parent/child status
Independent
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