Federal ID# 410908458
Summit Academy OIC
-
- Twin Cities Opportunities Industrialization Center, Inc.
- Summit Academy Opportunities Industrialization Center
General Information
| Organization Type | CHARITY |
| Contact Person | Thomas Rooney |
| Address | 935 Olson Memorial Highway, Minneapolis, MN 55405 |
| Phone Number | (612) 278-7362 |
| Purpose or Description | To prepare the educ & economic disadvantage for employment through vocational skills training, literacy, basic ed, counseling & job placement. |
| Status | Active |
| Extension | None |
Financial Information
For Fiscal Year Ending 6/30/2025
INCOME
| Direct Public Support | $4,298,747 |
| Government Grants | + $3,185,656 |
| Other Revenue | + $4,496,655 |
| Total Revenue | $11,981,058 |
EXPENSES
| Amount Spent for Program or Charitable Purposes | $11,798,905 |
| Management/General Expense | + $2,049,408 |
| Fundraising Expense | + $1,339,441 |
| Total Expenses | $15,187,754 |
Excess/Deficit
| Total Revenue | $11,981,058 |
| Total Expenses | - $15,187,754 |
| Excess/Deficit | $-3,206,696 |
End of Year Fund Bal/Net Worth
| Total Assets | $19,877,903 |
| Total Liabilities | - $3,595,152 |
| End of Year Fund Bal/Net Worth | $16,282,751 |
