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CHARITY REVIEW
Issued: July 2026 Expires: July 2028

Summit Academy

Accredited Charity
Accredited Charity

Meets Standards
(502) 244-7090
11508 Main Street
Louisville, KY, 40243
https://www.summit-academy.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Summit Academy meets the 20 Standards for Charity Accountability.

The BBB has determined that Summit  Academy's fundraising expense ratio is reasonable relative to compliance with Standard 9.

Stated Purpose:
The mission of Summit Academy of Greater Louisville is to provide a transformative educational experience for students who learn differently by cultivating each students academic, social, and emotional success in a vibrant and compassionate environment.

Year, State Incorporated:
1992, KY

Summit is an independent, nonprofit school designed specifically for students who learn differently. Margaret Thornton and Rosemary Middleton, co-founders of Summit Academy, believed that a conventional school setting may not meet the needs of every child.  Summit Academy was opened in 1992 with 21 students and 5 teachers and now serves approximately 125 students each year, Pre-K to seniors in high school. It provides a complete curriculum that includes reading, writing, math, science, social studies, art, music, technology, and PE. Student Service Plans are developed in order to track, analyze and reflect upon student learning goals, accommodations, and modifications.  At Summit, 1 in 2 students has an autism spectrum or ADHD diagnosis.

For the year ended June 30, 2025, Summit Academy's program expenses were:

Program services $2,083,181
Total Program Expenses $2,083,181

Chief Executive
Stephanie Cifuentes, Head of School

Chair of the Board
Michelle Coomes

Chair's Profession / Business Affiliation
Sr Director, HR Operations/GE Appliances

Board Size
14

Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Cause-related marketing (affinity credit cards, consumer product sales, etc.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Summit Academy's audited financial statements for the year ended June 30, 2025.

Source of Funds
Tuition and fee income, net $1,997,063
Grants $203,935
Special event revenue $154,211
Ancillary programs $105,194
Investment return, net $87,121
Contributions and support $59,355
Other income $38,445
Total Income $2,645,324

Programs: 83% Fundraising: 9% Administrative: 9%

Total Income $2,645,324
Total expenses: $2,517,215
  Program expenses $2,083,181
  Fundraising expenses $215,374
  Administrative expenses $218,660
  Other expenses $0
Income in Excess of Expenses $128,109
Beginning Net Assets $2,261,253
Other Changes In Net Assets $0
Ending Net Assets $2,389,362
Total Liabilities $775,922
Total Assets $3,165,284

Ending net assets as reported above include $$2,194,703 without donor restrictions and $194,659 with donor restrictions.

Total assets as reported above include $1,660,796 in fixed assets, net.

 

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB serving Greater Kentucky and South Central Indiana