EIN 74-2341399

The Summit Foundation

Name: The Summit Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Breckenridge

State

Colorado

Year formed

1984

Most recent tax filings

2023-09-01

NTEE code, primary

T31: Community Foundations

Description

The Summit Foundation supports qualified tax-exempt organizations and provides strong leadership to address community needs. For over 35 years, it has been recognized as the leading philanthropic organization in Summit County. The foundation provides grants, support services, and scholarships to help students achieve their educational dreams while also providing local leadership.

Total revenues

$7,224,766

2023

Total expenses

$5,163,813

2023

Total assets

$21,789,741

2023

Num. employees

2023

Program areas at The Summit Foundation

We provide grants and support services for qualified tax-exempt organizations and scholarships to help hard-working students achieve their dreams of college or other post-secondary education. As The local community Foundation, we also provide leadership and seed funding for special initiatives to address critical community issues.

Grants made by The Summit Foundation

Grantee	Grant description	Grant year	Amount
Family and Intercultural Resource Center	General Operating	2023-09	$410,833
Summit Community Care Clinic	General Operating	2023-09	$233,000
Colorado Mountain College Foundation	Program	2023-09	$154,000
...and 78 more grants made totalling $2,459,508

Who funds The Summit Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Morgan Stanley Global Impact Funding Trust	2022-12	Unrestricted General Support	$138,671
Colorado Gives Foundation	2022-12	General Purpose	$106,798
Fidelity Investments Charitable Gift Fund	2023-06	For Grant Recipient's Exempt Purposes	$93,550
...and 45 more grants received totalling $892,463

Personnel at The Summit Foundation

Name	Title	Compensation	Date of data
Jeanne Bistranin	Executive Director	$165,211	2024-09-25
Chad Covell	Finance Director	$0	2024-09-25
Kristin Williams	Development Director		2024-09-25
Taryn Power	Director of Development		2022-03-10
Brian Balok	Marketing and Events Manager		2022-03-10
...and 13 more key personnel

Financials for The Summit Foundation

Revenues	FYE 09/2023	FYE 09/2022	% Change
Total grants, contributions, etc.	$6,778,669	$4,537,571	49.4%
Program services	$0	$0	-
Investment income and dividends	$415,050	$402,947	3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$31,047	$-1,039	3088.2%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$7,224,766	$4,939,479	46.3%

Form 990s for The Summit Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-09	2024-04-24	990	View PDF
2022-09	2023-05-03	990	View PDF
2021-09	2022-04-13	990	View PDF
2020-09	2021-07-12	990	View PDF
2019-09	2020-09-23	990	View PDF
...and 9 more Form 990s

Organizations like The Summit Foundation

Organization	Type	Location	Revenue
Brown County Community Foundation	501(c)(3)	Nashville, IN	$2,707,577
Johnson County Community Foundation	501(c)(3)	Franklin, IN	$5,075,535
Northern Chautauqua Community Foundation	501(c)(3)	Dunkirk, NY	$2,694,740
Community Foundation of West Texas	501(c)(3)	Lubbock, TX	$7,878,183
Grand Rapids Community Foundation	501(c)(3)	Grand Rapids, MI	$8,730,097
Community Foundation for South Central New York (CFSCNY)	501(c)(3)	Johnson City, NY	$3,449,622
Foundation for Appalachian Ohio	501(c)(3)	Nelsonville, OH	$29,031,055
Chautauqua Region Community Foundation	501(c)(3)	Jamestown, NY	$12,003,854
Hendricks County Community Foundation	501(c)(3)	Avon, IN	$3,500,352
Alamance Community Foundation	501(c)(3)	Burlington, NC	$2,369,564

Data update history

August 25, 2024

Received grants

Identified 15 new grant, including a grant for $60,000 from Rush Family Charitable Trust

May 21, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 20, 2024

Updated personnel

Identified 2 new personnel

May 18, 2024

Received grants

Identified 4 new grant, including a grant for $17,700 from Daugustine Foundation

April 1, 2024

Updated personnel

Identified 7 new personnel

Nonprofit Types

Grantmaking organizationsCommunity foundationsCharities

Issues

EducationCommunity improvement

Characteristics

Operates donor advised fundsProvides grantsFundraising eventsPeer-to-peer fundraisingState / local levelEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations

General information

Address: PO Box 4000; Breckenridge, CO 80424
County: Summit County, CO
Website URL: summitfoundation.org/
Phone: (970) 453-5970
Facebook page: TheSummitFoundation
Twitter profile: @thesummitfdtn

IRS details

EIN: 74-2341399
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1984
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T31: Community Foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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The Summit Foundation

Program areas at The Summit Foundation

Grants made by The Summit Foundation

Who funds The Summit Foundation

Personnel at The Summit Foundation

Financials for The Summit Foundation

Form 990s for The Summit Foundation

Organizations like The Summit Foundation

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