2022-05-16T07:28:31-05:00 2021-12-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2021-01-01 730792333 Summit Ministries Inc SUMM 7196859103 PO Box 207 Manitou Springs CO 80829 Dr Jeff Myers President 7196859103 2022-05-16 1 Dr Jeff Myers 999009999 Ted R Batson Jr P00721951 5055022746 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Dr Jeff Myers PO Box 207 Manitou Springs CO 80829 14118164 0 X www.summit.org X 1970 CO Equip & support rising generations to embrace God's truth & champion a biblical worldview. 9 8 194 9 53781 0 5175468 8083163 833801 2787276 7368 91725 885312 1396288 6901949 12358452 200050 482846 0 0 3763015 4298280 0 0 1111798 2764239 4451477 6727304 9232603 174645 3125849 12513563 15859073 458893 742010 12054670 15117063 X Summit Ministries is an educational Christian ministry with the purpose of equipping tomorrow's servant leaders to analyze competing worldviews and champion the Christian faith, inspiring each one to love God with all his heart, soul, mind, and strength. 0 0 3286469 394311 2256268 Summit Youth Ministries Summer Programs - Educate students ages 16-25 in Christian worldview thinking, preparing them for the battle of ideas that they will face in college and in culture. The two-week in person conferences feature over 60 hours and one-week virtual (through ZOOM) conferences feature over 30 hours of instruction in worldview analysis, Christian apologetics, and leadership from a faculty of world-class instructors. 1430670 1364357 Curriculum development and sales - published materials to educate students and adults in Christian worldview thinking, preparing them for the battle of ideas that they will face in college and in culture. 701108 88535 479105 Summit Semester Program - A 12-week Christ-centered academic retreat, located near Pagosa Springs, Colorado, designed for post high school graduates. The retreat prepares young Christian thinkers to address the dichotomy separating faith from reason. Major courses include History of Christian Thought, Christianity and Politics, and English Literature. Minor courses include Philosophy, Art, Theology & the Church, Cultural Apologetics, and Bible Survey. 2028336 51903 Additional Programs - Alumni Network, consulting, speaking and teaching 2028336 51903 7446583 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 114 0 1 194 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO MA NY SC WA AL AK AR CA CT FL GA HI IL KS KY ME MD MI MN MS NH NJ NM NC ND OH OK OR PA RI TN TX UT VA WV WI DC X Jeff Wood 7196859103 PO Box 207 Manitou Springs CO 80829 Jeff Myers President 40.00 X X 287987 0 62814 Julie H Ambler Chair Person 2.00 X X 0 0 0 Merida Brooks Secretary 2.00 X X 0 0 0 Steve Austin Chair of Finance Committee 2.00 X X 0 0 0 Melissa Neugebauer Director 1.00 X 0 0 0 Drew Ryun Director 1.00 X 0 0 0 Jeffrey Ventrella Director 1.00 X 0 0 0 Derek McCoy Director 1.00 X 0 0 0 Mikkel Mandt Director 1.00 X 0 0 0 Mark Brezina Director (part year) 1.00 X 0 0 0 Jeff Wood CFO and Treasurer 40.00 X 178565 0 29108 Aaron Atwood VP Advancement 40.00 X 187567 0 33462 Jason Graham VP Publishing 40.00 X 118607 0 30216 Joseph Amandee IT Director 40.00 X 112189 0 30300 884915 0 185900 5 0 1 0 Westfall Group Inc PO Box 81712 Atlanta GA 30366 Event coordinator 279736 Global Procument Solutions 5421 Copper Dr Colorado Springs CO 80918 Printing and shipping 236529 Brewer Direct Inc 800 Royal Oaks Dr Ste 102 Monrovia CA 91016 Advertising 223823 Four Seasons Resort Scottsdale 10600 East Crescent Moon Drive Scottsdale AZ 85262 Sponsor Facility 192248 The Parable Group PO Box 3317 San Luis Obispo CA 93403 Advertising 162390 7 1471110 783878 5828175 538823 8083163 Summit Conference Reg. 611600 2256268 2256268 Summit Semester-Tuitio 611600 479105 479105 51903 51903 2787276 52291 52291 34873 34873 176045 442641 -266596 -266596 -266596 112619 3050 76235 0 36384 3050 39434 39434 0 1471110 695887 -695887 -695887 1909306 544949 1364357 1364357 Employee Retention Cre 900099 881301 881301 Snow Wolf Lodge 721110 53781 53781 24459 24459 959541 12358452 4151633 53781 69875 482846 482846 545335 269628 242004 33703 2500 2500 2820555 2212563 182850 425142 85727 65147 5509 15071 589149 432391 60321 96437 255014 181366 34095 39553 22161 10912 10770 479 26120 13864 2393 9863 13569 13569 455865 238866 42364 174635 572940 481818 189 90933 38517 24421 7096 7000 362385 310337 13565 38483 310848 275742 19381 15725 238028 164323 1518 72187 1535746 1534702 129 915 357814 322740 20153 14921 51837 43206 6563 2068 Curriculum Development 193283 193283 Postage, printing, ship 107318 41062 2684 63572 165046 144866 9069 11111 9232603 7446583 674222 1111798 X 695888 375780 0 320109 852105 1993969 658575 1124983 1373301 40760 35210 261117 227152 392878 287017 11926307 3535542 8256644 8390765 1561360 1968732 229200 191000 260924 266944 12513563 15859073 386940 616641 54286 125369 17667 0 458893 742010 X 11229420 13739577 825250 1377486 12054670 15117063 12513563 15859073 3125849 -63456 0 X 0 1 X 1 0 X 3482852 3573700 4526356 5175468 8083163 24841539 4410939 4839854 4266855 2204895 4696582 20419125 7893791 8413554 8793211 7380363 12779745 45260664 60000 50000 166050 184975 77900 538925 0 60000 50000 166050 184975 77900 538925 44721739 263229 249046 253183 292077 263209 1320744 263229 249046 253183 292077 263209 1320744 608062 31976 905760 1545798 8157020 8662600 9654456 7704416 13948714 48127206 0.92920 0.89720 0.02740 0.03040 X Schedule A, Part III, Line 12, Explanation of Other Income: Gain on insurance proceeds - 2019 Amount: $ 608,062. Miscellaneous income - 2020 Amount: $ 31,976. 2021 Amount: $ 24,459. Employee Retention Credit - 2021 Amount: $ 881,301. Schedule A, Part III: The organization is a public charity under section 509(a)(2) and completes Schedule A (Form 990), Part III. The organization has analyzed Schedule A (Form 990), Part II and established that it meets the 33 1/3% public support requirements under sections 509(a)(1) and 170(b)(1)(A)(vi), thus it qualifies to use the first listed special rule for Schedule B (Form 990) reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 559645 91513 651158 549859 9786 559645 471666 78193 549859 492659 -20993 471666 502644 55015 65000 492659 1.00000 0 0 800501 800501 9618296 2783148 6835148 899079 532626 366453 608431 219768 388663 8390765 13482058 -63456 1683477 1620021 11862037 13569 482846 496415 12358452 10419665 1683477 1683477 8736188 13569 482846 496415 9232603 Part V, Line 4: The purpose of the endowment fund is to fund scholarships. Income in excess of corpus plus 10% can be distributed for scholarships. Part XI, Line 2d - Other Adjustments: Rental Expenses 442,641. Cost of Goods Sold 544,949. Fundraising Events 695,887. Part XI, Line 4b - Other Adjustments: Scholarships and Conference Discounts 482,846. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 544,949. Rental Expenses 442,641. Fundraising Events 695,887. Part XII, Line 4b - Other Adjustments: Scholarships and Conference Discounts 482,846. Vision Weekend 1386060 1386060 112008 145240 25750 351698 Marriage Event 85050 85050 14021 13964 33206 1471110 1471110 126029 159204 25750 384904 695887 -695887 1 Conference Discounts 1049 270760 Scholarship Assistance 216 212086 Part I, Line 2: Scholarship assistance is provided to individuals based on predetermined criteria and upon recommendation by board members or staff. Assistance is provided in the form of reduced program fees, and recipient achievements are recorded. No cash changes hands, and funds are directly tied to student accounts. X 1 1 X X X X X 0 0 0 0 0 1 0 1 0 Jeff Myers President 273592 0 14395 0 0 0 34702 0 28740 0 351429 0 0 0 Aaron Atwood VP Advancement 159153 0 28414 0 0 0 7577 0 27074 0 222218 0 0 0 Jeff Wood CFO and Treasurer 174821 0 3744 0 0 0 7322 0 22414 0 208301 0 0 0 Part I, Line 1a Travel for the President's spouse is included in taxable compensation. Part I, Line 6 In 2021, Dr Jeff Myers, President, was paid a bonus based upon the organization's 2019 and 2020 net income. Part I, Line 7 The organization made nonfixed payments in the form of discretionary bonuses. X 13 536573 Fair market value X Furniture 1 2250 Fair Market Value 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1a The governing body delegated broad authority to the Executive Committee. The Executive Committee's members include the Chairman and two Directors. The Executive Committee shall have the power to bind Summit Ministries and act on behalf of the entirety of the Board of Directors, provided that, the Executive Committee shall not have the power to delegate any of its powers to any further committee, though it may appoint such committees as it desires for purposes other than to act on behalf of Summit Ministries. By way of example only and without limitation, the Executive Committee may appoint members of additional committees to prepare research and recommend courses of action. Without limiting the foregoing, the Executive Committee shall not have the power to: 1. Elect, appoint, or remove any member of the Board of Directors of Summit Ministries; 2. Amend, restate, alter, or repeal the Articles of Incorporation or Bylaws of Summit Ministries; 3. Whether in one or a series of transactions exceeding 250k, approve a plan of merger or approve a sale, lease, exchange, or other disposition of all or substantially all of the property of Summit Ministries; or 4. Take any other action prohibited by law. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is reviewed by the organization's accountant and CFO for accuracy. A copy of the return is then provided to the board of directors for their review prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c On an annual basis, board members and officers are required to disclose potential conflicts of interest. The CFO reviews the signed statements and the Chair of the Finance Committee also reviews the CFO's statement. This process is overseen by the Executive Committee of the Board of Directors. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 15a - A compensation review committee, consisting of independent members of the board, is responsible for recommending compensation for the position of President. As part of their process, the compensation review committee references comparability data, including salary and benefits provided to similar positions at similar organizations. The committee then makes a recommendation to the full board, which votes to approve or deny the recommended compensation package. All related deliberations and decisions are documented in the board minutes. 15b - This same compensation review committee is responsible for reviewing and approving compensation for all staff, including the Chief Financial Officer, and follows the same processes as previously outlined for the President. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.