2017-05-08T14:08:07-05:00 2016-12-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2016-01-01 730792333 American Christian College Inc AMER 7196859103 PO Box 207 Manitou Springs CO 80829 Dr Jeff Myers President 7196859103 2017-05-08 1 Daren Daiga P01074795 7195286225 173.240.105.108 2017-05-08 13:07:33 MD P 8B87D0E9C94A533F7900D87E9B53B747997F3410 0BEB7AAFB2B06B82802C5CF9516DA83B706B74E3 2016 2021-01-29 14:40:06Z Summit Ministries Dr Jeff Myers PO Box 207 Manitou Springs CO 80829 9197308 0 X www.summit.org X 1970 CO Equipping tomorrow's leaders to analyze competing worldviews and champion the Christian faith. 10 9 219 9 -203180 -204680 1990862 3834566 3207040 3147897 61500 -106871 636911 213465 5896313 7089057 165985 142449 0 0 1993649 2464209 0 0 154493 3520986 3259154 5680620 5865812 215693 1223245 9736194 10929778 598887 910942 9137307 10018836 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 1357872 142449 2023992 Summit Youth Ministries Summer Programs - Educate students ages 16-24 in Christian worldview thinking, preparing them for the battle of ideas that they will face in college and in culture. The two-week conferences feature over 70 hours of instruction in worldview analysis, Christian apologetics and leadership from a faculty of world-class instructors. Summer conferences are held in Colorado, California and Tennessee. 433544 292245 International/Oxford Programs - Designed for students of all academic disciplines who have completed at least two years of undergraduate schooling. This is a two-fold program including a fully accredited ten-week term tutored by Oxford University dons, augmented by a four-week course centered on worldview analysis, communication and leadership, designed to cultivate vision, value and virtue. The venues include lectures, seminar discussions and conference calls with scholars and authors whose works students have read. 195972 198808 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. 3029881 871239 Adult Conferences - Designed to equip parents, teachers, pastors and lay leaders to understand the biblical Christian, Islamic, Postmodern, Secular Humanist, Marxist and New Age worldviews, as well as the cultural issues where these worldviews battle for supremacy. 95635 93788 Other Programs - Alumni Network, Curriculum development and sales, college credit program, consulting and honorariums, program related rental activity. 3125516 965027 5112904 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 131 0 1 219 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 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 195269 0 10893 Steve Austin Chairman/Treasurer 2.00 X X 0 0 0 Reg Lyle Secretary 2.00 X X 0 0 0 Julie Hays Director 1.00 X 0 0 0 Mark Brezina Director 1.00 X 0 0 0 Mikkel Mandt Director 1.00 X 0 0 0 Tony Jeffrey Director 1.00 X 0 0 0 Merida Brooks Director 1.00 X 0 0 0 Michael Francisco Director 1.00 X 0 0 0 Julie H Ambler Director 1.00 X 0 0 0 Jeff Wood CFO 40.00 X 96922 0 15548 292191 0 26441 1 0 1 0 Bryan College 721 Bryan Drive Dayton TN 37321 Conference Facilities 338863 Washington Int'l Studies Council Crystal Plaza One Ste 503A Arlington VA 22202 Summit Oxford Study Center 284590 Elder Construction 3431 N Prospect Street Colorado Springs CO 80907 Construction - Remodel 279044 Biola University 13800 Biola Ave La Mirada CA 90639 Conference Facilities 119398 GeoStabilization Int'l PO Box 4709 Grand Junction CO 81502 Engineering - Boulder stabilization 119271 5 3834566 1993387 3834566 Conference Revenue 611600 2838656 2838656 Student Activity 611600 89145 89145 College Credit Program 611600 87550 87550 Consulting Income 611600 21225 21225 Training & Support 611600 20089 20089 91232 91232 3147897 40261 40261 84470 84470 110993 72302 535547 275482 -424554 -203180 -627734 -424554 -203180 726357 40900 717427 196962 8930 -156062 -147132 -147132 1139562 382833 756729 756729 7089057 3480072 -203180 -22401 142449 142449 318632 280395 25491 12746 72000 48000 24000 1601081 1445993 98679 56409 28950 25476 2316 1158 285522 251259 22842 11421 158024 139061 12642 6321 22047 18079 3968 14470 14470 275594 220475 55119 175315 138499 28050 8766 198789 136656 45362 16771 124541 113332 8718 2491 37944 37944 127352 63352 59496 4504 227086 198192 23206 5688 823250 822491 759 5201 5201 151555 68019 83536 20715 11973 5365 3377 Summit Sessions 712671 712671 Curriculum Development 141673 141673 Postage, printing, ship 117021 59796 35181 22044 Repairs & Maintenance 56604 23208 31132 2264 27326 13911 12882 533 5865812 5112904 598415 154493 X 29580 15973 0 13607 555118 511416 253369 69877 66963 82783 298871 344919 112680 128233 10483027 2848776 5631158 7634251 2181700 1551197 420200 382000 216135 225102 9736194 10929778 181382 553143 164361 55331 131752 200000 121392 102468 598887 910942 X 8635504 7457456 58109 2117686 443694 443694 9137307 10018836 9736194 10929778 X 1223245 70100 -411816 X X 0 1 X 1 0 X 2949705 3163449 2365018 1990862 3834566 14303600 2949705 3163449 2365018 1990862 3834566 14303600 2231625 12071975 213361 186778 229646 334045 235724 1199554 156875 27608 184483 15687637 20081288 0.76950 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Revenue - 2012 Amount: $ 156,875. 2013 Amount: $ 27,608. Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 470893 31751 502644 488829 -7136 10800 470893 490662 23167 25000 488829 0.88270 0.11730 0 0 800501 800501 8200791 2207812 5992979 725047 495718 229329 756688 145246 611442 7634251 Deferred Compensation Payable 102468 102468 X 7926734 70100 1193863 1263963 6662771 14470 411816 426286 7089057 7045205 1193863 1193863 5851342 14470 14470 5865812 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 X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of December 31, 2016, Summit had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Summit is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years before 2013. Part XI, Line 2d - Other Adjustments: Rental Expenses 811,030. Cost of Goods Sold 382,833. Part XI, Line 4b - Other Adjustments: Impairment Loss on Property Held for Sale 411,816. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 382,833. Rental Expenses 811,030. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The college has always admitted all races impartially and does not base any decision or policy upon the racial composition of the students, staff or faculty. Our website contains a statement of racial nondiscrimination and such statements are included in our brochures and student communications documenting our policy. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 1 Program Services Oxford Universtiy Program 511139 0 1 0 0 0 1 511139 0 511139 0 0 0 0 0 0 Part I, line 3: The organization tracks foreign expenses in accordance with the accrual basis of accounting. All expenditures are run through a local bank in England. Written receipts for large items are provided on a monthly basis. 1 Scholarship Assistance 334 142449 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. X X 0 0 0 0 0 0 0 0 0 Jeff Myers President 178055 0 0 0 17214 0 0 0 10893 0 206162 0 0 0 Janet Mandt Wife of Mikkel Mandt, Board Member 48000 Property lease 0 X 7 24502 Fair market value X 1 1968885 Appraisal 0 1 1 Part I, Column (b): The number of contributions reported is the number of contributions received, not the number of items contributed. Part I, Line 32b: An appraiser was used to assess the value, and a closing company was used to settle the transaction. Form 990, Part VI, Section A, line 1 The governing body delegated broad authority to the Executive Committee. The Executive Committee's members include Steve Austin, Mike Mandt, and Michael Francisco, all of whom are also members of the governing body. 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, and the CFO reviews the signed statements. 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. Form 990, Part XI, line 9: Impairment Loss on Property Held for Sale -411,816. Form 990, Part XII, Line 2c: The Audit Committee of the Board of Directors is responsible for oversight of the audit of the organizations financial statements, and selection of the independent accounting firm used. This process has not changed from the prior year.