2016-09-20T12:27:45-05:00 2015-12-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2015-01-01 730792333 American Christian College Inc AMER 7196859103 PO Box 207 Manitou Springs CO 80829 Dr Jeff Myers President 7196859103 2016-09-20 1 David C Moja P00747006 7195286225 2015 2017-02-10 21:41:12Z Summit Ministries Dr Jeff Myers PO Box 207 Manitou Springs CO 80829 7099099 0 X www.summit.org X 1970 CO Equipping tomorrow's leaders to analyze competing worldviews and champion the Christian faith. 10 9 215 9 -6440 -7940 2365018 1990862 2980578 3207040 185646 61500 562381 636911 6093623 5896313 154333 165985 0 0 1758302 1993649 0 0 179742 3732099 3520986 5644734 5680620 448889 215693 9869527 9736194 873724 598887 8995803 9137307 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 1426241 165985 1875831 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. 399594 273948 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. 206342 236444 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. 125327 85117 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. 2588105 1203586 Other Programs - Alumni Network, Curriculum development and sales, college credit program, consulting and honorariums, program related rental activity. 2713432 1288703 4745609 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 0 0 0 0 0 0 0 0 0 0 0 1 112 0 1 215 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 0 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 206447 0 11573 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 206447 0 11573 1 0 1 0 Elder Construction Inc 3431 N Prospect Street Colorado Springs CO 80907 Construction - Remodel 564931 Washington Int'l Studies Council Crystal Plaza One Ste 503A Arlington VA 22202 Summit Oxford Study Center 264880 Bryan College 721 Bryan Drive Dayton TN 37321 Conference Facilities 194439 Biola University 13800 Biola Ave La Mirada CA 90639 Conference Facilities 106613 4 1990862 14604 1990862 Conference Revenue 611600 2929388 2929388 College Credit Program 611600 93950 93950 Student Activity 611600 75075 75075 Consulting Income 611600 40900 40900 Other Program Service 611600 23248 23248 44479 44479 3207040 61389 61389 175465 175465 97191 78176 389001 84616 -291810 -6440 -298250 -291810 -6440 349152 349041 111 111 111 1139824 380128 759696 759696 5896313 3674926 -6440 236965 165985 165985 218020 191857 17442 8721 1431749 1257895 112495 61359 23085 20315 1847 923 192576 169467 15406 7703 128219 112833 10257 5129 29801 24437 5364 9571 9571 439719 351775 87944 240138 189709 38422 12007 127874 101130 21702 5042 171979 135940 29275 6764 147590 85507 53939 8144 90107 72086 14417 3604 1026048 1010278 12588 3182 197867 46326 151541 76700 44333 19865 12502 Summit Sessions 705527 675966 20494 9067 Repairs & Maintenance 103542 24429 71694 7419 Postage, printing, ship 98973 32758 40890 25325 Dues & Subscriptions 43578 32583 8144 2851 11972 11972 5680620 4745609 755269 179742 X 40190 21702 0 18488 456223 555118 528032 253369 40199 66963 396246 298871 90374 112680 8442870 2811712 5130806 5631158 2560855 2181700 458400 420200 208392 216135 9869527 9736194 388481 181382 95758 164361 250000 131752 139485 121392 873724 598887 X 8482896 8635504 69213 58109 443694 443694 8995803 9137307 9869527 9736194 215693 -74189 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 488829 -7136 10800 470893 490662 23167 25000 488829 0.94220 0.05780 0 0 609471 609471 6716094 2123110 4592984 198910 51082 147828 883207 637520 245687 35188 35188 5631158 Deferred Compensation Payable 121392 121392 X 6500314 -74189 -165985 -240174 6740488 9571 -853746 -844175 5896313 6358810 853746 853746 5505064 9571 165985 175556 5680620 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, 2015, 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 2012. Part XI, Line 2d - Other Adjustments: Tuition Assistance -165,985. Part XI, Line 4b - Other Adjustments: Rental Expenses -473,618. Cost of Goods Sold -380,128. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 380,128. Rental Expenses 473,618. Part XII, Line 4b - Other Adjustments: Tuition Assistance 165,985. 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 48000 0 1 0 0 0 1 48000 0 48000 0 0 0 0 0 0 Part I, line 3: The organization tracks foreign expenses in accordance with the accrual basis of accounting using. All expenditures are run through a local bank in England. Written receipts for large items are provided on a monthly basis. 1 Scholarship Assistance 299 165985 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 179227 0 0 0 27220 0 0 0 11573 0 218020 0 0 0 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 11 The Form 990 is prepared by an independent CPA firm and is reviewed by the organization's accountant and Vice-President of Finance and Administration 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. This process is overseen by the executive members of the board of directors. If a potential conflict of interest is determined to exist, interested parties are required to excuse themselves from the discussions and any following vote of the board. Form 990, Part VI, Section B, line 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. The organization did not compensate any other officers or key employees. Therefore, Line 15b was answered no in accordance with the instructions. 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 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.