2015-09-02T12:01:46-05:00 2014-12-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2014-01-01 730792333 American Christian College Inc AMER 7196859103 PO Box 207 Manitou Springs CO 80829 Dr Jeff Myers President 7196859103 2015-09-02 1 Adam R Smith P00958966 7195286225 2014 2016-02-25 16:41:14Z Summit Ministries Dr Jeff Myers PO Box 207 Manitou Springs CO 80829 7135049 0 X www.summit.org X 1970 CO Equipping tomorrow's leaders to analyze competing worldviews and champion the Christian faith. 10 9 184 15 -2684 -2684 3163449 2365018 2541411 2980578 77875 185646 878411 562381 6661146 6093623 0 154333 0 0 2011315 1758302 0 0 265580 3673676 3732099 5684991 5644734 976155 448889 9832058 9869527 1333368 873724 8498690 8995803 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 1910572 154333 1680732 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. 1459054 623436 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. 432794 436488 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. 153108 79075 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. 349951 629403 Other Programs - Curriculum development and sales, college credit program, consulting and honorariums, program related rental activity. 503059 708478 4305479 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 1 0 0 0 0 0 0 0 0 0 0 0 1 92 0 1 184 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 X Jeff Wood 7196859103 PO Box 207 Manitou Springs CO 80829 Jeff Myers President 40.00 X X 214769 0 19939 Steve Austin Chairman / Treasurer of the Board 2.00 X X 0 0 0 Reg Lyle Secretary of the Board 2.00 X X 0 0 0 Paul Stanley Director 1.00 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 214769 0 19939 1 0 1 0 Elder Construction Inc 3431 N Prospect Street Colorado Springs CO 80907 Construction - Hotel Remodel 687624 Washington Int'l Studies Council Crystal Plaza One Ste 503A Arlington VA 22202 Summit Oxford Study Center 560375 Bryan College 721 Bryan Drive Dayton TN 37321 Conference Facilities 211721 3 2365018 13000 2365018 Summer Program 611600 1680732 1680732 Oxford/Intl Programs 611600 623436 623436 Summit Semester 611600 436488 436488 College Credit Program 611600 82974 82974 Conference Revenue 611600 79075 79075 77873 77873 2980578 48702 48702 96509 96509 84435 65490 306114 68174 -221679 -2684 -224363 -221679 -2684 224310 229821 193558 123629 30752 106192 136944 136944 1040186 349951 690235 690235 6093623 3449134 -2684 282155 154333 154333 234708 117354 105619 11735 1171687 702290 396145 73252 18435 9802 5968 2665 230227 142622 71413 16192 103245 64732 31940 6573 14131 2836 11295 41169 41169 13640 13640 502508 389282 85235 27991 237871 136402 26475 74994 447748 360512 67350 19886 145456 77568 53067 14821 29613 29613 311536 209637 100240 1659 173487 134803 29119 9565 1324828 1317070 2611 5147 6389 6389 130647 103547 26000 1100 Curriculum Development 353076 353076 5644734 4305479 1073675 265580 52674 28444 0 24230 916848 456223 194662 528032 163392 40199 458503 396246 24185 90374 7679534 2548728 4753040 5130806 2623035 2560855 496600 458400 201793 208392 9832058 9869527 476501 388481 279583 95758 136500 34000 250000 250000 156784 139485 1333368 873724 X 7760255 8482896 294741 69213 443694 443694 8498690 8995803 9832058 9869527 448889 48224 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 490662 23167 25000 488829 0.90800 0.09200 0 0 609471 609471 5740545 1951976 3788569 198911 36432 162479 829280 560320 268960 301327 301327 5130806 Deferred Compensation Payable 139485 139485 X 6852446 48224 724239 772463 6079983 13640 13640 6093623 6355333 724239 724239 5631094 13640 13640 5644734 Part V, Line 4: Proceeds from endowment funds are used for tuition assistance. 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, 2014, 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 2011. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 349,951. Rental Expenses 374,288. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 349,951. Rental Expenses 374,288. 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) 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 260 153183 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. 1 X X 0 0 0 0 0 0 0 0 0 Jeff Myers President 177472 0 0 0 37297 0 2466 0 17473 0 234708 0 0 0 Mikkel Mandt Board member 73477 Property Lease 0 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 15 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. All other employee pay is determined by 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 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.