SUMMIT MINISTRIES INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SUMMIT MINISTRIES INC (EIN 73-0792333)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-13
- IRS object ID
- 201242269349302814
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-13T17:28:34-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840676265 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SSA PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3355 American Drive | AddressLine1 |
| City | Colorado Springs | City |
| State | CO | State |
| ZIP Code | 809175707 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 730792333 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | American Christian College Inc | BusinessNameLine1 |
| Business Name Line2 | dba Summit Ministries | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AMER | NameControl |
| Phone | 7196859103 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 207 | AddressLine1 |
| City | Manitou Springs | City |
| State | CO | State |
| ZIP Code | 808290207 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Dr Jeff Myers | Name |
| Title | President | Title |
| Phone | 7196859103 | Phone |
| Date Signed | 2012-08-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | William C Sanden CPA | Name |
| PTIN | P00013248 | PTIN |
| Phone | 7195740100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dr Jeff Myers | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 207 | AddressLine1 |
| City | Manitou Springs | City |
| State | CO | State |
| ZIP Code | 808290207 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4844718 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.summit.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1970 | YearFormation |
| State Legal Domicile | CO | StateLegalDomicile |
| Activity Or Mission Description | To conduct Christian religious, educational and missionary services; to render Christian service, both spiritual and material, to the sick, the aged and the needy; to disseminate, teach and preach the gospel and teachings of Jesus Christ; to encourage and aid the growth, nature and spread of the Christian worldview; to teach, educate, instruct and train young people about God, the Bible, the Christian faith, and Christian values; to promote, encourage, and educate people everywhere regarding America's Christian heritage; to support the promulgation and preservation of Christian doctrines, values and ideals; to establish and operate a four-year Christian liberal arts college; and to support and assist organizations (including without limitation Christian colleges and universities) which are organized and operated for similar purposes. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 177 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | -9467 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1264290 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1582939 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2297544 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2071801 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 245204 | InvestmentIncomePriorYear |
| Investment Income Current Year | 105441 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 318362 | OtherRevenuePriorYear |
| Other Revenue Current Year | 314344 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4125400 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4074525 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1631813 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1627078 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 308633 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2491800 | OtherExpensePriorYear |
| Other Expenses Current Year | 2650326 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4123613 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4277404 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1787 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -202879 | RevenuesLessExpensesCY |
| Total Assets BOY | 7549662 | TotalAssetsBOY |
| Total Assets EOY | 7313164 | TotalAssetsEOY |
| Total Liabilities BOY | 441654 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 933482 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7108008 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6379682 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | To equip tomorrow's servant leaders to analyze competing worldviews and champion the Christian faith, inspiring each one to love God with his heart, soul, mind and strength. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1281716 | Expense |
| Revenue | 1509478 | Revenue |
| Description | 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, Virginia and Tennessee. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 342745 | Expense |
| Revenue | 267632 | Revenue |
| Description | Summit Semester Program: A 12-week program Christ-centered academic retreat designed for post high school graduates. Prepares young Christian thinkers to address the dichotomy separating faith from reason. Located near Pagosa Springs, Colorado. Major courses include: History of Christian Thought, Christianity and Politics, English Literature Minor courses include: Philosphy, Art, Theology & the Church, Cultural Apologetics, Bible Survey. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 333105 | Expense |
| Revenue | 178793 | Revenue |
| Description | International/Oxford Programs: Designed for students of all academic disciplines who have completed at least two years of undergraduate schooling. Two-fold program: a fully accredited ten-week term tutored by Oxford University dons augumented by a four-week course centered on worldview analysis, comunication and leadership, designed to cultivate vision, value and virtue. The venues include lectures, seminar discusssions and conference calls with scholars and authors whose works students have read. | Description |
Activity Other ActivityOther (4 entries)
| ExpenseExpense | RevenueRevenue | DescriptionDescription |
|---|---|---|
| 86673 | 72845 | Professional speaking |
| 30865 | 43053 | 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. |
| 488193 | 404309 | Bookhouse and curriculum |
| 333734 | Other Program Services Expenses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 939465 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 520207 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 2897031 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 63 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 177 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | American Christian College Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7196859103 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 207 | AddressLine1 |
| City | Manitou Springs | City |
| State | CO | State |
| ZIP Code | 808290207 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Julie Hays | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Phil Kayser | ||||||
| Treasurer/Secretary of the Board | 2.00 | X | 0 | 0 | 0 | X |
| Jeff Myers | ||||||
| President | 40.00 | X | 89912 | 0 | 8171 | X |
| Tony Jeffrey | ||||||
| Chairman of the Board | 1.00 | X | 0 | 0 | 0 | X |
| Mark Brezina | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Paul Stanley | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Steve Austin | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Nathan Mellor | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Mike Mandt | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 89912 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 8171 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Citibusiness | |||||
| 100 Citibank Drive | San Antonio | TX | 78245 | Credit card vendor | 294338 |
| Mennonite Press | |||||
| PO Box 867 | Newton | KS | 67114 | Publishing | 257881 |
| Bryan College | |||||
| PO Box 7000 | Dayton | TN | 37321 | Conference Facilities | 216020 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 1582939 | AllOtherContributions |
| Total Contributions | 1582939 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Summer Program | 611600 | 1509478 | 1509478 |
| Summit Semester | 611600 | 267632 | 267632 |
| Oxford/Intl Programs | 611600 | 178793 | 178793 |
| Professional Speaking | 611600 | 72845 | 72845 |
| Conferences | 611600 | 43053 | 43053 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2071801 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 114908 | TotalRevenueColumn |
| Exclusion | $114,908 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 122722 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 264366 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -141644 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -141644 | TotalRevenueColumn |
| Exclusion | -$141,644 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 8167 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 17634 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -9467 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -9467 | TotalRevenueColumn |
| Unrelated Business Revenue | -9467 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 892502 | GrossSalesOfInventory |
| Cost Of Goods Sold | 488193 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 404309 | TotalRevenueColumn |
| Related Or Exempt Function Income | 404309 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Other misc. revenues | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 51679 | TotalRevenueColumn |
| Exclusion | $51,679 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 51679 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4074525 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2476110 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -9467 | UnrelatedBusinessRevenue |
| Exclusion | $24,943 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89912 | Total |
| Management And General | 89912 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1240509 | Total |
| Program Services | 951477 | ProgramServices |
| Management And General | 240282 | ManagementAndGeneral |
| Fundraising | 48750 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73624 | Total |
| Program Services | 43055 | ProgramServices |
| Management And General | 27299 | ManagementAndGeneral |
| Fundraising | 3270 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120130 | Total |
| Program Services | 65498 | ProgramServices |
| Management And General | 44208 | ManagementAndGeneral |
| Fundraising | 10424 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102903 | Total |
| Program Services | 61785 | ProgramServices |
| Management And General | 37373 | ManagementAndGeneral |
| Fundraising | 3745 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32952 | Total |
| Program Services | 423 | ProgramServices |
| Management And General | 32529 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23463 | Total |
| Management And General | 23463 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 167293 | Total |
| Program Services | 86264 | ProgramServices |
| Management And General | 3156 | ManagementAndGeneral |
| Fundraising | 77873 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31984 | Total |
| Program Services | 18444 | ProgramServices |
| Management And General | 13374 | ManagementAndGeneral |
| Fundraising | 166 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 160093 | Total |
| Program Services | 151142 | ProgramServices |
| Management And General | 8951 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 164757 | Total |
| Program Services | 128542 | ProgramServices |
| Management And General | 31435 | ManagementAndGeneral |
| Fundraising | 4780 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7680 | Total |
| Management And General | 4831 | ManagementAndGeneral |
| Fundraising | 2849 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93094 | Total |
| Management And General | 93094 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109151 | Total |
| Program Services | 82321 | ProgramServices |
| Management And General | 26830 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Operating Expenses | 759474 | 496114 | 226709 | 36651 |
| Supplies | 407773 | 359253 | 48520 | 0 |
| Journal | 240663 | 129957 | 0 | 110706 |
| Honorarium | 142369 | 142369 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 309580 | Total |
| Program Services | 180387 | ProgramServices |
| Management And General | 119774 | ManagementAndGeneral |
| Fundraising | 9419 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4277404 | Total |
| Program Services | 2897031 | ProgramServices |
| Management And General | 1071740 | ManagementAndGeneral |
| Fundraising | 308633 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 235846 | BOY |
| EOY | 239380 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 713664 | BOY |
| EOY | 291445 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68409 | BOY |
| EOY | 33124 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 580076 | BOY |
| EOY | 582941 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18640 | BOY |
| EOY | 33140 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5766150 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2577613 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3030103 | BOY |
| EOY | 3188537 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2721267 | BOY |
| EOY | 2182966 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 181657 | BOY |
| EOY | 761631 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7549662 | BOY |
| EOY | 7313164 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97623 | BOY |
| EOY | 150835 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15564 | BOY |
| EOY | 36324 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 573000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156726 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 171741 | BOY |
| EOY | 173323 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 441654 | BOY |
| EOY | 933482 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5840147 | BOY |
| EOY | 5436383 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 385822 | BOY |
| EOY | 499605 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 882039 | BOY |
| EOY | 443694 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7108008 | BOY |
| EOY | 6379682 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7549662 | BOY |
| EOY | 7313164 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -202879 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -525447 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1527110 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1489143 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1184026 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1264290 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1582939 | CurrentTaxYear |
| Total | 7047508 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1527110 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1489143 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1184026 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1264290 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1582939 | CurrentTaxYear |
| Total | 7047508 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 7047508 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 89954 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 51085 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8778 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 245204 | CurrentTaxYearMinus1Year |
| Current Tax Year | 114908 | CurrentTaxYear |
| Total | 509929 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 7557437 | TotalSupport |
| Gross Receipts From Admissions Etc | 4381965 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.93250 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.93230 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1236093 | OtherCostOrOtherBasis |
| Book Value | 1236093 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3704242 | OtherCostOrOtherBasis |
| Depreciation | 1988971 | Depreciation |
| Book Value | 1715271 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 667964 | OtherCostOrOtherBasis |
| Depreciation | 491256 | Depreciation |
| Book Value | 176708 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 157851 | OtherCostOrOtherBasis |
| Depreciation | 97386 | Depreciation |
| Book Value | 60465 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3188537 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Cash Value Life insurance | 188631 |
| Copyright-Understanding the Times | 573000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 761631 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Deferred compensation payable | Description |
| Amount | $173,323 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 173323 | TotalOfAmounts |
| Total Revenue | 4074525 | TotalRevenue |
| Total Expenses | 4277404 | TotalExpenses |
| Excess Or Deficit For Year | -202879 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -525447 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -525447 | TotalAdjustments |
| Excess Or Deficit Per FS | -728326 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4301639 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -525447 | NetUnrealizedGainsInvestments |
| Other Revenues | 752561 | OtherRevenues |
| Revenue Not Rptd F990 | 227114 | RevenueNotRptdF990 |
| Revenue Subtotal | 4074525 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4074525 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5029965 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 752561 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 752561 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4277404 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4277404 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | Part X: | On January 1, 2009, the Organization adopted Accounting for Uncertainty in Income Taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties and disclosures required. The Organizations determination as a tax exempt not-for-profit entity is considered a tax position subject to the requirements of Accounting for Uncertainty in Income Taxes. There were no unrecognized tax benefits at December 31, 2011 or 2010, and the Organization does not believe it is reasonably possible that unrecognized tax benefits related to this tax position will significantly increase or decrease within twelve months of the reporting date. The Organization recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. The Organization did not have any accrued liabilities or expense for interest or penalties related to unrecognized tax benefits for the year ended December 31, 2011 or the period ended December 31, 2010. |
| Part XII, Line 2d - Other Adjustments: | Cost of goods sold - $488,194 Rent Expenses - $264,367 | |
| Part XIII, Line 2d - Other Adjustments: | Cost of goods sold - $488,194 Rent Expenses - $264,367 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 0 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Explanation of Nondiscriminatory Policy Publication | Identifier |
| Return Reference | Schedule E, Part I, Line 3 | ReturnReference |
| Explanation | 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 which document our policy. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | United Kingdom | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 1 | NumberOfEmployees |
| Type Of Activities Conducted | Program Service | TypeOfActivitiesConducted |
| Specific Services Provided | Summit Oxford is a fully accredited ten-week term tutored by Oxford University dons augmented by a four-week course on worldview analysis, communication and leadership. | SpecificServicesProvided |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 0 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 0 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Procedure for Monitoring Grants Outside the U.S.: | Schedule F, Part I, Line 2: The Oxford Program is monitored through a bank account set up with Barclays in England. Summit deposits $5000 a month into this account for the instuctor to pay for necessary expenses of the program. The instuctor then sends the business manager a detailed listing of what the money was spent on. The instructor receives the monthly bank statements. The account is listed in the instructors name since the organization is not a registered charity in England and therefore not allowed to maintain a checking account. Revenues from tuition payments are deposited in the US bank account of Summit Ministries. |
| Method Used to Acccount for Expenditures: | Schedule F, Part I, Line 3: All expenditures are run through a local bank in England. Written receipts for large items are provided on a monthly basis. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | Residence was provided for the President: 111 Mowhawk $850/month |
| Part I, Lines 4a-b | David Noebel, Former President participates in a deferred compensation program in the amount of $188,630.86 shown as a liability on Summit's books. |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Dr David Noebel | NamePerson |
| Purpose Of Loan | N/A | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $573,000 | OriginalPrincipalAmount |
| Balance Due | 573000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 573000 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Dr David Noebel | |||
| Former President of American Christian College & president of CACC | 20005 | Christian Anti-Communisim Crusade (CACC) reimburses for operating facilities and employee costs from American Christian College on a monthly basis. | 0 |
| Mike Mandt | |||
| Director of American Christian College | 48000 | American Christian College annually leases a facility owned by the wife of a director near Pagosa Springs, CO for program presentations. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Summit also rents property in Pagosa Springs from a director for its Semester program. | |
| Form 990, Part VI, Section B, line 11 | The organization has a board member, who is a CPA and chairman of the audit committee, that reviews and approves the Form 990 for the president to sign. The return is then electronically sent to all board members and the return is then filed with the IRS. | |
| Form 990, Part VI, Section B, line 12c | Annual discussion at board meeting. | |
| Form 990, Part VI, Section B, line 15 | The CEO's compensation is determined by the board of directors. All other pay is determined by the CEO. A compensation review committee was established at the board meeting in May 2009. | |
| Form 990, Part VI, Section C, line 19 | Summit Ministries auditied financial statements and Form 990 are available to the public through the on-line searchable database of GuideStar or mail upon request. | |
| Form 990, Part XI, line 5: | Net unrealized losses on investments: -525447. | Changes in Net Assets or Fund Balances: |
| Form 990; Part XII; Line 2c | The organization has a board member, whom is a CPA, that reviews the Form 990, authorizes the filing, and reviews the audited financial statements with the tax preparer/auditor prior to filing the return. |
Schedule R IRS990ScheduleR
| Field | Value | IRS element (for citing) |
|---|---|---|
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
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