SUMMIT FOUNDATION
Cite this
Plain text SUMMIT FOUNDATION. furp.org, nonprofit organization profile, tax years 2017–2024. https://furp.org/org/summit-foundation-300595477. Retrieved 2026-10-26.
APA furp.org. (n.d.). SUMMIT FOUNDATION [Nonprofit organization profile; tax years 2017–2024]. Retrieved October 26, 2026, from https://furp.org/org/summit-foundation-300595477
MLA “SUMMIT FOUNDATION.” furp.org, tax years 2017–2024, https://furp.org/org/summit-foundation-300595477. Accessed 26 Oct. 2026.
Retrieved 2026-10-26; covers tax years 2017–2024. Data: furp.org, CC BY 4.0.
2024 · Form 990 · revenue $104.3M · expenses $43K · assets $77.4M
- EIN
- 30-0595477
- Address
- 14830 CHOATE CIR, CHARLOTTE, NC 28273-9105
- NTEE code
- -
- Exempt type
- 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
- Ruling date
- August 2010 (when the IRS recognized its exemption)
- IRS status
- Exempt (unconditional) (IRS Business Master File) IRS data ↗
- Tax-deductible donations
- Yes: listed in IRS Publication 78 (supporting organization) Pub 78 ↗
- Foundation status
- Supporting organization, 509(a)(3)
- Cross-check
- ProPublica Nonprofit Explorer
Mission
THE FOUNDATION SEEKS TO FURTHER THE KINGDOM OF GOD BY SUPPORTING BENEFICIARY ORGANIZATIONS AS AN INTEGRAL PART OF THE EVANGELICAL PURPOSES OF THE BENEFICIARY ORGANIZATIONS AND THE WORLDWIDE EVANGELICAL CHRISTIAN MISSIONS AND ACTIVITIES BEING CARRIED ON BY THE BENEFICIARY ORGANIZATIONS.
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
2 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Rene Palacio | PRESIDENT & Director | 2017-2024 | $85,804 | $528,424 | 1 |
| Fred Ely | SECRETARY & TREASURER | 2017-2024 | $0 | $330,676 | 1 |
Officers and directors, no compensation reported
1 person listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Ronald Williams | Director | 2017-2024 | 1 | $0 reported | 1 |
People by year
2024 · 3 people listed · 1 paid, $86K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| RENE PALACIO | PRESIDENT & Director | 1 | $0 | $59,404 | $26,400 | $85,804 | 1 |
| FRED ELY | SECRETARY & TREASURER | 2 | $0 | $0 | $0 | $0 | 1 |
| RONALD WILLIAMS | Director | 1 | $0 | $0 | $0 | $0 | 1 |
2023 · 3 people listed · 1 paid, $86K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| RENE PALACIO | PRESIDENT & Director | 1 | $0 | $59,404 | $26,400 | $85,804 | 1 |
| FRED ELY | SECRETARY & TREASURER | 2 | $0 | $0 | $0 | $0 | 1 |
| RONALD WILLIAMS | Director | 1 | $0 | $0 | $0 | $0 | 1 |
2022 · 3 people listed · 1 paid, $80K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| RENE PALACIO | PRESIDENT | 1 | $0 | $79,529 | $0 | $79,529 | 1 |
| FRED ELY | SECRETARY & TREASURER | 2 | $0 | $0 | $0 | $0 | 1 |
| RONALD WILLIAMS | BOARD MEMBER | 1 | $0 | $0 | $0 | $0 | 1 |
2021 · 3 people listed · 2 paid, $89K · 0 employees · 1 volunteer
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| RENE PALACIO | PRESIDENT | 1 | $0 | $33,882 | $42,150 | $76,032 | 1 |
| FRED ELY | SECRETARY & TREASURER | 2 | $0 | $9,030 | $4,082 | $13,112 | 1 |
| RONALD WILLIAMS | BOARD MEMBER | 1 | $0 | $0 | $0 | $0 | 1 |
2020 · 3 people listed · 2 paid, $198K · 0 employees · 3 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Rene Palacio | President | 1 | $0 | $54,078 | $56,334 | $110,412 | 1 |
| Fred Ely | Secretary & Treasurer | 2 | $0 | $54,180 | $33,492 | $87,672 | 1 |
| Ronald Williams | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
2019 · 3 people listed · 2 paid, $174K · 0 employees · 3 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Rene Palacio | President | 1 | $0 | $38,250 | $52,593 | $90,843 | 1 |
| Fred Ely | Secretary & Treasurer | 2 | $0 | $53,343 | $30,168 | $83,511 | 1 |
| Ronald Williams | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
2018 · 3 people listed · 1 paid, $77K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Fred Ely | Secretary & Treasurer | 2 | $0 | $53,127 | $23,742 | $76,869 | 1 |
| Rene Palacio | President | 1 | $0 | $0 | $0 | $0 | 1 |
| Ronald Williams | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
2017 · 3 people listed · 1 paid, $70K · 0 employees · 3 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Fred Ely | Secretary & Treasurer | 2 | $0 | $48,945 | $20,567 | $69,512 | 1 |
| Rene Palacio | President | 1 | $0 | $0 | $0 | $0 | 1 |
| Ronald Williams | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
Highest-paid independent contractors
2017 · 1 contractor · $103K
| Name | Location | Service | Paid |
|---|---|---|---|
| Curtis Mallet-Prevost Colt & Mosle LLP | New York, NY | Legal Fees | $102,617 |
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2023 · 4 grants to organizations · $436.7M
Listed grants add up to $436,677,500; the return's “grants paid” expense line says $446,677,500. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.
2022 · 2 grants to organizations · $106K
2021 · 4 grants to organizations · $127.5M
2020 · 6 grants to organizations · $339K
2019 · 49 grants to organizations · $4.2M
2018 · 26 grants to organizations · $3.2M
2017 · 26 grants to organizations · $7.4M
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $104,295,775 | $43,309 | $77,373,055 | $77,373,055 | $103,279,000 | $0 | $0 | 0 | 2 |
| 2023 · Form 990 | ||||||||
| $447,080,568 | $446,711,946 | $4,924,079 | $4,924,079 | $446,300,000 | $0 | $0 | 0 | 2 |
| 2022 · Form 990 | ||||||||
| $100,005 | $112,362 | $3,995,741 | $3,995,741 | $0 | $0 | $0 | 0 | 2 |
| 2021 · Form 990 | ||||||||
| $100,005 | $127,532,699 | $3,419,609 | $3,419,609 | $0 | $0 | $0 | 0 | 1 |
| 2020 · Form 990 | ||||||||
| $15 | $351,941 | $50,851,473 | $50,851,473 | $0 | $0 | $0 | 0 | 3 |
| 2019 · Form 990 | ||||||||
| $3,500,235 | $4,232,148 | $51,203,610 | $51,203,399 | $0 | $0 | $0 | 0 | 3 |
| 2018 · Form 990 | ||||||||
| $4,200,192 | $3,234,467 | $51,910,523 | $51,910,312 | $0 | $0 | $0 | 0 | 2 |
| 2017 · Form 990 | ||||||||
| $5,800,368 | $7,550,875 | $50,957,207 | $50,944,587 | $0 | $0 | $0 | 0 | 3 |
Connected to
Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.
- SIM USA INCORPORATED Charlotte, NC · related organization (Schedule R)
Funders of this organization
1 grantor reported grants to this organization, $549,579,000 in all, tax years 2023 to 2024. Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV
| Grantor | Type | Match | Years given | Grants | Total | Latest year | Latest year's amount | Grants |
|---|---|---|---|---|---|---|---|---|
| FOUNDATION FOR WORLD EVANGELISM | Public charity | Exact | 2023-2024 | 2 | $549,579,000 | 2024 | $103,279,000 | show |
Similar organizations
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| SAMS FOUNDATION | DC | E12 | $61,395,982 | $66,558,050 | EXECUTIVE DIRECTOR | $187,923 | Similar name, revenue within 2x |
| AB FOUNDATION | DC | W05 | $74,574,500 | $70,499,037 | CHAIR | $200,000 | Similar name, revenue within 2x |
| S & R FOUNDATION | DC | T20 | $41,360,720 | $8,283,511 | Staff | $91,461 | Similar name, revenue within 5x |
| SUNDARI FOUNDATION INC | FL | L41 | $19,229,857 | $17,526,978 | EMPLOYEE | $130,540 | Similar name, revenue within 10x |
| SAMIS FOUNDATION | WA | T22 | $16,645,587 | $14,542,674 | CHIEF EXECUTIVE OFFICER | $207,162 | Similar name, revenue within 10x |
| FORGE FOUNDATION | NC | N19 | $75,600 | $46,993 | President | $0 | Similar name, revenue differs more than 10x, same state |
| SIMPSON FOUNDATION | NC | Not reported | $241 | $550 | CHAIRMAN | $0 | Similar name, revenue differs more than 10x, same state |
| SONG SUMMIT FOUNDATION INC | UT | A20 | $373,064 | $330,915 | Executive Director | $36,539 | Similar name, revenue differs more than 10x |
| SUMMIT OV FOUNDATION | NY | T20 | $1,120,428 | $353,508 | CHAIRMAN | $0 | Similar name, revenue differs more than 10x |
| SUH FOUNDATION | CA | B90 | $56,063 | $5,825 | Director | $0 | Similar name, revenue differs more than 10x |
| SUMMIT LEADERSHIP FOUNDATION | TN | X20 | $1,252,489 | $1,354,879 | Executive Director | $95,000 | Similar name, revenue differs more than 10x |
| SWMCH FOUNDATION | MN | B11 | $61,144 | $52,030 | SECRETARY/TRUSTEE | $0 | Similar name, revenue differs more than 10x |
| SESH FOUNDATION | TX | S43 | $1,699 | $1,112 | CEO | $0 | Similar name, revenue differs more than 10x |
| S FOUNDATION | FL | N20 | $61,858 | $62,639 | Board Member/ Director | $3,100 | Similar name, revenue differs more than 10x |
| ENVISION SUMMIT FOUNDATION INC | NH | B60 | $57,720 | $75,704 | PRESIDENT & DIRECTOR | $0 | Similar name, revenue differs more than 10x |
| L&S FOUNDATION | WA | Y03 | $45,342 | $13,036 | CEO, CLO, and Board Chair | $0 | Similar name, revenue differs more than 10x |
| SNV FOUNDATION | WA | K99 | $75,478 | $64,164 | President | $0 | Similar name, revenue differs more than 10x |
| STAR FOUNDATION | CA | Not reported | $368,373 | $372,108 | Director | $0 | Similar name, revenue differs more than 10x |
| SNS FOUNDATION | FL | Not reported | $30,961 | $5,995 | CHAIRMAN OF THE BOARD | $0 | Similar name, revenue differs more than 10x |
| SMH FOUNDATION | LA | E11 | $374,390 | $591,078 | Executive Dir. | $120,525 | Similar name, revenue differs more than 10x |
| BHC FOUNDATION | MO | Not reported | $168,104 | $307,763 | EXECTIVE DIRECTOR | $171,082 | Similar name, revenue differs more than 10x |
| FDP FOUNDATION | DC | T02 | $1,213,285 | $787,803 | Executive Director | $315,000 | Similar name, revenue differs more than 10x |
| L3 FOUNDATION | TX | G30 | $94,985 | $290,232 | President | $0 | Similar name, revenue differs more than 10x |
| BOX IT FOUNDATION | IL | T30 | $86,236 | $80,015 | DIRECTOR | $0 | Similar name, revenue differs more than 10x |
| IAM FOUNDATION | AZ | W05 | $176,430 | $93,426 | Director, Vice President | $36,000 | Similar name, revenue differs more than 10x |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990 · $43,309 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other (as described) | OTHER TYPES OF EXPENSES | $13,908 | - | $13,908 | - | 32.1% |
| Other (as described) | 1897 PORTFOLIO DEDUCTION | $11,990 | - | $11,990 | - | 27.7% |
| Fees: legal | $8,055 | $4,027 | $4,028 | $0 | 18.6% | |
| Interest | $6,917 | $0 | $6,917 | $0 | 16.0% | |
| Fees: accounting | $1,643 | $821 | $822 | $0 | 3.8% | |
| Other (as described) | FOREIGN TAXES PAID | $389 | - | $389 | - | 0.9% |
| All other expenses | $325 | - | $325 | - | 0.8% | |
| Other (as described) | 1897 OTHER DEDUCTIONS | $82 | - | $82 | - | 0.2% |
| Total | $43,309 | 100% |
2023 · Form 990 · $446,711,946 spent · pay $0 · grants $446,677,500 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $446,677,500 | $446,677,500 | - | - | 100.0% | |
| Fees: legal | $28,728 | $14,364 | $14,364 | $0 | 0.0% | |
| Fees: accounting | $2,965 | $1,482 | $1,483 | $0 | 0.0% | |
| Other (as described) | 1897 PORTFOLIO DEDUCTION | $2,753 | - | $2,753 | - | 0.0% |
| Total | $446,711,946 | 100% |
2022 · Form 990 · $112,362 spent · pay $0 · grants $106,250 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $106,250 | $106,250 | - | - | 94.6% | |
| Fees: legal | $3,114 | $1,557 | $1,557 | $0 | 2.8% | |
| Fees: accounting | $2,804 | $1,402 | $1,402 | $0 | 2.5% | |
| Office expenses | $194 | $97 | $97 | $0 | 0.2% | |
| Total | $112,362 | 100% |
2021 · Form 990 · $127,532,699 spent · pay $0 · grants $127,517,131 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $127,517,131 | $127,517,131 | - | - | 100.0% | |
| Fees: legal | $9,997 | $4,998 | $4,999 | $0 | 0.0% | |
| Fees: accounting | $5,500 | $2,750 | $2,750 | $0 | 0.0% | |
| Office expenses | $71 | $35 | $36 | $0 | 0.0% | |
| Total | $127,532,699 | 100% |
2020 · Form 990 · $351,941 spent · pay $0 · grants $338,800 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $338,800 | $338,800 | - | - | 96.3% | |
| Fees: legal | $7,742 | - | $7,742 | - | 2.2% | |
| Fees: accounting | $5,300 | - | $5,300 | - | 1.5% | |
| Office expenses | $99 | - | $99 | - | 0.0% | |
| Total | $351,941 | 100% |
2019 · Form 990 · $4,232,148 spent · pay $0 · grants $4,224,249 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $4,224,249 | $4,224,249 | - | - | 99.8% | |
| Fees: accounting | $5,500 | - | $5,500 | - | 0.1% | |
| Fees: legal | $2,369 | - | $2,369 | - | 0.1% | |
| Office expenses | $30 | - | $30 | - | 0.0% | |
| Total | $4,232,148 | 100% |
2018 · Form 990 · $3,234,467 spent · pay $0 · grants $3,224,118 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $3,224,118 | $3,224,118 | - | - | 99.7% | |
| Fees: legal | $5,449 | - | $5,449 | - | 0.2% | |
| Fees: accounting | $4,900 | - | $4,900 | - | 0.2% | |
| Total | $3,234,467 | 100% |
2017 · Form 990 · $7,550,875 spent · pay $0 · grants $7,377,267 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $7,377,267 | $7,377,267 | - | - | 97.7% | |
| Fees: legal | $114,279 | - | $114,279 | - | 1.5% | |
| Fees: management | $40,000 | - | $40,000 | - | 0.5% | |
| Fees: accounting | $19,300 | - | $19,300 | - | 0.3% | |
| Office expenses | $29 | - | $29 | - | 0.0% | |
| Total | $7,550,875 | 100% |
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