Civic Intelligence

Summit54

990 • Fiscal year 2019 • EIN 27-2978700

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

Organization ProfileWWW.SUMMIT54.ORG
1550 Larimer St 770Denver, CO 80202

(303) 974-7551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

92nd percentile

55%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

98%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,003,023

Up $354,915 (+55%) from 2018

Net Assets

Up

$1,002,712

Up $354,604 (+55%) from 2018

Liabilities

Up

$311

Up $311 from 2018

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin85th percentile

Revenue

Up

$1,092,103

Up $539,406 (+98%) from 2018

Expenses

Down

$737,499

Down $225,766 (-23%) from 2018

Net Income

Up

$354,604

Up $765,172 (+186%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2015: $355,096Liabilities 2015: $12,202Net Assets 2015: $342,8942015Assets 2016: $415,948Liabilities 2016: $33,920Net Assets 2016: $382,0282016Assets 2017: $958,825Liabilities 2017: $149Net Assets 2017: $958,6762017Assets 2018: $648,108Liabilities 2018: $0Net Assets 2018: $648,1082018Assets 2019: $1,003,023Liabilities 2019: $311Net Assets 2019: $1,002,7122019Assets 2020: $1,607,859Liabilities 2020: $150Net Assets 2020: $1,607,7092020Assets 2021: $1,703,761Liabilities 2021: $215Net Assets 2021: $1,703,5462021Assets 2022: $1,417,382Liabilities 2022: $0Net Assets 2022: $1,417,3822022Assets 2023: $1,556,830Liabilities 2023: $1,650Net Assets 2023: $1,555,1802023Assets 2024: $1,524,071Liabilities 2024: $160Net Assets 2024: $1,523,9112024

Highlighted filing

2019

Assets$1,003,023
Liabilities$311
Net Assets$1,002,712
Open 2019 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,207,213Expenses 2015: $1,038,633Net Income 2015: $168,5802015Revenue 2016: $1,164,304Expenses 2016: $1,125,170Net Income 2016: $39,1342016Revenue 2017: $1,404,856Expenses 2017: $828,208Net Income 2017: $576,6482017Revenue 2018: $552,697Expenses 2018: $963,265Net Income 2018: -$410,5682018Revenue 2019: $1,092,103Expenses 2019: $737,499Net Income 2019: $354,6042019Revenue 2020: $917,154Expenses 2020: $312,157Net Income 2020: $604,9972020Revenue 2021: $978,171Expenses 2021: $882,334Net Income 2021: $95,8372021Revenue 2022: $680,569Expenses 2022: $966,733Net Income 2022: -$286,1642022Revenue 2023: $1,060,177Expenses 2023: $922,379Net Income 2023: $137,7982023Revenue 2024: $925,310Expenses 2024: $956,579Net Income 2024: -$31,2692024

Highlighted filing

2019

Revenue$1,092,103
Expenses$737,499
Net Income$354,604
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.0
Gross Receipts
$1,092,103
Mission and Program Overview

Mission

The organization's mission is to improve colorado's economy and society through effective, efficient, and accountable investments in education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$424,180$534,869▲ $110,689
Pledges and Grants Receivable$115,000$396,500▲ $281,500
Cash and Non-Interest-Bearing Accounts$108,928$71,654▼ $37,274
Total Assets$648,108$1,003,023▲ $354,915
Liabilities
Accounts Payable and Accrued Expenses-$311-
Total Liabilities$0$311▲ $311
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$426,318$946,762▲ $520,444
Net Assets With Donor Restrictions$221,790$55,950▼ $165,840
Total Net Assets Fund Balance$648,108$1,002,712▲ $354,604
Total Liabilities and Net Assets / Fund Balance$648,108$1,003,023▲ $354,915
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Terri CaineChair
Estela Lopez GudinoDirector
Fred LodgeDirector
Gretchen ColeDirector
Jon Fox-rubinDirector
Lynda WeiserDirector
Richard VosslerDirector
Soledad HurstDirector
Ron OlsenSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,089,666
Program Service Revenue
$0
Investment Income
$2,437
Other Revenue
$0
All Other Contributions
$949,666
Change in Net Assets
$354,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,092,103
Total Revenue per Audited Statements
$1,092,103
Total Revenue per Form 990
$1,092,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$666,953
Other Expenses$61,360
Total Fundraising Expense$11,141
Salaries, Compensation, and Employee Benefits$9,186
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$666,953--$666,953
Fees for Services Accounting-$36,970-$36,970
Other Salaries and Wages$8,859--$8,859
Fees for Services Other--$4,930$4,930
Advertising$4,269--$4,269
Office Expenses$2,642$1,263-$3,905
Occupancy-$1,766-$1,766
Insurance-$1,558-$1,558
Information Technology-$664-$664
Payroll Taxes$327--$327
Other Expenses$772$188$6,211$188
Travel$127--$127
Total Functional Expenses$683,949$42,409$11,141$737,499

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$737,499
Total Expenses per Audited Statements$737,499
Total Expenses per Form 990$737,499
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Entrepreneurial Ventures in EducQuincy, MA501c3Program Support$666,953
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
De Ann GarrisonSpouse BoardAccounting ServicesNo$30,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 was circulated to the board prior to submission, and was approved by the board chair and the finance committee.”

Form 990, Page 6, Part VI, Line 12C

“Members of the board are asked regularly whether any potential conflicts exist. To this date, no conflicts have been identified.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies, and financial statements are available upon request. The 990 and other documents are also available at www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Summit54
EIN
27-2978700
Phone
3039747551
Address
1550 LARIMER ST 770, DENVER, CO 80202

Signing Officer

Name
Terri Caine
Title
Chair
Phone
3039747551
Signed
2020-05-15

Organization Details

Principal Officer
Terri Caine
Formed
2010
Voting Board Members
9
Independent Board Members
8
Employees
1

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 3

“The college track program wrapped up in 2018, so the summer advantage program is the only one currently running.”

Raw XML Appendix384 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/USAddress/CityNm0QUINCY
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE BOARD
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt030000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ACCOUNTING SERVICES
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IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COLLEGE TRACK PROGRAM WRAPPED UP IN 2018, SO THE SUMMER ADVANTAGE PROGRAM IS THE ONLY ONE CURRENTLY RUNNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS CIRCULATED TO THE BOARD PRIOR TO SUBMISSION, AND WAS APPROVED BY THE BOARD CHAIR AND THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD ARE ASKED REGULARLY WHETHER ANY POTENTIAL CONFLICTS EXIST. TO THIS DATE, NO CONFLICTS HAVE BEEN IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE 990 AND OTHER DOCUMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRI CAINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
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ReturnHeader/FilingSecurityInformation/IPDt02020-05-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:31:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203746583
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR ROTH AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 GRANT ST STE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0802032944
ReturnHeader/PreparerPersonGrp/PhoneNum03038308109
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEN ROTH
ReturnHeader/ReturnTs02020-05-18T11:31:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,003,023
Liabilities
$311
Net assets
$1,002,712
Revenue
$1,092,103
Expenses
$737,499
Net income
$354,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.00$1.52$0.93$0.96$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.00$1.56$1.06$0.92$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.00$1.42$0.68$0.97$0.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.00$1.70$0.98$0.88$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$0.92$0.31$0.60
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.09$0.74$0.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$0.55$0.96$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.00$0.96$1.40$0.83$0.58
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.03$0.38$1.16$1.13$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.01$0.34$1.21$1.04$0.17