Civic Intelligence

Summit54

990 • Fiscal year 2020 • EIN 27-2978700

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

Organization ProfileWWW.SUMMIT54.ORG
625 E Main Street Suite 102b-115Aspen, CO 81611

(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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

88th percentile

60%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-16%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,607,859

Up $604,836 (+60%) from 2019

Net Assets

Up

$1,607,709

Up $604,997 (+60%) from 2019

Liabilities

Down

$150

Down $161 (-52%) from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin94th percentile

Revenue

Down

$917,154

Down $174,949 (-16%) from 2019

Expenses

Down

$312,157

Down $425,342 (-58%) from 2019

Net Income

Up

$604,997

Up $250,393 (+71%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2020

Assets$1,607,859
Liabilities$150
Net Assets$1,607,709
Open 2020 Filing

Operations Trend

Revenue Growth27th 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

2020

Revenue$917,154
Expenses$312,157
Net Income$604,997
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.0
Gross Receipts
$917,154
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$534,869$802,047▲ $267,178
Cash and Non-Interest-Bearing Accounts$71,654$455,812▲ $384,158
Pledges and Grants Receivable$396,500$350,000▼ $46,500
Total Assets$1,003,023$1,607,859▲ $604,836
Liabilities
Accounts Payable and Accrued Expenses$311$150▼ $161
Total Liabilities$311$150▼ $161
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$946,762$1,565,870▲ $619,108
Net Assets With Donor Restrictions$55,950$41,839▼ $14,111
Total Net Assets Fund Balance$1,002,712$1,607,709▲ $604,997
Total Liabilities and Net Assets / Fund Balance$1,003,023$1,607,859▲ $604,836
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$915,785
Program Service Revenue
$0
Investment Income
$1,369
Other Revenue
$0
All Other Contributions
$810,785
Change in Net Assets
$604,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$917,154
Total Revenue per Audited Statements
$917,154
Total Revenue per Form 990
$917,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$270,025
Grants and Similar Amounts Paid$25,726
Salaries, Compensation, and Employee Benefits$16,406
Total Fundraising Expense$2,925
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$202,856--$202,856
Fees for Services Accounting-$31,384-$31,384
Grants to Domestic Orgs$25,726--$25,726
Office Expenses$18,717$1,074-$19,791
Other Salaries and Wages$15,191--$15,191
Insurance-$1,553-$1,553
Payroll Taxes$1,215--$1,215
Information Technology-$1,111-$1,111
Travel$240$215$92$547
Other Expenses$486-$2,833$486
Total Functional Expenses$273,895$35,337$2,925$312,157

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$312,157
Total Expenses per Audited Statements$312,157
Total Expenses per Form 990$312,157
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Entrepreneurial Ventures in EducQuincy, MA501c3Program Support$25,726
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$24,000
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
625 E MAIN STREET SUITE 102B-115, ASPEN, CO 81611

Signing Officer

Name
Terri Caine
Title
Chair
Phone
3039747551
Signed
2021-05-12

Organization Details

Principal Officer
Terri Caine
Formed
2010
Voting Board Members
9
Independent Board Members
8
Employees
2
Volunteers
30

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

“During 2020, the covid-19 pandemic forced the organization to cancel its signature summer program for k-4 students in the roaring fork valley. In response, the organization created a new outdoor tutoring model enabling small groups of elementary students to enhance their academic learning in socially distanced settings following cdc health guidelines. The summer and fall tutoring programs collectively enrolled nearly 500 students.”

Form 990, Page 2, Part III, Line 3

“While the organization entered the partnership for 2020, due to resrictions from the covid-19 pandemic the summer advantage program did not take place.”

Form 990, Part IX, Line 11G

“Program contractors 202,856 0 0”

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/CashGrantAmt025726
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ENTREPRENEURIAL VENTURES IN EDUC
IRS990ScheduleI/RecipientTable/RecipientEIN0263185485
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01001 MARINA DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0QUINCY
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DE ANN GARRISON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE BOARD
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ACCOUNTING SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING SERVICES FOR THE ORGANIZATION ARE PROVIDED BY AN ACCOUNTING FIRM OWNED AND MANAGED BY THE SPOUSE OF A BOARD MEMBER. THE BOARD HAS EVALUATED THIS RELATIONSHIP IN RELATION TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, AND HAS DETERMINED THAT IT IS IN THE BEST INTERESTS OF THE ORGANIZATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 2020, THE COVID-19 PANDEMIC FORCED THE ORGANIZATION TO CANCEL ITS SIGNATURE SUMMER PROGRAM FOR K-4 STUDENTS IN THE ROARING FORK VALLEY. IN RESPONSE, THE ORGANIZATION CREATED A NEW OUTDOOR TUTORING MODEL ENABLING SMALL GROUPS OF ELEMENTARY STUDENTS TO ENHANCE THEIR ACADEMIC LEARNING IN SOCIALLY DISTANCED SETTINGS FOLLOWING CDC HEALTH GUIDELINES. THE SUMMER AND FALL TUTORING PROGRAMS COLLECTIVELY ENROLLED NEARLY 500 STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHILE THE ORGANIZATION ENTERED THE PARTNERSHIP FOR 2020, DUE TO RESRICTIONS FROM THE COVID-19 PANDEMIC THE SUMMER ADVANTAGE PROGRAM DID NOT TAKE PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 WAS CIRCULATED TO THE BOARD PRIOR TO SUBMISSION, AND WAS APPROVED BY THE BOARD CHAIR AND THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE BOARD ARE ASKED REGULARLY WHETHER ANY POTENTIAL CONFLICTS EXIST. TO THIS DATE, NO CONFLICTS HAVE BEEN IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE 990 AND OTHER DOCUMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROGRAM CONTRACTORS 202,856 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035337
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IRS990/TotalGrossUBIAmt00
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IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.SUMMIT54.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRI CAINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03039747551
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-11
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ReturnHeader/ReturnTs02021-05-11T17:41:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRI
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,607,859
Liabilities
$150
Net assets
$1,607,709
Revenue
$917,154
Expenses
$312,157
Net income
$604,997
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
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.92$0.31$0.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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