Civic Intelligence

Summit54

990 • Fiscal year 2021 • EIN 27-2978700

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 22, 2022

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

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

9.8%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

43rd percentile

6.0%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

6.7%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,703,761

Up $95,902 (+6.0%) from 2020

Net Assets

Up

$1,703,546

Up $95,837 (+6.0%) from 2020

Liabilities

Up

$215

Up $65 (+43%) from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin45th percentile

Revenue

Up

$978,171

Up $61,017 (+6.7%) from 2020

Expenses

Up

$882,334

Up $570,177 (+183%) from 2020

Net Income

Down

$95,837

Down $509,160 (-84%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2021

Assets$1,703,761
Liabilities$215
Net Assets$1,703,546
Open 2021 Filing

Operations Trend

Revenue Growth43rd 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

2021

Revenue$978,171
Expenses$882,334
Net Income$95,837
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 22, 2022
Return Version
2021v4.0
Gross Receipts
$978,171
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$802,047$1,190,138▲ $388,091
Pledges and Grants Receivable$350,000$282,321▼ $67,679
Cash and Non-Interest-Bearing Accounts$455,812$231,302▼ $224,510
Total Assets$1,607,859$1,703,761▲ $95,902
Liabilities
Accounts Payable and Accrued Expenses$150$215▲ $65
Total Liabilities$150$215▲ $65
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,565,870$1,678,064▲ $112,194
Net Assets With Donor Restrictions$41,839$25,482▼ $16,357
Total Net Assets Fund Balance$1,607,709$1,703,546▲ $95,837
Total Liabilities and Net Assets / Fund Balance$1,607,859$1,703,761▲ $95,902
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$977,485
Program Service Revenue
$0
Investment Income
$686
Other Revenue
$0
All Other Contributions
$955,485
Change in Net Assets
$95,837

Audited Revenue Reconciliation

Revenue per Audited Statements
$978,171
Revenue Not Reported on Form 990
$255,000
Total Revenue per Audited Statements
$1,233,171
Total Revenue per Form 990
$978,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$662,325
Other Expenses$163,868
Salaries, Compensation, and Employee Benefits$56,141
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$662,325--$662,325
Fees for Services Other$86,720--$86,720
Other Salaries and Wages$53,912$711-$54,623
Fees for Services Accounting-$31,500-$31,500
Office Expenses$18,080$1,348-$19,428
Payroll Taxes$1,518--$1,518
Advertising$1,358--$1,358
Information Technology-$1,351-$1,351
Insurance-$1,345-$1,345
Other Expenses$1,079$96-$1,175
Total Functional Expenses$842,120$40,214$0$882,334

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,137,334
Expenses per Audited Statements$882,334
Total Expenses per Form 990$882,334
Expenses Not Reported on Form 990$255,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Entrepreneurial Ventures in EducQuincy, MA501c3Program Support$662,325
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-
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
2022-06-22

Organization Details

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

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Diane K Granger
Phone
3038308109
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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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0915785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01089666
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0550352
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01403866
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04937154
IRS990ScheduleA/TotalSupportAmt04944981
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0255000
IRS990ScheduleD/ExpensesNotReportedAmt0255000
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IRS990ScheduleD/RevenueNotReportedAmt0255000
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IRS990ScheduleD/TotalExpensesPerForm990Amt0882334
IRS990ScheduleD/TotalRevenuePerForm990Amt0978171
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01233171
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01137334
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0662325
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
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DE ANN GARRISON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
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/ExplanationTxt0THE 990 WAS CIRCULATED TO THE BOARD PRIOR TO SUBMISSION, AND WAS APPROVED BY THE BOARD CHAIR AND THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD ARE ASKED REGULARLY WHETHER ANY POTENTIAL CONFLICTS EXIST. TO THIS DATE, NO CONFLICTS HAVE BEEN IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE 990 AND OTHER DOCUMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01607859
IRS990/TotalAssetsEOYAmt01703761
IRS990/TotalAssetsGrp/BOYAmt01607859
IRS990/TotalAssetsGrp/EOYAmt01703761
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IRS990/TotalContributionsAmt0977485
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040214
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0842120
IRS990/TotalFunctionalExpensesGrp/TotalAmt0882334
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0150
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IRS990/TotalLiabilitiesGrp/EOYAmt0215
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IRS990/TotalProgramServiceExpensesAmt0842120
IRS990/TotalRevenueGrp/ExclusionAmt0686
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0978171
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01607859
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0ASPEN
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081611
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
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/SignatureDt02022-06-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT54
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0272978700
ReturnHeader/Filer/PhoneNum03039747551
ReturnHeader/Filer/USAddress/AddressLine1Txt0625 E MAIN STREET SUITE 102B-115
ReturnHeader/Filer/USAddress/CityNm0ASPEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
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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/PreparationDt02022-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DIANE K GRANGER
ReturnHeader/ReturnTs02022-06-23T16:38:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAINE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,703,761
Liabilities
$215
Net assets
$1,703,546
Revenue
$978,171
Expenses
$882,334
Net income
$95,837
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
2021Detailed filing. Detailed filing data is available for this year.$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
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