Civic Intelligence

Summit54

990 • Fiscal year 2023 • EIN 27-2978700

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 03, 2024

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

(720) 320-0198

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

63rd percentile

9.8%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

56%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$1,556,830

Up $139,448 (+9.8%) from 2022

Net Assets

Up

$1,555,180

Up $137,798 (+9.7%) from 2022

Liabilities

Up

$1,650

Up $1,650 from 2022

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin66th percentile

Revenue

Up

$1,060,177

Up $379,608 (+56%) from 2022

Expenses

Down

$922,379

Down $44,354 (-4.6%) from 2022

Net Income

Up

$137,798

Up $423,962 (+148%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2023

Assets$1,556,830
Liabilities$1,650
Net Assets$1,555,180
Open 2023 Filing

Operations Trend

Revenue Growth85th 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

2023

Revenue$1,060,177
Expenses$922,379
Net Income$137,798
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 3, 2024
Return Version
2023v5.0
Gross Receipts
$1,060,177
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$904,298$1,014,112▲ $109,814
Pledges and Grants Receivable$65,000$317,364▲ $252,364
Cash and Non-Interest-Bearing Accounts$437,678$225,354▼ $212,324
Prepaid Expenses and Deferred Charges$10,406--
Total Assets$1,417,382$1,556,830▲ $139,448
Liabilities
Accounts Payable and Accrued Expenses-$1,650-
Total Liabilities$0$1,650▲ $1,650
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,394,286$1,555,180▲ $160,894
Net Assets With Donor Restrictions$23,096--
Total Net Assets Fund Balance$1,417,382$1,555,180▲ $137,798
Total Liabilities and Net Assets / Fund Balance$1,417,382$1,556,830▲ $139,448
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Terri CaineChair
Estela Lopez GudinoDirector
Gretchen ColeDirector
Michael SolondzDirector
Romina Chissum LagosDirector
Soledad HurstDirector
Ron OlsenSecretary
Richard VosslerTreasurer
Fred LodgeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,042,826
Program Service Revenue
$0
Investment Income
$17,351
Other Revenue
$0
All Other Contributions
$870,126
Change in Net Assets
$137,798

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,060,177
Revenue Not Reported on Form 990
$255,000
Total Revenue per Audited Statements
$1,315,177
Total Revenue per Form 990
$1,060,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$704,025
Other Expenses$218,187
Salaries, Compensation, and Employee Benefits$167
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$704,025--$704,025
Fees for Services Other$123,964--$123,964
Fees for Services Accounting-$32,600-$32,600
Advertising$12,483$4,386-$16,869
Office Expenses-$6,061-$6,061
Insurance-$1,345-$1,345
Other Expenses$2,560$950-$950
Payroll Taxes$167--$167
Total Functional Expenses$873,889$48,490$0$922,379

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,177,379
Expenses per Audited Statements$922,379
Total Expenses per Form 990$922,379
Expenses Not Reported on Form 990$255,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Entrepreneurial Ventures in EducQuincy, MA501c3Program Support$704,025
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
7203200198
Address
625 E MAIN STREET SUITE 102B-115, ASPEN, CO 81611

Signing Officer

Name
Terri Caine
Title
Chair
Phone
3039747551
Signed
2024-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terri Caine
Formed
2010
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Program contractors 113,764 0 0 bonuses for teachers 10,200 0 0 total 123,964 0 0”

Raw XML Appendix383 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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IRS990/Desc0SUMMER ADVANTAGE USA: SUMMIT54 CONTINUED ITS PARTNERSHIP WITH SUMMER ADVANTAGE USA TO COMBAT SUMMER LEARNING LOSS. THROUGH A 5-WEEK SUMMER PROGRAM INCLUDING RIGOROUS ACADEMIC INSTRUCTION, PHYSICAL FITNESS, ENRICHMENT PROGRAMS, AND EXTRA-CURRICULAR ACTIVITIES, STUDENTS GAIN AN AVERAGE OF 2.5 MONTHS IN BOTH MATH AND READING SKILLS. THIS UNIQUE, FREE PROGRAM - BASED ON EXTENSIVE NATIONAL RESEARCH - ALLOWS STUDENTS TO RAISE THEIR ACHIEVEMENT, BECOME HEALTHIER AND MORE PHYSICALLY FIT, IMPROVE THEIR SELF-ESTEEM, AND RETURN TO SCHOOL BETTER PREPARED TO SUCCEED ACADEMICALLY, WITH STRONGER MINDS AND BODIES. SUMMIT54'S SUMMER ADVANTAGE PROGRAM SERVES 550 STUDENTS ANNUALLY.
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01001 MARINA DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0QUINCY
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IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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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/ExplanationTxt3PROGRAM CONTRACTORS 113,764 0 0 BONUSES FOR TEACHERS 10,200 0 0 TOTAL 123,964 0 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-04
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ReturnHeader/ReturnTs02024-04-04T11:56:32-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRI
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,556,830
Liabilities
$1,650
Net assets
$1,555,180
Revenue
$1,060,177
Expenses
$922,379
Net income
$137,798
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
2023Detailed filing. Detailed filing data is available for this year.$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
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