Civic Intelligence

Summit Foundation

990 • Fiscal year 2023 • EIN 30-0595477

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 13, 2024

Organization ProfileN/A
14830 Choate CircleCharlotte, NC 28241-7900

(704) 587-1403

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

1st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

42nd percentile

0.1%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

3rd percentile

$85,804

Higher top officer pay than 3% of similar nonprofits.

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

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

89th percentile

23%

Faster asset growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

446958%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$4,924,079

Up $928,338 (+23%) from 2022

Net Assets

Up

$4,924,079

Up $928,338 (+23%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin42nd percentile

Revenue

Up

$447,080,568

Up $446,980,563 (+446958%) from 2022

Expenses

Up

$446,711,946

Up $446,599,584 (+397465%) from 2022

Net Income

Up

$368,622

Up $380,979 (+3083%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$80M$60M$40M$20M$0Assets 2017: $50,957,207Liabilities 2017: $12,620Net Assets 2017: $50,944,5872017Assets 2018: $51,910,523Liabilities 2018: $211Net Assets 2018: $51,910,3122018Assets 2019: $51,203,610Liabilities 2019: $211Net Assets 2019: $51,203,3992019Assets 2020: $50,851,473Liabilities 2020: $0Net Assets 2020: $50,851,4732020Assets 2021: $3,419,609Liabilities 2021: $0Net Assets 2021: $3,419,6092021Assets 2022: $3,995,741Liabilities 2022: $0Net Assets 2022: $3,995,7412022Assets 2023: $4,924,079Liabilities 2023: $0Net Assets 2023: $4,924,0792023Assets 2024: $77,373,055Liabilities 2024: $0Net Assets 2024: $77,373,0552024

Highlighted filing

2023

Assets$4,924,079
Liabilities$0
Net Assets$4,924,079
Open 2023 Filing

Operations Trend

Revenue Growth100th percentile

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

$600M$400M$200M$0-$200MRevenue 2017: $5,800,368Expenses 2017: $7,550,875Net Income 2017: -$1,750,5072017Revenue 2018: $4,200,192Expenses 2018: $3,234,467Net Income 2018: $965,7252018Revenue 2019: $3,500,235Expenses 2019: $4,232,148Net Income 2019: -$731,9132019Revenue 2020: $15Expenses 2020: $351,941Net Income 2020: -$351,9262020Revenue 2021: $100,005Expenses 2021: $127,532,699Net Income 2021: -$127,432,6942021Revenue 2022: $100,005Expenses 2022: $112,362Net Income 2022: -$12,3572022Revenue 2023: $447,080,568Expenses 2023: $446,711,946Net Income 2023: $368,6222023Revenue 2024: $104,295,775Expenses 2024: $43,309Net Income 2024: $104,252,4662024

Highlighted filing

2023

Revenue$447,080,568
Expenses$446,711,946
Net Income$368,622
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 13, 2024
Return Version
2023v5.1
Gross Receipts
$447,080,568
Mission and Program Overview

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.

To further the kingdom of god by supporting beneficiary organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,990,396$4,877,583▲ $887,187
Savings and Temporary Cash Investments$4,781$45,950▲ $41,169
Cash and Non-Interest-Bearing Accounts$564$546▼ $18
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,995,741$4,924,079▲ $928,338
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,995,741$3,995,741→ $0
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,995,741$4,924,079▲ $928,338
Total Liabilities and Net Assets / Fund Balance$3,995,741$4,924,079▲ $928,338

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$4,877,583--
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleOtherTotal
Rene PalacioPRESIDENT & Director$85,804$85,804

Board Members and Trustees

NameTitle
Ronald WilliamsDirector
Fred ElySecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$446,300,000
Program Service Revenue
$0
Investment Income
$780,568
Other Revenue
$0
All Other Contributions
$446,300,000
Change in Net Assets
$368,622

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts1$446,300,000Appraisal
Total Noncash Contributions1$446,300,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$446,677,500
Other Expenses$34,446
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$446,677,500--$446,677,500
Fees for Services Legal$14,364$14,364$0$28,728
Fees for Services Accounting$1,482$1,483$0$2,965
Other Expenses-$2,753-$2,753
Total Functional Expenses$446,693,346$18,600$0$446,711,946
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NCF Charitable TrustClearwater, FL501(c)(3)Ministry support$340,000
Sim USA IncCharlotte, NC501(c)(3)Ministry Support$22,500
Horizons Expeditions IncRichmond, VA501(c)(3)Ministry Support$15,000
CEDE SportsWheaton, IL501(c)(3)Ministry Support-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
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, PART VI, SECTION A, LINE 8B:

“The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.”

FORM 990, PART VI, SECTION B, LINE 11B:

“The form 990 is prepared by an independent cpa firm. The 990 is reviewed in detail by the organization's top management and the board prior to filing with the irs.”

FORM 990, PART VI, SECTION B, LINE 12C:

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The president is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

FORM 990, PART VI, SECTION B, LINE 15:

“Questions 15a and 15b - the organization does not compensate any offcers or key employees. Therefore, these lines were answered no in accordance with the instructions.”

FORM 990, PART VI, SECTION C, LINE 19:

“The governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Foundation
EIN
30-0595477
In Care Of
% FRED ELY
Phone
7045871403
Address
14830 Choate Circle, Charlotte, NC 28241-7900

Signing Officer

Name
Fred Ely
Title
Secretary, Treasurer
Phone
7049967520
Signed
2024-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene Palacio
Formed
2009
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Bdo USA
Address
200 OTTAWA AVE NW STE 300, GRAND RAPIDS, MI 49503
Preparer
Christopher Armstrong
Phone
6167747000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION 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 beneficiary organizations.”

Raw XML AppendixShowing 400 of 492 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/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04781
IRS990/SavingsAndTempCashInvstGrp/EOYAmt045950
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FACT THAT THE FOUNDATION IS OPERATED, SUPERVISED AND CONTROLLED IN CONNECTION WITH ONE OR MORE PUBLICLY SUPPORTED CHARITABLE ORGANIZATIONS, SPECIFICALLY SIM USA, INC IS CLEARLY ESTABLISHED THROUGH THE FOLLOWING FACTS: 1) SIM USA, INC HAS THE RIGHT TO NAME ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS. 2) THE ASSETS OF THE FOUNDATION HAVE TO ULTIMATELY BE USED FOR OR DISTRIBUTED IN ACCORDANCE WITH THE APPROVAL AND DIRECTION OF SIM USA, INC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE BOARD OF SIM USA AFFIRMS AND APPROVES THE BOARD MEMBERS OF SUMMIT FOUNDATION AND THOSE BOARD MEMBERS APPROVE ALL OF THE GRANTS OF SUMMIT FOUNDATION TO ORGANIZATIONS WITH SIMILAR CHARITABLE PURPOSES TO THOSE OF SIM USA. IN THE CASE OF GRANTS TO NCF, THOSE GRANTS ARE TO A DONOR ADVISED FUND OF WHICH THE BOARD MEMBERS OF SUMMIT FOUNDATION ARE THE ADVISORS AND THEY APPROVE ALL OF THE SUBSEQUENT GRANTS FROM THAT NCF ADVISED FUND TO ORGANIZATIONS WITH THE SAME CHARITABLE PURPOSES OF SIM USA.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 6:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0221936391
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0340000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SIM USA INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0340000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04877583
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PARTNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueSecuritiesAmt04877583
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0340000
IRS990ScheduleI/RecipientTable/CashGrantAmt122500
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0436300000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Partnership units
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Ministry support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Ministry Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Ministry Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Ministry Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NCF Charitable Trust
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SIM USA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HORIZONS EXPEDITIONS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CEDE Sports
IRS990ScheduleI/RecipientTable/RecipientEIN0204326440
IRS990ScheduleI/RecipientTable/RecipientEIN1221936391
IRS990ScheduleI/RecipientTable/RecipientEIN2521399545
IRS990ScheduleI/RecipientTable/RecipientEIN3561998983
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01901 Ulmerton Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt114830 Choate Circle
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 12342
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 4168
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0Suite 400
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Clearwater
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Charlotte
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Richmond
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Wheaton
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033762
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128273
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223241
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd360187
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Appraisal
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION REQUIRES RECIPIENTS TO PROVIDE REPORTS DETAILING THE USE OF FUNDS AND PROGRAM OUTCOMES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt04
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt01
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt0446300000
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B) THE NUMBER OF CONTRIBUTIONS RECEIVED.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE M, PART I, COLUMN B:
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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 BENEFICIARY ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. THE 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT AND THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE PRESIDENT IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4QUESTIONS 15A AND 15B - THE ORGANIZATION DOES NOT COMPENSATE ANY OFFCERS OR KEY EMPLOYEES. THEREFORE, THESE LINES WERE ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SIM USA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221936391
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MISSIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt014830 CHOATE CIRCLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028273
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false

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
$4,924,079
Liabilities
$0
Net assets
$4,924,079
Revenue
$447,080,568
Expenses
$446,711,946
Net income
$368,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.4$0.00$77.4$104$0.04$104
2023Detailed filing. Detailed filing data is available for this year.$4.92$0.00$4.92$447$447$0.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$0.00$4.00$0.10$0.11$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.42$0.00$3.42$0.10$128$127
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.9$0.00$50.9$0.00$0.35$0.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.2$0.00$51.2$3.50$4.23$0.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.9$0.00$51.9$4.20$3.23$0.97
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.0$0.01$50.9$5.80$7.55$1.75