Summit Impact a Nonprofit Corporation

“Summit impact does not have a committee with authority to act on behalf of the governing body, as the organization continues to develop, it plans to establish addional committees to support the board's oversight and management responsibilities.”

“Summit impact's form 990 was prepared by the external accounting firm in collaboration with its financial department. A completed copy of the form is distributed to the full board of directors for its review and comment. Upon approval by the board, the form 990 is electronically filed with the irs.”

“Summit impact established a conflict of interest polocy that governs all officers, board members and employees of the organization. These individuals are required to disclose any potential conflict of interest to the full board of directors prior to engaging in the transaction and /or relationship. The board of directors shall determine by majority vote whether the potential transaction or relatioship implicates a conflict of interest. If a conflict is deemed to exist, the impacted individual will be recused from any deliberation with respect to such contract or transaction and the remaining board members will resolve the conflict in manner that fulfills their fiduciary obligation to the organization. The minutes of the meeting shall reflect the disclosure made, the vote thereon and , when aplicable, the abstention from voting and participation, and wheather a quorum is present.”

“YES”

“Summit impact makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is, likewise, published on the internet at www.guidestar.org. The organization's governing documents, conflict of interest policy and financial statements are available upon request at management's discretion.”

“To drive social good through innovative ecosystems that faciitate collaboration across disciplines. Summit immpact builds ecosystems of innovation around esceptional social impact leaders. By activating the summit community - a network of activists, artists, athletes, entepreneurs, performers, and scientists - we leverage the power of collaboration and crativity to scale impact objectives in specific topic areas.”

“Outside contractors 48,970 17,037 63,149 fees 0 714 0 total 48,970 17,751 63,149”

“The organization switched from cash to accrual basis of accounting in 2021. The 2020 form 990 was a short year return filled on cash basis. 2021 financial statements are issued on an accrual basis of accounting.”