Summit Leadership Foundation
- Assets
- $4.6m
- Revenue
- $1.1m
- Investments
- $4.8k
- Employees
- 13
- Location
- Johnson City, TN
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-1336099
Organization Overview
Summit Leadership Foundation is located in Johnson City, TN. The organization was established in 2004. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Summit Leadership Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Leadership Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Summit Leadership Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A RELATIONAL HUB THAT SERVES THE LOCAL AND BROADER BUSINEES, FAITH, AND NON-PROFIT COMMUNITY THROUGH CONNECTING, CONSULTING, COACHING, AND CARING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MINISTRY CONSULTING AND SUPPORT SERVICES, BOARD AND LEADERSHIP DEVELOPMENT, CARING, AND COACHING SERVICES THROUGH ESTABLISHING PROGRAMING AND STAFF AND MAXIMUM FACILITY UTILIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Overby Executive Director | Officer | 40 | $94,349 |
Bill Jones Chairman | OfficerTrustee | $0 | |
Stephen Dixon Treasurer | OfficerTrustee | $0 | |
Dumisa Nyarambi Secretary | OfficerTrustee | $0 | |
Raymond Mcbride Director | Trustee | $0 | |
Josh Smith Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $210,045 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $448,804 |
| Noncash contributions included in lines 1a–1f | $17,079 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,849 |
| Total Program Service Revenue | $341,065 |
| Investment income | $34,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,054,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,349 |
| Compensation of current officers, directors, key employees. | $9,435 |
| Compensation to disqualified persons | $403,663 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,547 |
| Payroll taxes | $30,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,675 |
| Advertising and promotion | $903 |
| Office expenses | $5,077 |
| Information technology | $14,241 |
| Royalties | $0 |
| Occupancy | $97,756 |
| Travel | $6,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,212 |
| Interest | $101,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,083 |
| Insurance | $10,796 |
| All other expenses | $967 |
| Total functional expenses | $1,362,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,063 |
| Savings and temporary cash investments | $744,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,235 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,149 |
| Net Land, buildings, and equipment | $3,634,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,647,562 |
| Accounts payable and accrued expenses | $14,605 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,217,399 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,449 |
| Total liabilities | $2,255,453 |
| Net assets without donor restrictions | $2,273,917 |
| Net assets with donor restrictions | $118,192 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,647,562 |