Summit Heritage Foundation
- Assets
- $351.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 06/1990
- Data as of
- 12/2022
- EIN
- 41-1587612
Organization Overview
Summit Heritage Foundation is located in Mankato, MN. The organization was established in 1990. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Heritage Foundation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2022, Summit Heritage Foundation generated $93.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $115.4k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RENTAL INCOME FROM A 501(C)(3) ORGANIZATION WAS USED TO MAINTAIN AND OPERATE A BUILDING FOR THAT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Zellmer President | 1 | $0 | |
Mike Lagerquist Vice President | 1 | $0 | |
Preston Doyle Secretary/treas | 1 | $0 | |
Eric Oleson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $64,100 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $29,430 |
| Total Revenue | $93,530 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $860 |
| Occupancy, rent, utilities, and maintenance | $61,403 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,097 |
| Total expenses | $115,360 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,370 |
| Other assets | $0 |
| Total assets | $351,518 |
| Total liabilities | $0 |
| Net assets or fund balances | $351,518 |