Summit Initiatives Foundation Inc
- Assets
- $1.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 45-4671150
Organization Overview
Summit Initiatives Foundation Inc is located in Fort Wayne, IN. The organization was established in 2013. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Initiatives Foundation Inc 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 Initiatives Foundation Inc generated $43.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.0%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUMMIT INITIATIVES FOUNDATION, A SUPPORTING ORGANIZATION, RESTRUCTURED IN 2017 AND TRANSFERRED THE MAJORITY OF ITS ASSETS TO THE COMMUNITY FOUNDATION OF GREATER FORT WAYNE, THE SUPPORTED ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Menze Board Presid | 1 | $0 | |
Sherry Early Secretary/tr | 1 | $0 | |
Christine Boles Director | 1 | $0 | |
Robert Slusser Director | 1 | $0 | |
Dom Gosheff Director | 1 | $0 | |
Susan Wesner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,084 |
| Other assets | $0 |
| Total assets | $1,084 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,084 |
Grants Awarded
Over the last fiscal year, Summit Initiatives Foundation Inc has awarded $78,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FW ALLEN COUNTY ECONOMIC DEVELOPMEN PURPOSE: PRE DEVELOPMENT WORK | $63,500 |
NORTHEAST INDIANA FOUNDATION PURPOSE: OPERATING SUPPORT | $15,000 |