One Summit Inc
- Assets
- $548.0k
- Revenue
- $537.1k
- Investments
- $0.0
- Employees
- 2
- Location
- North Andover, MA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-4659654
Organization Overview
One Summit Inc is located in North Andover, MA. The organization was established in 2015. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2021, One Summit Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Summit 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 12/2021, One Summit Inc generated $537.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $346.8k during the year ending 12/2021. While expenses have increased by 38.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ONE SUMMIT'S MISSION IS TO HELP CHILDHOOD CANCER PATIENTS BUILD COURAGE, SELF-CONFIDENCE, AND RESILIENCE THROUGH EXPERIENTIAL LEARNING AND MENTORSHIP WITH A U.S. NAVY SEAL. OUR EXPERIENTIAL LEARNING TAKES PLACE IN THE FORM OF INDOOR ROCK CLIMBING, AT A CLIMB FOR COURAGE. THROUGH THIS EXCITING, CHALLENGING, AND SAFE ADVENTURE, WE INDUCE INDIVIDUAL CHALLENGES THAT EMPOWER THE CHILDREN TO ACHIEVE GROWTH THROUGH CONQUERING ADVERSITY. THE LONG-LASTING NAVY SEAL MENTORS INSPIRE THE HOPE AND RESILIENCE THESE LITTLE WARRIORS NEED TO CONTINUE THEIR FIGHT AGAINST CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZES EVENTS FOR THE CHILDHOOD CANCER PATIENTS AND HELP THEM TO BUILD COURAGE, SELF-CONFIDENCE, AND RESILIENCE THROUGH EXPERIENTIAL LEARNING AND MENTORSHIP WITH A U.S. NAVY SEAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne M Lynch Exe Director | Officer | 40 | $105,950 |
Matthew Fedor Clerk | OfficerTrustee | 2 | $0 |
John Roth Treasurer | OfficerTrustee | 2 | $0 |
Adam Lareau Chairman/pres | OfficerTrustee | 10 | $0 |
James Flatley Director | Trustee | 2 | $0 |
Jason Mitchell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $218,598 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,693 |
| Noncash contributions included in lines 1a–1f | $26,422 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,291 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36 |
| Net Income from Fundraising Events | -$10,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,081 |
| 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. | $105,950 |
| Compensation of current officers, directors, key employees. | $10,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,910 |
| Payroll taxes | $17,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,552 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,725 |
| Travel | $1,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,689 |
| Insurance | $8,755 |
| All other expenses | $17,083 |
| Total functional expenses | $346,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526,160 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| 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 | $3,105 |
| Net Land, buildings, and equipment | $8,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $548,004 |
| Accounts payable and accrued expenses | $7,605 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,605 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $540,399 |
| Total liabilities and net assets/fund balances | $548,004 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that One Summit Inc has recieved totaling $75,615.
| Awarding Organization | Amount |
|---|---|
Mooney-Reed Charitable Foundation Tr Concord, MA PURPOSE: GENERAL FUND | $25,000 |
Dale H And Jeane V Smart Foundation Gibsonia, PA PURPOSE: PEDIATRIC CANCER SUPPORT | $15,000 |
Dcu For Kids Marlborough, MA | | $10,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,722 |
Robert I Wishnick Foundation Ponderay, ID PURPOSE: GENERAL | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Care Design New York Llc Albany, NY | $58,406,708 | $119,726,125 |
Achieve Behavioral Health Airmont, NY | $24,875,232 | $34,586,608 |
Chai Lifeline Inc New York, NY | $26,757,379 | $32,449,986 |
Ronald Mcdonald House Of New York Inc New York, NY | $139,787,663 | $13,785,950 |
Parents Information Group For Exceptional Children Inc Syracuse, NY | $9,814,349 | $10,936,135 |
Make-A-Wish Foundation Of Metro New York And Western New York New York, NY | $22,644,379 | $8,717,890 |
The Hospital Cottages For Children Southborough, MA | $6,634,641 | $8,685,651 |
Make-A-Wish Foundation Of Massachusetts And Rhode Island Inc Boston, MA | $19,449,971 | $5,852,582 |
Ronald Mcdonald House Charities New York Metro Inc New Hyde Park, NY | $27,231,643 | $8,955,220 |
Healthcare Chaplaincy Inc New York, NY | $8,394,087 | $3,509,010 |
Make-A-Wish Foundation Of Ct Inc Trumbull, CT | $14,751,586 | $5,558,740 |
Childrens Health Home Of Wny Inc Buffalo, NY | $1,132,387 | $3,208,101 |