Summit Ministries Inc

Organization Overview

Summit Ministries Inc, operating under the name Summit Ministries, is located in Manitou Springs, CO. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Summit Ministries employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Ministries 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, Summit Ministries generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $9.2m during the year ending 12/2021. While expenses have increased by 7.2% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EQUIP & SUPPORT RISING GENERATIONS TO EMBRACE GOD'S TRUTH & CHAMPION A BIBLICAL WORLDVIEW.

Describe the Organization's Program Activity:

SUMMIT YOUTH MINISTRIES SUMMER PROGRAMS - EDUCATE STUDENTS AGES 16-25 IN CHRISTIAN WORLDVIEW THINKING, PREPARING THEM FOR THE BATTLE OF IDEAS THAT THEY WILL FACE IN COLLEGE AND IN CULTURE. THE TWO-WEEK IN PERSON CONFERENCES FEATURE OVER 60 HOURS AND ONE-WEEK VIRTUAL (THROUGH ZOOM) CONFERENCES FEATURE OVER 30 HOURS OF INSTRUCTION IN WORLDVIEW ANALYSIS, CHRISTIAN APOLOGETICS, AND LEADERSHIP FROM A FACULTY OF WORLD-CLASS INSTRUCTORS.


CURRICULUM DEVELOPMENT AND SALES - PUBLISHED MATERIALS TO EDUCATE STUDENTS AND ADULTS IN CHRISTIAN WORLDVIEW THINKING, PREPARING THEM FOR THE BATTLE OF IDEAS THAT THEY WILL FACE IN COLLEGE AND IN CULTURE.


SUMMIT SEMESTER PROGRAM - A 12-WEEK CHRIST-CENTERED ACADEMIC RETREAT, LOCATED NEAR PAGOSA SPRINGS, COLORADO, DESIGNED FOR POST HIGH SCHOOL GRADUATES. THE RETREAT PREPARES YOUNG CHRISTIAN THINKERS TO ADDRESS THE DICHOTOMY SEPARATING FAITH FROM REASON. MAJOR COURSES INCLUDE HISTORY OF CHRISTIAN THOUGHT, CHRISTIANITY AND POLITICS, AND ENGLISH LITERATURE. MINOR COURSES INCLUDE PHILOSOPHY, ART, THEOLOGY & THE CHURCH, CULTURAL APOLOGETICS, AND BIBLE SURVEY.


ADDITIONAL PROGRAMS - ALUMNI NETWORK, CONSULTING, SPEAKING AND TEACHING


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Myers
President
$287,987
Aaron Atwood
VP Advancement
$187,567
Jeff Wood
CFO And Treasurer
$178,565
Jason Graham
VP Publishing
$118,607
Joseph Amandee
It Director
$112,189
Julie H Ambler
Chair Person
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Westfall Group Inc
Event Coordinator
$279,736
Global Procument Solutions
Printing And Shipping
$236,529
Brewer Direct Inc
Advertising
$223,823
Four Seasons Resort Scottsdale
Sponsor Facility
$192,248
The Parable Group
Advertising
$162,390
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,471,110
Related organizations$0
Government grants $783,878
All other contributions, gifts, grants, and similar amounts not included above$5,828,175
Noncash contributions included in lines 1a–1f $538,823
Total Revenue from Contributions, Gifts, Grants & Similar$8,083,163
Total Program Service Revenue$2,787,276
Investment income $52,291
Tax Exempt Bond Proceeds $0
Royalties $34,873
Net Rental Income -$266,596
Net Gain/Loss on Asset Sales $39,434
Net Income from Fundraising Events -$695,887
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,364,357
Miscellaneous Revenue$0
Total Revenue $12,358,452

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Summit Ministries Inc has recieved totaling $2,323,847.

Awarding OrganizationAmount
$885,360
Price Foundation Inc

Louisville, KY

PURPOSE: WORSHIP SUPPORT

$513,265
Servant Foundation

Overland Park, KS

PURPOSE: RELIGIOUS MINISTRY

$350,000
Sid And Carol Verdoorn Family Foundation

Dallas, TX

PURPOSE: OPERATING

$250,000
Christian Community Foundation Inc

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT,MINISTRY SUPPORT

$85,150
Hills Bank Donor Advised Gift Fund

North Liberty, IA

PURPOSE: General support

$54,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$559,645
Earnings$91,513
Ending Balance$651,158

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