The Summit Foundation

Organization Overview

The Summit Foundation is located in Breckenridge, CO. The organization was established in 1985. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Summit Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit 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 09/2021, Summit Foundation generated $6.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.5m during the year ending 09/2021. While expenses have increased by 7.6% per year over the past 6 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.

Since 2015, Summit Foundation has awarded 703 individual grants totaling $17,654,712. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING QUALIFIED TAX-EXEMPT ORGANIZATIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE PROVIDE GRANTS AND SUPPORT SERVICES FOR QUALIFIED TAX-EXEMPT ORGANIZATIONS AND SCHOLARSHIPS TO HELP HARD-WORKING STUDENTS ACHIEVE THEIR DREAMS OF COLLEGE OR OTHER POST-SECONDARY EDUCATION.AS THE LOCAL COMMUNITY FOUNDATION, WE ALSO PROVIDE LEADERSHIP AND SEED FUNDING FOR SPECIAL INITIATIVES TO ADDRESS CRITICAL COMMUNITY ISSUES.


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Board, Officers & Key Employees

Name (title)Compensation
Jeanne Bistranin
Executive Director
$138,919
David Hughes
Treasurer
$0
Cindy Bargell
President
$0
Nick Brinkman
Secretary
$0
Mark Spiers
Immediate Past President
$0
Brian Binge
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$217,638
Related organizations$0
Government grants $125,300
All other contributions, gifts, grants, and similar amounts not included above$5,528,732
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,871,670
Total Program Service Revenue$0
Investment income $330,678
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $244,591
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,446,939

Grants Awarded

Over the last fiscal year, The Summit Foundation has awarded $3,720,831 in support to 110 organizations.

Grant RecipientAmount

FAMILY & INTERCULTURAL RESOURCE CENTER

Org PageRecipient Profile

Silverthorne, CO

PURPOSE: GENERAL OPERATING SUPPORT

$303,456

SUMMIT COMMUNITY CARE CLINIC

Org PageRecipient Profile

Frisco, CO

PURPOSE: GENERAL OPERATING SUPPORT

$236,350

KEYSTONE SCIENCE SCHOOL INC

Org PageRecipient Profile

Keystone, CO

PURPOSE: PROGRAM, GENERAL OPERATING SUPPORT

$206,500

BRECKENRIDGE MUSIC

Org PageRecipient Profile

Breckenridge, CO

PURPOSE: PROGRAM SUPPORT

$147,000

Frisco, CO

PURPOSE: PROGRAM, GENERAL OPERATING SUPPORT

$121,000

SUMMIT COUNTY MOUNTAIN MENTORS

PURPOSE: PROGRAM SUPPORT

$114,300
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Summit Foundation has recieved totaling $9,000.

Awarding OrganizationAmount
Brunetti Family Charitable Foundation

Houston, TX

PURPOSE: GENERAL SUPPORT

$5,000
Antler Foundation Irrv Tr

St Louis, MO

PURPOSE: GENERAL CONTRIBUTION

$3,000
F Cubed Foundation

Frisco, CO

PURPOSE: FUND OPERATING EXPENSES

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,772,411
Earnings$2,854,293
Admin Expense$28,575
Net Contributions$440,422
Grants$517,081
Ending Balance$17,521,470

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