Summit Impact A Nonprofit Corporation
- Assets
- $2.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 4
- Location
- San Diego, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2770209
Organization Overview
Summit Impact A Nonprofit Corporation is located in San Diego, CA. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Summit Impact A Nonprofit Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Impact A Nonprofit Corporation 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 12/2022, Summit Impact A Nonprofit Corporation generated $3.1m in total revenue. All expenses for the organization totaled $964.1k during the year ending 12/2022. While expenses have increased by 37.9% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE SOCIAL GOOD THROUGH INNOVATIVE ECOSYSTEMS THAT FACIITATE COLLABORATION ACROSS DISCIPLINES. SUMMIT IMMPACT BUILDS ECOSYSTEMS OF INNOVATION AROUND ESCEPTIONAL SOCIAL IMPACT LEADERS. BY ACTIVATING THE SUMMIT COMMUNITY - A NETWORK OF ACTIVISTS, ARTISTS, ATHLETES, ENTEPRENEURS, PERFORMERS, AND SCIENTISTS - WE LEVERAGE THE POWER OF COLLABORATION AND CRATIVITY TO SCALE IMPACT OBJECTIVES IN SPECIFIC TOPIC AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMIT IMPACT LABS (SIL)- SIL ARE A NOVEL AND UNIQUE PLATFORM FOR INNOVATION AND COLLABORATION, FOCUSING ON SPECIFIC TOPICS SUCH AS CRIMINAL JUSTICE, DEMOCRACY, OCEANS, OR MENTAL HEALTH, LEADING THROUGH A COHORT OF 4-8 SOCIAL CHANGE LEADERS CALLED SUMMIT FELLOWS, CONNECTING A LARGER GROUP OF FIELD EXPERTS AND CROSS-COUNTRY LEADERS, AND MAXIMAZING IMPACT BY SERVING AS MISSION CONTROL, FACILITATING ENGAGEMENTS AND YIELDING GRATER OUTPUT.
SUMMIT IMPACT COMMUNITY (SIC)- SIC INCLUDES PROGRAMS FOR FELLOWS ALUMNI, MENTORS, SUPPORTERS AND ENGAGED SUMMIT COMMUNITY MEMBERS. PROGRAMS FOCUS ON THREE CORE ELEMENTS: (1) COMMUNITY CONNECTIONS, (2) NETWORK ACTIVITIES, AND (3) REFLECTIVE LEARNING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shira Abramowitz Executive Di | Officer | 40 | $152,582 |
Christiana Falcone Director | Trustee | 1 | $0 |
Arlan Hamilton Director | Trustee | 1 | $0 |
Chante Harris Director | Trustee | 1 | $0 |
Heather Hartnett Director | Trustee | 1 | $0 |
Greg Hoffman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,065,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,065,001 |
| Total Program Service Revenue | $895 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,065,896 |
| 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. | $152,582 |
| Compensation of current officers, directors, key employees. | $16,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,000 |
| 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 | $153,239 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $191,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $982 |
| All other expenses | $130 |
| Total functional expenses | $964,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,161,246 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $957,763 |
| 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 | $491 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,119,500 |
| Accounts payable and accrued expenses | $16,239 |
| 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 | $16,239 |
| 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 | $2,103,261 |
| Total liabilities and net assets/fund balances | $2,119,500 |