Public Charity

Summit Foundation

Summit Foundation is a Public Charity headquartered in Charlotte, NC. Financial data from the 2024 filing: $104.3M revenue, $43K expenses, $77.4M total assets.

EIN: 300595477 Charlotte, NC Latest filing: 2024
Total Revenue$104.3M
Total Expenses$43K
Total Assets$77.4M
Grant Records2
Filing Years2020–2024

Mission

THE FOUNDATION SEEKS TO FURTHER THE KINGDOM OF GOD BY SUPPORTING BENEFICIARY ORGANIZATIONS AS AN INTEGRAL PART OF THE EVANGELICAL PURPOSES OF THE BENEFICIARY ORGANIZATIONS AND THE WORLDWIDE EVANGELICAL CHRISTIAN MISSIONS AND ACTIVITIES BEING CARRIED ON BY THE BENEFICIARY ORGANIZATIONS.

Where $100 goes at Summit Foundation

How Summit Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
The Foundation supports beneficiary organization's programs through grants
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SECRETARY & TREASURER Fred Ely
PRESIDENT & Director Rene Palacio
Director Ronald Williams

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $104.3M $43K $77.4M
2023 $447.1M $446.7M $4.9M
2022 $100K $112K $4.0M
2021 $100K $127.5M $3.4M
2020 $15 $352K $50.9M

Between 2020 and 2024, reported annual revenue grew from $15 to $104.3M (+695305067%), with total assets most recently reported at $77.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Summit Foundation

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