Summit Etc

Charity Navigator Rating: Needs Improvement

Summit Etc has received a two-star rating from Charity Navigator, indicating that the organization is functioning but may have areas that require significant improvement. With an overall score of 71%, the nonprofit demonstrates strong accountability in terms of its board structure, having 100% independent members. However, there are notable weaknesses in financial transparency, as it lacks posted financial statements and other key documents on its website.

Despite its solid program expense ratio of 71.34%, which reflects a commitment to dedicating resources towards its mission, the absence of essential policies like a whistleblower and document retention policy raises concerns about governance practices. The organization does have documented board meeting minutes and a conflict of interest policy, which are positive indicators of accountability.

Overall, while Summit Etc exhibits strengths in some governance aspects, the lack of financial documentation and certain policies suggests that improvements are necessary to enhance transparency and accountability. Potential donors and stakeholders may want to monitor these aspects closely before engaging with the organization.

This AI summary has been generated from information found on Charity Navigator.

Summit Etc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Etc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $385,470

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