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Summit Lake Bible Conference Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237004562 ✦ Wake forest, NC ✦ Designated as a 501(c)(3)

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Overview

What is Summit Lake Bible Conference Inc?

Summit Lake Bible Conference Inc, located at 8006 Hogan Dr, Wake Forest, NC 27587, is a nonprofit organization dedicated to religious, charitable, and educational purposes. They offer year-round Christian retreats open to various denominations, churches, and schools. Their primary mission is to organize Bible retreats and encampments, benefiting the youth of the community and educating adults. With a team of 20 employees, they aim to provide a serene environment for spiritual growth and learning.


Official website here: www.summitlake.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 61% (Two-Star out of Four Star rating)

Summit Lake Bible Conference Inc has received a rating of 61%, indicating a moderate level of performance in terms of accountability and finance. The organization shows strengths in its program expense ratio, which stands at an impressive 95.08%, suggesting a significant portion of its financial resources is directed toward programs rather than administrative costs.

However, there are notable weaknesses in governance and transparency. The organization has not achieved any points for the majority independent board members or for maintaining important financial policies such as a conflict of interest policy and a whistleblower policy, which are crucial for good governance. Additionally, the lack of publicly available financial statements and documentation raises concerns about transparency.

Overall, while Summit Lake Bible Conference Inc demonstrates a strong commitment to its programming, there are critical areas of governance and financial practices that require improvement to enhance accountability and foster greater trust among stakeholders.


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

What do the Facebook reviews say about Summit Lake Bible Conference Inc?

76% of 9 reviewers on Facebook recommend Summit Lake Bible Conference Inc. Here is a summary of their reviews:

Many attendees highlight the camp's cleanliness and well-maintained facilities, emphasizing a positive experience over the years. One review specifically praises the cafeteria staff for serving delicious meals, indicating an appreciation for the quality of food provided during their stay.

Overall, those who recommend the camp express satisfaction with the services and environment, noting their repeated participation over multiple years as a testament to the positive experiences they've had.


This AI summary has been generated from reviews found on Facebook.

Is Summit Lake Bible Conference Inc legitimate?

Summit Lake Bible Conference Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Lake Bible Conference Inc 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: $137,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,145

For more financial information, click here


Official website here: www.summitlake.org

What is the mission statement of Summit Lake Bible Conference Inc?

Summit Lake Bible Conference Inc is established with a mission to serve religious, charitable, and educational purposes. Its primary objective is to organize Christian encampments and Bible retreats, benefiting the youth of the community and providing educational opportunities for adults as well. The organization hosts various events such as Bible retreats and summer camps, and offers year-round Christian retreats open to all denominations, churches, and schools. The primary goal is to provide a platform for spiritual growth and learning, promoting religious education and community development.


Official website here: www.summitlake.org

Who is the CEO of Summit Lake Bible Conference Inc?

Kathleen Coley is the Director of Summit Lake Bible Conference Inc.


Official website here: www.summitlake.org

What is the revenue of Summit Lake Bible Conference Inc?

Summit Lake Bible Conference Inc's revenue in 2022 was $525,037.


Official website here: www.summitlake.org

Who are the executives of Summit Lake Bible Conference Inc and what are their salaries?

The average compensation at Summit Lake Bible Conference Inc during 2022 was $12,742. There are 20 employees at Summit Lake Bible Conference Inc.


Here are 8 key members and their salaries:


Jim Holler (Director)
  • Compensation: $57,154
  • Related: $0
  • Other: $0
Kathleen Coley (President/Tr)
  • Compensation: $51,360
  • Related: $0
  • Other: $0
Caitlin Ayscue (Director)
  • Compensation: $29,177
  • Related: $0
  • Other: $0
Kenneth Coley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Coley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Olsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Visy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.summitlake.org

Where can I find the form 990 for Summit Lake Bible Conference Inc?

Summit Lake Bible Conference Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.summitlake.org

Learn more at the official website: www.summitlake.org

Mission Statement of Summit Lake Bible Conference Inc

Summit Lake Bible Conference Inc is an organization with a mission dedicated to serving the community through religious, charitable, and educational purposes. Their primary objective is to provide Christian encampment and Bible retreats, aiming to benefit the youth and educate adults. This nonprofit organization hosts a variety of events, including Bible retreats and summer camps, which are open to individuals from all denominations, churches, and schools. They offer year-round retreats, making their services accessible throughout the year. The mission of Summit Lake Bible Conference Inc is to provide a welcoming environment for spiritual growth and learning, fostering a sense of community and fellowship among its participants.

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Impact




July, 2024

Summit Lake Bible Conference Inc's impact is centered around providing Christian encampment and Bible retreats for the youth of the community in Wake Forest, NC. Their activities, including Bible retreats and summer camps, aim to benefit all denominations, churches, public and private schools, and the community at large. By offering year-round Christian retreats, Summit Lake Bible Conference Inc plays a crucial role in educating and fostering spiritual growth among both the youth and adults in the community, promoting religious, charitable, and educational values.




This information is meant to be a general summary of Summit Lake Bible Conference Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$525,037 (2022)
Expenses
$4,192,994 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15
  • Program Service Revenue: $462,604
  • Gross Receipts: $525,037

Assets and Liabilities:

  • Total Assets: $913,299
  • Total Liabilities: $381,471
  • Net Assets: $531,828

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

WEEKEND RETREATS

Revenue

$277,874

WEEKDAY RETREATS

Revenue

$184,730

Organization Details

Founding Year

1969

Principal Officer

Kathleen Coley

Main Address

8006 HOGAN DR, WAKE FOREST, NC, 27587

NTEE Category

Code: X20Z - Religion related

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