Overview
What is Friends Of The Summit?
Friends of The Summit is a nonprofit organization situated at 309 Woolf Ave, Akron, Ohio 44312. Their primary objective is to elevate and support their public media station by enhancing financial backing, fostering community interest, and offering advice and suggestions to station management and its license holder. The funds raised through initiatives like the capital campaign will facilitate a major station move and the expansion of music and community-based programs. The organization's mission is to ensure the continued growth and success of The Summit as a premier public media organization.
Official website here: www.thesummit.fm
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Star rating)
Friends Of The Summit has received a One-Star rating from Charity Navigator, indicating several concerns regarding its accountability and financial practices. While the organization boasts a high score in the Culture & Community category, its overall rating reflects significant weaknesses in financial management, particularly a low program expense ratio of 35.07%, which suggests that a smaller portion of its funds is allocated to direct programs.
Strengths of the organization include a fully independent board and strong feedback mechanisms, with perfect scores in constituent feedback collection and utilization. This indicates that the nonprofit effectively gathers and applies input from its stakeholders, reflecting a commitment to community engagement. However, the lack of a whistleblower policy and issues with document retention policies highlight potential gaps in accountability and governance.
While Friends Of The Summit demonstrates a robust community culture and engagement, its financial practices raise concerns that may affect its sustainability and effectiveness. The organization appears to be well-regarded by constituents, but it must address its financial management and governance issues to improve its overall rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Summit legitimate?
Friends Of The Summit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Summit 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.
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Official website here: www.thesummit.fm
What is the mission statement of Friends Of The Summit?
The mission of Friends Of The Summit is centered around enhancing the future of a prominent public media organization, known as The Summit. This is achieved by boosting its financial support, fostering community interest, and offering guidance and recommendations to its station management and license holder. The organization also undertakes a capital campaign, named Elevate, to raise funds for a significant station relocation and the introduction of new and expanded music and community-focused programming.
Official website here: www.thesummit.fm
What is the revenue of Friends Of The Summit?
Friends Of The Summit's revenue in 2024 was $109,354.
Official website here: www.thesummit.fm
Who are the executives of Friends Of The Summit and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.thesummit.fm
Where can I find the form 990 for Friends Of The Summit?
Friends Of The Summit's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thesummit.fm
Learn more at the official website: www.thesummit.fm
Mission Statement of Friends Of The Summit
Friends of The Summit, as a dedicated organization, aims to enhance the future of a prominent public media station by bolstering its financial support, fostering community interest, and offering insightful advice and recommendations to both station management and its license holder. By doing so, the nonprofit works tirelessly to transform The Summit into a premier public media organization, enriching its offerings through new and expanded music and community-based programming. This mission is crucial in ensuring the station maintains its relevance and remains a cherished resource for its audience.
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Impact
October, 2024
Friends Of The Summit plays a pivotal role in shaping the future of public media in Akron, Ohio. By enhancing financial support for the Summit, the organization fosters a strong foundation for growth and sustainability. Its efforts to promote community interest ensure that the programming reflects the diverse voices and needs of the local population.
Through initiatives like the Elevate capital campaign, Friends Of The Summit is actively raising funds to support a significant relocation of the station and to expand its music and community-based programming. This expansion not only enriches the cultural landscape of the area but also strengthens the connection between the station and its audience.
By providing valuable advice and recommendations to station management and its license holder, Friends Of The Summit helps to navigate challenges and seize opportunities in a rapidly changing media environment. This support ensures that the Summit remains a premier destination for public media, benefiting the community as a whole.
This information is meant to be a general summary of Friends Of The Summit. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $12,344
- Program Service Revenue: $41,349
- Gross Receipts: $109,354
Assets and Liabilities:
- Total Assets: $495,702
- Total Liabilities: $7,377
- Net Assets: $488,325
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELEVATE
Revenue
$15,000
THE 330
Revenue
$12,356
SUMMIT NEXT
Revenue
$7,613
CHENOT SCHOLARSHIP
Revenue
$2,600
SPISAK
Revenue
$2,500
Organization Details
Founding Year
2008
Principal Officer
Tommy Bruno
Website
www.thesummit.fmNTEE Category
Code: W50 - Public benefit
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