Overview
What is Summit54?
Summit54 is a nonprofit organization situated in Aspen, Colorado, at 625 E MAIN STREET SUITE 102B-115. Their primary goal is to strengthen Colorado's economy and society by investing wisely and responsibly in education. They achieve this by implementing a summer program called Summer Advantage USA, which combats summer learning loss. This program, spanning five weeks, offers rigorous academic instruction, physical fitness activities, enrichment programs, and extracurricular activities. As a result, students typically gain around 2.5 months in both math and reading skills. This unique, free initiative not only helps students improve academically but also enhances their physical fitness, self-esteem, and readiness to excel when they return to school in the fall. Annually, Summit54's Summer Advantage program benefits approximately 550 students, equipping them with stronger minds and bodies.
Official website here: www.summit54.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Summit54 receives a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity has achieved an outstanding overall score primarily due to its perfect metrics in financial practices, including a program expense ratio of 95.12%, indicating that a significant majority of its funds are allocated directly to its programs.
The organization demonstrates a commitment to transparency and ethical governance, with 100% of its board members being independent. Additionally, it has implemented essential policies, such as conflict of interest and whistleblower protections, which further enhance its accountability. Notably, Summit54 has had no material diversion of assets, reinforcing its integrity in financial management.
While the data highlights numerous strengths in Summit54's operational and financial aspects, it is important to note that the rating relies solely on the accountability and finance beacon. Potential donors may wish to explore additional impact metrics or program outcomes to gain a comprehensive understanding of the charity's effectiveness beyond financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Summit54 legitimate?
Summit54 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit54 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: $0
For more financial information, click here
Official website here: www.summit54.org
What is the mission statement of Summit54?
Summit54's mission is centered around improving societal and economic growth through strategic investments in education. The organization strives to achieve this goal by making these investments effectively, efficiently, and in a manner that ensures accountability. As part of its initiatives, Summit54 collaborates with Summer Advantage USA to combat summer learning loss. Through a comprehensive 5-week summer program that includes academic instruction, physical fitness, enrichment programs, and extracurricular activities, the organization helps students enhance their math and reading skills by an average of 2.5 months. This free program, based on extensive national research, aims to boost students' academic achievements, promote their health and physical fitness, improve their self-esteem, and equip them with better preparation to succeed academically upon returning to school. Summit54's Summer Advantage program serves approximately 550 students annually.
Official website here: www.summit54.org
What is the revenue of Summit54?
Summit54's revenue in 2024 was $925,310.
Official website here: www.summit54.org
Who are the executives of Summit54 and what are their salaries?
The average compensation at Summit54 during 2024 was $11,570. There 100 volunteers at Summit54.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.summit54.org
Where can I find the form 990 for Summit54?
Summit54's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.summit54.org
Learn more at the official website: www.summit54.org
Mission Statement of Summit54
Summit54, a dedicated organization, is committed to enhancing Colorado's economy and society by investing effectively, efficiently, and accountably in education. The primary goal of Summit54 is to contribute positively to Colorado's future by fostering an environment that encourages educational growth and development.
In pursuit of its mission, Summit54 collaborates with Summer Advantage USA to combat summer learning loss. This partnership results in a five-week summer program that incorporates rigorous academic instruction, physical fitness, enrichment activities, and extra-curricular activities. Through this unique, free program, based on extensive national research, Summit54 aims to empower students by raising their achievement levels, improving their physical health, boosting their self-esteem, and preparing them academically to excel when they return to school with stronger minds and bodies. Annually, this program serves 550 students, making a significant impact on Colorado's educational landscape.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Summit54 has a significant impact on Colorado's economy and society through its effective investments in education. One of its key programs, the Summer Advantage program, implemented in partnership with Summer Advantage USA, has been successful in combatting summer learning loss. This 5-week program offers rigorous academic instruction, physical fitness activities, enrichment programs, and extracurricular activities, resulting in students gaining an average of 2.5 months in both math and reading skills. The program, based on national research, helps students improve their academic achievement, physical health, self-esteem, and overall preparedness for school success. Serving 550 students annually, Summit54's efforts contribute to building a stronger and more educated community in Aspen, Colorado.
This information is meant to be a general summary of Summit54. 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: $35,696
- Gross Receipts: $925,310
Assets and Liabilities:
- Total Assets: $1,417,382
- Total Liabilities: $0
- Net Assets: $1,417,382
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Principal Officer
Terri Caine
Website
www.summit54.orgNTEE Category
Code: B25 - Education
If you are a representative of Summit54 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.