Summit Foundation

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

EIN: 300595477 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Summit Foundation?

The Summit Foundation is a charitable organization situated in Charlotte, North Carolina, with an address at 14830 Choate Circle. Its primary mission is to aid beneficiary organizations by providing them with financial support through grants. The foundation's objective is to contribute to the broader goal of promoting spiritual growth, aligning closely with the evangelical purposes of the beneficiary organizations and worldwide evangelical Christian missions and activities they undertake.

Is Summit Foundation legitimate?

Summit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Foundation 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

What is the mission statement of Summit Foundation?

The Summit Foundation's mission is to contribute to the advancement of God's kingdom by backing beneficiary organizations. They aim to align with the evangelical purposes of these organizations and the worldwide evangelical Christian missions and activities they engage in. The foundation achieves this by providing grants to support the programs run by beneficiary organizations. In essence, their objective is to strengthen these organizations in their mission to spread the word of God and improve lives in line with their evangelical purposes.

Who is the CEO of Summit Foundation?

Rene Pala is the Principal Officer of Summit Foundation.

What is the revenue of Summit Foundation?

Summit Foundation's revenue in 2022 was $100,005.

Who are the executives of Summit Foundation and what are their salaries?

There 2 volunteers at Summit Foundation.


Here are 3 key members and their salaries:


Rene Palacio (President)
  • Compensation: $0
  • Related: $79,529
  • Other: $0
Fred Ely (Secretary & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Williams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Summit Foundation?

Summit Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Summit Foundation

Summit Foundation, a philanthropic organization, is dedicated to advancing God's kingdom by backing beneficiary organizations. The foundation's mission is deeply rooted in the evangelical purposes of these organizations and the worldwide Christian missions they are engaged in. By offering grants, Summit Foundation plays a crucial role in supporting the programs of these beneficiary organizations, thereby contributing to their noble causes. The foundation's mission is not just about providing financial aid, but it is an integral part of the broader mission these organizations have in spreading the word of God and making a positive impact on society.

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Impact




October, 2024

The Summit Foundation significantly impacts communities by providing essential support to various beneficiary organizations dedicated to advancing evangelical missions and activities. Through targeted grants, it empowers these organizations to expand their programs, outreach efforts, and services. By fostering collaboration among groups aligned with its mission, the Summit Foundation plays a crucial role in enhancing the spread of the Kingdom of God, facilitating positive change, and promoting religious initiatives in Charlotte, NC, and beyond. Its commitment to strengthening the evangelical purposes of its partners helps amplify their impact, reaching more individuals and communities in need.




This information is meant to be a general summary of Summit Foundation. 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
$100,005 (2022)
Expenses
$112,362 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $100,005
  • Gross Receipts: $100,005

Assets and Liabilities:

  • Total Assets: $3,995,741
  • Total Liabilities: $0
  • Net Assets: $3,995,741

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Organization Details

Founding Year

2009

Principal Officer

Rene Pala

Main Address

14830 Choate Circle, Charlotte, NC, 282417900

NTEE Category

Code: X12 - Religion related

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