Overview
What is The Summit League?
The Summit League is a nonprofit organization situated in Sioux Falls, South Dakota. Its primary focus is to serve as a platform for universities participating in NCAA Division 1 sports and education, fostering a competitive athletic environment while offering academic support to student athletes. Established with the intention of maintaining and administering this conference, The Summit League aims to provide potential future opportunities for its members. With a team of ten dedicated individuals, the organization strives to uphold its mission, creating an environment that nurtures both academic growth and athletic excellence.
Official website here: www.thesummitleague.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Summit League has received a two-star rating from Charity Navigator, indicating a need for improvement, especially concerning its governance and financial practices. The organization scored 68% overall, reflecting strong program expense ratios but significant shortcomings in board independence and governance practices. Specifically, there are no independent members on the board, which raises concerns regarding oversight.
Strengths noted include a perfect score in areas like the audit and oversight committee, material diversion of assets, and the presence of key policies such as conflict of interest and document retention. The high program expense ratio of nearly 86% suggests that the majority of funds are used toward fulfilling its mission, a positive indicator of effective resource allocation.
However, limitations exist in the governance framework of The Summit League. The absence of a whistleblower policy and the failure to post tax forms on its website detracts from its accountability. Additionally, the liabilities to assets ratio indicates financial vulnerabilities that may warrant attention. Overall, while there are positive aspects, the organization must address its governance issues to enhance its trustworthiness and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Summit League legitimate?
The Summit League is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Summit League 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: $402,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $508,692
For more financial information, click here
Official website here: www.thesummitleague.org
What is the mission statement of The Summit League?
The Summit League, an intercollegiate athletic conference, is committed to providing academic support to student-athletes from its member institutions. Its primary goal is to establish a highly competitive athletic environment, thereby offering potential future opportunities for these students. The organization was established with the purpose of maintaining and administering a not-for-profit conference of universities participating in NCAA Division 1 sports and education. By offering academic support and promoting competitive athletics, The Summit League aims to prepare student-athletes for their future endeavors.
Official website here: www.thesummitleague.org
Who is the CEO of The Summit League?
Josh Fenton is the Comissioner of The Summit League.
Official website here: www.thesummitleague.org
What is the revenue of The Summit League?
The Summit League's revenue in 2022 was $6,784,284.
Official website here: www.thesummitleague.org
Who are the executives of The Summit League and what are their salaries?
The average compensation at The Summit League during 2022 was $91,158. There are 10 employees and 10 volunteers at The Summit League.
Here are 13 key members and their salaries:
- Compensation: $200,301
- Related: $0
- Other: $66,436
- Compensation: $202,589
- Related: $0
- Other: $26,637
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.thesummitleague.org
Where can I find the form 990 for The Summit League?
The Summit League's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thesummitleague.org
Learn more at the official website: www.thesummitleague.org
Mission Statement of The Summit League
The Summit League, an intercollegiate athletic conference, is committed to providing academic support for student-athletes at its member institutions. Its mission is twofold: firstly, it aims to establish a highly competitive athletic environment, and secondly, it seeks to offer potential future opportunities for these student-athletes. By maintaining and administering a conference of universities participating in NCAA Division 1 sports and education, The Summit League strives to support the overall development of its student-athletes, both academically and athletically.
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Impact
July, 2024
The Summit League, as an intercollegiate athletic conference, plays a crucial role in providing academic support to student-athletes from member institutions. By fostering a highly competitive athletic environment, The Summit League offers these students potential future opportunities and helps them excel both on the field and in the classroom. Through its activities and initiatives, The Summit League contributes to the development and success of student-athletes, enhancing their overall collegiate experience.
This information is meant to be a general summary of The Summit League. 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 2022.
- Investment Income: $19,666
- Program Service Revenue: $6,601,641
- Gross Receipts: $6,784,284
Assets and Liabilities:
- Total Assets: $11,397,626
- Total Liabilities: $7,814,041
- Net Assets: $3,583,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NCAA CONFERENCE FUNDING
Revenue
$3,080,885
OFFICIALS INCOME
Revenue
$2,160,089
CONFERENCE TOURNAMENT REVENUE
Revenue
$601,423
INSTITUTIONAL ASSESSMENTS
Revenue
$362,500
TELEVISION AND SPONSORSHIPS
Revenue
$172,979
Organization Details
Founding Year
1982
Phone
(630) 516-0661Principal Officer
Josh Fenton
Main Address
4000 N HERCULES AVE SUITE 200, SIOUX FALLS, SD, 57107
Website
www.thesummitleague.orgNTEE Category
Code: N40 - Recreation
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