Summit Heritage Foundation

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

EIN: 411587612 ✦ Mankato, MN ✦ Designated as a 501(c)(2)

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Overview

What is Summit Heritage Foundation?

The Summit Heritage Foundation is a charitable organization situated in Mankato, Minnesota. Its primary role involves offering facilities to a 501(c)(3) organization by gathering rental income. The purpose of this income collection is to cover the necessary expenses for maintaining and operating the building, thereby ensuring the organization's convenience. By fulfilling this mission, the Summit Heritage Foundation plays a crucial role in supporting the operations of the associated organization.

Is Summit Heritage Foundation legitimate?

Summit Heritage Foundation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Summit Heritage Foundation submitted a form 990EZ, 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.

What is the mission statement of Summit Heritage Foundation?

The Summit Heritage Foundation's mission is centered around supporting a 501(c)(3) organization by managing and maintaining a building through rental income. Its primary objective is to ensure the organization has suitable facilities at an affordable cost. By successfully managing the finances, the foundation enables the organization to focus on its core activities, thereby contributing to its overall success. The foundation's operations are not limited to providing facilities; it also ensures the building is well-maintained, ensuring a conducive environment for the organization's activities.

Who is the CEO of Summit Heritage Foundation?

Randy Zellmer is the President of Summit Heritage Foundation.

What is the revenue of Summit Heritage Foundation?

Summit Heritage Foundation's revenue in 2022 was $93,530.

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


Here are 4 key members and their salaries:


Randy Zellmer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lagerquist (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Preston Doyle (Secretary/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Oleson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Summit Heritage Foundation?

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

Mission Statement of Summit Heritage Foundation

The Summit Heritage Foundation, a nonprofit organization, is committed to supporting a 501(c)(3) entity by maintaining and operating a building for their use. This mission is accomplished by collecting rental income that is sufficient to cover the expenses associated with maintaining the facility. The foundation's primary objective is to provide the necessary facilities for the associated organization, ensuring its smooth operation and continuity. By fulfilling this role, the Summit Heritage Foundation plays a vital part in enabling the associated organization to carry out its own mission effectively.

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Impact




October, 2024

The Summit Heritage Foundation plays a crucial role in enhancing community facilities in Mankato, MN. By managing rental income from a 501(c)(3) organization, it ensures the upkeep and operation of essential buildings that serve the community's needs. This systematic collection of rent allows for sustainable maintenance and improvement of these facilities, fostering a positive environment for local initiatives and activities. Through its efforts, the Foundation significantly contributes to the community's infrastructure and overall quality of life, supporting local engagement and development.




This information is meant to be a general summary of Summit Heritage 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
$93,530 (2022)
Expenses
$115,360 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $64,100
  • Gross Receipts: $93,530

Assets and Liabilities:

  • Total Assets: $351,518
  • Total Liabilities: $0
  • Net Assets: $351,518

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Organization Details

Principal Officer

Randy Zellmer

Main Address

424 WARREN ST, MANKATO, MN, 56001

NTEE Category

Code: S47 - Community improvement

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