The Summit Corporation

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

EIN: 730762818 ✦ Tulsa, OK ✦ Designated as a 501(c)(7)

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Overview

What is The Summit Corporation?

The Summit Corporation is a private organization, situated in Tulsa, Oklahoma. Their primary activity revolves around operating an exclusive dining club, providing a space for members to dine and socialize. The club's primary income sources include food and beverage sales, membership fees, and various dues and charges. Despite their best efforts, The Summit Corporation has faced challenges in 2020 due to external factors that have impacted their operations negatively.


Official website here: www.summittulsa.com

Is The Summit Corporation legitimate?

The Summit Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Summit Corporation 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: $330,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,437,064

For more financial information, click here


Official website here: www.summittulsa.com

What is the mission statement of The Summit Corporation?

The Summit Corporation operates a private dining club, primarily generating revenue through food and beverage sales, membership dues, and fees. Their mission, in simple terms, is to provide a exclusive dining experience within this club. However, the organization has faced challenges in 2020 due to external factors. The exact nature of these challenges or the specific services offered beyond dining are not provided in the information.


Official website here: www.summittulsa.com

Who is the CEO of The Summit Corporation?

Hillary Sutton is the Ex-Officio Until April 2022 of The Summit Corporation. The CEO's salary of The Summit Corporation is $216,945 and their total compensation is $330,880.


Official website here: www.summittulsa.com

What is the revenue of The Summit Corporation?

The Summit Corporation's revenue in 2022 was $7,146,294.


Official website here: www.summittulsa.com

Who are the executives of The Summit Corporation and what are their salaries?

The average compensation at The Summit Corporation during 2022 was $21,168. There are 178 employees and 18 volunteers at The Summit Corporation.


Here are 20 key members and their salaries (The Summit Corporation's CEO's salary is $216,945 and their total compensation is $330,880):


R Scott Vaughn (Ex-Officio Until April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevan Buck-Pres Thru March (Ex-Officio (April-June 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Maun-1St Vp Thru Mar (President As Of April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hillary Sutton-2Nd Vp Thru Mar (1St Vice President As Of Apr 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeromie Tucker (Secretary As Of April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Phillips-Secr Until Mar (Treasurer As Of April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Adams-Treas Until Mar (2Nd Vice President As Of Apr 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Roach (Director As Of April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Farthing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart Hawley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Duncan (Director As Of April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Oliphant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Oonk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Siegmund Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Wilkes (Director Until April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Beth Nesser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Peevy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Jared Jordan (Ceo)
  • Compensation: $216,945
  • Related: $0
  • Other: $113,935
William Lyle (Executive Chef)
  • Compensation: $160,803
  • Related: $0
  • Other: $51,454


Official website here: www.summittulsa.com

Where can I find the form 990 for The Summit Corporation?

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


Official website here: www.summittulsa.com

Learn more at the official website: www.summittulsa.com

Mission Statement of The Summit Corporation

The Summit Corporation, as a private dining club, is dedicated to providing an exclusive dining experience. Its primary source of income stems from food and beverage sales, membership dues, and various fees. However, the organization has experienced challenges in 2020 due to external factors. Despite these difficulties, The Summit Corporation continues to operate, offering its members a private dining space for their dining needs.

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Impact




October, 2024

The Summit Corporation plays a significant role in the Tulsa community by operating a private dining club that fosters social connections and provides a unique dining experience. The club's offerings not only enhance the local culinary landscape but also contribute to the local economy through job creation and support for local suppliers.

By generating revenue primarily from food and beverage sales along with member dues, The Summit Corporation creates an environment where members can enjoy exclusive dining services while also benefiting from the networking opportunities that arise in a private setting. Despite facing challenges in 2020 due to external factors, the organization continues to strive towards fulfilling its mission of providing quality recreational experiences.

The Summit Corporation's presence in Tulsa enriches the community by offering a venue for events and gatherings, thereby strengthening social ties among members and fostering a sense of belonging. Its impact is felt not only in the dining experience it provides but also in its contributions to the vibrancy of the Tulsa community.




This information is meant to be a general summary of The Summit Corporation. 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
$7,146,294 (2022)
Expenses
$7,820,175 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $13,844
  • Program Service Revenue: $3,478,129
  • Gross Receipts: $8,891,739

Assets and Liabilities:

  • Total Assets: $18,798,853
  • Total Liabilities: $17,691,648
  • Net Assets: $1,107,205

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues

Revenue

$2,603,395

Capital Improvement Dues

Revenue

$599,202

Membership Sales

Revenue

$195,050

Organization Details

Founding Year

1967

Principal Officer

Hillary Sutton

Main Address

15 West 6th Suite 2913, Tulsa, OK, 741195426

NTEE Category

Code: N60 - Recreation

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