Summit Initiatives Foundation Inc
- Assets
- $1.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 45-4671150
Organization Overview
Summit Initiatives Foundation Inc is located in Fort Wayne, IN. The organization was established in 2013. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Initiatives Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Summit Initiatives Foundation Inc generated $3.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (46.2%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUMMIT INITIATIVES FOUNDATION, A SUPPORTING ORGANIZATION, RESTRUCTURED IN 2017 AND TRANSFERRED THE MAJORITY OF ITS ASSETS TO THE COMMUNITY FOUNDATION OF GREATER FORT WAYNE, THE SUPPORTED ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Schoegler Board Presid | 1 | $0 | |
Robert Francis Director | 1 | $0 | |
R Bradley Little President & | 1 | $0 | |
Michael Cahill Board Pres P | 1 | $0 | |
Sherry Early Director | 1 | $0 | |
Ron Menze Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,043 |
| Other assets | $0 |
| Total assets | $1,043 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,043 |
Grants Awarded
Over the last fiscal year, Summit Initiatives Foundation Inc has awarded $78,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Wayne, IN PURPOSE: PRE DEVELOPMENT WORK | $63,500 |
Fort Wayne, IN PURPOSE: OPERATING SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Evansville Vanderburgh County Convention & Visitors Bureau Inc Evansville, IN | $5,490,585 | $3,551,749 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |
Capitalplus Exchange Corporation Skokie, IL | $2,405,541 | $1,079,242 |
Visitors Center Inc Columbus, IN | $3,460,184 | $2,273,942 |
Catalytic Development Funding Corp Of Northern Kentucky Covington, KY | $17,082,435 | $2,043,108 |