One Summit Inc
- Assets
- $463.6k
- Revenue
- $467.7k
- Investments
- $0.0
- Employees
- 2
- Location
- North Andover, MA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-4659654
Organization Overview
One Summit Inc is located in North Andover, MA. The organization was established in 2015. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2022, One Summit Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Summit 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 12/2022, One Summit Inc generated $467.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $553.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ONE SUMMIT'S MISSION IS TO HELP CHILDHOOD CANCER PATIENTS BUILD COURAGE, SELF-CONFIDENCE, AND RESILIENCE THROUGH EXPERIENTIAL LEARNING AND MENTORSHIP WITH A U.S. NAVY SEAL. OUR EXPERIENTIAL LEARNING TAKES PLACE IN THE FORM OF INDOOR ROCK CLIMBING, AT A CLIMB FOR COURAGE. THROUGH THIS EXCITING, CHALLENGING, AND SAFE ADVENTURE, WE INDUCE INDIVIDUAL CHALLENGES THAT EMPOWER THE CHILDREN TO ACHIEVE GROWTH THROUGH CONQUERING ADVERSITY. THE LONG-LASTING NAVY SEAL MENTORS INSPIRE THE HOPE AND RESILIENCE THESE LITTLE WARRIORS NEED TO CONTINUE THEIR FIGHT AGAINST CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZES EVENTS FOR THE CHILDHOOD CANCER PATIENTS AND HELP THEM TO BUILD COURAGE, SELF-CONFIDENCE, AND RESILIENCE THROUGH EXPERIENTIAL LEARNING AND MENTORSHIP WITH A U.S. NAVY SEAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Flatley Director | Trustee | 2 | $0 |
Matthew Fedor Clerk | OfficerTrustee | 2 | $0 |
Andrew Fortmann Director | Trustee | 2 | $0 |
Adam Lareau Chairman/pres | OfficerTrustee | 10 | $0 |
John Roth Treasurer | OfficerTrustee | 2 | $0 |
Jason Mitchell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,389 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,426 |
| Noncash contributions included in lines 1a–1f | $37,774 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,815 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,148 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,391 |
| Compensation of current officers, directors, key employees. | $10,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,221 |
| Payroll taxes | $58,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,119 |
| Advertising and promotion | $5,189 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,582 |
| Travel | $19,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,198 |
| Insurance | $4,485 |
| All other expenses | $14,310 |
| Total functional expenses | $553,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $463,644 |
| Accounts payable and accrued expenses | $9,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $9,218 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $454,426 |
| Total liabilities and net assets/fund balances | $463,644 |