Summitstone Health Partners
- Assets
- $34.8m
- Revenue
- $52.6m
- Investments
- $666.6k
- Employees
- 529
- Location
- Fort Collins, CO
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 84-1512383
Organization Overview
Summitstone Health Partners is located in Fort Collins, CO. The organization was established in 1999. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Summitstone Health Partners employed 529 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summitstone Health Partners 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 06/2022, Summitstone Health Partners generated $52.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $46.2m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO DELIVER HIGH QUALITY MENTAL HEALTH TREATMENT, EDUC. AND SUPPORT SVCS. TO PROMOTE IMPROVED QUALITY OF LIFE FOR PERSONS WITH EMOTIONAL & STRESS-RELATED DISORDERS & MENTAL ILLNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREATMENT FOR SUBSTANCE ABUSE AND MENTAL HEALTH ISSUES THROUGH VARIOUS PROGRAMS INCLUDING OUTPATIENT, HOUSING, AND RESIDENTIAL CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Brooks Chief Addiction Medical Office | Officer | 40 | $294,060 |
Frederick Michel Chief Medical Officer | Officer | 40 | $292,161 |
Mary Cook Psychiatrist | 40 | $292,066 | |
Michael Allen Chief Executive Officer | Officer | 40 | $278,678 |
John Schulte Psychiatrist | 40 | $240,829 | |
Mary Glenney Psychiatric Nurse Practicioner | 40 | $179,106 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr John L Schaeffer Medical Services | 6/29/22 | $251,125 |
Total Facility Care Janitorial | 6/29/22 | $161,269 |
Allied Unerversal Security Services Building Security | 6/29/22 | $109,831 |
Netsmart Technologies Inc Software | 6/29/22 | $779,453 |
Advanced Network Management Inc It Maintenance | 6/29/22 | $118,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,420 |
| Membership dues | $0 |
| Fundraising events | $16,155 |
| Related organizations | $0 |
| Government grants | $5,669,082 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,145 |
| Noncash contributions included in lines 1a–1f | $7,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,844,802 |
| Total Program Service Revenue | $46,689,548 |
| Investment income | $50,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,528 |
| Net Gain/Loss on Asset Sales | $27,455 |
| Net Income from Fundraising Events | $6,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,649,506 |
| 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. | $1,533,695 |
| Compensation of current officers, directors, key employees. | $876,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,798,656 |
| Pension plan accruals and contributions | $717,046 |
| Other employee benefits | $4,457,289 |
| Payroll taxes | $2,240,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,894 |
| Fees for services: Accounting | $316,524 |
| Fees for services: Lobbying | $2,347 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,035,189 |
| Information technology | $818,780 |
| Royalties | $0 |
| Occupancy | $2,303,518 |
| Travel | $203,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $715,903 |
| Interest | $130,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,195,265 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,197,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,167,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,988,234 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,938 |
| Prepaid expenses and deferred charges | $378,454 |
| Net Land, buildings, and equipment | $14,708,334 |
| Investments—publicly traded securities | $1,707,314 |
| Investments—other securities | $666,630 |
| Investments—program-related | $100,265 |
| Intangible assets | $0 |
| Other assets | $94,258 |
| Total assets | $34,828,236 |
| Accounts payable and accrued expenses | $3,865,862 |
| Grants payable | $0 |
| Deferred revenue | $2,002,732 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,849 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,246,438 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,141,881 |
| Net assets without donor restrictions | $20,169,881 |
| Net assets with donor restrictions | $516,474 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $34,828,236 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Summitstone Health Partners has recieved totaling $8,345.
| Awarding Organization | Amount |
|---|---|
Realities For Children Charities Fort Collins, CO PURPOSE: YOUTH SERVICES | $8,345 |
Endowment Analysis
| Beg. Balance | $858,236 |
| Earnings | -$82,356 |
| Admin Expense | $8,986 |
| Ending Balance | $766,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mental Health Center Of Denver Denver, CO | $110,892,871 | $117,602,704 |
Grand Lake Mental Health Center Inc Nowata, OK | $56,905,678 | $106,457,803 |
Southwest Behavioral Health Services Inc Phoenix, AZ | $56,180,272 | $104,144,579 |
Valley Mental Health Incorporated Salt Lake City, UT | $59,629,146 | $71,897,709 |
Creoks Mental Health Services Tulsa, OK | $51,295,822 | $66,496,279 |
Allhealth Network Englewood, CO | $27,194,155 | $53,320,216 |
Summitstone Health Partners Fort Collins, CO | $34,828,236 | $52,649,506 |
Mental Health Center Of Boulder County Inc Lafayette, CO | $46,481,544 | $42,259,762 |
North Oklahoma County Mental Health Center Oklahoma City, OK | $30,663,667 | $20,295,919 |
Cope Community Services Inc Tucson, AZ | $56,139,591 | $33,426,931 |
Occk Inc Salina, KS | $15,925,978 | $24,423,942 |
Centennial Mental Health Center Incorporated Sterling, CO | $23,779,964 | $20,771,781 |