Totals
- Total revenue
- $680,569
- Total expenses
- $966,733
- Contributions and grants received
- $679,258
- Grants paid
- $834,025
- Program service revenue
- $0
- Investment income
- $1,311
- Other revenue
- $0
- Total assets, end of year
- $1,417,382
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,417,382
- Program services expenses (Part IX)
- $920,438
- Management and general expenses
- $42,255
- Fundraising expenses
- $4,040
- Program service expenses (Part III)
- $920,438
Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$119,645
-
1f · All other contributions, gifts and grants
$559,613
-
3 · Investment income
total $1,311 · excluded $1,311
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $834,025 · program services $834,025
-
7 · Other salaries and wages
total $11,570 · program services $3,490 · management and general $4,040 · fundraising $4,040
-
10 · Payroll taxes
total $706 · program services $706
-
11c · Fees: accounting
total $31,875 · management and general $31,875
-
11g · Fees: other
total $49,704 · program services $49,704
-
13 · Office expenses
total $3,499 · program services $3,186 · management and general $313
-
14 · Information technology
total $991 · management and general $991
-
23 · Insurance
total $1,345 · management and general $1,345
-
24a · Other expenses: EVENTS
total $15,901 · program services $13,135 · management and general $2,766
-
24b · Other expenses: RECRUITMENT
total $14,273 · program services $14,273
-
24c · Other expenses: SUMMER FOOD SERVICE
total $1,665 · program services $1,529 · management and general $136
-
24d · Other expenses: MISCELLANEOUS
total $1,179 · program services $390 · management and general $789
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $231,302 · end of year $437,678
-
2 · Savings and temporary cash investments
beginning of year $1,190,138 · end of year $904,298
-
3 · Pledges and grants receivable
beginning of year $282,321 · end of year $65,000
-
9 · Prepaid expenses and deferred charges
end of year $10,406
-
17 · Accounts payable and accrued expenses
beginning of year $215
-
27 · Net assets without donor restrictions
beginning of year $1,678,064 · end of year $1,394,286
-
28 · Net assets with donor restrictions
beginning of year $25,482 · end of year $23,096
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO IMPROVE COLORADO'S ECONOMY AND SOCIETY THROUGH EFFECTIVE, EFFICIENT, AND ACCOUNTABLE INVESTMENTS IN EDUCATION.
-
SUMMER ADVANTAGE USA: SUMMIT54 CONTINUED ITS PARTNERSHIP WITH SUMMER ADVANTAGE USA TO COMBAT SUMMER LEARNING LOSS. THROUGH A 5-WEEK SUMMER PROGRAM INCLUDING RIGOROUS ACADEMIC INSTRUCTION, PHYSICAL FITNESS, ENRICHMENT PROGRAMS, AND EXTRA-CURRICULAR ACTIVITIES, STUDENTS GAIN AN AVERAGE OF 2.5 MONTHS IN BOTH MATH AND READING SKILLS. THIS UNIQUE, FREE PROGRAM - BASED ON EXTENSIVE NATIONAL RESEARCH - ALLOWS STUDENTS TO RAISE THEIR ACHIEVEMENT, BECOME HEALTHIER AND MORE PHYSICALLY FIT, IMPROVE THEIR SELF-ESTEEM, AND RETURN TO SCHOOL BETTER PREPARED TO SUCCEED ACADEMICALLY, WITH STRONGER MINDS AND BODIES. SUMMIT54'S SUMMER ADVANTAGE PROGRAM SERVES 550 STUDENTS ANNUALLY.
Expenses $868,372 · Grants $834,025
-
IN 2020, THE ORGANIZATION CREATED A NEW OUTDOOR TUTORING MODEL ENABLING SMALL GROUPS OF ELEMENTARY STUDENTS TO ENHANCE THEIR ACADEMIC LEARNING DURING SCHOOL CLOSURES DUE TO THE COVID-19 PANDEMIC. TODAY, IN PARTNERSHIP WITH ROARING FORK SCHOOL DISTRICT, SUMMIT54 PROVIDES FREE IN-CLASS TUTORING THROUGHOUT THE SCHOOL YEAR TO HUNDREDS OF STUDENTS ANNUALLY. STUDENTS ARE SELECTED BASED ON NEED AND MONITORED FOR ACADEMIC GROWTH THROUGH EXISTING MEASURES.
Expenses $52,066
As filed on the 2022 return.
Listed in Part VII
-
Terri CaineTERRI CAINE
CHAIR
- Total calculated
- $0
- Hours/week
- 30
-
Fred LodgeFRED LODGE
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Richard VosslerRICHARD VOSSLER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Ron OlsenRON OLSEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gretchen ColeGRETCHEN COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Soledad HurstSOLEDAD HURST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ricardo Zavala GomezRICARDO ZAVALA GOMEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Estela Lopez GudinoESTELA LOPEZ GUDINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael SolondzMICHAEL SOLONDZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
ENTREPRENEURIAL VENTURES IN EDUC
$834,025
PROGRAM SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341159349301904
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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