Seven Summits Foundation
EIN: 263123334 · Tulsa, OK · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Net Assets | $3K |
Is Seven Summits Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seven Summits Foundation
Seven Summits Foundation (EIN: 263123334) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T20. The organization reported total revenue of $10K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seven Summits Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seven Summits Foundation is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 58.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $0 |
| Surplus / Deficit | +$5K |
| Total Assets | $3K |
| Total Liabilities | $1 |
| Net Assets | $3K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 0.0% |
Financial Health Grade: A
In 2023, Seven Summits Foundation reported a surplus of $5K with revenue exceeding expenses, has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Seven Summits Foundation's revenue has grown at a compound annual growth rate (CAGR) of 58.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.5% | — | +24.3% |
| 2022 | +100.0% | — | -9.0% |
| 2021 | +100.0% | — | +56.5% |
| 2020 | +0.0% | -100.0% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seven Summits Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seven Summits Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Seven Summits Foundation
Is Seven Summits Foundation a legitimate charity?
Seven Summits Foundation (EIN: 263123334) is a registered tax-exempt nonprofit based in Oklahoma. It has 10 years of IRS 990 filings on record. Total revenue: $10K. No red flags identified. Financial health grade: A.
How does Seven Summits Foundation spend its money?
Seven Summits Foundation reported $10K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Seven Summits Foundation tax-deductible?
Seven Summits Foundation is registered as a tax-exempt nonprofit (EIN: 263123334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seven Summits Foundation located?
Seven Summits Foundation is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 263123334. It is classified under NTEE code T20.
How many years of IRS 990 filings does Seven Summits Foundation have?
Seven Summits Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10K in total revenue.
Filing History
IRS 990 filing history for Seven Summits Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Seven Summits Foundation's revenue has grown by 24185.7%, moving from $21 to $5K. Total assets decreased by 27.7% over the same period, from $3K to $3K. Total functional expenses fell by 100%, from $614 to $0. The organization holds $1 in liabilities against $3K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $0 | $3K | $1 | — | — |
| 2022 | $4K | $0 | $2K | $1 | — | View 990 |
| 2021 | $2K | $0 | $2K | $1 | — | — |
| 2020 | $1K | $0 | $1K | $1 | — | — |
| 2019 | $1K | $600 | $2K | $0 | — | View 990 |
| 2015 | $0 | $600 | $1K | $0 | — | View 990 |
| 2014 | $0 | $600 | $2K | $0 | — | View 990 |
| 2013 | $0 | $600 | $2K | $0 | — | View 990 |
| 2012 | $0 | $600 | $3K | $0 | — | View 990 |
| 2011 | $21 | $614 | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $0, and assets of $3K (revenue +27.5% year-over-year).
- 2022: Revenue of $4K, expenses of $0, and assets of $2K (revenue +100.0% year-over-year).
- 2021: Revenue of $2K, expenses of $0, and assets of $2K (revenue +100.0% year-over-year).
- 2020: Revenue of $1K, expenses of $0, and assets of $1K (revenue +0.0% year-over-year).
- 2019: Revenue of $1K, expenses of $600, and assets of $2K.
- 2015: Revenue of $0, expenses of $600, and assets of $1K.
- 2014: Revenue of $0, expenses of $600, and assets of $2K.
- 2013: Revenue of $0, expenses of $600, and assets of $2K.
- 2012: Revenue of $0, expenses of $600, and assets of $3K (revenue -100.0% year-over-year).
- 2011: Revenue of $21, expenses of $614, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seven Summits Foundation:
Data Sources and Methodology
This transparency report for Seven Summits Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.