Summit Leadership Foundation
Summit Leadership Foundation shows consistent asset growth but experienced a significant revenue drop and operated at a deficit in 2023.
EIN: 201336099 · Johnson City, TN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is Summit Leadership Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit Leadership Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summit Leadership Foundation
Summit Leadership Foundation (EIN: 201336099) is a nonprofit organization based in Johnson City, TN, classified under NTEE code X20. The organization reported total revenue of $1.3M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Leadership Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Leadership Foundation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-307,676 |
| Total Assets | $4.6M |
| Total Liabilities | $2.3M |
| Net Assets | $2.4M |
| Operating Margin | -29.2% |
| Debt-to-Asset Ratio | 48.5% |
| Months of Reserves | 40.9 months |
Financial Health Grade: B
In 2023, Summit Leadership Foundation reported a deficit of $308K with expenses exceeding revenue, holds 40.9 months of operating reserves (strong position), has a debt-to-asset ratio of 48.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Summit Leadership Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.1% | +7.4% | +0.7% |
| 2022 | +76.5% | +52.1% | +104.6% |
| 2021 | -5.8% | -15.0% | +18.5% |
| 2020 | +30.4% | +26.9% | +25.8% |
| 2019 | +25.1% | -2.9% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Summit Leadership Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Summit Leadership Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $308K, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly commendable for an organization of its size with over $1 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Summit Leadership Foundation's IRS 990 filings:
- Significant revenue decrease from $2,251,331 in 2022 to $1,054,970 in 2023.
- Expenses ($1,362,646) exceeded revenue ($1,054,970) in 2023, resulting in a deficit.
- Liabilities have increased substantially, reaching $2,255,453 in 2023, which is nearly half of its total assets.
Strengths
The following positive indicators were identified for Summit Leadership Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship regarding executive pay.
- Strong and consistent growth in assets over the past decade, reaching $4,647,562 in 2023.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Maintained positive net assets despite fluctuations in annual revenue and expenses.
Frequently Asked Questions about Summit Leadership Foundation
Is Summit Leadership Foundation a legitimate charity?
Summit Leadership Foundation (EIN: 201336099) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Summit Leadership Foundation spend its money?
Summit Leadership Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Summit Leadership Foundation tax-deductible?
Summit Leadership Foundation is registered as a tax-exempt nonprofit (EIN: 201336099). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Summit Leadership Foundation CEO make?
Summit Leadership Foundation's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Summit Leadership Foundation's spending goes to programs?
Summit Leadership Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Summit Leadership Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Summit Leadership Foundation is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summit Leadership Foundation located?
Summit Leadership Foundation is headquartered in Johnson City, Tennessee and files with the IRS under EIN 201336099. It is classified under NTEE code X20.
How many years of IRS 990 filings does Summit Leadership Foundation have?
Summit Leadership Foundation has 13 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 $1.3M in total revenue.
Is Summit Leadership Foundation financially stable?
While the organization has a strong asset base of $4,647,562 in 2023 and a history of growth, it experienced a significant revenue decrease from $2,251,331 in 2022 to $1,054,970 in 2023 and operated at a deficit of $307,676 in 2023. Its liabilities also increased to $2,255,453 in 2023, which warrants monitoring.
How does Summit Leadership Foundation manage executive compensation?
Summit Leadership Foundation reports 0% officer compensation in all available IRS 990 filings, indicating that no officers received salaries or other compensation from the organization, which is a strong positive for directing funds to its mission.
What caused the significant drop in revenue in 2023?
The provided data does not specify the exact cause of the revenue drop from $2,251,331 in 2022 to $1,054,970 in 2023. Further investigation into the organization's financial statements or narrative reports would be needed to understand this fluctuation.
Are the increasing liabilities a concern?
Liabilities have increased significantly, reaching $2,255,453 in 2023. While assets have also grown, the ratio of liabilities to assets (approximately 48.5% in 2023) should be monitored to ensure long-term financial health and solvency.
Filing History
IRS 990 filing history for Summit Leadership Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Summit Leadership Foundation's revenue has grown by 138.4%, moving from $443K to $1.1M. Total assets increased by 3884.9% over the same period, from $117K to $4.6M. Total functional expenses rose by 230.7%, from $412K to $1.4M. In its most recent filing year (2023), Summit Leadership Foundation reported a deficit of $308K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $4.6M in assets (debt-to-asset ratio: 48.5%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $4.6M | $2.3M | — | — |
| 2022 | $2.3M | $1.3M | $4.6M | $1.9M | — | View 990 |
| 2021 | $1.3M | $835K | $2.3M | $538K | — | View 990 |
| 2020 | $1.4M | $982K | $1.9M | $627K | — | View 990 |
| 2019 | $1.0M | $774K | $1.5M | $610K | — | View 990 |
| 2018 | $830K | $797K | $1.3M | $629K | — | View 990 |
| 2017 | $1.2M | $739K | $1.3M | $661K | — | — |
| 2016 | $722K | $719K | $155K | $11K | — | View 990 |
| 2015 | $689K | $708K | $162K | $21K | — | View 990 |
| 2014 | $757K | $659K | $171K | $10K | — | View 990 |
| 2013 | $523K | $566K | $78K | $14K | — | View 990 |
| 2012 | $497K | $495K | $121K | $15K | — | View 990 |
| 2011 | $443K | $412K | $117K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $4.6M (revenue -53.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.3M, and assets of $4.6M (revenue +76.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $835K, and assets of $2.3M (revenue -5.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $982K, and assets of $1.9M (revenue +30.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $774K, and assets of $1.5M (revenue +25.1% year-over-year).
- 2018: Revenue of $830K, expenses of $797K, and assets of $1.3M (revenue -30.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $739K, and assets of $1.3M (revenue +64.3% year-over-year).
- 2016: Revenue of $722K, expenses of $719K, and assets of $155K (revenue +4.8% year-over-year).
- 2015: Revenue of $689K, expenses of $708K, and assets of $162K (revenue -8.9% year-over-year).
- 2014: Revenue of $757K, expenses of $659K, and assets of $171K (revenue +44.6% year-over-year).
- 2013: Revenue of $523K, expenses of $566K, and assets of $78K (revenue +5.4% year-over-year).
- 2012: Revenue of $497K, expenses of $495K, and assets of $121K (revenue +12.2% year-over-year).
- 2011: Revenue of $443K, expenses of $412K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Leadership Foundation:
Data Sources and Methodology
This transparency report for Summit Leadership 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.