Summit Initiatives Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — | — |
| 2013 | 0 | 0 | 0 | — | — |
| 2014 | 4 | 0 | 4 | — | — |
| 2015 | 229 | 115,000 | −114,771 | 14.1 | 0% |
| 2016 | 344 | 78,500 | −78,156 | 8.7 | 0% |
| 2017 | 189 | 56,278 | −56,089 | 0.2 | — |
| 2018 | 13 | 0 | 13 | — | — |
| 2019 | 20 | 0 | 20 | — | — |
| 2020 | 9 | 0 | 9 | — | — |
| 2021 | 3 | 0 | 3 | — | — |
| 2022 | 9 | 0 | 9 | — | — |
| 2023 | 43 | 0 | 43 | — | — |
In its most recent public year (2023), this organization brought in $43 more than it spent.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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