Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990.
Nancy Adams’s $87K as Employee is at the 63rd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2022 | FY2021 |
|---|---|---|
| Nancy Adams | $87,324 | $86,094 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Helps businesses grow and improve within their community.
Questions for Summit Downtown INC
Your first name shows with your question. Summit Downtown INC answers here, for everyone.
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Sustain summit & jumpstart summit programs were created during the COVID-19 pandemic when the world shut down. The summit foundation worked with summit downtown, inc. To raise money for small businesses in summit to help them survive during the time period where they couldn't be open for business or were restricted from operating at…
Community events and programs
District promotion
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $224K | $331K |
| Total assetsLn 16 | $224K | $331K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $224K | $331K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $809K | $809K | ||
| Other salaries and wagesLn 7 | $144K | $144K | ||
| Pension plan contributionsLn 8 | $10K | $10K | ||
| Other employee benefitsLn 9 | $551 | $551 | ||
| Payroll taxesLn 10 | $14K | $14K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Other fees for servicesLn 11g | $98K | $91K | $7K | |
| Office expensesLn 13 | $2K | $2K | ||
| Information technologyLn 14 | $2K | $2K | ||
| OccupancyLn 16 | $9K | $9K | ||
| Travel and entertainment for public officialsLn 18 | $495 | $495 | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $59K | $53K | $6K | |
| Total functional expensesLn 25 | $1.2M | $953K | $207K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $497K | $471K | $26K | $433K | 990 PDF |
| FY2023 | $519K | $461K | $58K | $407K | 990 PDF |
| FY2022 | $440K | $453K | −$13K | $349K | 990 PDF |
| FY2021 | $403K | $371K | $32K | $362K | 990 PDF |
| FY2020 Viewing | $1.3M | $1.2M | $106K | $331K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,266,411 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 5 to look at
Part VIII · Statement of revenue $1,266,411 across 7 lines filed
Part IX · Statement of functional expenses $1,160,021 across 13 lines filed
Part X · Balance sheet $330,586 assets, 7 lines filed
Part XI · Reconciliation of net assets $330,586 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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