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Summit Foundation DBA Summit Thrift Store FY2024 filing

Tax-deductible

Lynden, WA501(c)(3)Since 2023Human ServicesEIN 32-0735614Revenue $266K in FY2024

On file with the IRSsummitthriftstore.org404 Front St, 98264-1921 · Lynden, WATax-exempt since Apr 2024Publicly supported — 509(a)(2)

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To generate funds to the glory of God for the purpose of discipling His people. Operation of a thrift store, run by volunteers selling donated goods.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $18K a year · 6% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$266K
+240% vs prior year
Spent
$259K
To programs
99%
Net assets
$34K
By yearFY2023–FY2025
Revenue
$266K
FY2024▲ +240%
Tap a bar for its year
Revenue by fiscal year
FY2023$78K
FY2024$266K
FY2025$325K
Expenses
$259K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2023Not on file
FY2024$259K
FY2025$297K
Net assets
$34K
FY2024▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2023$27K
FY2024$34K
FY2025$62K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $255K Management & general 1% · $4K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ted Huizenga
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Larry Haak
Board Member
$0Pt VII · Sec A
Diane Haak
Board Member
$0Pt VII · Sec A
See Summit Foundation DBA Summit Thrift Store executive salaries →

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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

Operates a thrift store selling donated goods to fund discipleship.

Provided by the organization

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1 program · $255K · in their own filed words · FY2024
01

Operation of a thrift store, run by volunteers selling donated goods.

$255Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $218K · 2024–2025
Envision Mission ChurchWA · FY2025$110,116
Envision Mission ChurchWA · FY2024$108,136

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$266K
Ln 12
Fees for servicesLn 2g$260K
Gifts and grantsLn 1h$6K
Money outPt IX
$259K
Ln 25
Programscol B$255K
Managementcol C$4K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$43K
LiabilitiesLn 26$9K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$260K
Total revenueLn 12$266K
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Total assetsLn 16$43K
LiabilitiesLn 26$9K
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 54
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$58K$43K
Total assetsLn 16$58K$43K
LiabilitiesLn 26$31K$9K
Net assetsLn 32$27K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$108K$108K
Other salaries and wagesLn 7$68K$68K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$902$902
Office expensesLn 13$7K$7K$26
OccupancyLn 16$56K$56K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e$2K$2K$288
Total functional expensesLn 25$259K$255K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $325K$297K$28K$62K 990 PDF
FY2024 Viewing $266K$259K$7K$34K 990 PDF
FY2023 $78K$27K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $266,423 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,808$6,013
I-9 Program service revenuePrior year $0$260,410
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $53,470$0
I-12 Total revenuePrior year $78,278$266,423
I-13 Grants and similar amounts paidPrior year $0$108,136
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,024$75,237
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $41,573$75,605
I-18 Total expensesPrior year $51,597$258,978
I-19 Revenue less expensesPrior year $26,681$7,445
Part VI · Governance 6 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $266,423 across 4 lines filed
VIII-1f All other contributions, gifts and grants$6,013
VIII-1h Total contributions, gifts and grants$6,013
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $260,410$260,410
VIII-12 Total revenueRelated to mission $260,410 · Unrelated business $0 · Excluded from tax $0$266,423
Part IX · Statement of functional expenses $258,978 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $108,136$108,136
IX-7 Other salaries and wagesPrograms $67,527$67,527
IX-10 Payroll taxesPrograms $7,710$7,710
IX-11c Accounting feesManagement $3,357$3,357
IX-12 Advertising and promotionPrograms $902$902
IX-13 Office expensesPrograms $6,880 · Management $26$6,906
IX-16 OccupancyPrograms $55,958$55,958
IX-23 InsurancePrograms $3,469$3,469
IX-24 Other expenses (24a–d)Programs $3,077$3,077
IX-24e All other expensesPrograms $1,648 · Management $288$1,936
IX-25 Total functional expensesPrograms $255,307 · Management $3,671 · Fundraising $0$258,978
Part X · Balance sheet $43,392 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $57,904$43,392
X-16 Total assetsStart of year $57,904$43,392
X-17 Accounts payable and accrued expensesStart of year $31,223$9,266
X-26 Total liabilitiesStart of year $31,223$9,266
X-27 Net assets without donor restrictionsStart of year $26,681$34,126
X-32 Total net assets or fund balancesStart of year $26,681$34,126
X-33 Total liabilities and net assetsStart of year $57,904$43,392
Part XI · Reconciliation of net assets $34,126 net assets at year end
XI-1 Total revenue$266,423
XI-2 Total expenses$258,978
XI-3 Revenue less expenses$7,445
XI-4 Net assets at start of year$26,681
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,126

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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