Summit Future Foundation EIN 83-3005164

Summit Future Foundation FY2021 filing

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Empowering youth with disabilities to live meaningful community lives through comprehensive support. For fiscal year 2021 it reported $443K in revenue, $382K in expenses, and $70K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Kansas City, MO
Filings
5 on file (2020–2021)
Revenue
$443KFY2021
Expenses
$382K
Net assets
$70K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-3005164 Public charity (501(c)(3)) Kansas City, MO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Empowering youth with disabilities to live meaningful community lives through comprehensive support.
Leadership
Cassidi Jobe · Executive Director · $52K
Money in and out
$443K revenue, $382K expenses
Bottom line
67% program efficiency
Where the money goes · FY2021
Total revenue
$443K
Pt VIII · Ln 12
Total expenses
$382K
Pt IX · Ln 25
Net assets
$70K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.21 Fundraising $0.12
Program efficiency
67%
of spending reaches programs
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$443K
FY2021▲ +231%
Expenses
$382K
FY2021▲ +222%
Total assets
$86K
FY2021▲ +151%
Total liabilities
$16K
FY2021
Total revenue
$443K
Pt VIII · Ln 12
Total expenses
$382K
Pt IX · Ln 25
Net assets
$70K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$86K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $189K of program spending, described in the organization's own filed words · FY2021.
01

Skill Development

For those who are interested in supporting their child in gaining the personal skills they need to live their most independent life possible our skill development programs are provided in the home, and in the community, by one of our highly trained support professionals, and focuses on skill acquisition, to assist their child in…

$110Kprogram expense
02

Supported Employment

Summit Future Foundation provides customized employment training services to individuals 16+. Participants will learn vital job readiness skills. Additionally, our supported employment programs assist individuals in seeking employment, obtaining employment and provides ongoing job coaching support to facilitate successful employment.

$65Kprogram expense
03

Watch Me Thrive

Our signature youth development program is changing the way families prepare for the child's future. This innovative program provides teens and young adults the opportunity to develop their job readiness skills through engagement in volunteer and internship opportunities.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSummit Future Foundation
EINHdr · item D83-3005164
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$52,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Cassidi Jobe$80,894$77,517$77,717$52,000

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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Statement of Revenue

Part VIII
Program service revenue$305K · 69%
Contributions & grants$131K · 30%
Other revenue$7K · 1%
Program service revenue69%$305K
Contributions & grants30%$131K
Other revenue1%$7K
Total revenueLn 12$443K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.21 Fundraising $0.12
Program services67%$257K
Management & general21%$79K
Fundraising12%$46K
Total functional expensesLn 25$382K

Balance Sheet

Part X · end of year
CashLn 1$47K
Total assetsLn 16$86K
Total liabilitiesLn 26$16K
Total net assetsLn 32$70K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $47K · Operating expenses (Pt IX) $382K · Less non-cash grants $5K · Cash operating expenses/yr $377K
1.5 months
Where the money goes
Program services
Program services $257K · Total expenses $382K
67%
Management & General
Management & general $79K · Total expenses $382K
21%
Fundraising
Fundraising $46K · Total expenses $382K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $33K · Solicited contributions (2-yr avg) $102K
$0.32 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $131K · Total revenue $443K
30%
Government reliance
Government grants $0 · Total revenue $443K
0%
Earned-income share
Program service revenue $305K · Total revenue $443K
69%
Investment reliance
Investment income $0 · Total revenue $443K
0%
Program self-sufficiency
Program service revenue $305K · Total expenses $382K
80%
Growth & trend
Revenue growth (YoY)
This year $443K · Prior year $134K
+231%
Net-asset trend (YoY)
End of year $70K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $443K · Expenses $382K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $86K
Net-asset ratio
Net assets $70K · Total assets $86K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $86K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cassidi Jobe · Reported title Executive Director · Highest reported compensation $52K · Total expenses $382K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $279K · Total expenses $382K
73%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 21%
Fundraising cost ratio 35%
Revenue growth 231%
Legal fee ratio 0.01%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$943K revenue · ⤓ 990 PDF
FY2022$673K revenue · ⤓ 990 PDF
FY2021$443K revenue · viewing · ⤓ 990 PDF
FY2020$134K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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