Permian Summit Foundation FY2022 filing

Tax-deductible

Castle Pines, CO501(c)(3)Human ServicesEIN 88-0980084

Supporting underserved causes in the permian basin through our fundraising event, the permian basin rocky mountain golf summit.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990-EZIndependent: 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
FY2024
latest Form 990-EZ
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $40K a year · 13% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104K
Net assets
$3K
By yearFY2022–FY2024
Revenue
$104K
FY2022
Revenue by fiscal year
FY2022$104K
FY2023$260K
FY2024$379K
Expenses
—
FY2022
Expenses by fiscal year
FY2022Not on file
FY2023$228K
FY2024$331K
Net assets
$3K
FY2022
Net assets by fiscal year
FY2022$3K
FY2023$34K
FY2024$82K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPermian Summit Foundation
EINHdr · item D88-0980084
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2022
Latest filingForm 990FY2024 · Form 990-EZ
Principal addressHdr · item CCastle Pines, CO
NTEE classificationIRS BMFHuman Services (P12)

Finances

Money in and out, what it owns and owes

Months of spending covered by cash
0.3mo
months of spending covered by cash and easy-to-sell investments
Surplus or deficit
+3%
as % of revenue, this year
Donor-funded
141%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2022 · Form 990-EZ
Total assets
—
FY2022
Total assets by fiscal year
FY2022Not on file
FY2023$249K
FY2024$381K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2022Not on file
FY2023$215K
FY2024$299K
Revenue less expensesPt I · Ln 19—
Total assetsPt X · Ln 16—
Spent on programsPt IX · col B—
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16—
Total liabilitiesLn 26$0
Total net assetsLn 32$3K

Statement of Revenue

Part VIII
Other revenue100%$104K
Total revenueLn 12$104K

Money in detail

Form 990 · FY2022 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $3K · Operating expenses/yr $101K
0.3 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $104K
141%
Government reliance
not reported
Earned-income share
Program service revenue — · Total revenue $104K
—
Investment reliance
Investment income — · Total revenue $104K
—
Program self-sufficiency
Program service revenue — · Total expenses $101K
Rests on the self-reported EZ program figure
Growth & trend
Revenue change from last year
This year $104K · Prior year —
No prior year on file
Net assets change over the year
End of year $3K · Beginning of year $0
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $104K · Expenses $101K
+3%
Debts compared to what it owns
Total liabilities $0 · Total assets $3K
0%
Net assets compared to what it owns
Net assets $3K · Total assets $3K
100%
People & payroll
Highest Reported Total Compensation
Individual Jack Blake JR · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $101K
0%
Personnel share
Salaries & benefits — · Total expenses $101K
Form 990-EZ bundles compensation — not comparable to full-990 filers

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
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 Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
E.d./Chair/Treasurer/Secretary
$0Pt VII · Sec A
See Permian Summit Foundation executive salaries →

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Governance & Policies

Part VI
  • –Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNot reported
  • Whistleblower policyPt VI · Ln 13Not reported
  • Document retention policyPt VI · Ln 14Not reported
  • Top official’s pay independently reviewedPt VI · Ln 15aNot reported
  • Family or business ties among leadersPt VI · Ln 2Not reported

Mission and programs

What it does.

Raises money for local causes through a golf event.

Provided by the organization

This section is blank until Permian Summit Foundation claims this page.

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $495K · 2023–2024

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $379K$331K+46% 990 PDF
FY2023 $260K$228K+151% 990 PDF
FY2022 Viewing $104K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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