2019-11-05T11:48:56-06:00 2018-12-31 363990892 Capin Crouse LLP 1255 Lakes Parkway STE 130 Lawrenceville GA 30043 990 2018-01-01 300595477 Summit Foundation SUMM 7045871403 14830 Choate Circle Charlotte NC 282417900 Fred Ely Secretary & Treasurer 7045871403 2019-11-05 1 Ted R Batson Jr P00721951 8173286510 139.146.132.42 2019-11-05 12:48:50 ES P AB612868BE4BD6EC5EDB2DC7033DD9252FA50016 B110F8CFCB5A5B920FB8CD4791B2E9C07BD39BDF 2018 2020-03-31 21:24:44Z Rene Palacio 14830 Choate Circle Charlotte NC 282417900 4200192 0 X n/a X 2009 MI To further the Kingdom of God by supporting beneficiary organizations. 3 2 0 2 0 0 0 0 0 0 5800368 4200192 0 0 5800368 4200192 7377267 3224118 0 0 0 0 0 0 0 173608 10349 7550875 3234467 -1750507 965725 50957207 51910523 12620 211 50944587 51910312 X The Foundation seeks to further the Kingdom of God by supporting beneficiary organizations as an integral part of the Evangelical purposes of the beneficiary organizations and the worldwide Evangelical Christian missions and activities being carried on by the beneficiary organizations. 0 0 3224118 3224118 The Foundation supported 26 beneficiary organizations through cash grants that support the beneficiary organization's programs. 3224118 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X Fred Ely 7045871403 14830 Choate Circle Charlotte NC 282417900 Fred Ely Secretary & Treasurer 2.00 40.00 X X 0 53127 23742 Rene Palacio President 1.00 X 0 0 0 Ronald Williams Board Member 1.00 1.00 X 0 0 0 0 53127 23742 0 0 0 0 0 4200192 4200192 4200192 0 0 4200192 3224118 3224118 5449 5449 4900 4900 3234467 3224118 10349 0 393 567 124214 1077356 50832600 50832600 50957207 51910523 12620 211 12620 211 X 50944587 51910312 50944587 51910312 50957207 51910523 965725 0 X X 1 X 0 1 0 X X X 1 SIM USA 221936391 1 1 111167 0 1 111167 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 Part IV, Section A, Line 6: The organization made grants to organizations other than SIM USA under the authority of SIM USA. The grantee organizations are listed on Schedule I, Part II. Part IV, Section C, Line 1: The fact that the Foundation is operated, supervised, and controlled in connection with one or more publicly supported charitable organizations, specifically SIM USA, is clearly established through the following facts: 1) A majority of the members of the Board of Directors of the Foundation also participate in the governance, management, and control of SIM USA. All grants are approved individually by the Board, a majority of which is made up of SIM USA Board members. 2) SIM USA has the right to name one or more members of the Board of Directors. 3) The assets of the Foundation have to ultimately be used for or distributed in accordance with the approval and direction of SIM USA. 0 Ownership interest in limited partnership 50832600 C 50832600 1 SIM USA 14830 Choate Circle Charlotte NC 28273 221936391 501(c)(3) 111167 Ministry support World Venture 20 Inverness Pl E Englewood CO 80112 362216163 501(c)(3) 45000 Ministry support Imago Dei Church 1302 SE Ankent St Portland OR 97214 931277176 501(c)(3) 26000 Ministry support Langham Partnership USA PO Box 189 Cave Creek AZ 85327 237417198 501(c)(3) 200000 Ministry support Living Water 6500 Chimney Mountain Road Muckogee OK 74401 830477675 501(c)(3) 30000 Ministry support Development Associates International 13710 Struthers Road Suite 120 Colorado Springs CO 80921 232838716 501(c)(3) 41090 Ministry support Viva Network North America 601 Union Street Suite 3010 Seattle WA 98101 841541857 501(c)(3) 50000 Ministry support World Relief 7 E Baltimore St Baltimore MD 21202 236393344 501(c)(3) 1000000 Ministry support 4 Africa East African Ministries 1320 South University Drive Suite 500 Fort Worth TX 76107 821565477 501(c)(3) 25000 Ministry support TechMission 48 Pleasant Street Dorchester MA 02125 680492427 501(c)(3) 30000 Ministry support The God's Story Project PO Box 187 Hemet CA 92546 912159638 501(c)(3) 50000 Ministry support Amazon Charities PO Box 2489 Malakoff TX 751482489 200291664 501(c)(3) 75000 Ministry support Scriptures in Use 101 S LA CANADA SUITE 49 D GREEN VALLEY AZ 85614 860578728 501(c)(3) 50000 Ministry support Baptist Mid-Missions Foundation Inc PO Box 308011 Cleveland OH 441308011 340742688 501(c)(3) 40000 Ministry support Bethany International 6820 Auto Club Rd Bloomington MN 55438 416110005 501(c)(3) 150000 Ministry support China Partnership 351 Main Street Suite E Metuchen NJ 08840 475586607 501(c)(3) 91137 Ministry support SMARD 9701 Turner Ln Brentwood TN 37027 474773811 501(c)(3) 24081 Ministry support ICETE 5850 TG Lee Blvd Suite 130 Orlando FL 32822 585821607 501(c)(3) 70000 Ministry support United World Mission 205 Regency Executive Park Dr Suite 430 Charlotte NC 28217 596045867 501(c)(3) 205643 Ministry support Cornerstone Ministries International PO Box 4002 Tustin CA 92781 911550156 501(c)(3) 40000 Ministry support Scholar Leaders International 27850 Irma Lee Circle Suite 101 Lake Forest IL 60045 942923639 501(c)(3) 300000 Ministry support Medical Teams International PO Box 10 Portland OR 97207 930878944 501(c)(3) 75000 Ministry support Frontier Mission Fellowship 1605 E Elizabeth St Pasadena CA 91104 953095682 501(c)(3) 80000 Ministry support Project MedSend 999 Oronoque Lane Stratford CT 066141379 752470543 501(c)(3) 275000 Ministry support International Mission Board PO Box 6767 Richmond VA 23230 540213930 501(c)(3) 125000 Ministry support World Renewal PO Box 399 Greenfield IN 46140 481013981 501(c)(3) 15000 Ministry support 26 0 Part I, Line 2: The Foundation requires recipients to provide reports detailing the use of funds and program outcomes. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. The 990 is reviewed in detail by the board. Form 990, Part VI, Section B, line 15 Questions 15a & 15b - The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The governing documents and financial statements are available upon request. Form 990, Part XII, Line 2c: The Foundation's Board assumes responsibility for oversight of the compilation of its financial statements and selection of its independent accountant. This process has not changed from the prior year. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its compiled financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the compiled financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $51,910,312 Line 29 - Net assets with donor restrictions $ - Total net assets $51,910,312 SIM USA 14830 Choate Circle Charlotte NC 28273 221936391 Missions NC 501(c)(3) Line 1 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SIM USA B 111167 Cash grants made