2025-11-11T14:06:58-06:00 2024-12-31 BDO USA 200 OTTAWA AVE NW STE 300 GRAND RAPIDS MI 49503 990 2024-01-01 300595477 Summit Foundation % FRED ELY SUMM 7045871403 14830 Choate Circle Charlotte NC 282417900 Fred Ely SECRETARY, TREASURER 7049967520 2025-05-15 true true Hannah Earl P01755342 6167747000 2024 2025-03-06 01:10:19Z RENE PALACIO 14830 Choate Circle Charlotte NC 282417900 104295775 false X N/A X 2009 MI TO FURTHER THE KINGDOM OF GOD BY SUPPORTING BENEFICIARY ORGANIZATIONS. 3 2 0 2 -6 446300000 103279000 0 0 780568 1016775 0 0 447080568 104295775 446677500 0 0 0 0 0 0 0 0 34446 43309 446711946 43309 368622 104252466 4924079 77373055 0 0 4924079 77373055 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. false false 4848 0 The Foundation supports beneficiary organization's programs through grants. 4848 true true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 3 2 false false false false false false false true false false false true true true true false false false false false X FRED ELY 7045871403 14830 CHOATE CIRCLE CHARLOTTE NC 282417900 RENE PALACIO PRESIDENT & Director 1.0 40.0 X X 0 59404 26400 FRED ELY SECRETARY & TREASURER 2.0 0.0 X X 0 0 0 RONALD WILLIAMS Director 1.0 0.0 X 0 0 0 0 59404 26400 0 false false false 0 103279000 103279000 103279000 0 1007091 -6 1007097 0 0 0 0 0 9684 0 9684 9684 9684 0 0 0 0 0 0 0 0 0 0 104295775 -6 1016781 0 0 0 0 0 0 0 0 0 0 0 8055 4027 4028 0 1643 821 822 0 0 0 0 0 0 0 0 0 0 0 0 0 6917 0 6917 0 0 0 0 1897 PORTFOLIO DEDUCTION 11990 11990 1897 OTHER DEDUCTIONS 82 82 OTHER TYPES OF EXPENSES 13908 13908 FOREIGN TAXES PAID 389 389 325 325 43309 4848 38461 0 546 624 45950 535930 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4877583 76836501 0 0 0 0 0 0 4924079 77373055 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3995741 4924079 0 0 4924079 77373055 4924079 77373055 104252466 -31803490 X false false false X X X 1 SIM USA INC 221936391 1 true 0 0 1 0 true false false false false true false false false false false false false false false false 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, INC IS CLEARLY ESTABLISHED THROUGH THE FOLLOWING FACTS: 1) SIM USA, INC HAS THE RIGHT TO NAME ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS. 2) THE ASSETS OF THE FOUNDATION HAVE TO ULTIMATELY BE USED FOR OR DISTRIBUTED IN ACCORDANCE WITH THE APPROVAL AND DIRECTION OF SIM USA, INC. PART IV, SECTION A, LINE 6: THE BOARD OF SIM USA AFFIRMS AND APPROVES THE BOARD MEMBERS OF SUMMIT FOUNDATION AND THOSE BOARD MEMBERS APPROVE ALL OF THE GRANTS OF SUMMIT FOUNDATION TO ORGANIZATIONS WITH SIMILAR CHARITABLE PURPOSES TO THOSE OF SIM USA. IN THE CASE OF GRANTS TO NCF, THOSE GRANTS ARE TO A DONOR ADVISED FUND OF WHICH THE BOARD MEMBERS OF SUMMIT FOUNDATION ARE THE ADVISORS AND THEY APPROVE ALL OF THE SUBSEQUENT GRANTS FROM THAT NCF ADVISED FUND TO ORGANIZATIONS WITH THE SAME CHARITABLE PURPOSES OF SIM USA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PARTNERSHIP 76836501 F 76836501 X 1 103279000 FMV false true false FORM 990, SCHEDULE M, PART I, COLUMN B: THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B) THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 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 BENEFICIARY ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 8B: THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. 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 ORGANIZATION'S TOP MANAGEMENT AND THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE PRESIDENT IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15: QUESTIONS 15A AND 15B - THE ORGANIZATION DOES NOT COMPENSATE ANY OFFCERS 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, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SIM USA INC 14830 CHOATE CIRCLE CHARLOTTE NC 28273 221936391 MISSIONS NC 501(C)(3) LINE 1 NA false false false false false false false false false false false false false false false false false false false false