Summit Ascent Inc in Midlothian, Texas (TX)
Table of contents:
| Summit Ascent Inc | |
| Employer Identification Number (EIN) | 300672776 |
| Name of Organization | Summit Ascent Inc |
| In Care of Name | Carol D Elmore |
| Address | 6461 Mesquite Dr, Midlothian, TX 76065-8831 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/2011 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $3,427 |
| Amount of Income | $47,970 |
| Form 990 Revenue Amount | $47,970 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Adult, Child Matching Programs |
Non-representatives - add comments:
Amount of income in 2013: $47,970 (it was $61,327 in 2012)
| This organization: | $47,970 |
| Other organizations performing similar types of work: | $63,740 |
Assets in 2013: $3,427 (it was $1,558 in 2012)
| This organization: | $3,427 |
| Other organizations performing similar types of work: | $14,301 |
Expenses in 2013: $46,101
| Summit Ascent Inc: | $46,101 |
| Other organizations performing similar types of work: | $45,492 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 81.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $23,920 | $47,970 | |
| Contributions, gifts, grants, and similar amounts received | $23,920 | $47,970 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $0 | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $23,870 | $46,101 | |
| Total net assets | $50 | $3,427 | |
| Excess/Deficit for the year | $50 | $1,869 | |
| Net assets or fund balances at beginning of year | $0 | $1,558 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $3,427 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $50 | $1,558 | $3,427 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $50 | $3,427 | |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $133,217 |
| Subtotal | $133,217 |
| Gifts, grants, contributions, and membership fees received | $133,217 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $133,217 |
| Public support | $133,217 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Dallas Stars Baseball Club | 2737 N Fitzhugh Ave Apt 3123, Dallas, TX 75204-3333 | TX | 2011-03 | $326,556 |
| 2 | Baca Texas Inc | Po Box 9446, Wichita Falls, TX 76310 | TX | 2001-04 | $198,702 |
| 3 | Ryan Palmer Foundation | PO BOX 32271, Amarillo, TX 79120-2271 | TX | 2004-04 | $179,849 |
| 4 | Leadership Disd | Po Box 140528, Dallas, TX 75214 | TX | 2012-01 | $129,452 |
| 5 | Mission Squash Of Houston | 3 Riverway Ste 1800, Houston, TX 77056-1969 | TX | 2012-12 | $101,088 |
| 6 | Wichita Falls Elite Swim Team | Po Box 9888, Wichita Falls, TX 76308 | TX | 2011-01 | $67,395 |
| 7 | Tax Alliance Conference | 4686 Mcdermott Rd Ste 206, Plano, TX 75024-7772 | TX | 2006-04 | $64,987 |
| 8 | Vietnamese Missionary Institute | 1624 Hutchinson St, Mesquite, TX 75150-5928 | TX | 2014-11 | $64,172 |
| 9 | Summit Ascent Inc | 6461 Mesquite Dr, Midlothian, TX 76065-8831 | TX | 2011-10 | $47,970 |
| 10 | Dallas Storm Baseball Inc | 2725 Wagonwheel Dr, Dallas, TX 75234 | TX | 2010-11 | $25,000 |
| 11 | Deliverance Group Cdc | 7521 Portman Ave, Fort Worth, TX 76112-6031 | TX | 2014-09 | $10,000 |
| 12 | First Family Network Of Cameron County | 777 E Harrison St Flr 2, Brownsville, TX 78520-7240 | TX | 2012-06 | $7,066 |
| 13 | Abba Line Drive Inc | 3120 Redbird Lane, Grapevine, TX 76051 | TX | 2012-03 | $0 |
| 14 | Big Brothers Giving Back | 301 N Montgomery, Gilmer, TX 75644 | TX | 2011-07 | $0 |
| 15 | Big Dreamers Inc | 3910 Fairmont Pky Ste 211, Pasadena, TX 77504-3076 | TX | 2009-02 | $0 |
| 16 | Canutillo Action For Students And Adults | 6935 Doniphan Dr, Canutillo, TX 79835-5404 | TX | 2006-01 | $0 |
| 17 | Caritas Foundation International | 630 Mccall St, Corpus Christi, TX 78404 | TX | 2012-05 | $0 |
| 18 | Change A Negative To A Positive Inc | 8507 Dawnridge Rd, Houston, TX 77071 | TX | 2004-09 | $0 |
| 19 | Child Project United | 411 S Main St, Borger, TX 79007-4803 | TX | 2003-05 | $0 |
| 20 | Clothe To Feed Feed To Clothe Inc | 9797 Meadow Glen Lane Apt 2102, Houston, TX 77042 | TX | 2012-04 | $0 |
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| Total | 970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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