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Summit Ministries

Rating
Sector:

Christian Growth

Total
Revenue:

$4,125,400

Total
Expenses:

$4,123,613

Net
Assets:

$7,108,008
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 69.4%
General & Admin 12.5% 28.5%
Fundraising 6.8% 2%
Savings -4.4% 0%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Summit Ministries (formal name American Christian College, Inc.) strives to teach, instruct and train young people from throughout the US about Christian values, America's Christian heritage and the Christian worldview, and to support and assist organizations which are organized and operated for similar purposes. Summit Ministries exists to train a generation of leaders who understand the times, know what it means to think biblically in every area of life, and are able to become leaders for Christ in their schools, communities, churches, families and country. Christian leadership training center helps young people understand how their faith relates to their everyday lives. Through various extensions, Summit Ministries challenges Christians to develop a biblical worldview, and to serve Christ and others by speaking, and living, the truth. Summit Ministries was founded in 1962. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:PO Box 207
Manitou Springs, CO
80829-0207
Website: www.summit.org
Phone:(719) 685-9103
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 730792333
CEO/President: Dr. David Noebel Tax Deductible: Yes
Chairman: Jeff Myers Fiscal Year End: March 31
Board Size: 6 Financial info from: 990
Founder: Member of ECFA: Yes
Year Founded: 1962 Member of ECFA since: 1988

Purpose [ Back to top ]

Summit Ministries (formal name American Christian College, Inc.) strives to teach, instruct and train young people from throughout the US about Christian values, America's Christian heritage and the Christian worldview, and to support and assist organizations which are organized and operated for similar purposes. Summit Ministries exists to train a generation of leaders who understand the times, know what it means to think biblically in every area of life, and are able to become leaders for Christ in their schools, communities, churches, families and country. Christian leadership training center helps young people understand how their faith relates to their everyday lives. Through various extensions, Summit Ministries challenges Christians to develop a biblical worldview, and to serve Christ and others by speaking, and living, the truth. Summit Ministries was founded in 1962.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Summit Ministries uses the following to express its mission:

...equipping servant leaders in worldview analysis, training champions of the Christian faith, and inspiring them to love God with their hearts and minds.

Program Accomplishments [ Back to top ]

  • Updated Lightbearers Middle School Curriculum.
  • Printed first grade of Building on the Rock Grade School Curriculum. Continuing in the development of grades 2-6.
  • Went online with a completely new summit.org. Rebuilt from the ground up, summit.org now offers the user a much cleaner interface to navigate as well as many new tools and resources to better aid them in the development of a Christian worldview.
  • Summit Alumni Association - This website is a tool for past Summit students to get involved on their college campuses and in their communities. Through this site Summit alumni can contact other Summit students and network with them. It is our hope that together they can make an impact for Christ.
  • Just a Thought Discussion Board - Provides a forum of discussion between the Summit staff and Summit students. Topics for discussion include relevant worldview, apologetic, and cultural issues.
  • Re-structured the summer program to bring all non-Colorado based programs under the umbrella of the Manitou Springs-based Ministry. This includes the two programs at Bryan College in Dayton, Tennessee and a new program at Cedarville University in Ohio.
  • Finished editing and made available the Summit Lecture Series. This series includes 121 lectures given at the Summit and at other events Summit Ministries has been asked to be involved. The series comes in mp3, DVD and Audio CD formats.
  • Launched "Truth & Consequences," a monthly email worldview resource.
  • Countering Culture was co-published with Broadman and Holman. This is a thirteen-week study of worldviews for youth, adults, college-age students and homeschoolers.
  • Christians in New Zealand started a worldview program modeled after Summit's Summer Conference. They also used many Summit speakers including Dr. Noebel.
  • Summit completed its 43rd summer of training high school and college students in comparative worldview and apologetics. Over 1,200 students came through the program in Manitou Springs, CO. In addition Summit programs continue in TN, OH and internationally in South Africa.

    Statement of Faith [ Back to top ]

    As a statement of faith, Summit Agrees with and holds to The Apostle’s Creed:

    [We] believe in God, the Father almighty, creator of heaven and earth.

    [We] believe in Jesus Christ, God's only Son, our Lord, who was conceived by the Holy Spirit, born of the Virgin Mary, suffered under Pontius Pilate, was crucified, died, and was buried; he descended to the dead. On the third day he rose again; he ascended into heaven, he is seated at the right hand of the Father, and he will come again to judge the living and the dead.

    [We] believe in the Holy Spirit, the holy catholic church, the communion of saints, the forgiveness of sins, the resurrection of the body, and the life everlasting. AMEN.

    History [ Back to top ]

    Dr. David Noebel founded the Summit in 1962 to help ground Christians in their faith, thereby enabling them to face the challenges whirling about on college campuses. From 1962 until 1988, what was a small series of camp-style conferences, hosting an average of 350 students each year, grew in 1989 to a program that hosts eight two-week conferences every summer, with over 1300 students graduating each year. In 1991, the curriculum department of Summit launched a year-long program for Christian high school seniors with the same basic goals – to teach Christians how to analyze competing worldviews and to defend their faith. Each year 3,500 high school seniors graduate from this program. Currently, Summit’s conferences have expanded to offer programs to adults, parents, pastors, and educators. Their curriculum department has grown as well and now offers curriculum materials for individuals, churches, Sunday schools, home schools, Christian middle schools, and soon Christian elementary schools.

    Ministry Needs [ Back to top ]

    This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

    Research Analysis

    Transparency Grade [ Back to top ]

    Transparency Grade of : B
    Criteria categoryGradeOther Comments
    Timeliness:7010/28/2011 8:37:55 PM: Organization made financial information available greater than 7 ½ months.
    Financial Information:90
    Foundational Clarity:10010/28/2011 8:38:08 PM: Descriptive information was abundant and thorough.
    Level of Cooperation:100
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    MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

    Ranking CategoryRatingOverall RankChristian Growth Sector
    Overall Efficiency RatingStarStarStar185 of 348    12 of 37
    Fund Acquisition DecisionStarStarStar185 of 348      12 of 37
    Resource Allocation Decision of 348      28 of 37
    Asset Utilization Decision of 348      28 of 37
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Ministry Statement or Response [ Back to top ]

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20102009200820072006
Return on FR Efforts10%7%10%8%2%3%
Fundraising Cost Ratio7%2%4%3%1%1%
Contributions Reliance83%31%41%41%40%37%
Fundraising Expense Ratio7%2%4%3%1%1%
Other Revenue Reliance17%69%59%59%60%63%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%69%70%76%71%70%
Spending Ratio104%100%105%105%98%105%
Program Output Ratio84%69%74%80%70%73%
Savings Ratio-4%0%-5%-5%2%-5%
Reserve Accumulation Rate4%0%-3%-3%1%-2%
General & Admin Ratio12%29%26%21%28%29%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.91x.55x.6x.54x.49x.41x
Degree of L-T Investment3.1x4.67x7.82x10.87x2.32x2.15x
Current Asset Turnover5.56x2.55x4.73x5.82x1.13x.89x
Age of Assets10.5yr(s)37.2yr(s)31.3yr(s)38yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3306.32x14.28x3.98x3.4x20.34x23.44x
Current Liabilities Ratio.39x.07x.25x.29x.05x.04x
Liquid Reserve Level4.91x4.38x1.9x1.46x10.05x12.92x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.06x.06x.05x.05x.05x
Debt Ratio.07x.02x0x0x0x0x
Reserve Coverage Ratio81%172%155%177%193%231%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$949,510$254,201$161,238$2,594,098$3,024,142
Receivables, Inventories & Prepaids$667,125$550,502$510,046$516,819$354,379
Short-Term Investments$0$0$0$0$0
Total Current Assets$1,616,635$804,703$671,284$3,110,917$3,378,521
Long-Term Investments$2,721,267$2,271,592$3,308,937$4,098,614$3,901,481
Fixed Assets$3,030,103$3,052,188$3,154,563$0$0
Other Long-Term Assets$181,657$167,092$0$0$0
Total Long-Term Assets$5,933,027$5,490,872$6,463,500$4,098,614$3,901,481
TOTAL ASSETS$7,549,662$6,295,575$7,293,723$7,209,531$7,280,002
Liabilities20102009200820072006
Payables & Accrued Expenses$97,623$119,967$155,013$83,084$80,675
Other Current Liabilities$15,564$82,342$42,362$69,830$63,435
Total Current Liabilities$113,187$202,309$197,375$152,914$144,110
Debt$156,726$4,839$7,863$35,000$10,000
Other Long-Term Liabilities$171,741$180,894$191,355$191,855$197,625
Total Long-Term Liabilities$328,467$185,733$199,218$226,855$207,625
TOTAL LIABILITIES$441,654$388,042$396,593$379,769$351,735
Assets20102009200820072006
Unrestricted$5,840,147$4,830,166$5,971,509$5,950,502$6,036,671
Temporarily Restricted$385,822$228,353$87,582$52,958$122,181
Permanently Restricted$882,039$849,014$838,039$826,302$769,415
NET ASSETS$7,108,008$5,907,533$6,897,130$6,829,762$6,928,267
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$1,264,290$1,489,143$1,527,110$1,440,987$1,064,602
Program Service Revenue$2,297,544$1,760,735$1,760,159$1,744,605$1,443,159
Membership Dues$0$0$0$0$0
Investment Income$245,204$51,235($28,902)($58,477)($55,970)
Other Revenue$318,362$335,963$460,449$457,867$396,452
Total Other Revenue$2,861,110$2,147,933$2,191,706$2,143,995$1,783,641
TOTAL REVENUE$4,125,400$3,637,076$3,718,816$3,584,982$2,848,243
Expenses20102009200820072006
Program Services$2,864,396$2,674,795$2,976,316$2,523,349$2,090,268
Management & General$1,176,377$977,890$805,898$981,645$885,766
Fundraising$82,840$150,923$124,227$25,530$27,717
TOTAL EXPENSES$4,123,613$3,803,608$3,906,441$3,530,524$3,003,751
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$1,787($166,532)($187,625)$54,458($155,508)
Other Changes in Net Assets$0$0$254,993($152,963)$524,091
TOTAL CHANGE IN NET ASSETS$1,787($166,532)$67,368($98,505)$368,583