Summit Ministries

Summary

Summit Ministries 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 avenues, Summit Ministries challenges Christians to develop a biblical worldview, and to serve Christ and others by speaking, and living, the truth. Our programming consists of two-week conferences for 16-25-year-olds in multiple locations across the U.S. We also offer semester-long programs for collegiate-level students. Our publishing division offers resources for Christian schools, homeschool, and churches. Alumni in our programs are networked around the world with the aim of driving impact in their communities. We bring the best leaders in America to speak, teach, and write at Summit. It's more than just a classroom experience. It's a network, a life-long experience, a trajectory-changing event. 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

Mailing address:
PO Box 207
Manitou Springs, CO 80829-0207

Website: www.summit.org

Phone: (719) 685-9103

Email: info@summit.org


Organization details

EIN: 730792333

CEO/President: Dr. Jeff Myers

Chairman: Julie Ambler

Board size: 6

Founder:

Year founded: 1962

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1988


Purpose

Summit's mission is to cultivate rising generations to resolutely champion a biblical worldview.


Mission statement

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.


Statement of faith

As a statement of faith, Summit Agrees with and holds to The Apostle's Creed, an ancient profession affirmed by Jesus-followers for more than 1,500 years:

[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 [universal] church, the communion of saints, the forgiveness of sins, the resurrection of the body, and the life everlasting. AMEN.

Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating393 of 43042 of 46
Fund acquisition rating368 of 43037 of 46
Resource allocation rating267 of 43026 of 46
Asset utilization rating380 of 43035 of 46

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%22%13%5%9%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%5%2%3%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%45%42%48%31%35%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%6%3%3%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%55%58%52%69%65%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%80%83%86%83%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%107%87%89%98%93%
Program output ratio Program output ratio =
Program services /
Total revenue
81%86%73%76%81%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-7%13%11%2%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-6%9%9%2%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%10%12%14%18%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.740.590.640.650.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.534.243.394.533.032.60
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.533.152.002.921.981.68
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.093.843.163.396.886.08
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.260.320.290.150.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.072.824.102.905.185.98
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%10%11%8%6%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%3%2%2%1%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%122%151%142%144%142%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$953,486$1,379,841$581,293$808,487$984,255
Receivables, inventories, prepaids$753,720$1,201,720$555,935$478,514$526,819
Short-term investments$1,023,923$1,087,161$1,273,655$1,926,942$2,280,418
Other current assets$0$0$0$0$0
Total current assets$2,731,129$3,668,722$2,410,883$3,213,943$3,791,492
Long-term investments$471,666$492,659$502,644$470,893$488,829
Fixed assets$7,381,171$7,225,973$6,934,251$5,631,158$5,130,806
Other long-term assets$1,005,600$1,043,800$1,082,000$420,200$458,400
Total long-term assets$8,858,437$8,762,432$8,518,895$6,522,251$6,078,035
Total assets$11,589,566$12,431,154$10,929,778$9,736,194$9,869,527
 
Liabilities20182017201620152014
Payables and accrued expenses$379,816$439,681$655,611$302,774$527,966
Other current liabilities$331,265$722,425$55,331$164,361$95,758
Total current liabilities$711,081$1,162,106$710,942$467,135$623,724
Debt$400,000$200,000$200,000$131,752$250,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$400,000$200,000$200,000$131,752$250,000
Total liabilities$1,111,081$1,362,106$910,942$598,887$873,724
 
Net assets20182017201620152014
Unrestricted$7,871,050$8,505,784$7,457,456$8,635,504$8,482,896
Temporarily restricted$2,163,741$2,119,570$2,117,686$58,109$69,213
Permanently restricted$443,694$443,694$443,694$443,694$443,694
Net assets$10,478,485$11,069,048$10,018,836$9,137,307$8,995,803
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$3,573,700$3,482,852$3,834,566$1,990,862$2,365,018
Program service revenue$4,131,641$4,355,495$4,242,123$4,136,400$3,907,601
Membership dues$0$0$0$0$0
Investment income($65,411)$175,747$104,821($22,260)$114,038
Other revenue$368,719$370,644($254,776)$395,312$465,789
Total other revenue$4,434,949$4,901,886$4,092,168$4,509,452$4,487,428
Total revenue$8,008,649$8,384,738$7,926,734$6,500,314$6,852,446
 
Expenses20182017201620152014
Program services$6,897,974$6,123,109$6,028,003$5,282,546$4,923,544
Management and general$929,225$767,915$834,948$896,522$1,161,347
Fundraising$772,013$443,502$182,254$179,742$270,442
Total expenses$8,599,212$7,334,526$7,045,205$6,358,810$6,355,333
 
Change in net assets20182017201620152014
Surplus (deficit)($590,563)$1,050,212$881,529$141,504$497,113
Other changes in net assets$0$0$0$0$0
Total change in net assets($590,563)$1,050,212$881,529$141,504$497,113

Response from ministry

No response has been provided by this ministry.


History

An alarming number of Christians stumble while in college, and around half will renounce their faith because they simply do not have a defense for what they believe. Dr. David Noebel, founder and former president of Summit Ministries, almost joined those statistics while he was a philosophy student at the University of Wisconsin in Madison. Dr. Noebel founded Summit in 1962 to help ground Christians in their faith, thereby enabling them to face the barrage of challenges on college campuses.

The home of Summit Ministries is a turn-of- the-century hotel (formerly known as The Grandview), luxurious by early 20th century standards. Around this hotel, Summit has built its home in a complex of buildings located in Manitou Springs, CO at the foot of Pike's Peak.

From 1962 until 1988, Summit was a small series of camp-style conferences, hosting an average of 350 students each year. After sending his own son Ryan through our program, Dr. James Dobson featured Summit on the Focus on the Family radio program in 1989, which quickly grew Summit's attendance exponentially. Today, with its world-renowned Faculty and under the direction of President Dr. Jeff Myers, Summit is viewed as one of the foremost leaders in training Christians in apologetics, worldview analysis, and social engagement.


Program accomplishments

  • Summit hosts ten two-week Student Conferences every summer at three locations including their headquarters in Manitou Springs, CO, Union University in Jackson, TN, and Lancaster Bible College in Lancaster, PA. Other programs include Basecamp Conferences for parents, youth pastors, pastors, and educators and Summit Semester, a gap year program for college students. Currently, about 2,000 students attend a Summit program each year. Since our inception, Summit has trained more than 60,000 young leaders through our summer conferences.
  • In 1991, the Publishing Department of Summit launched a year-long program named Understanding the Times for Christian High School students with the goal to teach Christians how to analyze competing worldviews and to defend their faith. That curriculum has since been expanded to include a complete line of K-12 Bible curriculum for Christian schools and homeschool families. Each year our curriculum is taught to more than 35,000 students in classrooms around the world. Summit's digital content is seen by more than a million people each year via video, podcasts, and articles. In 2015, Summit's resources grew to include church and individual materials, including the first church and small group curriculum from Summit, The Secret Battle of Ideas about God.

Needs