Nonprofit · EIN 23-7004562
SUMMIT LAKE BIBLE CONFERENCE INC
Tax-exempt · WAKE FOREST, NC 27587
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,162,411 | $576,454 | $585,957 | $934,784 | $1,449 | $933,335 |
| December 31, 2023 | 990 | $515,827 | $700,277 | -$184,450 | $842,004 | $494,626 | $347,378 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,910
- Program service revenue
- $1,142,501
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $102,996
- Other salaries and wages
- $91,250
- Salaries, compensation and benefits (total)
- $209,106
- Professional fundraising fees
- $0
- Legal fees
- $19,040
- Accounting fees
- $10,692
- Occupancy
- $62,064
- Depreciation
- $30,962
- Program services (functional)
- $449,087
- Management and general (functional)
- $127,367
Balance sheet and other
- Total assets, start of year
- $842,004
- Total assets, end of year
- $934,784
- Total liabilities, end of year
- $1,449
- Net assets, end of year
- $933,335
- Net assets without donor restrictions
- $933,335
- Gross receipts
- $1,162,411
- Employees
- 14
- Year formed
- 1969
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN COLEY | PRESIDENT/TR Trustee or director, Officer | 40 | $50,731 |
| CAITLIN AYSCUE | DIRECTOR Trustee or director | 40 | $30,415 |
| JIM HOLLER | DIRECTOR Trustee or director | 20 | $21,850 |
| KENNETH COLEY | SECRETARY Trustee or director, Officer | 2.31 | $0 |
| SCOTT COLEY | DIRECTOR Trustee or director | 0.2 | $0 |
| TIM MILLER | DIRECTOR Trustee or director | 0.2 | $0 |
| MATT OLSEN | DIRECTOR Trustee or director | 0.2 | $0 |
| JOE VISY | VP Trustee or director, Officer | 0.2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM HOLLER | DIRECTOR Trustee or director | 40 | $59,700 |
| KATHLEEN COLEY | PRESIDENT/TR Trustee or director, Officer | 40 | $48,860 |
| CAITLIN AYSCUE | DIRECTOR Trustee or director | 30 | $29,200 |
| KENNETH COLEY | SECRETARY Trustee or director, Officer | 2.31 | $0 |
| SCOTT COLEY | DIRECTOR Trustee or director | 0.2 | $0 |
| TIM MILLER | DIRECTOR Trustee or director | 0.2 | $0 |
| MATT OLSEN | DIRECTOR Trustee or director | 0.2 | $0 |
| JOE VISY | DIRECTOR Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 8006 HOGAN DR, WAKE FOREST, NC 27587-6661
- In care of
- % KATHY COLEY
- Principal officer (990 for 2024)
- KATHLEEN COLEY, 8006 HOGAN DRIVE, WAKE FOREST, NC 27587
- Signed the 990
- KATHLEEN COLEY, PRESIDENT/TREASURER
- Phone
- (888) 770-5338
- Website
- WWW.SUMMITLAKE.ORG
- Return prepared by
- JIL ENTERPRISES PA
Mission
ORGANIZED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES TO PROVIDE CHRISTIAN ENCAMPMENT AND BIBLE RETREATS TO BENEFIT THE YOUTH OF THE COMMUNITY IN GENERAL AND EDUCATE ADULTS
Program accomplishments
- BIBLE RETREATS AND SUMMER CAMPS; YEAR ROUND CHRISTIAN RETREATS OPEN FOR THE BENEFIT OF ALL DENOMINATIONS, CHURCHES, AND PUBLIC AND PRIVATE SCHOOLS.Expenses $449,087
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7004562
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20Z)
- Assets (IRS master file)
- $934,784
- Income (IRS master file)
- $1,162,411
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,162,411 | $576,454 | $934,784 | XML |
| 990 | December 2023 | $515,827 | $700,277 | $842,004 | XML |
| 990 | December 2022 | $525,037 | $4,192,994 | $913,299 | IRS |
| 990 | December 2021 | $296,673 | $651,458 | $4,808,097 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7004562).
Questions about SUMMIT LAKE BIBLE CONFERENCE INC
- What is the EIN of SUMMIT LAKE BIBLE CONFERENCE INC?
- The employer identification number (EIN) of SUMMIT LAKE BIBLE CONFERENCE INC is 23-7004562.
- Is SUMMIT LAKE BIBLE CONFERENCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to SUMMIT LAKE BIBLE CONFERENCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUMMIT LAKE BIBLE CONFERENCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SUMMIT LAKE BIBLE CONFERENCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUMMIT LAKE BIBLE CONFERENCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SUMMIT LAKE BIBLE CONFERENCE INC?
- The 990 for the year ended December 31, 2024 names KATHLEEN COLEY.
- Who are the officers and directors of SUMMIT LAKE BIBLE CONFERENCE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $50,731 (KATHLEEN COLEY, PRESIDENT/TR).
- How much revenue does SUMMIT LAKE BIBLE CONFERENCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,162,411, expenses of $576,454 and total assets of $934,784 at year end.
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