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Nonprofit · EIN 27-2978700

SUMMIT54

Tax-exempt · ASPEN, CO 81611

Financials

$1.1M$922K2023$925K$957K2024$982K$953K2025
Revenue Expenses · by fiscal year end
Financials of SUMMIT54 by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$982,106$953,385$28,721$1,552,632$0$1,552,632
December 31, 2024990$925,310$956,579-$31,269$1,524,071$160$1,523,911
December 31, 2023990$1,060,177$922,379$137,798$1,556,830$1,650$1,555,180
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$960,812
of which government grants
$160,450
Program service revenue
$0
Investment income
$21,294
Other revenue
$0

Expenses

Grants and similar amounts paid
$737,550
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$33,875
Program services (functional)
$901,379
Management and general (functional)
$52,006

Balance sheet and other

Total assets, start of year
$1,524,071
Total assets, end of year
$1,552,632
Total liabilities, end of year
$0
Net assets, end of year
$1,552,632
Net assets without donor restrictions
$1,552,632
Gross receipts
$982,106
Employees
0
Volunteers
100
Year formed
2010

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
TERRI CAINECHAIR
Trustee or director, Officer
30$0
RICHARD VOSSLERTREASURER
Trustee or director, Officer
2$0
RON OLSENSECRETARY
Trustee or director, Officer
2$0
GRETCHEN COLEDIRECTOR
Trustee or director
2$0
ROMINA CHISSUM LAGOSDIRECTOR
Trustee or director
2$0
ESTELA LOPEZ GUDINODIRECTOR
Trustee or director
2$0
SOLEDAD HURSTDIRECTOR
Trustee or director
2$0
MICHAEL SOLONDZDIRECTOR
Trustee or director
2$0
LEX TARUMIANZDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
TERRI CAINECHAIR
Trustee or director, Officer
30$0
FRED LODGEVICE PRESIDE
Trustee or director, Officer
2$0
RICHARD VOSSLERTREASURER
Trustee or director, Officer
2$0
RON OLSENSECRETARY
Trustee or director, Officer
2$0
ROMINA CHISSUM LAGOSDIRECTOR
Trustee or director
2$0
GRETCHEN COLEDIRECTOR
Trustee or director
2$0
SOLEDAD HURSTDIRECTOR
Trustee or director
2$0
ESTELA LOPEZ GUDINODIRECTOR
Trustee or director
2$0
MICHAEL SOLONDZDIRECTOR
Trustee or director
2$0
AMY LEDERMAN VERSHLEISERDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
TERRI CAINECHAIR
Trustee or director, Officer
30$0
FRED LODGEVICE PRESIDE
Trustee or director, Officer
2$0
RICHARD VOSSLERTREASURER
Trustee or director, Officer
2$0
RON OLSENSECRETARY
Trustee or director, Officer
2$0
ROMINA CHISSUM LAGOSDIRECTOR
Trustee or director
2$0
GRETCHEN COLEDIRECTOR
Trustee or director
2$0
SOLEDAD HURSTDIRECTOR
Trustee or director
2$0
ESTELA LOPEZ GUDINODIRECTOR
Trustee or director
2$0
MICHAEL SOLONDZDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
625 E MAIN ST UNIT 102B PMB 115, ASPEN, CO 81611-2154
In care of
% DE ANN GARRISON
Principal officer (990 for 2025)
TERRI CAINE, 60 WILDWOOD LANE, ASPEN, CO 81611
Signed the 990
TERRI CAINE, CHAIR
Phone
(720) 320-0198
Return prepared by
TAYLOR ROTH AND COMPANY

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE COLORADO'S ECONOMY AND SOCIETY THROUGH EFFECTIVE, EFFICIENT, AND ACCOUNTABLE INVESTMENTS IN EDUCATION.

990 for the year ended December 31, 2025

Program accomplishments

  • SUMMER ADVANTAGE USA: SUMMIT54 CONTINUED ITS PARTNERSHIP WITH SUMMER ADVANTAGE USA TO COMBAT SUMMER LEARNING LOSS. THROUGH A 5-WEEK SUMMER PROGRAM INCLUDING RIGOROUS ACADEMIC INSTRUCTION, PHYSICAL FITNESS, ENRICHMENT PROGRAMS, AND EXTRA-CURRICULAR ACTIVITIES, STUDENTS GAIN AN AVERAGE OF 2.5 MONTHS IN BOTH MATH AND READING SKILLS. THIS UNIQUE, FREE PROGRAM - BASED ON EXTENSIVE NATIONAL RESEARCH - ALLOWS STUDENTS TO RAISE THEIR ACHIEVEMENT, BECOME HEALTHIER AND MORE PHYSICALLY FIT, IMPROVE THEIR SELF-ESTEEM, AND RETURN TO SCHOOL BETTER PREPARED TO SUCCEED ACADEMICALLY, WITH STRONGER MINDS AND BODIES. SUMMIT54'S SUMMER ADVANTAGE PROGRAM SERVES 550 STUDENTS ANNUALLY.
    Expenses $766,770 · grants $737,550
  • IN 2020, THE ORGANIZATION CREATED A NEW OUTDOOR TUTORING MODEL ENABLING SMALL GROUPS OF ELEMENTARY STUDENTS TO ENHANCE THEIR ACADEMIC LEARNING DURING SCHOOL CLOSURES DUE TO THE COVID-19 PANDEMIC. TODAY, IN PARTNERSHIP WITH ROARING FORK SCHOOL DISTRICT, SUMMIT54 PROVIDES FREE IN-CLASS TUTORING THROUGHOUT THE SCHOOL YEAR TO HUNDREDS OF STUDENTS ANNUALLY. STUDENTS ARE SELECTED BASED ON NEED AND MONITORED FOR ACADEMIC GROWTH THROUGH EXISTING MEASURES.
    Expenses $134,609

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2978700
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25)
Assets (IRS master file)
$1,552,632
Income (IRS master file)
$982,106

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$982,106$953,385$1,552,632IRS
990December 2024$925,310$956,579$1,524,071IRS
990December 2023$1,060,177$922,379$1,556,830XML
990December 2022$680,569$966,733$1,417,382IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 27-2978700).

Questions about SUMMIT54

What is the EIN of SUMMIT54?
The employer identification number (EIN) of SUMMIT54 is 27-2978700.
Is SUMMIT54 tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to SUMMIT54 tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SUMMIT54 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 SUMMIT54 due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SUMMIT54 last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of SUMMIT54?
The 990 for the year ended December 31, 2025 names TERRI CAINE.
Who are the officers and directors of SUMMIT54?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does SUMMIT54 have?
On its 990 for the year ended December 31, 2025 it reported revenue of $982,106, expenses of $953,385 and total assets of $1,552,632 at year end.

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