Nonprofit · EIN 73-0762818
SUMMIT CORP
Tax-exempt · TULSA, OK 74119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,278,577 | $8,894,473 | -$615,896 | $14,937,717 | $15,307,540 | -$369,823 |
| December 31, 2023 | 990 | $7,354,493 | $8,251,039 | -$896,546 | $16,026,605 | $15,796,014 | $230,591 |
| December 31, 2021 | 990 | $5,233,596 | $5,761,648 | -$528,052 | $9,411,261 | $7,630,175 | $1,781,086 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,083,899
- Investment income
- $59,607
- Net rental income
- $2,442
- Net gain from sales of assets
- -$9,416
- Net income from sales of inventory
- $4,132,629
- Other revenue
- $4,135,071
Expenses
- Grants and similar amounts paid
- $10,354
- Compensation of officers, directors and key employees
- $645,331
- Other salaries and wages
- $3,765,395
- Salaries, compensation and benefits (total)
- $5,346,243
- Professional fundraising fees
- $0
- Accounting fees
- $23,250
- Occupancy
- $1,004,245
- Depreciation
- $794,802
Balance sheet and other
- Total assets, start of year
- $16,026,605
- Total assets, end of year
- $14,937,717
- Total liabilities, end of year
- $15,307,540
- Net assets, end of year
- -$369,823
- Land, buildings and equipment
- $4,679,189
- Publicly traded securities
- $1,391,348
- Net assets without donor restrictions
- -$369,823
- Gross unrelated business income
- $954,222
- Gross receipts
- $9,939,159
- Employees
- 162
- Volunteers
- 19
- Year formed
- 1967
- State of legal domicile
- OK
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 | Other / benefits |
|---|---|---|---|---|
| R Jared Jordan | CEO Officer | 40 | $243,404 | $151,357 |
| William Lyle | Executive Chef Key employee | 40 | $200,793 | $48,985 |
| Derrick Shanklin | General Manager Highest-paid employee | 40 | $120,297 | $18,241 |
| April Stanton | Controller Highest-paid employee | 40 | $107,834 | $19,681 |
| Hillary Sutton-President thru | Mar Ex-Officio as of Apr 2024 Trustee or director, Officer | 2 | $0 | $0 |
| Anne Adams-1st VP thru Mar | President as of Apr 2024 Trustee or director, Officer | 2 | $0 | $0 |
| Mark Phillips-2nd VP thru | Mar 1st VP as of Apr 2024 Trustee or director, Officer | 2 | $0 | $0 |
| Jeromie Tucker-Treasurer until | Mar 2nd VP as of Apr 2024 Trustee or director, Officer | 2 | $0 | $0 |
| Mary Beth Nesser-Secretary | until Mar Treasurer as of Apr 24 Trustee or director, Officer | 2 | $0 | $0 |
| Bruce Roach-Director until | Mar Secretary as of Apr 2024 Trustee or director, Officer | 2 | $0 | $0 |
| Marc Maun | Ex-Officio until Apr 2024 Trustee or director | 2 | $0 | $0 |
| Siegmund Brown | Director Trustee or director | 1 | $0 | $0 |
| Russ Farthing | Director until Apr 2024 Trustee or director | 1 | $0 | $0 |
| Jacqueline Price | Director Trustee or director | 1 | $0 | $0 |
| Gregory Oliphant | Director Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Oonk | Director Trustee or director | 1 | $0 |
| Russ Peevy | Director until Apr 2024 Trustee or director | 1 | $0 |
| Heather Duncan | Director Trustee or director | 1 | $0 |
| Amy Brown | Director Trustee or director | 1 | $0 |
| Bob Bush | Director Trustee or director | 1 | $0 |
| Carrie Williams | Director as of Apr 2024 Trustee or director | 1 | $0 |
| Timberly Harding | Director as of Apr 2024 Trustee or director | 1 | $0 |
| George Shaffer | Director as of Apr 2024 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| R Jared Jordan | CEO Officer | 40 | $228,756 | $23,841 |
| William Lyle | Executive Chef Key employee | 40 | $163,177 | $47,588 |
| Hillary Sutton-1st VP thru | Mar President as of Apr 2023 Trustee or director, Officer | 2 | $0 | $0 |
| Anne Adams-2nd VP thru Mar | 1st VP as of Apr 2023 Trustee or director, Officer | 2 | $0 | $0 |
| Mark Phillips-Treasurer thru | Mar 2nd VP as of Apr 2023 Trustee or director, Officer | 2 | $0 | $0 |
| Jeromie Tucker-Secr until Mar | Treasurer as of Apr 2023 Trustee or director, Officer | 2 | $0 | $0 |
| Mary Beth Nesser | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Marc Maun-Pres thru Mar | Ex-Officio as of Apr 2023 Trustee or director, Officer | 2 | $0 | $0 |
| Siegmund Brown | Director Trustee or director | 1 | $0 | $0 |
| Russ Farthing | Director Trustee or director | 1 | $0 | $0 |
| Stuart Hawley | Director until Apr 2023 Trustee or director | 1 | $0 | $0 |
| Jacqueline Price | Director Trustee or director | 1 | $0 | $0 |
| Gregory Oliphant | Director Trustee or director | 1 | $0 | $0 |
| Michael Oonk | Director Trustee or director | 1 | $0 | $0 |
| Russ Peevy | Director Trustee or director | 1 | $0 | $0 |
| Bruce Roach | Director Trustee or director | 1 | $0 | $0 |
| Heather Duncan | Director Trustee or director | 1 | $0 | $0 |
| Amy Brown | Director as of Apr 2023 Trustee or director | 1 | $0 | $0 |
| Bob Bush | Director as of Apr 2023 Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2021: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| R Jared Jordan | CEO Officer | 40 | $177,396 | $114,178 |
| William Lyle | Executive Chef Highest-paid employee | 40 | $155,028 | $20,759 |
| R Scott Vaughn | Ex-Officio Trustee or director, Officer | 2 | $0 | $0 |
| Kevan Buck | President Trustee or director, Officer | 2 | $0 | $0 |
| Marc Maun | 1st Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Hillary Sutton | 2nd Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Byron Bighorse | Treasurer (until September 2021) Trustee or director, Officer | 2 | $0 | $0 |
| T Carley Williams | Ex-Officio (until April 2021) Trustee or director, Officer | 2 | $0 | $0 |
| Mark Phillips | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Anne Adams | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Russ Farthing | Director Trustee or director | 1 | $0 | $0 |
| Stuart Hawley | Director Trustee or director | 1 | $0 | $0 |
| Amy Fogleman Koontz | Director (until April 2021) Trustee or director | 1 | $0 | $0 |
| Gregory Oliphant | Director Trustee or director | 1 | $0 | $0 |
| Michael Oonk | Director Trustee or director | 1 | $0 | $0 |
| Siegmund Brown | Director Trustee or director | 1 | $0 | $0 |
| Keith Wilkes | Director Trustee or director | 1 | $0 | $0 |
| Jacqueline Price | Director Trustee or director | 1 | $0 | $0 |
| Mary Beth Nesser | Director (from April 2021) Trustee or director | 1 | $0 | $0 |
| Russ Peevy | Director (from April 2021) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 W 6TH ST STE 2000, TULSA, OK 74119-5414
- Principal officer (990 for 2024)
- Mark Phillips, 15 West 6th 2000, Tulsa, OK 741195426
- Signed the 990
- Mark Phillips, President
- Phone
- (918) 582-5243
- Website
- www.summittulsa.com
- Return prepared by
- Eide Bailly LLP
Mission
N/A
Program accomplishments
- The Summit is a noncommercial private dining club in Tulsa, Oklahoma and has the most breathtaking views overlooking the Tulsa skyline. The club is atop the Bank of America Building on the 30th, 31st and 32nd Floors. The majority of the revenue comes from food and beverage sales and dues and fees from members and non-members.
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
- 73-0762818
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,937,717
- Income (IRS master file)
- $9,939,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,278,577 | $8,894,473 | $14,937,717 | XML |
| 990 | December 2023 | $7,354,493 | $8,251,039 | $16,026,605 | XML |
| 990 | December 2022 | $7,146,294 | $7,820,175 | $18,798,853 | IRS |
| 990 | December 2021 | $5,233,596 | $5,761,648 | $9,411,261 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 73-0762818).
Questions about SUMMIT CORP
- What is the EIN of SUMMIT CORP?
- The employer identification number (EIN) of SUMMIT CORP is 73-0762818.
- Is SUMMIT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1967.
- Are donations to SUMMIT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SUMMIT CORP 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 CORP 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 CORP 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 CORP?
- The 990 for the year ended December 31, 2024 names Mark Phillips.
- Who are the officers and directors of SUMMIT CORP?
- The 990 for the year ended December 31, 2024 lists 23 people; 4 received compensation from the organization, the highest $243,404 (R Jared Jordan, CEO).
- How much revenue does SUMMIT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,278,577, expenses of $8,894,473 and total assets of $14,937,717 at year end.
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