Mission
Friends of The Summit is a nonprofit organization dedicated to supporting The Summit FM, a public radio station serving Northeast Ohio. The organization focuses on enhancing financial support, promoting community engagement, and ensuring the station's long-term viability through fundraising activities and partnerships.
Basic Information
Tax-Exempt
Founded in
2008
EIN
26-4312124
Total Assets
$495.7 thousand
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 3 goals
At a Glance
Community Commitment
Friends of The Summit engage with regional businesses and organizations to foster community partnerships.
Musical Education Programs
Summit Next connects students with radio broadcasting, enhancing their learning and engagement.
Volunteer Opportunities
Join our mission through various volunteer activities and help support local radio.
Impact Stats
$25,000
Amount Held in Fund
Establishment of an Endowment Fund
An endowment fund has been established to ensure sustainable future funding for The Summit FM.
600
Number of Instruments Donated
Instrument Donations
The Summit FM donated the 600th musical instrument to local public school students.
13
Years of Independence
Financial Independence
Celebrating 13 years of financial independence from Akron Public Schools.
Our Programs
Summit Next
A program collaborating with students in public schools in a structured, project-based learning environment.
Learn MoreVolunteer Opportunities
Volunteer Opportunities
Join Friends of The Summit to engage with the community and support local media initiatives.
Learn MoreMIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
53
42
/100
Program Expense Ratio
23.82%
2
/20
Program Revenue Growth
-17.36%
2
/20
Leverage Ratio
0.01488
20
/20
Working Capital Ratio
3.239
16
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 62.12K | 43.87% |
| Program Services | 73.44K | 51.88% |
| Investment Income | 6.017K | 4.25% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 141.6K | 100.00% |
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