Friends of the Summit Logo

MIP Score

53

Societal Benefit
Communications Services

Friends of the Summit

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

Address

309 Woolf Ave, Akron, Ohio, 44312

View all Akron charities

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.

At a Glance

Community Commitment

Community Commitment

Friends of The Summit engage with regional businesses and organizations to foster community partnerships.

Musical Education Programs

Musical Education Programs

Summit Next connects students with radio broadcasting, enhancing their learning and engagement.

Volunteer Opportunities

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

Summit Next

A program collaborating with students in public schools in a structured, project-based learning environment.

Learn More

Volunteer Opportunities

Volunteer Opportunities

Volunteer Opportunities

Join Friends of The Summit to engage with the community and support local media initiatives.

Learn More

MIP 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

CategoryAmountPercentage
Contributions, Gifts, and Grants62.12K43.87%
Program Services73.44K51.88%
Investment Income6.017K4.25%
Sales of Non-Inventory Assets00.00%
Other Notable Sources00.00%
Total Revenue141.6K100.00%