Civic Intelligence

Summit Foundation

990PF • Fiscal year 2019 • EIN 13-3805672

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 15, 2020

Organization Profile
750 THIRD AVENUE Suite 11TH FLNew York, NY 10017

(631) 414-4000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • $500k-$1M nonprofits • Source year 2019

Net Margin

5th percentile

-131%

Higher net margin than 5% of similar nonprofits.

2019 filings • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$893,175

Down $1,387,227 (-61%) from 2015

Net Assets

$893,175

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin5th percentile

Revenue

Down

$172,963

Down $1,128,257 (-87%) from 2015

Expenses

Down

$400,251

Down $242,864 (-38%) from 2015

Net Income

Down

-$227,288

Down $885,393 (-135%) from 2015

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $921,518Liabilities 2011: $02011Assets 2012: $767,108Liabilities 2012: $02012Assets 2013: $1,959,911Liabilities 2013: $02013Assets 2015: $2,280,402Liabilities 2015: $02015Assets 2019: $893,175Liabilities 2019: $0Net Assets 2019: $893,1752019Assets 2020: $718,514Liabilities 2020: $0Net Assets 2020: $718,5142020Assets 2021: $408,215Liabilities 2021: $0Net Assets 2021: $408,2152021Assets 2022: $292,772Liabilities 2022: $0Net Assets 2022: $292,7722022Assets 2023: $333,092Liabilities 2023: $0Net Assets 2023: $333,0922023Assets 2024: $91,988Liabilities 2024: $0Net Assets 2024: $91,9882024

Highlighted filing

2019

Assets$893,175
Liabilities$0
Net Assets$893,175
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $818,389Expenses 2011: $200,826Net Income 2011: $617,5632011Revenue 2012: $781,824Expenses 2012: $636,772Net Income 2012: $145,0522012Revenue 2013: $1,789,594Expenses 2013: $398,103Net Income 2013: $1,391,4912013Revenue 2015: $1,301,220Expenses 2015: $643,115Net Income 2015: $658,1052015Revenue 2019: $172,963Expenses 2019: $400,251Net Income 2019: -$227,2882019Revenue 2020: $327,181Expenses 2020: $488,767Net Income 2020: -$161,5862020Revenue 2021: $157,852Expenses 2021: $468,151Net Income 2021: -$310,2992021Revenue 2022: $812,217Expenses 2022: $561,903Net Income 2022: $250,3142022Revenue 2023: $640,675Expenses 2023: $600,355Net Income 2023: $40,3202023Revenue 2024: $4,806Expenses 2024: $441,461Net Income 2024: -$436,6552024

Highlighted filing

2019

Revenue$172,963
Expenses$400,251
Net Income-$227,288
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 15, 2020
Return Version
2018v3.3
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CODY J SMITHTrusteePT$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantSTATEMENT A ATTACHEDSEE STATEMENT APCSEE STATEMENT A, NY, US$396,500
Filing and Contact Details

Filer

Filer Name
Summit Foundation
EIN
13-3805672
In Care Of
% MARCUM LLP
Phone
6314144000
Address
750 THIRD AVENUE Suite 11TH FL, NEW YORK, NY 10017

Signing Officer

Name
Cody J Smith
Title
Trustee
Phone
6314144000
Signed
2020-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Marcum Llp
Address
750 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Rorrie Gregorio
Phone
2124855500
Raw XML Appendix329 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0REVENUE CODE SECTION 501(C)(3).
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IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0CODY J SMITH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0396500
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0SEE STATEMENT A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0STATEMENT A ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0SEE STATEMENT A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0SEE STATEMENT A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd011747
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm0NONE
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0396500
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0110198
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0110198
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt0324194
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0500309
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt0380581
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt0322936
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt0164381
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt0164381
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt01814732
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0286712
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0324194
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0500309
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0380581
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0322936
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02016
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02015
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02014
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0396910
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0286712
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt01979113
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt01692401
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0DISTRIBUTION RECEIVABLE
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt013076
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt013076
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0NYS FILING FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1NYS PUBLICATION COSTS
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0250
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1160
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0250
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1160
OtherIncomeSchedule2/OtherIncomeDetail/Desc0ORDINARY INCOME: ARCADIA AVIATION INV II
OtherIncomeSchedule2/OtherIncomeDetail/Desc1NET RENTAL INCOME: PASS THRU AAI
OtherIncomeSchedule2/OtherIncomeDetail/Desc2section 1231: PASS THRU AAI
OtherIncomeSchedule2/OtherIncomeDetail/Desc3FEDERAL UBT REFUND
TaxesSchedule/TaxesDetail/Amt03091
TaxesSchedule/TaxesDetail/Amt1250
TaxesSchedule/TaxesDetail/CategoryTxt0FOREIGN TAX PAID
TaxesSchedule/TaxesDetail/CategoryTxt1NYS INCOME TAXES
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt03091
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CODY J SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum06314144000
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O MARCUM LLP
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0133805672
ReturnHeader/Filer/InCareOfNm0% MARCUM LLP
ReturnHeader/Filer/PhoneNum06314144000
ReturnHeader/Filer/USAddress/AddressLine1Txt0750 THIRD AVENUE Suite 11TH FL
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 THIRD AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02124855500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RORRIE GREGORIO
ReturnHeader/ReturnTs02020-08-12T14:57:09-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$893,175
Liabilities
$0
Net assets
$893,175
Revenue
$172,963
Expenses
$400,251
Net income
-$227,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.00$0.44$0.44
2023Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.64$0.60$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.81$0.56$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.16$0.47$0.31
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.33$0.49$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.17$0.40$0.23
2015Summary only. Only limited summary data is available for this year.$2.28$0.00$1.30$0.64$0.66
2013Summary only. Only limited summary data is available for this year.$1.96$0.00$1.79$0.40$1.39
2012Summary only. Only limited summary data is available for this year.$0.77$0.00$0.78$0.64$0.15
2011Summary only. Only limited summary data is available for this year.$0.92$0.00$0.82$0.20$0.62