Civic Intelligence

Summit Foundation Inc.

990 • Fiscal year 2012 • EIN 16-1418703

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 19, 2013

Organization ProfileN/A
150 Stahl Road14068
Siviq Scores

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

Liabilities / Assets

88th percentile

0.01x

Higher debt load relative to assets than 88% of similar nonprofits.

2012 filings • NTEE T • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

36th percentile

-5.5%

Faster asset growth than 36% of similar nonprofits.

2012 filings • NTEE T • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$245,203

Down $14,321 (-5.5%) from 2011

Net Assets

Down

$242,343

Down $15,921 (-6.2%) from 2011

Liabilities

Up

$2,860

Up $1,600 (+127%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$11,943

Down $2,349 (-16%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $284,136Liabilities 2010: $72,179Net Assets 2010: $211,9572010Assets 2011: $259,524Liabilities 2011: $1,260Net Assets 2011: $258,2642011Assets 2012: $245,203Liabilities 2012: $2,860Net Assets 2012: $242,3432012Assets 2013: $333,900Liabilities 2013: $6,292Net Assets 2013: $327,6082013Assets 2014: $411,933Liabilities 2014: $7,836Net Assets 2014: $404,0972014Assets 2015: $448,639Liabilities 2015: $4,347Net Assets 2015: $444,2922015Assets 2016: $801,997Liabilities 2016: $54,074Net Assets 2016: $747,9232016Assets 2017: $1,302,922Liabilities 2017: $22,928Net Assets 2017: $1,279,9942017Assets 2018: $833,980Liabilities 2018: $100,080Net Assets 2018: $733,9002018Assets 2019: $1,352,226Liabilities 2019: $21,968Net Assets 2019: $1,330,2582019Assets 2020: $2,637,088Liabilities 2020: $2,350Net Assets 2020: $2,634,7382020Assets 2021: $2,818,284Liabilities 2021: $331,470Net Assets 2021: $2,486,8142021Assets 2022: $1,308,590Liabilities 2022: $97,583Net Assets 2022: $1,211,0072022Assets 2023: $1,427,693Liabilities 2023: $137,283Net Assets 2023: $1,290,4102023Assets 2024: $1,622,292Liabilities 2024: $129,523Net Assets 2024: $1,492,7692024

Highlighted filing

2012

Assets$245,203
Liabilities$2,860
Net Assets$242,343
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2010: -$355Expenses 2010: $12,560Net Income 2010: -$12,9152010Revenue 2011: $17,198Expenses 2011: $14,292Net Income 2011: $2,9062011Expenses 2012: $11,9432012Revenue 2013: $90,529Expenses 2013: $14,320Net Income 2013: $76,2092013Revenue 2014: $104,613Expenses 2014: $61,446Net Income 2014: $43,1672014Revenue 2015: $60,585Expenses 2015: $17,497Net Income 2015: $43,0882015Revenue 2016: $442,684Expenses 2016: $130,120Net Income 2016: $312,5642016Revenue 2017: $642,215Expenses 2017: $134,287Net Income 2017: $507,9282017Revenue 2018: $447,741Expenses 2018: $1,009,479Net Income 2018: -$561,7382018Revenue 2019: $797,939Expenses 2019: $196,365Net Income 2019: $601,5742019Revenue 2020: $1,696,188Expenses 2020: $411,269Net Income 2020: $1,284,9192020Revenue 2021: $325,006Expenses 2021: $691,008Net Income 2021: -$366,0022021Revenue 2022: $48,121Expenses 2022: $1,129,628Net Income 2022: -$1,081,5072022Revenue 2023: $241,691Expenses 2023: $241,242Net Income 2023: $4492023Revenue 2024: $281,975Expenses 2024: $192,237Net Income 2024: $89,7382024

Highlighted filing

2012

Revenue-
Expenses$11,943
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 19, 2013
Return Version
2011v1.5
Gross Receipts
$236,300
Mission and Program Overview

Mission

To provide support services primarily to the summit center, inc., as well as to support other organizations operated exclusively for charitable, scientific, literary or educational purposes.

Filing and Contact Details

Filer

EIN
16-1418703
Raw XML AppendixShowing 400 of 429 raw XML fields

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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0STEPHEN R. ANDERSON IN HIS CAPACITY AS A CONSULTANT IS RESPONSIBLE FOR MANAGING THE ADMINISTRATIVE ACTIVITIES OF SUMMIT FOUNDATION. HIS COMPENSATION IS SUPPORTED BY A SEPARATE CONSULTING AGREEMENT APPROVED BY THE BOARD OF DIRECTORS. STEPHEN R. ANDERSON IS ALSO THE CEO OF SUMMIT EDUCATIONAL RESOURCES, INC., A SUPPORTED ORGANIZATION UNDER SECTION 509(A)(3) OF THE CODE.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation1SUMMIT FOUNDATION DOES NOT HAVE ITS OWN FORMALIZED WHISTLEBLOWER POLICY. HOWEVER, SUMMIT FOUNDATION DOES NOT HAVE ANY EMPLOYEES AND THEREFORE THE WHISTLEBLOWER POLICY OF SUMMIT EDUCATIONAL RESOURCES, INC., THE SUPPORTED ORGANIZATION IS FOLLOWED.
IRS990ScheduleO/GeneralExplanation/Explanation2SUMMIT FOUNDATION DOES NOT HAVE ITS OWN DOCUMENT DESTRUCTION POLICY. ALL RECORDS ARE MAINTAINED BY THE PERSONNEL OF SUMMIT EDUCATIONAL RESOURCES, INC., THE SUPPORTED ORGANIZATION, AND THEREFORE THE DOCUMENT DESTRUCTION POLICY OF SUMMIT EDUCATIONAL RESOURCES, INC. IS FOLLOWED.
IRS990ScheduleO/GeneralExplanation/Explanation3SUMMIT FOUNDATION FALLS UNDER THE CONFLICT OF INTEREST POLICIES OF SUMMIT EDUCATIONAL RESOURCES, INC AS FOLLOWS: POLICY: MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY PERSONAL OR PROFESSIONAL RELATIONSHIPS WHICH MAY REPRESENT A POTENTIAL OR ACTUAL CONFLICT WITH THE INTERESTS OF THE AGENCY, AS WELL AS CIRCUMSTANCES WHICH MAY GIVE THE APPEARANCE OF SUCH. IN ADDITION, IT IS EXPECTED THAT BOARD MEMBERS WILL RECUSE THEMSELVES FROM DELIBERATION AND DECISION-MAKING INVOLVING ACTIVITIES WHEREIN SUCH A CONFLICT EXISTS. MEMBERS OF THE BOARD OF DIRECTORS MUST ALSO ACKNOWLEDGE AS PROPRIETARY ANY CONFIDENTIAL INFORMATION OR DOCUMENTS THEY MAY BE FURNISHED AND AGREE TO MAINTAIN AND REASONABLY SAFEGUARD CONFIDENTIALITY UNTIL SUCH TIME AS SAID INFORMATION OR DOCUMENTS MAY ENTER THE PUBLIC DOMAIN. IN ADDITION, MEMBERS OF THE BOARD ARE PROHIBITED FROM USING SUCH INFORMATION OR DOCUMENTS FOR ANY PURPOSE OTHER THAN THAT WHICH IS INTENDED AND NEVER FOR PERSONAL GAIN. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT TO REPLACE ANY APPLICABLE NEW YORK STATE LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NON-PROFIT AND CHARITABLE INSTITUTIONS. PURPOSE OF POLICY: THE PURPOSE OF THIS POLICY IS TO ENSURE THAT MEMBERS OF THE BOARD OF DIRECTORS AVOID CONFLICTS OF INTEREST BETWEEN THEIR PERSONAL OR PROFESSIONAL RELATIONSHIPS AND THEIR RESPONSIBILITIES AS BOARD MEMBERS. IT IS ALSO INTENDED TO ENSURE CONFIDENTIALITY OF INFORMATION AND DOCUMENTS PROVIDED TO BOARD MEMBERS. THE PROCEDURE PROVIDES DISCLOSURE REGARDING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY AND AT ANY TIME SUCH A CONFLICT MAY ARISE AS WELL AS ANNUAL AFFIRMATION OF CONFIDENTIALITY REQUIREMENTS. SCOPE OF POLICY: THIS POLICY AND PROCEDURE APPLIES TO MEMBERS OF THE SUMMIT EDUCATIONAL RESOURCES, INC. BOARD OF DIRECTORS AND THE SUMMIT FOUNDATION, INC. BOARD OF DIRECTORS. TIMELINESS OF PROCEDURE: THIS POLICY/PROCEDURE IS EFFECTIVE AT ALL TIMES INDIVIDUALS ARE MEMBERS OF THE SUMMIT BOARD OF DIRECTORS. THE CONFLICT OF INTEREST QUESTIONNAIRE AND CONFLICT OF INTEREST AFFIRMATION AND CONFIDENTIALITY AGREEMENT ARE TO BE COMPLETED AS LEAST ANNUALLY BY ALL MEMBERS OF THE BOARD OF DIRECTORS OF BOTH SUMMIT EDUCATIONAL RESOURCES, INC. AND SUMMIT FOUNDATION, INC. PROCEDURES: 1. THE SUMMIT EXECUTIVE OFFICE WILL DISSEMINATE THE CONFLICT OF INTEREST QUESTIONNAIRE AND CONFLICT OF INTEREST AFFIRMATION AND CONFIDENTIALITY AGREEMENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY. 2. MEMBERS OF THE BOARD OF DIRECTORS WILL COMPLETE THE QUESTIONNAIRE AND SIGN THE AFFIRMATION STATEMENT AND RETURN THESE TO THE SUMMIT EXECUTIVE OFFICE. 3. THE SUMMIT EXECUTIVE OFFICE WILL SEND COMPLETED QUESTIONNAIRES TO SUMMIT COUNSEL FOR REVIEW. SUMMIT COUNSEL WILL PREPARE AND PRESENT A SUMMARY OF POTENTIONAL AND OR ACTUAL CONFLICTS TO THE PRESIDENT OF THE BOARD OF DIRECTORS AND THE CEO, WHO SHALL INFORM THE INVOLVED BOARD MEMBERS. 4. IN ADDITION TO THE ABOVE, AT ANY TIME THAT A MEMBER OF THE BOARD OF DIRECTORS BECOMES AWARE OF A POTENTIAL, ACTUAL, OR THE APPEARANCE OF A CONFLICT OF INTEREST, HE OR SHE IS OBLIGATED TO INFORM THE PRESIDENT OF THE SUMMIT BOARD OF DIRECTORS OR, IN HIS/HER ABSENCE, THE EXECUTIVE COMMITTEE OF THE BOARD OR THE CEO WHO SHALL, IF TIME PERMITS, CONSULT WITH SUMMIT COUNSEL AND, WHEN APPROPRIATE, DISCLOSE SAME TO THE BOARD OF DIRECTORS. 5. BOARD MEETING MINUTES MUST REFLECT BOARD CONSIDERATION AND DECISION REGARDING THE ACTUAL OR POTENTIAL CONFLICT. EMPLOYEE CONFLICT OF INTEREST/CONFIDENTIALITY POLICY: POLICY: ALL SUMMIT EDUCATIONAL RESOURCES, INC. (HEREINAFTER REFERRED TO AS "SUMMIT") EMPLOYEES ARE REQUIRED TO DISCLOSE ANY PERSONAL OR PROFESSIONAL RELATIONSHIPS WHICH MAY REPRESENT A POTENTIAL OR ACTUAL CONFLICT WITH THE INTERESTS OF THE AGENCY, AS WELL AS CIRCUMSTANCES WHICH MAY GIVE THE APPEARANCE OF SUCH. IN ADDITION, IT IS EXPECTED THAT EMPLOYEES WILL RECUSE THEMSELVES FROM DELIBERATION AND DECISION-MAKING INVOLVING MATTERS WHEREIN SUCH POTENTIAL OR ACTUAL CONFLICT, OR APPEARANCE OF S
IRS990ScheduleO/GeneralExplanation/Explanation4STEPHEN R. ANDERSON IN HIS CAPACITY AS A CONSULTANT IS RESPONSIBLE FOR MANAGING THE ADMINISTRATIVE ACTIVITIES OF SUMMIT FOUNDATION. HIS COMPENSATION IS SUPPORTED BY A SEPARATE CONSULTANT AGREEMENT APPROVED BY THE BOARD OF DIRECTORS. STEPHEN R. ANDERSON IS ALSO THE CEO OF SUMMIT EDUCATIONAL RESOURCES, INC., A SUPPORTED ORGANIZATION UNDER SECTION 509(A)(3) OF THE CODE.
IRS990ScheduleO/GeneralExplanation/Explanation5A COPY OF SUMMIT FOUNDATION, INC.'S GOVERNING DOCUMENTS CAN BE REQUESTED AT SUMMIT EDUCATIONAL RESOURCES INC.'S COPORATE OFFICE LOCATED AT 150 STAHL ROAD GETZVILLE, NY 14068 DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/GeneralExplanation/Explanation6STEPHEN R. ANDERSON, PHD. SPENDS AN AVERAGE OF 37.5 HOURS PER WEEK WORKING FOR SUMMIT EDUCATIONAL RESOURCES, INC. KAREN F. HARDICK SPENDS AN AVERAGE OF 37.5 HOURS PER WEEK WORKING FOR SUMMIT EDUCATIONAL RESOURCES, INC.
IRS990ScheduleO/GeneralExplanation/Explanation7NET UNREALIZED LOSSES ON INVESTMENTS: -18,939.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, LINE 13
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, LINE 14
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 5:
IRS990/ScheduleORequired01
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IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0PROVIDES A VARIETY OF SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES.
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0170(B)(1)(A)(II)
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IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
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Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$245,203
Liabilities
$2,860
Net assets
$242,343
Revenue
-
Expenses
$11,943
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.62$0.13$1.49$0.28$0.19$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.43$0.14$1.29$0.24$0.24$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.10$1.21$0.05$1.13$1.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.33$2.49$0.33$0.69$0.37
2020Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.63$1.70$0.41$1.28
2019Detailed filing. Detailed filing data is available for this year.$1.35$0.02$1.33$0.80$0.20$0.60
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.10$0.73$0.45$1.01$0.56
2017Summary only. Only limited summary data is available for this year.$1.30$0.02$1.28$0.64$0.13$0.51
2016Summary only. Only limited summary data is available for this year.$0.80$0.05$0.75$0.44$0.13$0.31
2015Summary only. Only limited summary data is available for this year.$0.45$0.00$0.44$0.06$0.02$0.04
2014Summary only. Only limited summary data is available for this year.$0.41$0.01$0.40$0.10$0.06$0.04
2013Summary only. Only limited summary data is available for this year.$0.33$0.01$0.33$0.09$0.01$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.24$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.02$0.01$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.07$0.21$0.00$0.01$0.01