Civic Intelligence

Summit Educational Foundation Inc.

990 • Fiscal year 2021 • EIN 22-2871770

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 24, 2021

Organization ProfileSEFNJ.ORG
PO Box 268Summit, NJ 07902-0268

(908) 400-8756

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$7,878,708

Up $1,611,187 (+26%) from 2020

Net Assets

Up

$7,078,470

Up $1,408,474 (+25%) from 2020

Liabilities

Up

$800,238

Up $202,713 (+34%) from 2020

Revenue And Expenses

Revenue

Up

$1,144,101

Up $725,147 (+173%) from 2020

Expenses

Up

$807,298

Up $319,787 (+66%) from 2020

Net Income

Up

$336,803

Up $405,360 (+591%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,287,201Liabilities 2011: $0Net Assets 2011: $2,287,2012011Assets 2012: $2,830,640Liabilities 2012: $0Net Assets 2012: $2,830,6402012Assets 2013: $3,870,180Liabilities 2013: $0Net Assets 2013: $3,870,1802013Assets 2014: $4,899,280Liabilities 2014: $602,002Net Assets 2014: $4,297,2782014Assets 2015: $5,091,362Liabilities 2015: $844,480Net Assets 2015: $4,246,8822015Assets 2016: $5,239,356Liabilities 2016: $678,530Net Assets 2016: $4,560,8262016Assets 2017: $5,665,935Liabilities 2017: $793,458Net Assets 2017: $4,872,4772017Assets 2018: $6,129,484Liabilities 2018: $438,399Net Assets 2018: $5,691,0852018Assets 2019: $6,442,003Liabilities 2019: $893,775Net Assets 2019: $5,548,2282019Assets 2020: $6,267,521Liabilities 2020: $597,525Net Assets 2020: $5,669,9962020Assets 2021: $7,878,708Liabilities 2021: $800,238Net Assets 2021: $7,078,4702021Assets 2022: $6,765,196Liabilities 2022: $1,539,817Net Assets 2022: $5,225,3792022Assets 2023: $6,545,923Liabilities 2023: $970,615Net Assets 2023: $5,575,3082023Assets 2024: $6,988,462Liabilities 2024: $858,721Net Assets 2024: $6,129,7412024Assets 2025: $7,268,741Liabilities 2025: $554,450Net Assets 2025: $6,714,2912025

Highlighted filing

2021

Assets$7,878,708
Liabilities$800,238
Net Assets$7,078,470
Open 2021 Filing

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,378,978Expenses 2011: $481,629Net Income 2011: $897,3492011Revenue 2012: $975,331Expenses 2012: $431,892Net Income 2012: $543,4392012Expenses 2013: $323,0202013Revenue 2014: $574,723Expenses 2014: $587,914Net Income 2014: -$13,1912014Revenue 2015: $644,177Expenses 2015: $757,289Net Income 2015: -$113,1122015Revenue 2016: $748,110Expenses 2016: $302,476Net Income 2016: $445,6342016Revenue 2017: $543,802Expenses 2017: $548,572Net Income 2017: -$4,7702017Revenue 2018: $869,735Expenses 2018: $419,266Net Income 2018: $450,4692018Revenue 2019: $672,958Expenses 2019: $905,945Net Income 2019: -$232,9872019Revenue 2020: $418,954Expenses 2020: $487,511Net Income 2020: -$68,5572020Revenue 2021: $1,144,101Expenses 2021: $807,298Net Income 2021: $336,8032021Revenue 2022: $701,983Expenses 2022: $1,399,481Net Income 2022: -$697,4982022Revenue 2023: $689,080Expenses 2023: $656,474Net Income 2023: $32,6062023Revenue 2024: $549,362Expenses 2024: $708,184Net Income 2024: -$158,8222024Revenue 2025: $661,861Expenses 2025: $506,499Net Income 2025: $155,3622025

Highlighted filing

2021

Revenue$1,144,101
Expenses$807,298
Net Income$336,803
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 24, 2021
Return Version
2020v4.1
Gross Receipts
$1,468,655
Mission and Program Overview

Mission

To maintain and enhance the high quality of a summit, new jersey public school education through community funding of innovative and essential educational grants, a close working relationship with the school district, and careful review, evaluation and financial oversight of supported initiatives.

To maintain & enhance a summit, nj public school education through community funding of grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,865,734$7,444,243▲ $1,578,509
Cash and Non-Interest-Bearing Accounts$54,509$274,683▲ $220,174
Savings and Temporary Cash Investments$338,712$155,357▼ $183,355
Pledges and Grants Receivable$4,500--
Prepaid Expenses and Deferred Charges$4,066$4,425▲ $359
Total Assets$6,267,521$7,878,708▲ $1,611,187
Liabilities
Grants Payable$568,322$792,238▲ $223,916
Accounts Payable and Accrued Expenses$29,203$8,000▼ $21,203
Total Liabilities$597,525$800,238▲ $202,713
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,347,162$6,676,177▲ $1,329,015
Net Assets With Donor Restrictions$322,834$402,293▲ $79,459
Total Net Assets Fund Balance$5,669,996$7,078,470▲ $1,408,474
Total Liabilities and Net Assets / Fund Balance$6,267,521$7,878,708▲ $1,611,187

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$7,444,243--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,391,271$0▲ $1,692,656-$6,946,616
2019$5,343,702$3,000▲ $311,192-$5,391,271
2018$5,192,649$11,650▲ $375,081-$5,343,702
2017$4,561,308$265,256▲ $464,253-$5,192,649
2016$4,337,233$66,913▲ $403,756-$4,561,308
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maggie BaumanPresident
Kim FoxVice President
Adam LeamanTrustee
Amy BurkeTrustee
Amy WiseTrustee
Angie GannonTrustee
Heather ThomasTrustee
Janet LangborghTrustee
Karen BowmanTrustee
Karen DohertyTrustee
Kelly IacovelliTrustee
Kiera MatheyTrustee
Lauren PostTrustee
Leah EnthovenTrustee
Lesley ArleinTrustee
Marybeth DriscollTrustee
Melissa MaddenTrustee
Michael GarveyTrustee
Peggy WongTrustee
Pete PardoTrustee
Tim ErdayTrustee
Meme HarrisSecretary
Key MichelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$366,985
Program Service Revenue
$0
Investment Income
$621,265
Other Revenue
$155,851
All Other Contributions
$366,985
Change in Net Assets
$336,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,144,101
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,103,113
Total Revenue per Audited Statements
$2,247,214
Total Revenue per Form 990
$1,144,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$718,619
Total Fundraising Expense$65,874
Other Expenses$48,679
Professional Fundraising Fees$40,000
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$718,619--$718,619
Fees for Services Professional Fundraising--$40,000$40,000
Fees for Services Accounting-$12,340-$12,340
Fees for Services Other--$5,570$5,570
Other Expenses$0$905$1,957$2,862
Insurance-$1,736-$1,736
Office Expenses-$1,271-$1,271
All Other Expenses-$313$521$834
Total Functional Expenses$718,619$22,805$65,874$807,298

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$838,740
Expenses per Audited Statements$807,298
Total Expenses per Form 990$807,298
Expenses Not Reported on Form 990$31,442
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summit Board of EducationSummit, NJ-Education$718,619
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$187,293
Professional Fundraising Fees$40,000
Fundraising Direct Expenses$31,442

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring for Excellence$187,293$187,293$31,442$155,851
Total Events$187,293$187,293$31,442$155,851
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“An electronic version of form 990 is made available to trustees for a 7-day comment period. Absent comments, the 990 is filed.”

Form 990, Part VI, Section B, Line 12C

“Each new trustee or officer is given a copy of the conflict of interest policy. Further each trustee is bound to make full disclosure of interests, relationships, and holdings that could potentially result in a conflict of interest on a continual basis.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Summit Educational Foundation
EIN
22-2871770
Phone
9084008756
Address
PO BOX 268, SUMMIT, NJ 07902-0268

Signing Officer

Name
Key Michel
Title
Treasurer
Phone
9084008756
Signed
2021-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Key Michel
Formed
1986
Legal Domicile
Nj
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
80

Preparer

Firm
James M Wood CPA
Address
603B OMNI DRIVE, HILLSBOROUGH, NJ 08844
Preparer
James M Wood
Phone
9084311700
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“During the year ended june 30, 2021, the summit educational foundation chartered an audit committee which has formal responsibility for the oversight of the financial statement audit.”

Financial Statement Notes

PART V, LINE 4:

“To fund strategic long-term initiatives critical to the health of the summit, new jersey public school district and to its ability, to provide an excellent educational experience for its students.”

PART X, LINE 2:

“Sef's accounting policy is to disclose contingencies relating to uncertain tax positions when a liability is probable and estimable. Sef is not aware of any violation of tax status or exposure to uncertain tax positions that could requre disclosure or which could affect its liquidity or future cash flows.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Expenses netted under gaming activities 31,442.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses netted under gaming activities 31,442.”

Raw XML AppendixShowing 400 of 606 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt029203
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO MAINTAIN & ENHANCE A SUMMIT, NJ PUBLIC SCHOOL EDUCATION THROUGH COMMUNITY FUNDING OF GRANTS.
IRS990/AllOtherContributionsAmt0366985
IRS990/AllOtherExpensesGrp/FundraisingAmt0521
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0313
IRS990/AllOtherExpensesGrp/TotalAmt0834
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0KATIE WILLIAMS
IRS990/BooksInCareOfDetail/PhoneNum09084008756
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt026 LINDEN PLACE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SUMMIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007901
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt054509
IRS990/CashNonInterestBearingGrp/EOYAmt0274683
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0366985
IRS990/CYGrantsAndSimilarPaidAmt0718619
IRS990/CYInvestmentIncomeAmt0621265
IRS990/CYOtherExpensesAmt048679
IRS990/CYOtherRevenueAmt0155851
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0336803
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0807298
IRS990/CYTotalFundraisingExpenseAmt065874
IRS990/CYTotalProfFndrsngExpnsAmt040000
IRS990/CYTotalRevenueAmt01144101
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ANNUAL FUND OF THE SUMMIT EDUCATION FOUNDATION ENCOURAGES AND FUNDS TEACHER AND DISTRICT-INITIATED PROGRAMS THAT ADVANCE THE CURRICULUM AND DISTRICT OBJECTIVES. DURING THE 2020-21 FISCAL YEAR, 60 GRANTS TOTALING $504,405 WERE AWARDED FROM THE ANNUAL FUND. THE LARGEST GRANT AWARDS FUNDED THE FOLLOWING INITIATIVES:CODING AND ROBOTICS EXPANSION - $55,937FLEX YOUR MATH MUSCLES - REFLEX MATH - $37,811IPEVO DOCUMENT CAMERAS FO THE DISTRICT - $29,239CLASSROOM FURNITURE (2 CLASSROOMS) - $28,020THE PRIMARY PURPOSE: CLASSROOM COMMUNITIES THAT HONOR AND MEET THE DIVERSE NEEDS OF THE WHOLE CHILD THROUGH LITERATURE, THE ARTS AND THE ENVIRONMENT - $27,449
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0322834
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0402293
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0504405
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012340
IRS990/FeesForServicesAccountingGrp/TotalAmt012340
IRS990/FeesForServicesOtherGrp/FundraisingAmt05570
IRS990/FeesForServicesOtherGrp/TotalAmt05570
IRS990/FeesForServicesProfFundraising/FundraisingAmt040000
IRS990/FeesForServicesProfFundraising/TotalAmt040000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt221.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/PersonNm0MAGGIE BAUMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1KIM FOX
IRS990/Form990PartVIISectionAGrp/PersonNm2MEME HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm3KEY MICHEL
IRS990/Form990PartVIISectionAGrp/PersonNm4LESLEY ARLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm5KAREN BOWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6AMY BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm7KAREN DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm8MARYBETH DRISCOLL
IRS990/Form990PartVIISectionAGrp/PersonNm9LEAH ENTHOVEN
IRS990/Form990PartVIISectionAGrp/PersonNm10TIM ERDAY
IRS990/Form990PartVIISectionAGrp/PersonNm11ANGIE GANNON
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL GARVEY
IRS990/Form990PartVIISectionAGrp/PersonNm13KELLY IACOVELLI
IRS990/Form990PartVIISectionAGrp/PersonNm14JANET LANGBORGH
IRS990/Form990PartVIISectionAGrp/PersonNm15ADAM LEAMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16MELISSA MADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm17KIERA MATHEY
IRS990/Form990PartVIISectionAGrp/PersonNm18PETE PARDO
IRS990/Form990PartVIISectionAGrp/PersonNm19HEATHER THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm20AMY WISE
IRS990/Form990PartVIISectionAGrp/PersonNm21PEGGY WONG
IRS990/Form990PartVIISectionAGrp/PersonNm22LAUREN POST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt031442
IRS990/FundraisingGrossIncomeAmt0187293
IRS990/GainOrLossGrp/SecuritiesAmt0510300
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantAmt0504405
IRS990/GrantsPayableGrp/BOYAmt0568322
IRS990/GrantsPayableGrp/EOYAmt0792238
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0718619
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0718619
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0803412
IRS990/GrossReceiptsAmt01468655
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01736
IRS990/InsuranceGrp/TotalAmt01736
IRS990/InvestmentIncomeGrp/ExclusionAmt0110965
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0110965
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05865734
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07444243
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0293112
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO MAINTAIN AND ENHANCE THE HIGH QUALITY OF A SUMMIT, NEW JERSEY PUBLIC SCHOOL EDUCATION THROUGH COMMUNITY FUNDING OF INNOVATIVE AND ESSENTIAL EDUCATIONAL GRANTS, A CLOSE WORKING RELATIONSHIP WITH THE SCHOOL DISTRICT, AND CAREFUL REVIEW, EVALUATION AND FINANCIAL OVERSIGHT OF SUPPORTED INITIATIVES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05669996
IRS990/NetAssetsOrFundBalancesEOYAmt07078470
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0510300
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0510300
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0155851
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0155851
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01071671
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05347162
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06676177
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01271
IRS990/OfficeExpensesGrp/TotalAmt01271
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COMPUTER TECHNOLOGY
IRS990/OtherExpensesGrp/Desc1STATIONERY & PRINTING
IRS990/OtherExpensesGrp/Desc2PROVISION FOR DOUBTFUL
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt05884
IRS990/OtherExpensesGrp/FundraisingAmt17942
IRS990/OtherExpensesGrp/FundraisingAmt24000
IRS990/OtherExpensesGrp/FundraisingAmt31957
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06240
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3905
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt012124
IRS990/OtherExpensesGrp/TotalAmt17942
IRS990/OtherExpensesGrp/TotalAmt24000
IRS990/OtherExpensesGrp/TotalAmt32862
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04066
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04425
IRS990/PrincipalOfficerNm0KEY MICHEL
IRS990/ProfessionalFundraisingInd01
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ENDOWMENT FUND OF THE SUMMIT EDUCATIONAL FOUNDATION PROVIDES FUNDING FOR STRATEGIC LONG-TERM INITIATIVES CRITICAL TO THE HEALTH OF THE DISTRICT AND ITS ABILITY TO PROVIDE AN EXCELLENT EDUCATIONAL EXPERIENCE FOR ITS STUDENTS. THE ENDOWMENT FUND WAS CREATED AS A WAY TO ENSURE FUTURE FUNDING TO DEVELOP NEW CURRICULUM INITIATIVES AND PROVIDE PROFESSIONAL DEVELOPMENT TO MEET THE NEEDS OF 21ST CENTURY LEARNERS. DURING THE FISCAL YEAR ENDED JUNE 30, 2021, GRANT AWARDED TOTALED $201,505. THE LARGEST GRANT AWARDS FUNDED THE FOLLOWING INITIATIVES:SHS WEIGHT ROOM EQUIPMENT - $124,138WENGER SOUNDLOK ISOLATION RECORDING STUDIO ROOM/PRACTICE ROOM - $49,442SHS KEYBOARD/AUDIO PRODUCTION LAB - $14,125COLLABORATIVE FURNITURE GRANT - $13,800
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0201505
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0201505
IRS990/ProgSrvcAccomActy3Grp/Desc0THE SUMMIT EDUCATIONAL FOUNDATION FUNDED SPECIFIC GRANTS WITH CONTRIBUTIONS RECEIVED SUBJECT TO DONOR-IMPOSED RESTRICTIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt012709
IRS990/ProgSrvcAccomActy3Grp/GrantAmt012709
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0230785
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0419108
IRS990/PYInvestmentIncomeAmt0121451
IRS990/PYOtherExpensesAmt045355
IRS990/PYOtherRevenueAmt066718
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-68557
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0487511
IRS990/PYTotalProfFndrsngExpnsAmt023048
IRS990/PYTotalRevenueAmt0418954
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0336803
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0338712
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0155357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0245757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0203881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0277084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0259619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0331713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01318054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0110965
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0121451
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0286157
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt097225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt088514
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0704312
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0673102
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0121228
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt026904
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt016353
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0402216
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0134624
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0701325
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.48390
IRS990ScheduleA/PublicSupportPY170Pct00.47690
IRS990ScheduleA/PublicSupportTotal170Amt01318054
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0245757
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0203881

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,878,708
Liabilities
$800,238
Net assets
$7,078,470
Revenue
$1,144,101
Expenses
$807,298
Net income
$336,803
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.27$0.55$6.71$0.66$0.51$0.16
2024Detailed filing. Detailed filing data is available for this year.$6.99$0.86$6.13$0.55$0.71$0.16
2023Detailed filing. Detailed filing data is available for this year.$6.55$0.97$5.58$0.69$0.66$0.03
2022Detailed filing. Detailed filing data is available for this year.$6.77$1.54$5.23$0.70$1.40$0.70
2021Detailed filing. Detailed filing data is available for this year.$7.88$0.80$7.08$1.14$0.81$0.34
2020Detailed filing. Detailed filing data is available for this year.$6.27$0.60$5.67$0.42$0.49$0.07
2019Detailed filing. Detailed filing data is available for this year.$6.44$0.89$5.55$0.67$0.91$0.23
2018Detailed filing. Detailed filing data is available for this year.$6.13$0.44$5.69$0.87$0.42$0.45
2017Detailed filing. Detailed filing data is available for this year.$5.67$0.79$4.87$0.54$0.55$0.00
2016Detailed filing. Detailed filing data is available for this year.$5.24$0.68$4.56$0.75$0.30$0.45
2015Detailed filing. Detailed filing data is available for this year.$5.09$0.84$4.25$0.64$0.76$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.90$0.60$4.30$0.57$0.59$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$0.00$3.87$0.32
2012Summary only. Only limited summary data is available for this year.$2.83$0.00$2.83$0.98$0.43$0.54
2011Summary only. Only limited summary data is available for this year.$2.29$0.00$2.29$1.38$0.48$0.90