Civic Intelligence

Summit Educational Foundation Inc.

990 • Fiscal year 2023 • EIN 22-2871770

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 25, 2023

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

(908) 400-8756

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.15x

Higher debt load relative to assets than 53% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

1.41x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

52nd percentile

4.7%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

21st percentile

-3.2%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-1.8%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$6,545,923

Down $219,273 (-3.2%) from 2022

Net Assets

Up

$5,575,308

Up $349,929 (+6.7%) from 2022

Liabilities

Down

$970,615

Down $569,202 (-37%) from 2022

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin52nd percentile

Revenue

Down

$689,080

Down $12,903 (-1.8%) from 2022

Expenses

Down

$656,474

Down $743,007 (-53%) from 2022

Net Income

Up

$32,606

Up $730,104 (+105%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

2023

Assets$6,545,923
Liabilities$970,615
Net Assets$5,575,308
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

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

2023

Revenue$689,080
Expenses$656,474
Net Income$32,606
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 25, 2023
Return Version
2022v5.0
Gross Receipts
$2,268,450
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$6,271,612$5,751,799▼ $519,813
Savings and Temporary Cash Investments$209,086$653,776▲ $444,690
Pledges and Grants Receivable$150,000$100,000▼ $50,000
Cash and Non-Interest-Bearing Accounts$128,740$30,578▼ $98,162
Prepaid Expenses and Deferred Charges$5,758$9,770▲ $4,012
Total Assets$6,765,196$6,545,923▼ $219,273
Liabilities
Grants Payable$1,532,017$961,815▼ $570,202
Accounts Payable and Accrued Expenses$7,800$8,800▲ $1,000
Total Liabilities$1,539,817$970,615▼ $569,202
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,723,692$5,085,351▲ $361,659
Net Assets With Donor Restrictions$501,687$489,957▼ $11,730
Total Net Assets Fund Balance$5,225,379$5,575,308▲ $349,929
Total Liabilities and Net Assets / Fund Balance$6,765,196$6,545,923▼ $219,273

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,751,799--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$5,166,330$-50,000▲ $599,777-$5,548,114
2021$6,946,616$155,274▼ $1,048,276-$5,166,330
2020$5,391,271-▲ $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
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Amy BurkePresident
Heather ThomasCo-vice President
Melissa MaddenCo-vice President
Angie GannonTrustee
Chelle DonnellyTrustee
Dawn RempellTrustee
Jodi EnglertTrustee
Karen DohertyTrustee
Kim FoxTrustee
Laura MaddenTrustee
Lauren PostTrustee
Leah EnthovenTrustee
Lesley ArleinTrustee
Maggie BaumanTrustee
Matthew CarderTrustee
Michael GarveyTrustee
Pete PardoTrustee
Sunita ViswanathTrustee
Tim ErdayTrustee
Theresa CowingAssistant Treasurer
Kiera MatheySecretary
Key MichelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$301,024
Program Service Revenue
$0
Investment Income
$282,454
Other Revenue
$105,602
All Other Contributions
$301,024
Change in Net Assets
$32,606

Audited Revenue Reconciliation

Revenue per Audited Statements
$689,080
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$377,134
Total Revenue per Audited Statements
$1,066,214
Total Revenue per Form 990
$689,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$607,484
Other Expenses$48,990
Total Fundraising Expense$20,712
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$607,484--$607,484
Fees for Services Accounting-$17,162-$17,162
Fees for Services Other--$7,138$7,138
Insurance-$1,736-$1,736
Office Expenses-$1,565-$1,565
Other Expenses$0$0$1,186$1,186
All Other Expenses-$350-$350
Total Functional Expenses$607,484$28,278$20,712$656,474

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$716,285
Expenses per Audited Statements$656,474
Total Expenses per Form 990$656,474
Expenses Not Reported on Form 990$59,811
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summit Board of EducationSummit, NJ-Education$607,484
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$165,413
Fundraising Direct Expenses$59,811
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring for Excellence$149,471$149,471$51,350$98,121
PARTNER'S NIGHT$15,942$15,942$8,461$7,481
Total Events$165,413$165,413$59,811$105,602
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
Theresa Cowing
Title
Treasurer
Phone
9084008756
Signed
2023-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Cowing
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, 2023, 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 59,811.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses netted under gaming activities 59,811.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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
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IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt059811
IRS990/FundraisingGrossIncomeAmt0165413
IRS990/GainOrLossGrp/SecuritiesAmt0143119
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantAmt0375038
IRS990/GrantsPayableGrp/BOYAmt01532017
IRS990/GrantsPayableGrp/EOYAmt0961815
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0607484
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0607484
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01662678
IRS990/GrossReceiptsAmt02268450
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/ExclusionAmt0139335
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0139335
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06271612
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05751799
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01519559
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/NetAssetsOrFundBalancesBOYAmt05225379
IRS990/NetAssetsOrFundBalancesEOYAmt05575308
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0143119
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0143119
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0105602
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0105602
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0317323
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04723692
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05085351
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01565
IRS990/OfficeExpensesGrp/TotalAmt01565
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COMPUTER TECHNOLOGY
IRS990/OtherExpensesGrp/Desc1STATIONERY & PRINTING
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/FundraisingAmt07311
IRS990/OtherExpensesGrp/FundraisingAmt13418
IRS990/OtherExpensesGrp/FundraisingAmt21659
IRS990/OtherExpensesGrp/FundraisingAmt31186
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06564
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2901
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt013875
IRS990/OtherExpensesGrp/TotalAmt13418
IRS990/OtherExpensesGrp/TotalAmt22560
IRS990/OtherExpensesGrp/TotalAmt31186
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0150000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05758
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09770
IRS990/PrincipalOfficerNm0THERESA COWING
IRS990/ProfessionalFundraisingInd00
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, 2023, GRANT AWARDED TOTALED $217,032. THE LARGEST GRANT AWARDS FUNDED THE FOLLOWING INITIATIVES:SUPPORTING ALL READERS WITH QUALITY TEXTS: DECODABLE BOOK COLLECTIONS - $83,55421ST CENTURY CLASSROOM UPDATE - $25,644CREATING AN INCLUSIVE CLASSROOM - $21,940
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0217032
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0217032
IRS990/ProgSrvcAccomActy3Grp/Desc0THE SUMMIT EDUCATIONAL FOUNDATION FUNDED SPECIFIC GRANTS WITH CONTRIBUTIONS RECEIVED SUBJECT TO DONOR-IMPOSED RESTRICTIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015414
IRS990/ProgSrvcAccomActy3Grp/GrantAmt015414
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0496606
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01359723
IRS990/PYInvestmentIncomeAmt0107317
IRS990/PYOtherExpensesAmt039758
IRS990/PYOtherRevenueAmt098060
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-697498
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01399481
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0701983
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt032606
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0209086
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0653776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0193715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0380009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0245757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0203881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0277084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01300446
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0139335
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0126900
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0110965
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0121451
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0286157
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0784808
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0680149
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0107309
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0116597
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0121228
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt026904
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt016353
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0388391
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52570
IRS990ScheduleA/PublicSupportPY170Pct00.48930
IRS990ScheduleA/PublicSupportTotal170Amt01300446
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0193715
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0380009
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0245757
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0203881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0277084
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01300446
IRS990ScheduleA/TotalSupportAmt02473645
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,545,923
Liabilities
$970,615
Net assets
$5,575,308
Revenue
$689,080
Expenses
$656,474
Net income
$32,606
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