Liabilities / Assets
50th percentile
Higher debt load relative to assets than 50% of similar nonprofits.
990 • Fiscal year 2024 • EIN 22-2871770
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
50th percentile
Higher debt load relative to assets than 50% of similar nonprofits.
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
22nd percentile
Higher top officer pay than 22% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Assets
Up$6,988,462
Up $442,539 (+6.8%) from 2023
Net Assets
Up$6,129,741
Up $554,433 (+9.9%) from 2023
Liabilities
Down$858,721
Down $111,894 (-12%) from 2023
Revenue
Down$549,362
Down $139,718 (-20%) from 2023
Expenses
Up$708,184
Up $51,710 (+7.9%) from 2023
Net Income
Down-$158,822
Down $191,428 (-587%) from 2023
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $5,751,799 | $6,213,619 | ▲ $461,820 |
| Savings and Temporary Cash Investments | $653,776 | $683,599 | ▲ $29,823 |
| Pledges and Grants Receivable | $100,000 | $50,000 | ▼ $50,000 |
| Cash and Non-Interest-Bearing Accounts | $30,578 | $32,900 | ▲ $2,322 |
| Prepaid Expenses and Deferred Charges | $9,770 | $8,344 | ▼ $1,426 |
| Total Assets | $6,545,923 | $6,988,462 | ▲ $442,539 |
| Liabilities | |||
| Grants Payable | $961,815 | $846,971 | ▼ $114,844 |
| Accounts Payable and Accrued Expenses | $8,800 | $11,750 | ▲ $2,950 |
| Total Liabilities | $970,615 | $858,721 | ▼ $111,894 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $5,085,351 | $5,626,669 | ▲ $541,318 |
| Net Assets With Donor Restrictions | $489,957 | $503,072 | ▲ $13,115 |
| Total Net Assets Fund Balance | $5,575,308 | $6,129,741 | ▲ $554,433 |
| Total Liabilities and Net Assets / Fund Balance | $6,545,923 | $6,988,462 | ▲ $442,539 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $6,213,619 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $5,548,114 | $-50,000 | ▲ $849,510 | - | $6,125,161 |
| 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 |
| Name | Title |
|---|---|
| Heather Thomas | Co-president |
| Melissa Madden | Co-president |
| Chelle Donnelly | Trustee |
| Dawn Rempell | Trustee |
| Jodi Englert | Trustee |
| John Mell | Trustee |
| Keira Mathey | Trustee |
| Kelly Stanton | Trustee |
| Laura Madden | Trustee |
| Lauren Post | Trustee |
| Lesley Arlein | Trustee |
| Lori Tulloch | Trustee |
| Matthew Carder | Trustee |
| Pete Pardo | Trustee |
| Rachel Callahan | Trustee |
| Sunita Viswanath | Trustee |
| Susan Daniel | Trustee |
| Teal Rodriguez | Trustee |
| Tim Erday | Trustee |
| Amy Burke | Secretary |
| Theresa Cowing | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $637,159 |
| Other Expenses | $71,025 |
| Total Fundraising Expense | $42,226 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $637,159 | - | - | $637,159 |
| Fees for Services Other | - | - | $28,388 | $28,388 |
| Fees for Services Accounting | - | $17,262 | - | $17,262 |
| Insurance | - | $1,825 | - | $1,825 |
| Office Expenses | - | $1,361 | - | $1,361 |
| Other Expenses | $0 | $371 | $0 | $371 |
| All Other Expenses | - | - | $240 | $240 |
| Total Functional Expenses | $637,159 | $28,799 | $42,226 | $708,184 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $751,861 |
| Expenses per Audited Statements | $708,184 |
| Total Expenses per Form 990 | $708,184 |
| Expenses Not Reported on Form 990 | $43,677 |
| Expenses Not Reported on Financial Statements | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Summit Board of Education | Summit, NJ | - | Education | $637,159 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $163,312 |
| Fundraising Direct Expenses | $43,677 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Spring for Excellence | $146,288 | $146,288 | $35,557 | $110,731 |
| PARTNER'S NIGHT | $17,024 | $17,024 | $8,120 | $8,904 |
| Total Events | $163,312 | $163,312 | $43,677 | $119,635 |
“An electronic version of form 990 is made available to trustees for a 7-day comment period. Absent comments, the 990 is filed.”
“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.”
“UPON REQUEST”
“During the year ended june 30, 2024, the summit educational foundation chartered an audit committee which has formal responsibility for the oversight of the financial statement audit.”
“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.”
“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.”
“Expenses netted under gaming activities 43,677.”
“Expenses netted under gaming activities 43,677.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 8800 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 11750 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO MAINTAIN & ENHANCE A SUMMIT, NJ PUBLIC SCHOOL EDUCATION THROUGH COMMUNITY FUNDING OF GRANTS. |
| IRS990/AllOtherContributionsAmt | 0 | 293472 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 240 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 240 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | KATIE WILLIAMS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9084008756 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 26 LINDEN PLACE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SUMMIT |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07901 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 30578 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 32900 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 293472 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 637159 |
| IRS990/CYInvestmentIncomeAmt | 0 | 136255 |
| IRS990/CYOtherExpensesAmt | 0 | 71025 |
| IRS990/CYOtherRevenueAmt | 0 | 119635 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -158822 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 708184 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 42226 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 549362 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | 0 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE ANNUAL FUND OF THE SUMMIT EDUCATION FOUNDATION ENCOURAGES AND FUNDS TEACHER AND DISTRICT-INITIATED PROGRAMS THAT ADVANCE THE CURRICULUM AND DISTRICT OBJECTIVES. DURING THE 2023-24 FISCAL YEAR, 64 GRANTS TOTALING $365,012 WERE AWARDED FROM THE ANNUAL FUND. THE LARGEST GRANT AWARDS FUNDED THE FOLLOWING INITIATIVES:REFLEX MATH - $40,035OPTIMIZING POTENTIAL: ENHANCING PRODUCTIVITY, WELL-BEING, AND LEARNING PREFERENCES THROUGH ADJUSTABLE STANDING DESKS - $36,243FLEXIBLE SEATING - $24,881BUILDING DYNAMITE READERS - $22,897DECODABLES FOR OUR ELLS - $15,647 |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DistributionToDonorInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 489957 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 503072 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 1 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 365012 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 17262 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 17262 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 28388 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 28388 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 20 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 15 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 16 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 17 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 18 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 19 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 20 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MELISSA MADDEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | HEATHER THOMAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | AMY BURKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | THERESA COWING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | LESLEY ARLEIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RACHEL CALLAHAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MATTHEW CARDER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | SUSAN DANIEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | CHELLE DONNELLY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JODI ENGLERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | TIM ERDAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | LAURA MADDEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | KEIRA MATHEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | JOHN MELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | PETE PARDO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | LAUREN POST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | DAWN REMPELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | TEAL RODRIGUEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | KELLY STANTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | LORI TULLOCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | SUNITA VISWANATH |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CO-PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CO-PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1986 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 1 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 43677 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 163312 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -13544 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 21 |
| IRS990/GrantAmt | 0 | 365012 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 961815 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 846971 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 637159 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 637159 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 1300245 |
| IRS990/GrossReceiptsAmt | 0 | 1906828 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 21 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1825 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1825 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 149799 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 149799 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 5751799 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 6213619 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NJ |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 1313789 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5575308 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6129741 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -13544 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -13544 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | 119635 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 119635 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 713255 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 5085351 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 5626669 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1361 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1361 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | COMPUTER TECHNOLOGY |
| IRS990/OtherExpensesGrp/Desc | 1 | STATIONERY & PRINTING |
| IRS990/OtherExpensesGrp/Desc | 2 | BANK FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | LICENSES & PERMITS |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 7178 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 3770 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 2650 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 7079 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 901 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 371 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 14257 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 3770 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 3551 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 371 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 100000 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 50000 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 9770 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 8344 |
| IRS990/PrincipalOfficerNm | 0 | HEATHER THOMAS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE 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, 2024, GRANT AWARDED TOTALED $256,895. THE LARGEST GRANT AWARDS FUNDED THE FOLLOWING INITIATIVES:STEAM TEACHERS (DESIGN/INNOVATION TEACHER AND A THEATRE TECHNOLOGY & FILM TEACHER) AT LAWTON C. JOHNSON MIDDLE SCHOOL - $210,000ADJUSTABLE DESKS THAT PROMOTE STUDENT PRODUCTIVITY AND WELL-BEING - $46,000 |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 256895 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 256895 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | THE SUMMIT EDUCATIONAL FOUNDATION FUNDED SPECIFIC GRANTS WITH CONTRIBUTIONS RECEIVED SUBJECT TO DONOR-IMPOSED RESTRICTIONS. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 15252 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 15252 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 301024 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 607484 |
| IRS990/PYInvestmentIncomeAmt | 0 | 282454 |
| IRS990/PYOtherExpensesAmt | 0 | 48990 |
| IRS990/PYOtherRevenueAmt | 0 | 105602 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 32606 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 656474 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 689080 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -158822 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 653776 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 683599 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 273248 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 193715 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 380009 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 245757 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 203881 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1296610 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 149799 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 139335 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 126900 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 110965 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 121451 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 648450 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 722490 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 20224 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 107309 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 116597 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 121228 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 26904 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 392262 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.55470 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.52570 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1296610 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 273248 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 193715 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 380009 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 245757 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 203881 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1296610 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2337322 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 0.91790 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5548114 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.