Civic Intelligence

Summa Foundation

EIN 23-7299352 • 501(c)3 • Albuquerque, NM

Pub. 78 EligibleNTEE U35J

Profile

Sponsor research and education in electromagnetics by holding seminars and publishing texts, including an annual week-long conference where hundreds of papers on electromagnetics are presented

600 Valverde Dr SEAlbuquerque, NM 87108

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.00x

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

NTEE U • <$500k nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.00x

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

NTEE U • <$500k nonprofits • Source year 2024

Net Margin

85th percentile

59%

Higher net margin than 85% of similar nonprofits.

NTEE U • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE U • <$500k nonprofits • Source year 2024

Asset Growth

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

NTEE U • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

991%

Faster revenue growth than 97% of similar nonprofits.

NTEE U • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$235,519

Up $41,668 (+21%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$235,519

Up $41,668 (+21%) from 2023

Revenue

Up

$32,771

Up $29,767 (+991%) from 2023

Expenses

Up

$13,449

Up $4,214 (+46%) from 2023

Net Income

Up

$19,322

Up $25,553 (+410%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2019: $204,281Liabilities 2019: $357Net Assets 2019: $203,9242019Assets 2020: $214,041Liabilities 2020: $0Net Assets 2020: $214,0412020Assets 2021: $217,201Liabilities 2021: $0Net Assets 2021: $217,2012021Assets 2022: $172,877Liabilities 2022: $0Net Assets 2022: $172,8772022Assets 2023: $193,851Liabilities 2023: $0Net Assets 2023: $193,8512023Assets 2024: $235,519Liabilities 2024: $0Net Assets 2024: $235,5192024

Highlighted filing

2024

Assets$235,519
Liabilities$0
Net Assets$235,519

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2019: $12,892Expenses 2019: $25,851Net Income 2019: -$12,9592019Revenue 2020: $9,980Expenses 2020: $15,929Net Income 2020: -$5,9492020Revenue 2021: $27,074Expenses 2021: $42,453Net Income 2021: -$15,3792021Revenue 2022: $29,808Expenses 2022: $12,928Net Income 2022: $16,8802022Revenue 2023: $3,004Expenses 2023: $9,235Net Income 2023: -$6,2312023Revenue 2024: $32,771Expenses 2024: $13,449Net Income 2024: $19,3222024

Highlighted filing

2024

Revenue$32,771
Expenses$13,449
Net Income$19,322

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 10, 2025
Return Version
2023v6.0
Gross Receipts
$71,599
Mission and Program Overview

Mission

Sponsor research and education in electromagnetics by holding seminars and publishing texts, including an annual week-long conference where hundreds of papers on electromagnetics are presented

Sponsor research and education in electromagnetics by holding seminars and publishing texts, including an annual week-long conference where hundreds of papers on electromagnetics are preseneted.

Program Services

DescriptionGrantsExpenses
GRADUATE FELLOWSHIPS AND SCHOLARSHIPS ARE AWARDED IN THE FIELD OF ADVANCED ELECTROMAGNETICS TO ASSIST STUDENTS IN THE DEVELOPMENT OF IDEAS. THE GRANT IS MADE TO THE UNIVERSITY OF NEW MEXICO - SCHOOL OF ENGINEERING. GRANTEES ARE SELECTED BY THE UNIVERSITY OF NEW MEXICO - SCHOOL OF ENGINEERING$5,000$5,000
SPONSOR RESEARCH AND EDUCATION IN ELECTROMAGNETICS BY HOLDING SEMINARS AND PUBLISHING TEXTS, INCLUDING AN ANNUAL WEEK-LONG CONFERENCE WHERE HUNDREDS OF PAPERS ON ELECTROMAGNETICS ARE PRESENTED$0$2,395
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
EDL SCHAMILOGLUPresident-$0--
SPENCER E BAUMVice President-$0--
WILLIAM D PRATHERTreasurer-$0--
JANE LEHRVice President-$0--
EVERETT FARRSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Summa Foundation
EIN
23-7299352
Phone
5058460416
Address
600 VALVERDE DR SE, ALBUQUERQUE, NM 87108

Signing Officer

Name
William Prather
Title
Treasurer
Phone
5058460416
Signed
2025-02-10
Discuss with paid preparer
Yes

Preparer

Firm
Redw LLC
Address
8801 HORIZON BLVD NE 401, ALBUQUERQUE, NM 87113
Preparer
Carl D Harper
Phone
5059983200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: dividend income. Amount: 795. Description: interest income. Amount: 1,737. Total included on form 990-ez, line 4: 2,532.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grant to provide graduate scholarships. Grantee name: university of new mexico - school of engineering. Grantee address: 1 university of new mexico albuquerque, nm 87131. Grantee relationship: none. Property description: cash. Date of gift: 11/08/23. Amount given: 5,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: investment management fees. Amount: 3,094. Description: foreign tax paid. Amount: 5. Description: agent fees for globalem 2024. Amount: 483. Description: tx filng fees. Amount: 78. Total to form 990-ez, line 16: 3,660.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: unrealized gain/loss - securities. Amount: 22,346.

Form 990-ez, Part II, Line 24 - Other Assets

Description: investments - publicly traded securities . Beg. Of year amount: 116,745. End of year amount: 132,140. Description: investments - publicly traded government securities . Beg. Of year amount: 73,170. End of year amount: 71,546. Description: accrued conference revenues. Beg. Of year amount: 0. End of year amount: 20,500.

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DIVIDEND INCOME. AMOUNT: 795. DESCRIPTION: INTEREST INCOME. AMOUNT: 1,737. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 2,532.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANT TO PROVIDE GRADUATE SCHOLARSHIPS. GRANTEE NAME: UNIVERSITY OF NEW MEXICO - SCHOOL OF ENGINEERING. GRANTEE ADDRESS: 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE, NM 87131. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 11/08/23. AMOUNT GIVEN: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVESTMENT MANAGEMENT FEES. AMOUNT: 3,094. DESCRIPTION: FOREIGN TAX PAID. AMOUNT: 5. DESCRIPTION: AGENT FEES FOR GLOBALEM 2024. AMOUNT: 483. DESCRIPTION: TX FILNG FEES. AMOUNT: 78. TOTAL TO FORM 990-EZ, LINE 16: 3,660.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: UNREALIZED GAIN/LOSS - SECURITIES. AMOUNT: 22,346.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: INVESTMENTS - PUBLICLY TRADED SECURITIES . BEG. OF YEAR AMOUNT: 116,745. END OF YEAR AMOUNT: 132,140. DESCRIPTION: INVESTMENTS - PUBLICLY TRADED GOVERNMENT SECURITIES . BEG. OF YEAR AMOUNT: 73,170. END OF YEAR AMOUNT: 71,546. DESCRIPTION: ACCRUED CONFERENCE REVENUES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 20,500.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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