Summit Foundation Inc.

990PF • Fiscal year 2024 • EIN 37-2117735

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 05, 2025

Organization Profile

2630 Grey Oaks Drive NNaples, FL 34105

(877) 829-5500

Siviq Scores

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

0.00x

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

2024 filings • $10M-$25M nonprofits • Source year 2024

0.00x

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

2024 filings • $10M-$25M nonprofits • Source year 2024

86%

Higher net margin than 96% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Source year 2024

Higher top officer pay than 25% of similar nonprofits.

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

2024 filings • $10M-$25M nonprofits • Source year 2024

1297%

Faster asset growth than 100% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Annualized from 2023 to 2024

698%

Faster revenue growth than 98% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets19th percentile

Assets

$14,464,887

Up $13,429,773 (+1297%) from 2023

Net Assets

$14,464,887

Up $13,429,773 (+1297%) from 2023

Liabilities

Flat

Flat from 2023

Revenue And Expenses

Liabilities / Revenue19th percentile Net Margin96th percentile

Revenue

$8,304,251

Up $7,264,174 (+698%) from 2023

Expenses

$1,143,215

Up $1,143,215 from 2023

Net Income

$7,161,036

Up $6,120,959 (+589%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

Highlighted filing

2024

Assets$14,464,887

Liabilities$0

Net Assets$14,464,887

Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

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

Highlighted filing

2024

Revenue$8,304,251

Expenses$1,143,215

Net Income$7,161,036

Open 2024 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2024 to Dec 31, 2024
Signed: Nov 5, 2025
Return Version: 2024v5.2

Compensation and Service Providers

Top Officer Pay25th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JC SHIFMAN	President	-	$0	-	-
SJ SHIFMAN	Vice President	-	$0	-	-
A SHIFMAN	Sec/Treasurer	-	$0	-	-

Grants and Assistance

Foundation Grants and Related Investments

Type	Recipient	Purpose	Status	Location	Amount
Paid Grant	-	#1	#1	CINCINNATI, OH, US	$1,082,307

Filing and Contact Details

Filer

Filer Name: The Summit Foundation Inc
EIN: 37-2117735
Phone: 8778295500
Address: 2630 GREY OAKS DRIVE N, NAPLES, FL 34105

Signing Officer

Name: J C Shifman
Title: President
Phone: 8778295500
Signed: 2025-11-05
Discuss with paid preparer: Yes

Preparer

Firm: Locey Mitchell & Associates Ltd
Address: 4760 Red Bank Expressway Suite 222, Cincinnati, OH 45227
Preparer: Michelle Locey
Phone: 5132813333

Raw XML Appendix296 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.

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IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	1082307
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	1082307
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	0
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	1082307
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	1082307
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	1082307
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	0
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	321665
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1Txt	0	Estate of M Cohen
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	1
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	1	2
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm	0	JC AND SJ SHIFMAN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	0	PO BOX 54697
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	1	PO BOX 54697
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	0	PHILADELPHIA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	1	PHILADELPHIA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	0	PA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	1	PA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	0	19148
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	1	19148
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	1	X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	1273527
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	1	6746000
IRS990ScheduleB/GeneralRuleInd	0	X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum	0	1
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt	0	1273527
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc	0	Marketable Securities
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt	0	2024-12-31
IRS990ScheduleB/Organization501c3ExemptPFInd	0	X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	Office expense
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	33
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	Capital gain distribution
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	0	5768
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	0	6268737
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	0	CHANGE IN VALUE OF INVESTMENTS
ReturnHeader/BuildTS	0	2025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	J C SHIFMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8778295500
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2025-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	THE SUMMIT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt	0	SUMM
ReturnHeader/Filer/EIN	0	372117735
ReturnHeader/Filer/PhoneNum	0	8778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	2630 GREY OAKS DRIVE N
ReturnHeader/Filer/USAddress/CityNm	0	NAPLES
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	FL
ReturnHeader/Filer/USAddress/ZIPCd	0	34105
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	311683754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Locey Mitchell & Associates Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	4760 Red Bank Expressway Suite 222
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Cincinnati
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	45227
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5132813333
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Michelle Locey
ReturnHeader/ReturnTs	0	2025-11-17T18:46:10-08:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2024-01-01
ReturnHeader/TaxPeriodEndDt	0	2024-12-31
ReturnHeader/TaxYr	0	2024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $14,464,887
Liabilities: $0
Net assets: $14,464,887
Revenue: $8,304,251
Expenses: $1,143,215
Net income: $7,161,036

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$14.5	$0.00	$14.5	$8.30	$1.14	$7.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.04	$0.00	$1.04	$1.04	$0.00	$1.04