Civic Intelligence

Summit School Foundation Inc.

990 • Fiscal year 2014 • EIN 52-2367785

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 02, 2015

187-30 Grand Central ParkwayJamaica Estates, NY 11432

(718) 264-2931

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

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

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

17th percentile

0.00x

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

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

9th percentile

-20%

Higher net margin than 9% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$65,500

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

14th percentile

-8.0%

Faster asset growth than 14% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

33rd percentile

-0.8%

Faster revenue growth than 33% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,048,890

Down $178,835 (-8.0%) from 2013

Net Assets

Down

$2,048,890

Down $178,835 (-8.0%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$902,250

Down $7,692 (-0.8%) from 2013

Expenses

Down

$1,081,085

Down $274,012 (-20%) from 2013

Net Income

Up

-$178,835

Up $266,320 (+60%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,389,462Liabilities 2010: $0Net Assets 2010: $2,389,4622010Assets 2011: $2,715,381Liabilities 2011: $0Net Assets 2011: $2,715,3812011Assets 2012: $2,672,880Liabilities 2012: $0Net Assets 2012: $2,672,8802012Assets 2013: $2,227,725Liabilities 2013: $0Net Assets 2013: $2,227,7252013Assets 2014: $2,048,890Liabilities 2014: $0Net Assets 2014: $2,048,8902014Assets 2015: $1,915,771Liabilities 2015: $0Net Assets 2015: $1,915,7712015Assets 2016: $1,812,462Liabilities 2016: $0Net Assets 2016: $1,812,4622016Assets 2017: $1,964,714Liabilities 2017: $0Net Assets 2017: $1,964,7142017Assets 2018: $2,450,511Liabilities 2018: $679,614Net Assets 2018: $1,770,8972018Assets 2019: $1,774,145Liabilities 2019: $0Net Assets 2019: $1,774,1452019Assets 2020: $2,129,999Liabilities 2020: $0Net Assets 2020: $2,129,9992020Assets 2021: $2,118,497Liabilities 2021: $0Net Assets 2021: $2,118,4972021Assets 2022: $2,028,796Liabilities 2022: $0Net Assets 2022: $2,028,7962022Assets 2023: $2,208,537Liabilities 2023: $0Net Assets 2023: $2,208,5372023Assets 2024: $2,208,537Liabilities 2024: $0Net Assets 2024: $2,208,5372024

Highlighted filing

2014

Assets$2,048,890
Liabilities$0
Net Assets$2,048,890

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $204,9352010Revenue 2011: $700,803Expenses 2011: $363,886Net Income 2011: $336,9172011Expenses 2012: $840,1332012Revenue 2013: $909,942Expenses 2013: $1,355,097Net Income 2013: -$445,1552013Revenue 2014: $902,250Expenses 2014: $1,081,085Net Income 2014: -$178,8352014Revenue 2015: $921,908Expenses 2015: $1,055,027Net Income 2015: -$133,1192015Revenue 2016: $907,765Expenses 2016: $1,011,074Net Income 2016: -$103,3092016Revenue 2017: $845,027Expenses 2017: $692,775Net Income 2017: $152,2522017Revenue 2018: $749,269Expenses 2018: $943,086Net Income 2018: -$193,8172018Revenue 2019: $755,526Expenses 2019: $752,278Net Income 2019: $3,2482019Revenue 2020: $720,342Expenses 2020: $364,488Net Income 2020: $355,8542020Revenue 2021: $510,706Expenses 2021: $522,208Net Income 2021: -$11,5022021Revenue 2022: $244,779Expenses 2022: $334,480Net Income 2022: -$89,7012022Revenue 2023: $328,007Expenses 2023: $208,252Net Income 2023: $119,7552023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2014

Revenue$902,250
Expenses$1,081,085
Net Income-$178,835
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 2, 2015
Return Version
2014v5.0
Gross Receipts
$902,250
Mission and Program Overview

Mission

To raise money to establish a fund which can be used exclusively to fund educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,885,409$1,810,898▼ $74,511
Other Notes and Loans Receivable, Net$342,316$237,992▼ $104,324
Total Assets$2,227,725$2,048,890▼ $178,835
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,227,725$2,048,890▼ $178,835
Total Net Assets Fund Balance$2,227,725$2,048,890▼ $178,835
Total Liabilities and Net Assets / Fund Balance$2,227,725$2,048,890▼ $178,835
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard SitmanDirectorPT$65,500$65,500
Bruce GoldsmithDirectorPT$53,850$53,850
John RennerDirectorPT$24,000$24,000
Mayer StiskinDirectorPT$24,000$24,000
Brant GoldsmithDirectorPT$3,000$3,000

Board Members and Trustees

NameTitle
Larry LitwackDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$729,026
Program Service Revenue
$0
Investment Income
$10,814
Other Revenue
$162,410
All Other Contributions
$729,026
Change in Net Assets
$-178,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$846,716
Other Expenses$234,369
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$846,716--$846,716
Fees for Services Management$191,350--$191,350
Insurance$12,383--$12,383
Office Expenses$12,200--$12,200
Fees for Services Accounting$7,000--$7,000
Conferences and Meetings$2,450--$2,450
Travel$1,050--$1,050
Other Expenses$275--$275
Total Functional Expenses$1,081,085$0$0$1,081,085
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summit SchoolJamaica Estates, NY-Payroll & Expenses$846,716
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board of directors review form 990.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Summit School Foundation
EIN
52-2367785
Phone
7182642931
Address
187-30 GRAND CENTRAL PARKWAY, JAMAICA ESTATES, NY 11432

Signing Officer

Name
Dr Goldsmith
Title
Director
Phone
7182642931
Signed
2015-11-02
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Kenneth Gach CPA Pc
Address
200 E ERIE ST STE 2N, BLAUVELT, NY 10913
Preparer
Kenneth Gach CPA
Phone
8453981181
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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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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02227725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02048890
IRS990/TotalProgramServiceExpensesAmt01081085
IRS990/TotalReportableCompFromOrgAmt0170350
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0173224
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0902250
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02227725
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02048890
IRS990/TravelGrp/ProgramServicesAmt01050
IRS990/TravelGrp/TotalAmt01050
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02227725
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02048890
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR GOLDSMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07182642931
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT SCHOOL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0522367785
ReturnHeader/Filer/PhoneNum07182642931
ReturnHeader/Filer/USAddress/AddressLine1Txt0187-30 GRAND CENTRAL PARKWAY
ReturnHeader/Filer/USAddress/CityNm0JAMAICA ESTATES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011432
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271293455
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KENNETH GACH CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 E ERIE ST STE 2N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLAUVELT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010913
ReturnHeader/PreparerPersonGrp/PhoneNum08453981181
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH GACH CPA
ReturnHeader/ReturnTs02015-11-13T12:53:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$0.33$0.21$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$0.24$0.33$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$0.51$0.52$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.72$0.36$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.76$0.75$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.45$0.68$1.77$0.75$0.94$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.85$0.69$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.91$1.01$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.92$1.06$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$0.90$1.08$0.18
2013Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.91$1.36$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.00$2.67$0.84
2011Summary only. Only limited summary data is available for this year.$2.72$0.00$2.72$0.70$0.36$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.00$2.39$0.20