Civic Intelligence

Summit School Foundation Inc.

990 • Fiscal year 2017 • EIN 52-2367785

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 09, 2018

Organization ProfileN/A
187-30 Grand Central ParkwayJamaica, 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.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.00x

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$54,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

58th percentile

8.4%

Faster asset growth than 58% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-6.9%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,964,714

Up $152,252 (+8.4%) from 2016

Net Assets

Up

$1,964,714

Up $152,252 (+8.4%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin78th percentile

Revenue

Down

$845,027

Down $62,738 (-6.9%) from 2016

Expenses

Down

$692,775

Down $318,299 (-31%) from 2016

Net Income

Up

$152,252

Up $255,561 (+247%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

2017

Assets$1,964,714
Liabilities$0
Net Assets$1,964,714
Open 2017 Filing

Operations Trend

Revenue Growth20th percentile

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

2017

Revenue$845,027
Expenses$692,775
Net Income$152,252
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 9, 2018
Return Version
2017v2.3
Gross Receipts
$845,027
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
Savings and Temporary Cash Investments-$1,305,393-
Cash and Non-Interest-Bearing Accounts$1,812,462$659,321▼ $1,153,141
Total Assets$1,812,462$1,964,714▲ $152,252
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,812,462$1,964,714▲ $152,252
Total Net Assets Fund Balance$1,812,462$1,964,714▲ $152,252
Total Liabilities and Net Assets / Fund Balance$1,812,462$1,964,714▲ $152,252
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard SitmanDirectorPT$54,000$54,000
Bruce GoldsmithDirectorPT$52,200$52,200
John RennerDirectorPT$29,332$29,332
Mayer StiskinDirector-$18,600$18,600

Board Members and Trustees

NameTitle
Brant GoldsmithDirector
Larry LitwackDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$650,584
Program Service Revenue
$0
Investment Income
$15,022
Other Revenue
$179,421
All Other Contributions
$650,584
Change in Net Assets
$152,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$512,348
Other Expenses$180,427
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$512,348--$512,348
Fees for Services Management$154,132--$154,132
Travel$5,975--$5,975
Fees for Services Accounting$3,000--$3,000
Insurance$2,437--$2,437
Office Expenses$2,325--$2,325
Conferences and Meetings$1,350--$1,350
Other Expenses$1,000--$1,000
Total Functional Expenses$692,775$0$0$692,775
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summit SchoolJamaica Estates, NY-Payroll Operating Expense$512,348
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
No
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, Part VI, Line 11B

“Organizations Process to Review Form 990 Board of Directors review Form 990,”

Form 990, Part VI, Line 19

“Governing Documents Disclosure Explanation Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Summit School Foundation
EIN
52-2367785
Phone
7182642931
Address
187-30 Grand Central Parkway, Jamaica, NY 11432

Signing Officer

Name
Richard Sitman
Title
Director
Signed
2018-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Sitman
Formed
2000
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Kenneth H Gach CPA PC
Address
200 East Erie St, Blauvelt, NY 10913
Preparer
Kenneth H Gach
Phone
8453981181
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“To serve and promote the needs of The Summit School. To assist The Summit School in raising funds for use in furtherance of its educational purposes and to conduct any and all lawful activities which may be useful in accomplishing the foregoing purposes.”

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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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IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To serve and promote the needs of The Summit School. To assist The Summit School in raising funds for use in furtherance of its educational purposes and to conduct any and all lawful activities which may be useful in accomplishing the foregoing purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organizations Process to Review Form 990 Board of Directors review Form 990,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclosure Explanation Documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01812462
IRS990/TotalAssetsEOYAmt01964714
IRS990/TotalAssetsGrp/BOYAmt01812462
IRS990/TotalAssetsGrp/EOYAmt01964714
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0650584
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0692775
IRS990/TotalFunctionalExpensesGrp/TotalAmt0692775
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01812462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01964714
IRS990/TotalProgramServiceExpensesAmt0692775
IRS990/TotalReportableCompFromOrgAmt0154132
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015022
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0845027
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01812462
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01964714
IRS990/TravelGrp/ProgramServicesAmt05975
IRS990/TravelGrp/TotalAmt05975
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01812462
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01964714
IRS990/USAddress/AddressLine1Txt0200 E Erie St Ste 2n
IRS990/USAddress/CityNm0Blauvelt
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010913
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard Sitman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-09
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011432
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D318CF980B9190BE6B8EDF544F4EC019FAD2859E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D318CF980B9190BE6B8EDF544F4EC019FAD2859E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.124.179.172
ReturnHeader/FilingSecurityInformation/IPDt02018-10-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:14:39
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kenneth H Gach CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 East Erie St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Blauvelt
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010913
ReturnHeader/PreparerPersonGrp/PhoneNum08453981181
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kenneth H Gach
ReturnHeader/ReturnTs02018-07-09T12:37:56-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,964,714
Liabilities
$0
Net assets
$1,964,714
Revenue
$845,027
Expenses
$692,775
Net income
$152,252
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