Civic Intelligence

Summer Rest Foundation

990PF • Fiscal year 2021 • EIN 56-6534008

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Post Office Box 6527Raleigh, NC 27628-6527

(919) 782-7852

Siviq Scores

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

Liabilities / Assets

86th percentile

0.02x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • NTEE T • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.23x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • NTEE T • $5M-$10M nonprofits • Source year 2021

Net Margin

47th percentile

22%

Higher net margin than 47% of similar nonprofits.

2021 filings • NTEE T • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2021 filings • NTEE T • $5M-$10M nonprofits • Source year 2021

Asset Growth

42nd percentile

2.6%

Faster asset growth than 42% of similar nonprofits.

2021 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

51%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$7,832,713

Up $199,629 (+2.6%) from 2020

Net Assets

Up

$7,686,213

Up $136,887 (+1.8%) from 2020

Liabilities

Up

$146,500

Up $62,742 (+75%) from 2020

Revenue

Up

$623,845

Up $211,507 (+51%) from 2020

Expenses

Down

$486,958

Down $44,310 (-8.3%) from 2020

Net Income

Up

$136,887

Up $255,817 (+215%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,416,447Liabilities 2011: $02011Assets 2012: $6,764,172Liabilities 2012: $253,0002012Assets 2013: $6,279,559Liabilities 2013: $02013Assets 2014: $6,925,973Liabilities 2014: $151,4002014Assets 2015: $7,005,087Liabilities 2015: $194,5332015Assets 2016: $7,209,657Liabilities 2016: $158,508Net Assets 2016: $7,051,1492016Assets 2017: $7,510,362Liabilities 2017: $290,508Net Assets 2017: $7,219,8542017Assets 2018: $7,665,817Liabilities 2018: $172,037Net Assets 2018: $7,493,7802018Assets 2019: $7,956,934Liabilities 2019: $288,678Net Assets 2019: $7,668,2562019Assets 2020: $7,633,084Liabilities 2020: $83,758Net Assets 2020: $7,549,3262020Assets 2021: $7,832,713Liabilities 2021: $146,500Net Assets 2021: $7,686,2132021Assets 2022: $7,387,410Liabilities 2022: $196,400Net Assets 2022: $7,191,0102022Assets 2023: $7,469,573Liabilities 2023: $198,000Net Assets 2023: $7,271,5732023Assets 2024: $7,771,233Liabilities 2024: $268,600Net Assets 2024: $7,502,6332024

Highlighted filing

2021

Assets$7,832,713
Liabilities$146,500
Net Assets$7,686,213

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $460,281Expenses 2011: $327,464Net Income 2011: $132,8172011Revenue 2012: $511,676Expenses 2012: $376,606Net Income 2012: $135,0702012Revenue 2013: $218,429Expenses 2013: $450,042Net Income 2013: -$231,6132013Revenue 2014: $1,047,515Expenses 2014: $471,943Net Income 2014: $575,5722014Revenue 2015: $574,540Expenses 2015: $439,770Net Income 2015: $134,7702015Revenue 2016: $682,452Expenses 2016: $392,800Net Income 2016: $289,6522016Revenue 2017: $678,203Expenses 2017: $454,141Net Income 2017: $224,0622017Revenue 2018: $814,508Expenses 2018: $489,143Net Income 2018: $325,3652018Revenue 2019: $676,512Expenses 2019: $502,036Net Income 2019: $174,4762019Revenue 2020: $412,338Expenses 2020: $531,268Net Income 2020: -$118,9302020Revenue 2021: $623,845Expenses 2021: $486,958Net Income 2021: $136,8872021Revenue 2022: $82,377Expenses 2022: $577,580Net Income 2022: -$495,2032022Revenue 2023: $724,766Expenses 2023: $644,203Net Income 2023: $80,5632023Revenue 2024: $932,215Expenses 2024: $563,714Net Income 2024: $368,5012024

Highlighted filing

2021

Revenue$623,845
Expenses$486,958
Net Income$136,887
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUE M TURNERBoard Chair-$0--
JAY G LOFTIN JRTrustee-$0--
TISH TURNERExecutive Director-$0--
TODD TURNERTreasurer-$0--
GEORGE TURNERTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Summer Rest Foundation
EIN
56-6534008
Phone
9197827852
Address
POST OFFICE BOX 6527, RALEIGH, NC 27628-6527

Signing Officer

Name
Tish Turner
Title
Executive Director
Phone
9197827852
Signed
2022-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Thomas Judy & Tucker Pa
Address
4700 FALLS OF NEUSE ROAD, RALEIGH, NC 27609
Preparer
Caroline P Abbott CPA
Phone
9195717055
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.77$0.27$7.50$0.93$0.56$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.47$0.20$7.27$0.72$0.64$0.08
2022Detailed filing. Detailed filing data is available for this year.$7.39$0.20$7.19$0.08$0.58$0.50
2021Detailed filing. Detailed filing data is available for this year.$7.83$0.15$7.69$0.62$0.49$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.63$0.08$7.55$0.41$0.53$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.96$0.29$7.67$0.68$0.50$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.67$0.17$7.49$0.81$0.49$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.51$0.29$7.22$0.68$0.45$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.21$0.16$7.05$0.68$0.39$0.29
2015Summary only. Only limited summary data is available for this year.$7.01$0.19$0.57$0.44$0.13
2014Summary only. Only limited summary data is available for this year.$6.93$0.15$1.05$0.47$0.58
2013Summary only. Only limited summary data is available for this year.$6.28$0.00$0.22$0.45$0.23
2012Summary only. Only limited summary data is available for this year.$6.76$0.25$0.51$0.38$0.14
2011Summary only. Only limited summary data is available for this year.$6.42$0.00$0.46$0.33$0.13