Civic Intelligence

Summers Foundation

990 • Fiscal year 2020 • EIN 75-2851505

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
PO Box 1399Palestine, TX 75802

(903) 729-2128

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.8%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

139%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$1,851,011

Down $53,252 (-2.8%) from 2019

Net Assets

Down

$1,851,011

Down $53,252 (-2.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin17th percentile

Revenue

Up

$294,464

Up $171,220 (+139%) from 2019

Expenses

Up

$347,716

Up $5,456 (+1.6%) from 2019

Net Income

Up

-$53,252

Up $165,764 (+76%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,898,317Liabilities 2010: $0Net Assets 2010: $1,898,3172010Assets 2011: $1,904,019Liabilities 2011: $0Net Assets 2011: $1,904,0192011Assets 2012: $1,933,307Liabilities 2012: $0Net Assets 2012: $1,933,3072012Assets 2013: $1,900,310Liabilities 2013: $0Net Assets 2013: $1,900,3102013Assets 2014: $1,995,755Liabilities 2014: $0Net Assets 2014: $1,995,7552014Assets 2015: $2,040,263Liabilities 2015: $0Net Assets 2015: $2,040,2632015Assets 2016: $2,102,855Liabilities 2016: $0Net Assets 2016: $2,102,8552016Assets 2017: $2,058,836Liabilities 2017: $0Net Assets 2017: $2,058,8362017Assets 2018: $2,123,279Liabilities 2018: $0Net Assets 2018: $2,123,2792018Assets 2019: $1,904,263Liabilities 2019: $0Net Assets 2019: $1,904,2632019Assets 2020: $1,851,011Liabilities 2020: $0Net Assets 2020: $1,851,0112020Assets 2021: $1,771,806Liabilities 2021: $0Net Assets 2021: $1,771,8062021Assets 2022: $1,886,210Liabilities 2022: $0Net Assets 2022: $1,886,2102022Assets 2023: $43Liabilities 2023: $0Net Assets 2023: $432023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2020

Assets$1,851,011
Liabilities$0
Net Assets$1,851,011
Open 2020 Filing

Operations Trend

Revenue Growth95th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2010: -$94,188Expenses 2010: $76,879Net Income 2010: -$171,0672010Revenue 2011: $59,161Expenses 2011: $53,459Net Income 2011: $5,7022011Revenue 2012: $97,668Expenses 2012: $68,380Net Income 2012: $29,2882012Revenue 2013: $89,514Expenses 2013: $122,511Net Income 2013: -$32,9972013Revenue 2014: $256,076Expenses 2014: $160,631Net Income 2014: $95,4452014Revenue 2015: $204,942Expenses 2015: $160,434Net Income 2015: $44,5082015Revenue 2016: $119,245Expenses 2016: $56,653Net Income 2016: $62,5922016Revenue 2017: $180,982Expenses 2017: $225,001Net Income 2017: -$44,0192017Revenue 2018: $281,808Expenses 2018: $217,365Net Income 2018: $64,4432018Revenue 2019: $123,244Expenses 2019: $342,260Net Income 2019: -$219,0162019Revenue 2020: $294,464Expenses 2020: $347,716Net Income 2020: -$53,2522020Revenue 2021: $551,151Expenses 2021: $630,356Net Income 2021: -$79,2052021Revenue 2022: $158,980Expenses 2022: $44,576Net Income 2022: $114,4042022Revenue 2023: $804,556Expenses 2023: $2,690,723Net Income 2023: -$1,886,1672023Expenses 2024: $432024

Highlighted filing

2020

Revenue$294,464
Expenses$347,716
Net Income-$53,252
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$611,062
Mission and Program Overview

Mission

The summers foundation is organized exclusively for the benefit of several section 501(c)(3) organizations in and around anderson county, texas.

Support of certain section 501(c)(3) organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,904,263$1,851,011▼ $53,252
Investments Other Securities$1,876,477$1,792,945▼ $83,532
Cash and Non-Interest-Bearing Accounts$27,239$57,287▲ $30,048
Accounts Receivable$547$779▲ $232
Total Assets$1,904,263$1,851,011▼ $53,252
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,904,263$1,851,011▼ $53,252
Total Liabilities and Net Assets / Fund Balance$1,904,263$1,851,011▼ $53,252

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,792,945--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
A Hugh SummersPresident
Ahnise V SummersSecretary/tr
Geraldine IveyVice Preside
Haywood L Harris JrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$294,464
Other Revenue
$0
Change in Net Assets
$-53,252

Audited Revenue Reconciliation

Revenue per Audited Statements
$294,464
Total Revenue per Audited Statements
$294,464
Total Revenue per Form 990
$294,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$325,000
Other Expenses$22,716
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$325,000--$325,000
Fees for Service Investment Mgmnt Fees-$16,173-$16,173
Fees for Services Accounting-$6,000-$6,000
Other Expenses-$543-$543
Total Functional Expenses$325,000$22,716$0$347,716

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$347,716
Total Expenses per Audited Statements$347,716
Total Expenses per Form 990$347,716
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
East Texas Communities FoundationTyler, TX-East Texas Fund$205,000
First Presbyterian Church ofPalestine, TX-Youth Education$40,000
Palestine Rotary FoundationPalestine, TX-Youth Education$30,000
Ut Md Anderson Cancer CenterHouston, TX-Medical Research$20,000
Cartmell Home for the Aged & OrphanPalestine, TX-Building Fund$10,000
The Stockpot of Palestine IncPalestine, TX-Community Help$8,000
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
Business relationship with 35% controlled entity
No
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 2

“A. Hugh summers ahnise summers president secr/treas husband and wife”

Form 990, Page 6, Part VI, Line 8B

“NOT APPLICABLE”

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

“The board reviews the form 990 at a scheduled meeting prior to filing.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Summers Foundation
EIN
75-2851505
Phone
9037292128
Address
PO BOX 1399, PALESTINE, TX 75802

Signing Officer

Name
A Hugh Summers
Title
President
Phone
9037292128
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Hugh Summers
Formed
1999
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Bolton Sullivan Taylor & Weber Llp
Address
1023 N MALLARD, PALESTINE, TX 75801
Preparer
Larry J Weber
Phone
9037292229
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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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6PALESTINE ROTARY FOUNDATION
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt2PALESTINE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt3SACRED HEART CATHOLIC CHURCH
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0PUBLICLY TRADED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueSubtotalAmt0294464
IRS990ScheduleD/TotalBookValueSecuritiesAmt01792945
IRS990ScheduleD/TotalExpensesPerForm990Amt0347716
IRS990ScheduleD/TotalRevenuePerForm990Amt0294464
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0294464
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0347716
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IRS990ScheduleI/RecipientTable/CashGrantAmt040000
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt3205000
IRS990ScheduleI/RecipientTable/CashGrantAmt430000
IRS990ScheduleI/RecipientTable/CashGrantAmt520000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0YOUTH EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1COMMUNITY HELP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2BUILDING FUND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3EAST TEXAS FUND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4YOUTH EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5MEDICAL RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FIRST PRESBYTERIAN CHURCH OF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE STOCKPOT OF PALESTINE INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CARTMELL HOME FOR THE AGED & ORPHAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3EAST TEXAS COMMUNITIES FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4PALESTINE ROTARY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5UT MD ANDERSON CANCER CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0PALESTINE - BOY SCOUT TROOP 440
IRS990ScheduleI/RecipientTable/RecipientEIN0751248217
IRS990ScheduleI/RecipientTable/RecipientEIN1752144079
IRS990ScheduleI/RecipientTable/RecipientEIN2030383843
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3315 N BROADWAY AVE STE 210
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 612
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO BOX 310439
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IRS990ScheduleI/RecipientTable/USAddress/CityNm4PALESTINE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5HOUSTON
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5TX
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd175801
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A. HUGH SUMMERS AHNISE SUMMERS PRESIDENT SECR/TREAS HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE FORM 990 AT A SCHEDULED MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01851011
IRS990/TotalAssetsGrp/BOYAmt01904263
IRS990/TotalAssetsGrp/EOYAmt01851011
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022716
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347716
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01851011
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IRS990/TotalRevenueGrp/ExclusionAmt0294464
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01851011
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IRS990/USAddress/CityNm0PALESTINE
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IRS990/USAddress/ZIPCd075802
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0A HUGH SUMMERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09037292128
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMERS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0752851505
ReturnHeader/Filer/PhoneNum09037292128
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1399
ReturnHeader/Filer/USAddress/CityNm0PALESTINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075802
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751188801
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOLTON SULLIVAN TAYLOR & WEBER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01023 N MALLARD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALESTINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075801
ReturnHeader/PreparerPersonGrp/PhoneNum09037292229
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY J WEBER
ReturnHeader/ReturnTs02021-11-15T10:39:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HUGH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SUMMERS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,851,011
Liabilities
$0
Net assets
$1,851,011
Revenue
$294,464
Expenses
$347,716
Net income
-$53,252
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00
2023Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.80$2.69$1.89
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.00$1.89$0.16$0.04$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.00$1.77$0.55$0.63$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$0.29$0.35$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.00$1.90$0.12$0.34$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.00$2.12$0.28$0.22$0.06
2017Summary only. Only limited summary data is available for this year.$2.06$0.00$2.06$0.18$0.23$0.04
2016Summary only. Only limited summary data is available for this year.$2.10$0.00$2.10$0.12$0.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.20$0.16$0.04
2014Summary only. Only limited summary data is available for this year.$2.00$0.00$2.00$0.26$0.16$0.10
2013Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.09$0.12$0.03
2012Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$0.10$0.07$0.03
2011Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.06$0.05$0.01
2010Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.09$0.08$0.17