Civic Intelligence

Summers Foundation

990 • Fiscal year 2023 • EIN 75-2851505

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

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

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

2nd percentile

-234%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

406%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$43

Flat from 2023

Net Assets

Flat

$43

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Flat

$804,556

Flat from 2023

Expenses

Flat

$2,690,723

Flat from 2023

Net Income

Flat

-$1,886,167

Flat from 2023

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: $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 2023: $43Liabilities 2023: $0Net Assets 2023: $432023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2023

Assets$43
Liabilities$0
Net Assets$43

Operations Trend

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: -$1,886,1672023Revenue 2023: $804,556Expenses 2023: $2,690,723Net Income 2023: -$1,886,1672023Expenses 2024: $432024

Highlighted filing

2023

Revenue$804,556
Expenses$2,690,723
Net Income-$1,886,167
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$2,650,981
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
Investments in Publicly Traded Securities$1,838,862--
Accounts Receivable$1,477--
Cash and Non-Interest-Bearing Accounts$45,871$43▼ $45,828
Rtn Earn Endowment Incm Other Fnds$1,886,210$43▼ $1,886,167
Total Assets$1,886,210$43▼ $1,886,167
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,886,210$43▼ $1,886,167
Total Liabilities and Net Assets / Fund Balance$1,886,210$43▼ $1,886,167
Compensation and Service Providers

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
$804,556
Other Revenue
$0
Change in Net Assets
$-1,886,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,660,944
Other Expenses$29,779
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,660,944--$2,660,944
Fees for Service Investment Mgmnt Fees-$15,924-$15,924
Fees for Services Legal-$7,134-$7,134
Fees for Services Accounting-$6,690-$6,690
Other Expenses-$31-$31
Total Functional Expenses$2,660,944$29,779$0$2,690,723
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Renaissance Charitable FoundationIndianapolis, IN501c3General Support$1,938,759
East Texas Communities FoundationTyler, TX501c3East Texas Fund$275,000
First Presbyterian Church ofPalestine, TX501c3Youth Education$40,000
The Rotary Foundation of RotaryEvanston, IL501c3Promote Literacy$30,000
First Presbyterian Church ofPalestine, TX501c3Youth Education$24,578
Palestine YmcaPalestine, TX501c3Health Promotion$20,000
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 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
2024-11-12
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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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0VARIOUS STOCKS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0YOUTH EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1YOUTH EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EAST TEXAS FUND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PROMOTE LITERACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4HEALTH PROMOTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FIRST PRESBYTERIAN CHURCH OF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FIRST PRESBYTERIAN CHURCH OF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2EAST TEXAS COMMUNITIES FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3THE ROTARY FOUNDATION OF ROTARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4PALESTINE YMCA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5RENAISSANCE CHARITABLE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0PALESTINE - BOY SCOUT TROOP 440
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt1PALESTINE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt2INTERNATIONAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt3INC
IRS990ScheduleI/RecipientTable/RecipientEIN0751248217
IRS990ScheduleI/RecipientTable/RecipientEIN1751248217
IRS990ScheduleI/RecipientTable/RecipientEIN2752309138
IRS990ScheduleI/RecipientTable/RecipientEIN3363245072
IRS990ScheduleI/RecipientTable/RecipientEIN4750975622
IRS990ScheduleI/RecipientTable/RecipientEIN5352129262
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0410 AVENUE A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1410 AVENUE A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22212 WEST REAGAN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31560 SHERMAN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt45500 N LOOP 256
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt58910 PURDUE ROAD SUITE 555
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PALESTINE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PALESTINE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2TYLER
IRS990ScheduleI/RecipientTable/USAddress/CityNm3EVANSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4PALESTINE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075801
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd175801
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd275702
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd360201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd475801
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd546268
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATIONS BOARD MEMBERS ALSO SERVE ON THE GRANTEES BOARDS OR ARE MEMBERS OF THE RECIPIENT ORGANZIATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990ScheduleI/Total501c3OrgCnt06
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1MARKETABLE SECURITIES
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0RENAISSANCE CHARITABLE FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1RENAISSANCE CHARITABLE FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine2Txt0INC
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine2Txt1INC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02023-09-14
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12023-09-14
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0352129262
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1352129262
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt01938759
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt1327607
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0ACTUAL
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1COMPARABLE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt08910 PURDUE ROAD SUITE 555
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt18910 PURDUE ROAD SUITE 555
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1INDIANAPOLIS
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0IN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1IN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd046268
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd146268
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A. HUGH SUMMERS AHNISE SUMMERS PRESIDENT SECR/TREAS HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE FORM 990 AT A SCHEDULED MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01886210
IRS990/TotalAssetsEOYAmt043
IRS990/TotalAssetsGrp/BOYAmt01886210
IRS990/TotalAssetsGrp/EOYAmt043
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029779
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02660944
IRS990/TotalFunctionalExpensesGrp/TotalAmt02690723
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01886210
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt043
IRS990/TotalProgramServiceExpensesAmt02660944
IRS990/TotalRevenueGrp/ExclusionAmt0804556
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0804556
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01886210
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt043
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1399
IRS990/USAddress/CityNm0PALESTINE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075802
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0A HUGH SUMMERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09037292128
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.80$2.69$1.89
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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