Totals
- Total revenue
- $241,691
- Total expenses
- $241,242
- Contributions and grants received
- $208,561
- Grants paid
- $121,318
- Program service revenue
- $0
- Investment income
- $18,949
- Other revenue
- $14,181
- Total assets, end of year
- $1,427,693
- Total liabilities, end of year
- $137,283
- Net assets or fund balances, end of year
- $1,290,410
- Program services expenses (Part IX)
- $141,260
- Management and general expenses
- $14,350
- Fundraising expenses
- $85,632
- Program service expenses (Part III)
- $141,260
Program services were 58.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$113,210
-
1f · All other contributions, gifts and grants
$95,351
-
3 · Investment income
total $18,949 · excluded $18,949
-
8a · Fundraising events: gross income
$65,693
-
8a · Fundraising events: contributions included on line 1c
$113,210
-
8b · Fundraising events: direct expenses
$51,512
-
8c · Net income from fundraising events
total $14,181 · excluded $14,181
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $121,318 · program services $121,318
-
11a · Fees: management
total $96,268 · management and general $10,636 · fundraising $85,632
-
11g · Fees: other
total $19,942 · program services $19,942
-
19 · Conferences, conventions and meetings
total $3,439 · management and general $3,439
-
24a · Other expenses: OTHER
total $275 · management and general $275
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $416,637 · end of year $423,899
-
3 · Pledges and grants receivable
beginning of year $25,001 · end of year $35,501
-
9 · Prepaid expenses and deferred charges
beginning of year $11,784 · end of year $4,870
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $855,168 · end of year $963,423
-
17 · Accounts payable and accrued expenses
beginning of year $14,061 · end of year $114,229
-
19 · Deferred revenue
beginning of year $83,522 · end of year $23,054
-
27 · Net assets without donor restrictions
beginning of year $666,542 · end of year $732,896
-
28 · Net assets with donor restrictions
beginning of year $544,465 · end of year $557,514
Mission and programs · 2022
Mission
TO PROVIDE SUPPORT SERVICES PRIMARILY TO THE SUMMIT CENTER, INC., AS WELL AS TO SUPPORT OTHER ORGANIZATIONS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES.
Activities or mission (Part I)
TO PROVIDE SUPPORT SERVICES PRIMARILY TO THE SUMMIT CENTER, INC., AS WELL AS TO SUPPORT OTHER ORGANIZATIONS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY OR EDUCATIONAL PURPOSES.
-
SUMMIT FOUNDATION LAUNCHED A $3,700,000 CAPITAL CAMPAIGN IN 2016 TO SUPPORT THE RENOVATION AND EXPANSION OF THE SUMMIT CENTER, INC.'S CAMPUS. THIS GOAL HAS NOW BEEN INCREASED TO $4,100,000.
Expenses $141,260 · Grants $121,318
As filed on the 2022 return.
Listed in Part VII
-
Lisa A FotiLISA A FOTI
TREASURER
- Total calculated
- $209,504
- From this org
- $0
- From related orgs
- $193,785
- Other
- $15,719
- Hours/week
- 2 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $193,785 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,518 related
- Nontaxable benefits
- $0 + $6,201 related
- Filer's total
- $0 + $209,504 related
-
Thomas RoseneckerTHOMAS ROSENECKER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Joseph BrownJOSEPH BROWN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Neil ArnoldNEIL ARNOLD
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gerry CornishGERRY CORNISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dave AstonDAVE ASTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephen NicholsonSTEPHEN NICHOLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andy RyanANDY RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cindy DemartiCINDY DEMARTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kent KeatingKENT KEATING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charles StodolkaCHARLES STODOLKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tinika DandridgeTINIKA DANDRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janice LarsonJANICE LARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dave ZolnowskiDAVE ZOLNOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephen R AndersonSTEPHEN R ANDERSON
CONSULTANT
- Total calculated
- $312,460
- From this org
- $0
- From related orgs
- $283,424
- Other
- $29,036
- Hours/week
- 2 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $283,424 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $13,992 related
- Nontaxable benefits
- $0 + $15,044 related
- Filer's total
- $0 + $312,460 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART 1, LINE 3
- LISA A. FOTI IS ALSO THE CFO OF THE SUMMIT CENTER, INC. A RELATED NON-PROFIT ENTITY. STEPHEN R. ANDERSON IN HIS CAPACITY IS RESPONSIBLE FOR MANAGING THE ADMINISTRATIVE ACTIVITES OF THE SUMMIT FOUNDATION, INC. HIS COMPENSATION IS SUPPORTED BY A SEPARATE CONSULTING AGREEMENT APPROVED BY THE BOARD OF DIRECTORS. STEPHEN ANDERSON IS ALSO THE CEO OF THE SUMMIT CENTER, INC. A RELATED NON-PROFIT ENTITY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$121,318
CAMPUS RENOVATIONS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SERVICES · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421309349303317
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