Summer Fund Ii
- Assets
- $2.4m
- Revenue
- $58.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 14-1919035
Organization Overview
Summer Fund Ii is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summer Fund Ii is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Summer Fund Ii generated $58.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $295.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Summer Fund Ii has awarded 38 individual grants totaling $379,770. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Meyer President/director | 1 | $0 | |
Marc Weiss Secretary/director | 1 | $0 | |
David Harris Director | 1 | $0 | |
Hildy Karp Till 11123 Director | 1 | $0 | |
Michael Mcquinn Vice President | 1 | $0 | |
Lauren K Macdonald Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,082 |
| Dividends & Interest | $56,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$82,364 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,285 |
| Total Revenue | $58,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,911 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,692 |
| Total operating and administrative expenses | $199,021 |
| Contributions, gifts, grants paid | $96,000 |
| Total expenses and disbursements | $295,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,691 |
| Savings and temporary cash investments | $235,649 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $287,983 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,377,859 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,041 |
| Total liabilities | $10,041 |
Grants Awarded
Over the last fiscal year, Summer Fund Ii has awarded $96,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
APPALSHOP PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $2,500 |
COLOR OF CHANGE EDUCATION FUND PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $10,000 |
CENTER FOR CONSTITUTIONAL RIGHTS PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $30,000 |
BRENNAN CENTER FOR JUSTICE PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $20,000 |
CROSSROADS FUND PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $12,500 |
FOUNDATION FOR SOUTH ORANGE PUBLIC LIBRARY PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $2,500 |