Sommer Foundation
- Assets
- $202.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elmhurst, IL
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 36-4219175
Organization Overview
Sommer Foundation is located in Elmhurst, IL. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sommer Foundation 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, Sommer Foundation generated $89.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $51.0k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE SOMMER FOUNDATION PROVIDES SCHOLARSHIPS TO DESERVING COLLEGE BOUND SENIORS WHO HAVE EXPERIENCED THE DEATH OF A PARENT YET HAVE PERFORMED IN AN EXEMPLARY MANNER DURING HIS OR HER HIGH SCHOOL CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Cardella Board Member | 2 | $0 | |
Joseph Cavallaro Board Member | 2 | $0 | |
Mike Laux Board Member | 2 | $0 | |
Bridget Colleran Board Member | 2 | $0 | |
Robert Irvin Emeritus Member | 2 | $0 | |
Robert R Kiely Emeritus Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,385 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $77 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$10,005 |
| Other Revenue | $0 |
| Total Revenue | $89,457 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,045 |
| Total expenses | $51,045 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $202,875 |
| Other assets | $0 |
| Total assets | $202,875 |
| Total liabilities | $0 |
| Net assets or fund balances | $202,875 |