Sumers Family Foundation
- Assets
- $794.3k
- Revenue
- $25.4k
- Investments
- $549.5k
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 47-1422170
Organization Overview
Sumers Family Foundation is located in Pacific Palisades, CA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sumers Family 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, Sumers Family Foundation generated $25.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (40.4%) each year. All expenses for the organization totaled $10.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sumers Family Foundation has awarded 25 individual grants totaling $1,420,895. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary M Sumers Director; President | 2 | $0 | |
Sidney N Herman Director; Secretary & Treasurer | 2 | $0 | |
George Gaines Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,695 |
| Dividends & Interest | $14,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $150 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $244,806 |
| 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 | $549,513 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $794,319 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sumers Family Foundation has awarded $24,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
A PURPOSEFUL RESCUE INC PURPOSE: PROGRAM SUPPORT | $5,000 |
ALL ABOUT LABS INC PURPOSE: PROGRAM SUPPORT | $1,500 |
PRAIRIE CULTURAL COMMONS PURPOSE: PROGRAM SUPPORT | $10,000 |
QUEEN OF THE VALLEY MEDICAL CENTER FOUNDATION PURPOSE: PROGRAM SUPPORT | $1,000 |
WOMEN'S PRISON ASSOCIATION AND HOME PURPOSE: PROGRAM SUPPORT | $2,000 |
I STAND WITH MY PACK INC PURPOSE: PROGRAM SUPPORT | $5,000 |