The Sumner Family Foundation Inc
- Assets
- $139.4m
- Revenue
- $7.1m
- Investments
- $137.1m
- Employees
- 0
- Location
- Califon, NJ
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 47-4017008
Organization Overview
The Sumner Family Foundation Inc is located in Califon, NJ. The organization was established in 2016. 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. Sumner Family Foundation Inc 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, Sumner Family Foundation Inc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.5% each year .
Since 2021, Sumner Family Foundation Inc has awarded 53 individual grants totaling $7,269,500. 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 |
|---|---|---|---|
Gary Prince Trustee | 1 | $0 | |
Aria D Pardilla Trustee | 1 | $0 | |
Peter Olsen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,242,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,081 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,890,845 |
| Total Revenue | $7,123,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $193,269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,449 |
| Total operating and administrative expenses | $319,518 |
| Contributions, gifts, grants paid | $3,111,000 |
| Total expenses and disbursements | $3,430,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,314,261 |
| 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 | $137,100,175 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $139,414,436 |
| 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, The Sumner Family Foundation Inc has awarded $3,111,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AHS HOSPITAL PURPOSE: GENERAL SUPPORT | $150,000 |
AUTHORS LEAGUE FUND PURPOSE: GENERAL SUPPORT | $30,000 |
BAIL PROJECTS INC PURPOSE: GENERAL SUPPORT | $300,000 |
COMMUNITY FOOD BANK OF NJ PURPOSE: GENERAL SUPPORT | $550,000 |
DATAKIND INC PURPOSE: GENERAL SUPPORT | $10,000 |
FREEDOM HOUSE PURPOSE: GENERAL SUPPORT | $75,000 |