Summers Foundation Inc
- Assets
- $1.9m
- Revenue
- $401.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-5097430
Organization Overview
Summers Foundation Inc is located in Rochester, NY. The organization was established in 2015. 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. Summers 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.
Since 2016, Summers Foundation Inc has awarded 209 individual grants totaling $4,984,389. 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 |
|---|---|---|---|
John M Summers President & Treasurer | 2 | $0 | |
Kenneth A Marvald Vice President | 2 | $0 | |
Sandra Parker Director | 2 | $0 | |
Todd D Summers Director | 2 | $0 | |
Douglas J Summers Vice President | 2 | $0 | |
Susan L Conrado Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $368,569 |
| Interest on Savings | $5,442 |
| Dividends & Interest | $39,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,820 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $547 |
| Total Revenue | $401,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $71,732 |
| Printing and publications | $0 |
| Other expenses | $24,039 |
| Total operating and administrative expenses | $192,848 |
| Contributions, gifts, grants paid | $349,740 |
| Total expenses and disbursements | $542,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $316,352 |
| 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 | $955 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $673,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $275,408 |
| Total assets | $1,871,368 |
| 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 | $50,000 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, Summers Foundation Inc has awarded $349,740 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALLENDALE COLUMBIA SCHOOL PURPOSE: GENERAL FUND CONTRIBUTION | $591 |
COTUIT CTR FOR THE ARTS PURPOSE: GENERAL FUND CONTRIBUTION | $2,000 |
CDS WOLF FOUNDATION PURPOSE: GENERAL FUND CONTRIBUTION | $10,000 |
EASTERN SERVICE WORKS ASSOCIATION PURPOSE: GENERAL FUND CONTRIBUTION | $6,000 |
HOMESTEADS FOR HOPE PURPOSE: GENERAL FUND CONTRIBUTION | $5,000 |
HUGS FOUNDATION INC PURPOSE: GENERAL FUND CONTRIBUTION | $5,000 |