Summit Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $4.0m
- Investments
- $93.8m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 52-1743817
Organization Overview
Summit Charitable Foundation Inc is located in Washington, DC. The organization was established in 1991. 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. Summit Charitable 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 12/2021, Summit Charitable Foundation Inc generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Summit Charitable Foundation Inc has awarded 162 individual grants totaling $10,237,486. 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 |
|---|---|---|---|
Roger Sant Chairman | 5 | $0 | |
Alexis Sant President | 40 | $354,276 | |
Shari Sant Plummer Secretary | 3 | $0 | |
Jason Hicks Treasurer | 8 | $0 | |
Alison Sant Johnson Trustee | 3 | $0 | |
Chrissie Sant Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Explanatory Llc | 12/30/22 | $219,239 |
M&tch Consulting Ltd | 12/30/22 | $94,600 |
Studio Blackburn | 12/30/22 | $66,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,465,347 |
| Interest on Savings | $228,948 |
| Dividends & Interest | $296,088 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,956,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $380,808 |
| Pension plans, employee benefits | $473,522 |
| Depreciation | $167,568 |
| Occupancy | $240,916 |
| Travel, conferences, and meetings | $18,443 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $3,416,614 |
| Contributions, gifts, grants paid | $2,245,614 |
| Total expenses and disbursements | $5,662,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,325 |
| Investments—mortgage loans | $0 |
| Investments—other | $93,831,878 |
| Other assets | $29,058 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $690,472 |
Grants Awarded
Over the last fiscal year, Summit Charitable Foundation Inc has awarded $6,226,495 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
1000 FRIENDS OF FLORIDA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
AIDA PURPOSE: IMPROVING WATER QUALITY/MONTAGUA RIVER | $35,000 |
ASOCIACION DE DESARROLLO SOCIO ECONOMICO INDIGENA BAYAN PURPOSE: HOLISTIC EDUCATION FOR YOUTH | $66,500 |
ASOCIACION GOJOVEN HONDURAS PURPOSE: LET'S TALK ABOUT SEXUAL AND REPRODUCTIVE HEALTH, FOR THE FULL ENJOYMENT OF MY RIGHTS | $82,000 |
ASOCIACION FONDO CENTROAMERICANO DE MUJERES PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
ASOCIACION MINGA PERU PURPOSE: FUNDRAISING AND COMMUNICATIONS FOR THE GOJOVENS AND MEXICO Y CARIBE JOVENES | $8,000 |