Summerlee Foundation
- Assets
- $74.2m
- Revenue
- $6.1m
- Investments
- $71.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 75-2252355
Organization Overview
Summerlee Foundation is located in Dallas, TX. The organization was established in 1988. 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. Summerlee 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 06/2022, Summerlee Foundation generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Summerlee Foundation has awarded 303 individual grants totaling $4,262,769. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
EXPENSES ASSOCIATED WITH OPERATING COTTLE RANCH, A 316 ACRE RANCH THAT HOUSES THE FOUNDATION'S EQUINE POPULATION IN COTTLE COUNTY, TEXAS.
ANIMAL PROTECTION PROGRAM: THE SUMMERLEE FOUNDATION PROGRAM DIRECTOR FOR ANIMAL PROTECTION PARTICIPATES IN DIRECT CHARITABLE ACTIVITIES THROUGH A PROCESS OF COLLABORATING, CONVENING, CONNECTING, AND COUNSELING. THESE ACTIVITIES SERVE TO FOSTER AND ADVANCE ANIMAL WELFARE AND ANIMAL PHILANTHROPY. THE PROGRAM DIRECTOR FOR THE ANIMAL PROTECTION PROGRAM CONTINUED TO WORK WITH OTHER ANIMAL GRANTMAKING INDIVIDUALS AND INSTITUTIONS WITH ADVICE, SHARING OF KNOWLEDGE AND COLLABORATION STRATEGIES.
THE TEXAS HISTORY PROGRAM OF THE SUMMERLEE FOUNDATION OFFERS OUTREACH SUPPORT TO THE TEXAS HISTORY COMMUNITY THROUGH A WIDE VARIETY OF PROFESSIONAL ACTIVITIES RANGING FROM ARCHEOLOGY TO PRESERVATION TO PUBLICATIONS.IN ADDITION TO OVERSEEING AN EXTENSIVE RESEARCH LIBRARY FOCUSING ON TEXAS AND SOUTHERN HISTORY, THE PRESIDENT AND TEXAS HISTORY PROGRAM OFFICER IS CHARGED WITH PROVIDING TECHNICAL ASSISTANCE TO A BROAD GROUP OF PRESERVATION AND HISTORY ORGANIZATIONS THROUGH TELEPHONIC AND EMAIL CONVERSATIONS AS WELL AS ONSITE INVESTIGATIONS. THE FOUNDATION ALSO SPONSORS OR CO-SPONSORS WORKSHOPS AND SEMINARS TO BOARDS AND STAFFS OF HISTORICAL ORGANIZATIONS. THE PRESIDENT IS A FREQUENT SPEAKER AT LOCAL, STATE, AND NATIONAL PROFESSIONAL CONFERENCES, TOUTING THE BENEFITS OF BETTER GOVERNANCE, BETTER PLANNING, AND THE NEED FOR FINANCIAL SUSTAINABILITY WITH HISTORY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary N Smith President/tx History Program Director | 40 | $169,966 | |
Mitchell Fox Animal Program Direc | 40 | $78,716 | |
Melanie K Anderson Director | 5 | $73,524 | |
Amy Askari Director Of Administ | 40 | $73,300 | |
John W Crain Chairman Of The Board | 5 | $0 | |
Mary Volcansek PHD Vice Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $861,130 |
| Net Rental Income | $16,460 |
| Net Gain on Sale of Assets | $2,038,970 |
| Capital Gain Net Income | $2,039,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,194,969 |
| Total Revenue | $6,129,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $296,092 |
| Other employee salaries and wages | $152,016 |
| Pension plans, employee benefits | -$9,688 |
| Interest | $0 |
| Taxes | $67,577 |
| Depreciation | $34,535 |
| Occupancy | $91,841 |
| Travel, conferences, and meetings | $33,975 |
| Printing and publications | $0 |
| Other expenses | $260,942 |
| Total operating and administrative expenses | $1,183,574 |
| Contributions, gifts, grants paid | $2,849,133 |
| Total expenses and disbursements | $4,032,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37 |
| Savings and temporary cash investments | $212,813 |
| 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 | $33,678 |
| Net Investments - land, buildings, equipment | $839,089 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,956,772 |
| Net Land, buildings, and equipment | $707,030 |
| Other assets | $646,066 |
| Total assets | $74,165,879 |
| Accounts payable and accrued expenses | $52,476 |
| Grants payable | $373,964 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $801,556 |
| Total liabilities | $1,227,996 |
Grants Awarded
Over the last fiscal year, Summerlee Foundation has awarded $2,834,133 in support to 165 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: GENERAL SUPPORT | $195,000 |
SOUTHERN PLAINS LAND TRUST INCORPORATED PURPOSE: GENERAL SUPPORT | $150,000 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $150,000 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $125,000 |
TEXAS STATE HISTORICAL ASSOCIATION PURPOSE: GENERAL SUPPORT | $112,500 |
Seattle, WA PURPOSE: GENERAL SUPPORT | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |