Summit Legacy Foundation Inc
- Assets
- $11.0m
- Revenue
- $598.3k
- Investments
- $951.4k
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- Data as of
- 12/2022
- EIN
- 87-1143126
Organization Overview
Summit Legacy Foundation Inc is located in Fort Wayne, IN. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Legacy 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 12/2022, Summit Legacy Foundation Inc generated $598.3k in total revenue. All expenses for the organization totaled $424.1k during the year ending 12/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Harter Director | 1 | $0 | |
Jeremy Senk Director | 1 | $0 | |
Jeanne Longsworth Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $231,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $367,042 |
| Capital Gain Net Income | $59,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $6 |
| Other Income | $0 |
| Total Revenue | $598,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $170,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $177,130 |
| Contributions, gifts, grants paid | $247,000 |
| Total expenses and disbursements | $424,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $396,967 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $9,674,046 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,022,420 |
| 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, Summit Legacy Foundation Inc has awarded $247,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF GREATER FORT WAYNE PURPOSE: TO SUPPORT THE COMMUNITY FOUNDATION IN THEIR GOAL OF IMPROVING THE LIVES OF EVERYONE IN THE FORT WAYNE AREA. | $112,000 |
NOBLE COUNTY COMMUNITY FOUNDATION INC PURPOSE: TO SUPPORT THE GOAL OF IMPROVING THE QUALITY OF LIFE IN NOBLE COUNTY BY SERVING AS A CATALYST FOR POSITIVE CHANGE. | $25,000 |
FOSTER PARK LITTLE LEAGUE INC PURPOSE: TO SUPPORT THE LEAGUE WITH PURCHASE OF EQUIPMENT AND SCHOLARSHIPS. | $5,000 |
FRIENDS OF THE RIVERS INC PURPOSE: TO SUPPORT THE GOAL OF ELEVATING THE IMPORTANCE OF FRIENDS OF THE RIVERS IN THE COMMUNITY OF FORT WAYNE. | $5,000 |
NOBLE TRAILS INC PURPOSE: TO SUPPORT THE GOAL OF THE DEVELOPMENT OF TRAILS AND CONNECTING THE COMMUNITY. | $75,000 |
HARRY CHAPIN FOOD BANK OF SOUTHWEST FLORIDA INC PURPOSE: TO SUPPORT THE GOAL OF AIDING THE COMMUNITY IN THE FIGHT AGAINST HUNGER. | $25,000 |