Summerfield Foundation
- Assets
- $1.0m
- Revenue
- $32.9k
- Investments
- $780.1k
- Employees
- 0
- Location
- Santa Fe Springs, CA
- Founding
- 12/1983
- Data as of
- 12/2017
- EIN
- 95-3846842
Organization Overview
Summerfield Foundation is located in Santa Fe Springs, CA. The organization was established in 1983. 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. Summerfield 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 12/2017, Summerfield Foundation generated $32.9k 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 (49.5%) each year. All expenses for the organization totaled $66.4k during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Summerfield Fndtn Mgr | 4 | $0 | |
Thomas W Summerfield Fndtn Mgr | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000 |
| Interest on Savings | $193 |
| Dividends & Interest | $24,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $56 |
| Other expenses | $0 |
| Total operating and administrative expenses | $175 |
| Contributions, gifts, grants paid | $66,248 |
| Total expenses and disbursements | $66,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $221,764 |
| 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 | $33,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,001,887 |
| 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, Summerfield Foundation has awarded $66,248 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: MEDICAL RESEARCH | $1,000 |
CAL STATE FULLERTON PURPOSE: EDUCATION | $7,125 |
SAINT JOSEPH HOSPITAL PURPOSE: MEDICAL ASSISTANCE | $10,000 |
NEWPORT BAY CONSERVANCY PURPOSE: CONSERVATION | $200 |
ORANGE COUNTY HS OF ARTS PURPOSE: EDUCATIONAL | $100 |
FRIENDS OF THE USC LIBRARIES PURPOSE: EDUCATIONAL | $100 |