EIN 22-2871770

Summit Educational Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
1986
Most recent tax filings
2024-06-01
Description
Summit Educational Foundation funds innovative & essential grants to enhance public school education in Summit, NJ through its endowment & annual fund.
Total revenues
$549,362
2024
Total expenses
$708,184
2024
Total assets
$6,988,462
2024
Num. employees
0
2024

Program areas at Summit Educational Foundation

The annual fund of the Summit education Foundation encourages and funds teacher and district-initiated programs that advance the curriculum and district objectives. During the 2023-24 fiscal year, 64 grants totaling $365,012 were awarded from the annual fund. The largest grant awards funded the following initiatives:reflex math - $40,035optimizing potential: enhancing productivity, well-being, and learning preferences through adjustable standing desks - $36,243flexible seating - $24,881building dynamite readers - $22,897decodables for our ells - $15,647
The Summit Educational Foundation funded specific grants with contributions received subject to donor-imposed restrictions.
The endowment fund of the Summit Educational Foundation provides funding for strategic long-term initiatives critical to the health of the district and its ability to provide an excellent Educational experience for its students. The endowment fund was created as a way to ensure future funding to develop new curriculum initiatives and provide professional development to meet the needs of 21st century learners. During the fiscal year ended june 30, 2024, grant awarded totaled $256,895. The largest grant awards funded the following initiatives:steam teachers (design/innovation teacher and a theatre technology & film teacher) at lawton c. johnson middle school - $210,000adjustable desks that promote student productivity and well-being - $46,000

Who funds Summit Educational Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Endowment FoundationEducational$51,000
Schwab Charitable FundEducation$25,750
Harris Family Charitable FoundationGeneral & Unrestricted$17,500
...and 13 more grants received

Personnel at Summit Educational Foundation

NameTitleCompensation
Heather ThomasPresident$0
Theresa CowingTreasurer$0
Amy BurkeSecretary$0
Melissa MaddenPresident$0
Key MichelPast Treasurer$0
...and 4 more key personnel

Financials for Summit Educational Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$293,472
Program services$0
Investment income and dividends$149,799
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-13,544
Net income from fundraising events$119,635
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$549,362

Form 990s for Summit Educational Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-09-18990View PDF
2023-062023-09-25990View PDF
2022-062022-11-14990View PDF
2021-062021-09-24990View PDF
2020-062021-02-22990View PDF
...and 10 more Form 990s
Data update history
November 7, 2024
Posted financials
Added Form 990 for fiscal year 2024
November 7, 2024
Updated personnel
Identified 6 new personnel
October 23, 2024
Received grants
Identified 1 new grant, including a grant for $51,000 from American Endowment Foundation
July 17, 2024
Received grants
Identified 2 new grant, including a grant for $9,756 from American Online Giving Foundation
December 30, 2023
Received grants
Identified 1 new grant, including a grant for $1,000 from American Express Foundation
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationProvides grantsFundraising eventsState / local levelEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 268
Summit, NJ 07902
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Union County, NJ
Website URL
sefnj.org/ 
Phone
(908) 400-8756
IRS details
EIN
22-2871770
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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