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The Summers Foundation INC EIN 38-3403606 Form 990 (PDF) Claim this org

The Summers Foundation INC

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A private foundation based in Harbor Spgs, MI. It reported about $41K in revenue for 2024. For fiscal year 2024 it reported $41K in revenue, $33K in expenses, and $319K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Harbor Spgs, MI
Filings
5 on file (2020–2024)
Revenue
$41KFY2024
Expenses
$33K
Net assets
$319K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-3403606 Private foundation / grantmaker Harbor Spgs, MI
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Harbor Spgs, MI. It reported about $41K in revenue for 2024.
Leadership
Elizabeth Skau · Treasurer
Money in and out
$41K revenue, $33K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$41K
Pt VIII · Ln 12
Total expenses
$33K
Pt IX · Ln 25
Net assets
$319K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Total assets
321K
deployed as grants and operations
Grants paid
17K
in FY2024
Grants made
17grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 17 grants · $17K · 2024–2024
Harbor Springs School SystemFY2024$3,068
Little Traverse Bay Humane SocFY2024$1,749
Challenge MountainFY2024$1,509
Little Traverse ConservancyFY2024$1,449
Bissell Pet FoundationMI · FY2024$1,237
Holy Childhood ChurchFY2024$1,200
Rising HopeFY2024$1,025
Toponexus-Center for Learn LocalFY2024$1,000
Lakeview CemeteryFY2024$800
Harbor Springs Lyric TheatreMI · FY2024$750
Womens Resource CenterFY2024$749
Blissfest Music OrganizationMI · FY2024$678
Harbor Springs Food PantryFY2024$500
Harbor Springs Historical SocietyFY2024$300
North Country TrailFY2024$259
Blackbird Child Care CenterFY2024$250
Harbor Springs LibraryMI · FY2024$250

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$987
Median grantPart XV$800
Largest grantPart XV$3K
Top cause focusNTEEArts & Culture (12%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$41K
FY2024▲ +89%
Expenses
$33K
FY2024▼ -1%
Total assets
$321K
FY2024▲ +3%
Total liabilities
$2K
FY2024+0.1%
Total revenue
$41K
Pt VIII · Ln 12
Total expenses
$33K
Pt IX · Ln 25
Net assets
$319K
Pt X · Ln 32
Total assetsPt II$321K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Summers Foundation INC
EINHdr · item D38-3403606
Principal addressHdr · item CHarbor Spgs, MI
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFSep 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Summers Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$41K
Total revenueLn 12$41K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.51 Operating & administrative $0.49
Grants & contributions paid51%$17K
Operating & administrative49%$16K
Total functional expensesLn 25$33K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$321K
Total liabilitiesLn 26$2K
Total net assetsLn 32$319K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $321K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $41K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $41K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $41K · Prior year $22K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $319K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $41K · Expenses $33K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $321K
—
Net-asset ratio
Net assets $319K · Total assets $321K
99%
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Skau · Reported title TREASURER · Highest reported compensation $0 · Total expenses $33K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 89%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$41K revenue · viewing · ⤓ 990 PDF
FY2023$22K revenue · ⤓ 990 PDF
FY2022$22K revenue · ⤓ 990 PDF
FY2021$24K revenue · ⤓ 990 PDF
FY2020$10K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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