Summits Education FY2024 filing

Tax-deductible

Boston, MA501(c)(3)Since 2015EducationEIN 47-2768711Revenue $4.4M in FY2024

On file with the IRSsummits.org800 Boylston St Ste 300, 02199-7032 · Boston, MATax-exempt since Sep 2015School — 170(b)(1)(A)(ii)

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Summits Education is transforming Education systems in the world's most vulnerable communities.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$150K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $355K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $480K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$86K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
+9% vs prior year
Spent
$3.9M
To programs
90%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$4.4M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$3.8M
FY2022$2.7M
FY2023$4.1M
FY2024$4.4M
FY2025$4.1M
Expenses
$3.9M
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$2.9M
FY2022$2.4M
FY2023$3.1M
FY2024$3.9M
FY2025$4.1M
Net assets
$3.0M
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$263K
FY2021$1.2M
FY2022$1.6M
FY2023$2.5M
FY2024$3.0M
FY2025$3.0M

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.5M Management & general 6% · $229K Fundraising 4% · $173K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Managing Director
$150,444Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Carolyn Mellin’s $150K as Managing Director is at the 64th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021
Carolyn Mellin$149,954$150,444$144,324$150,135
Rachel Saint-Firmin$111,017———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Summits Education executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Transforms education systems in the world's most vulnerable communities.

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Provided by the organization

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1 program · $3.5M · in their own filed words · FY2023
01

Program

Transforming education systems in rural haitiopportunity: in haiti, the vast majority of teachers lack basic teaching qualifications. Haitian students suffer from rote-style instruction that fails to develop the critical thinking and problem solving skills necessary to become competitive candidates in the workforce and model citizens…

$3.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.3M
Investment incomeLn 3$114K
Fees for servicesLn 2g$15K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.5M
Managementcol C$229K
Fundraisingcol D$173K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$86K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$15K
Investment incomeLn 3$114K
Gains on assetsLn 7−$171
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$3.1M
Cash and savings togetherLn 1–2$3.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$86K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.8M$3.1M
Total assetsLn 16$2.9M$3.1M
LiabilitiesLn 26$364K$86K
Net assetsLn 32$2.5M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$3.4M$3.4M
Other salaries and wagesLn 7$365K$95K$139K$131K
Payroll taxesLn 10$25K$6K$9K$9K
Accounting feesLn 11c$30K$10K$17K$4K
Other fees for servicesLn 11g$86K$27K$48K$11K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$23K$5K$18K
Conferences, conventions and meetingsLn 19$10K$10K
Total functional expensesLn 25$3.9M$3.5M$229K$173K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.1M$4.1M−$26K$3.0M 990 PDF
FY2024 Viewing $4.4M$3.9M$495K$3.0M 990 PDF
FY2023 $4.1M$3.1M$965K$2.5M 990 PDF
FY2022 $2.7M$2.4M$390K$1.6M 990 PDF
FY2021 $3.8M$2.9M$913K$1.2M 990 PDF
FY2020 $1.2M$1.8M−$610K$263K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,421,543 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,020,728$4,292,747
I-9 Program service revenuePrior year $9,000$15,000
I-10 Investment incomePrior year $44,367$113,796
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,074,095$4,421,543
I-13 Grants and similar amounts paidPrior year $2,622,635$3,386,774
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $377,831$389,406
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $108,498$150,818
I-18 Total expensesPrior year $3,108,964$3,926,998
I-19 Revenue less expensesPrior year $965,131$494,545
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,421,543 across 7 lines filed
VIII-1f All other contributions, gifts and grants$4,292,747
VIII-1g Noncash contributions (included above)$8,982
VIII-1h Total contributions, gifts and grants$4,292,747
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,000$15,000
VIII-3 Investment incomeExcluded from tax $113,967$113,967
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$171−$171
VIII-12 Total revenueRelated to mission $15,000 · Unrelated business $0 · Excluded from tax $113,796$4,421,543
Part IX · Statement of functional expenses $3,926,998 across 8 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,386,774$3,386,774
IX-7 Other salaries and wagesPrograms $94,755 · Management $138,537 · Fundraising $131,276$364,568
IX-10 Payroll taxesPrograms $6,456 · Management $9,438 · Fundraising $8,944$24,838
IX-11c Accounting feesPrograms $9,511 · Management $16,691 · Fundraising $3,798$30,000
IX-11g Other fees for servicesPrograms $27,193 · Management $47,722 · Fundraising $10,860$85,775
IX-12 Advertising and promotionManagement $2,784$2,784
IX-13 Office expensesManagement $4,740 · Fundraising $18,015$22,755
IX-19 Conferences, conventions and meetingsManagement $9,504$9,504
IX-25 Total functional expensesPrograms $3,524,689 · Management $229,416 · Fundraising $172,893$3,926,998
Part X · Balance sheet $3,112,249 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,772,686$3,087,087
X-4 Accounts receivableStart of year $123,045$25,162
X-16 Total assetsStart of year $2,895,731$3,112,249
X-17 Accounts payable and accrued expensesStart of year $39,728$39,905
X-19 Deferred revenueStart of year $324,447$46,243
X-26 Total liabilitiesStart of year $364,175$86,148
X-32 Total net assets or fund balancesStart of year $2,531,556$3,026,101
X-33 Total liabilities and net assetsStart of year $2,895,731$3,112,249
Part XI · Reconciliation of net assets $3,026,101 net assets at year end
XI-1 Total revenue$4,421,543
XI-2 Total expenses$3,926,998
XI-3 Revenue less expenses$494,545
XI-4 Net assets at start of year$2,531,556
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,026,101

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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