Summer Search FY2023 filing

Oakland, CA · Public charity (501(c)(3)) · Since 1990 · Employment

✓ Tax-deductible Latest data FY2023
Revenue
$23.5M
▼ -12% vs prior year
Spent
$22.9M
To programs
69%
Net assets
$30.6M
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending September 2023 (IRS tax year 2022).

Figures match the IRS filing checked 8/8/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. Imc Charitable Foundation
$19K in the latest grant year.
Spent on programs?
69% to programs
Form 990 Part IX, latest filing.
Size and trend
$10–100M
↓ -12% vs prior year
Legal name (IRS)Hdr · item CSummer Search
EINHdr · item D68-0200138
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1990
Year of formationHdr · item L1990
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item COakland, CA
NTEE classificationIRS BMFEmployment (J200)
WebsiteHdr · item Jwww.summersearch.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.13 Fundraising $0.18
Program services69%$15.7M
Management & general13%$3.0M
Fundraising18%$4.2M
Total functional expensesLn 25$22.9M

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$23.5M
FY2023▼ -12%
Expenses
$22.9M
FY2023▲ +10%
Program efficiency
69%
of spending reaches programs
Operating runway
9.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$34.3M
FY2023▲ +7%
Total liabilities
$3.7M
FY2023▲ +82%
Revenue less expensesPt I · Ln 19$585K
Total assetsPt X · Ln 16$34.3M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Balance Sheet

Part X · end of year
CashLn 1$6.0M
Total assetsLn 16$34.3M
Total liabilitiesLn 26$3.7M
Total net assetsLn 32$30.6M
Months of cash on handcomputed3.2

Statement of Revenue

Part VIII
Contributions & grants$22.5M · 96%
Investment income$599K · 3%
Program service revenue$342K · 1%
Contributions & grants96%$22.5M
Investment income3%$599K
Program service revenue1%$342K
Other revenue$4K
— government grantsLn 1e$170K
Total revenueLn 12$23.5M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14.4M · Operating expenses (Pt IX) $22.9M · Less non-cash grants $4.7M · Cash operating expenses/yr $18.2M
9.5 months
Where the money goes
Program services
Program services $15.7M · Total expenses $22.9M
69%
Management & General
Management & general $3.0M · Total expenses $22.9M
13%
Fundraising
Fundraising $4.2M · Total expenses $22.9M
18%
Cost to raise $1
Fundraising expense (3-yr avg) $4.0M · Solicited contributions (3-yr avg) $26.5M
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $22.5M · Total revenue $23.5M
96%
Government reliance
Government grants $170K · Total revenue $23.5M
0.7%
Earned-income share
Program service revenue $342K · Total revenue $23.5M
1%
Investment reliance
Investment income $599K · Total revenue $23.5M
+3%
Program self-sufficiency
Program service revenue $342K · Total expenses $22.9M
1%
Growth & trend
Revenue growth (YoY)
This year $23.5M · Prior year $26.6M
-12%
Net-asset trend (YoY)
End of year $30.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $23.5M · Expenses $22.9M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $34.3M
—
Net-asset ratio
Net assets $30.6M · Total assets $34.3M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.3M · Other securities (Pt X, ln 12) $66K · Total assets (Pt X, ln 16) $34.3M
25%
People & payroll
Highest Reported Total Compensation
Individual Nick Hutchinson · Reported title COFO and Secretary · Highest reported compensation $216K · Total expenses $22.9M
0.9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $16.5M · Total expenses $22.9M
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 13%——
Fundraising cost ratio 19%——
Revenue growth -12%——
Accounting fee ratio 0.7%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Cofo and Secretary
$216,476Pt VII · Sec A
Executive Director New York
$198,259Pt VII · Sec A
VP of Development
$185,310Pt VII · Sec A
Executive Director - Boston
$181,909Pt VII · Sec A
VP of Talent
$164,875Pt VII · Sec A
Director of Finance and Administration
$154,530Pt VII · Sec A
Executive Director - Seattle
$147,526Pt VII · Sec A
Executive Director - Philadelphia
$147,311Pt VII · Sec A

Ursulina Ramirez’s $350K as CEO is at the 79th percentile of top reported officer pay among 414 $10–100M employment 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Ursulina Ramirez$350,000$333,958————
Marc Spencer———$327,043$282,132$294,750
Peter Retzlaff—$302,012$198,259$172,734$148,426$147,625
Nick Hutchinson$233,277$270,752$216,476$199,560$188,972$187,020
Hermese Velasquez$235,092$207,200$181,909$165,386$128,422—
Megan Sussman$204,843$204,434$185,310$176,209$170,600—
Kenyon Devault$197,980—————
Eunice Dunham$193,462$195,641$164,875$169,632$157,782—

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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Mentors low-income students for leadership, college, and lifelong success.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $14.8M of program spending, described in the organization's own filed words · FY2022.
01

Summer Placement and Mentoring

Each student receives two full scholarships to life-changing summer experiential education programs, including wilderness leadership expeditions, academic enrichment programs, community service, and internships.

$7.1Mprogram expense
02

Staff Training and Development

Summer Search conducts a strong training effort to teach the uniquely effective interview process that identifies students that have leadership potential through an original youth development model that identifies three character metrics that it hopes to cultivate in young people: resiliency, altruism, and performance.

$5.5Mprogram expense
03

Post-Secondary Program

The Organization provides students support to towards their education and long-term goals. The Post-Secondary Program supports a broad set of mid and long-term outcomes for its participants: educational attainment, career readiness, integrated identity, sense of purpose, and financial well-being.

$2.2Mprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$19K
See all 3 funders →
Grants paid · 17 grants · $1.7M · 2019–2024
Unitemized GrantFY2024$149,905
Unitemized GrantFY2024$87,009
Unitemized GrantFY2023$161,618
Unitemized GrantFY2023$53,504
Unitemized GrantFY2022$131,720
Unitemized GrantFY2022$79,726
Unitemized GrantFY2022$38,402
Unitemized GrantFY2021$129,217
Unitemized GrantFY2021$79,330
Unitemized GrantFY2021$58,100
Unitemized GrantFY2020$205,816
Unitemized GrantFY2020$92,172
Unitemized GrantFY2020$81,406
Unitemized GrantFY2020$46,189
Unitemized GrantFY2019$246,028
Unitemized GrantFY2019$65,056
Unitemized GrantFY2019$33,972

Filing history

YearRevenueExpensesChangeFiling
FY2024 $28.8M$24.4M+23% 990 PDF
FY2023 Viewing $23.5M$22.9M-12% 990 PDF
FY2022 $26.6M$20.8M-22% 990 PDF
FY2021 $33.9M$18.2M+84% 990 PDF
FY2020 $18.4M$16.8M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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