Summit Financial Foundation FY2021 filing

Tax-deductible

Wilmington, DE501(c)(3)Foundations & GrantmakersEIN 81-3943622Revenue $74K in FY2021

On file with the IRSFoundation Source 501 Silverside Rd, 19809-0000 · Wilmington, DETax-exempt since Mar 2017Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2021 · Form 990-PFIndependent: 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
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $28K a year · 59% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
24 mo
of spending, in cash
Looks good: 24.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
+128% vs prior year
Spent
$8K
Net assets
$189K
By yearFY2020–FY2024
Revenue
$74K
FY2021▲ +128%
Tap a bar for its year
Revenue by fiscal year
FY2020$32K
FY2021$74K
FY2022$40K
FY2023$15K
FY2024$74K
Expenses
$8K
FY2021▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2020$18K
FY2021$8K
FY2022$22K
FY2023$25K
FY2024$23K
Net assets
$189K
FY2021▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2020$123K
FY2021$189K
FY2022$207K
FY2023$197K
FY2024$248K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2017.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 96% · $8K Operating & administrative 4% · $326

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

8 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Dir, Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
Dir, Sec
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Pres, Dir
$0Pt VII · Sec A
See Summit Financial Foundation executive salaries →

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Programs and updates

A private foundation based in Wilmington, DE.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 21 grants · $14K · 2024–2024
St Jude Childrens Research Hospital INCFY2024$500
Rooms of Hope INCCA · FY2024$500
Rooms of Hope INCCA · FY2024$500
Bay Area Crisis NurseryCA · FY2024$500
Aneurysm FoundationCA · FY2024$500
Individual RecipientFY2024$270
Wrestle Like a Girl INCPA · FY2024$250
The Mayfly ProjectAR · FY2024$250
Hillsdale CollegeMI · FY2024$250
Dougy Center INCOR · FY2024$250
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV17
Average grantPart XV$680
Median grantPart XV$500
Largest grantPart XV$5K
Top cause focusNTEEHuman Services (14%)

By the numbers

The FY2021 990-PF, line by line.

1The main four
Money in
$74K
Gifts and grants$40K
Investment income$34K
Money out
$8K
Grants paid$8K
Running costs$326
Owns and owes
$189K
net assets
Cash and savings$17K
Total assets$189K
Liabilities$0
People
8
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$40K
Investment income$34K
Total revenue$74K
Assets in detailEnd of year
Cash and savings together$17K
Total assets$189K
Liabilities$0
Net assets$189K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $74K$23K$52K$248K 990 PDF
FY2023 $15K$25K−$10K$197K 990 PDF
FY2022 $40K$22K$18K$207K 990 PDF
FY2021 Viewing $74K$8K$66K$189K 990 PDF
FY2020 $32K$18K$14K$123K 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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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