NonprofitsSummit Educational Foundation Inc

Summit Educational Foundation Inc

SUMMIT, NJ

Total revenue

$662K

Total expenses

$506K

Net assets

$6.7M

Grants received

$498K

65 grants

EIN

222871770

Tax year

2024

Mission

To maintain & enhance a summit, nj public school education through community funding of grants.

Programs

2 programs

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, 2025, grant awarded totaled $183,335. The largest grant awards funded the following initiatives:middle school steam enhancement - $42,840young technicians: enhancing steam & theatre technology resources to support elementary theatre - $21,657at risk mentoring program grades/areas: grades 6-8 schools: lcjsms - $15,000

Expenses: $183KGrants: $183K

The summit educational foundation funded specific grants with contributions received subject to donor-imposed restrictions.

Expenses: $16KGrants: $16K

Financials

FY 2024

Revenue

Contributions & grants$232K
Program service revenue
Investment income$315K
Other revenue$115K
Total revenue$662K

Expenses

Grants paid$438K
Salaries & benefits
Fundraising$34K
Other expenses$69K
Total expenses$506K
Total assets$7.3M
Net assets$6.7M

People

23 listed

NameRoleCompensation

MELISSA MADDEN

CO-PRESIDENT

Board

10 hrs/wk

HEATHER THOMAS

CO-PRESIDENT

Board

10 hrs/wk

AMANDA DARNOWSKI

SECRETARY

Board

10 hrs/wk

RACHEL CALLAHAN

TREASURER

Board

5 hrs/wk

LESLEY ARLEIN

TRUSTEE

Board

1 hrs/wk

NICOLE ABBOTT

TRUSTEE

Board

1 hrs/wk

MATTHEW CARDER

TRUSTEE

Board

1 hrs/wk

LAURA LAMEO

TRUSTEE

Board

1 hrs/wk

SUSAN DANIEL

TRUSTEE

Board

1 hrs/wk

CHELLE DONNELLY

TRUSTEE

Board

1 hrs/wk

JODI ENGLERT

TRUSTEE

Board

1 hrs/wk

TIME ERDAY

TRUSTEE

Board

1 hrs/wk

PAUL LAMEO

TRUSTEE

Board

1 hrs/wk

LAURA MADDEN

TRUSTEE

Board

1 hrs/wk

JOHN MELL

TRUSTEE

Board

1 hrs/wk

LAUREN POST

TRUSTEE

Board

1 hrs/wk

TEAL RODRIGUEZ

TRUSTEE

Board

1 hrs/wk

THERESA MARTIN

TRUSTEE

Board

1 hrs/wk

JUDY SHUE

TRUSTEE

Board

1 hrs/wk

KELLY STANTON

TRUSTEE

Board

1 hrs/wk

NICOLE TARTAGLIA

TRUSTEE

Board

1 hrs/wk

LORI TULLOCH

TRUSTEE

Board

1 hrs/wk

SAMANTHA WHITE

TRUSTEE

Board

1 hrs/wk

Grants received

Showing 65 of 65

FromAmountPurposeYear
$250
MATCHING GIFTS
2024
$6
GENERAL SUPPORT
2024
$54K
UNRESTRICTED
2023
$18K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2023
$18K
General & Unrestricted
2023
$16K
PUBLIC, SOCIETAL BENEFIT
2023
$16K
For grant recipient's exempt purposes
2023
$5K
UNRESTRICTED GENERAL
2023
$5K
UNRESTRICTED GENERAL SUPPORT
2023
$3K
GENERAL SUPPORT
2023
$3K
To further the charity purpose & mission.
2023
$1K
UNRESTRICTED GENERAL
2023
$750
GENERAL SUPPORT
2023
$500
GENERAL SUPPORT
2023
$500
EDUCATION
2023
$250
MATCHING GIFTS
2023
$100
General & Unrestricted
2023
$100
GENERAL SUPPORT
2023
$38
GENERAL SUPPORT
2023
$31
GENERAL SUPPORT
2023
$6
GENERAL SUPPORT
2023
$14K
For grant recipient's exempt purposes
2022
$5K
UNRESTRICTED GENERAL SUPPORT
2022
$2K
PROGRAM/OPERATING SUPPORT
2022
$1K
UNRESTRICTED GENERAL
2022
$1K
GENERAL SUPPORT
2022
$500
GENERAL SUPPORT
2022
$500
MATCHING GIFTS
2022
$38
GENERAL SUPPORT
2022
$31
GENERAL SUPPORT
2022
$6
GENERAL SUPPORT
2022
$8K
For grant recipient's exempt purposes
2021
$8K
For grant recipient's exempt purposes
2021
$1K
UNRESTRICTED GENERAL
2021
$16K
For grant recipient's exempt purposes
2020
$10K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2020
$5K
UNRESTRICTED GENERAL SUPPORT
2020
$1K
UNRESTRICTED GENERAL
2020
$38
GENERAL SUPPORT
2020
$32
GENERAL SUPPORT
2020
$17
GENERAL SUPPORT
2020
$7K
For grant recipient's exempt purposes
2018
$1K
UNRESTRICTED GENERAL
2018
$300
PROGRAM/OPERATING SUPPORT
2018
$100
PROGRAM/OPERATING SUPPORT
2018
$5K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$498K from 20 funders · 65 grants · 2017–2024

American Endowment Foundation

$101K · 2 grants · 2023–2024

Fidelity Investments Charitable Gift Fund

$75K · 7 grants · 2017–2023

Donor Advised Charitable Giving Inc

$63K · 5 grants · 2018–2023

American Online Giving Foundation Inc

$58K · 5 grants · 2020–2024

Network For Good

$54K · 1 grant · 2023

Gs Donor Advised Philanthropy Fund

$40K · 3 grants · 2022–2024

Community Foundation Of New Jersey

$18K · 1 grant · 2023

Details

EIN222871770
Subsection03
Ruling date1988-06
Formed1986
Employees0
Volunteers80
SUMMIT EDUCATIONAL FOUNDATION INC — Mission, Financials & Grants Received | Grantivo