The Summit Foundation A Nj Nonprofit Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 953,065 | 966,782 | −13,717 | 161.1 | 0% |
| 2012 | 777,772 | 743,899 | 33,873 | 221.1 | 0% |
| 2013 | 1,052,994 | 799,466 | 253,528 | 234.0 | 0% |
| 2014 | 1,416,289 | 814,302 | 601,987 | 244.6 | 0% |
| 2015 | 981,303 | 1,094,677 | −113,374 | 168.9 | 0% |
| 2016 | 947,317 | 809,417 | 137,900 | 240.2 | 0% |
| 2017 | 4,120,114 | 1,422,753 | 2,697,361 | 146.2 | 0% |
| 2018 | 1,951,931 | 1,021,989 | 929,942 | 191.6 | 0% |
| 2020 | 758,069 | 1,318,827 | −560,758 | 169.0 | 0% |
| 2021 | 1,487,909 | 1,163,480 | 324,429 | 217.1 | 0% |
| 2022 | 1,086,760 | 1,129,740 | −42,980 | 189.5 | 0% |
| 2023 | 1,555,253 | 1,499,902 | 55,351 | 155.5 | 0% |
In its most recent public year (2023), this organization brought in $55,351 more than it spent. Its reserves stood at about 155.5 months of spending, down from 161.1 in 2011. Staff pay was 0% of spending. $8,920,754 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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