Summit Bank Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 148,919 | 30,148 | 118,771 | 354.1 | 0% |
| 2011 | 94,164 | 28,677 | 65,487 | 399.7 | 0% |
| 2012 | 172,450 | 27,046 | 145,404 | 488.3 | 0% |
| 2013 | 157,902 | 32,168 | 125,734 | 457.4 | 0% |
| 2014 | 318,544 | 81,431 | 237,113 | 215.6 | 0% |
| 2015 | 271,073 | 109,509 | 161,564 | 178.1 | 0% |
| 2016 | 320,759 | 208,990 | 111,769 | 99.7 | 0% |
| 2017 | 243,517 | 101,997 | 141,520 | 221.0 | 0% |
| 2018 | 247,007 | 155,137 | 91,870 | 152.4 | 0% |
| 2019 | 318,258 | 237,277 | 80,981 | 101.7 | 0% |
| 2020 | 96,845 | 251,369 | −154,524 | 88.7 | 0% |
| 2021 | 67,741 | 109,303 | −41,562 | 199.3 | 0% |
| 2022 | 326,449 | 73,967 | 252,482 | 335.5 | 0% |
| 2023 | 209,014 | 276,353 | −67,339 | 86.9 | 0% |
In its most recent public year (2023), this organization spent $67,339 more than it brought in. Its reserves stood at about 86.9 months of spending, down from 354.1 in 2010. Staff pay was 0% of spending. $1,624,484 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
Summit Bank Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works