2025-10-14T16:43:10-05:00 2025-06-30 223604710 JAMES M WOOD CPA 603B OMNI DRIVE HILLSBOROUGH NJ 08844 990 2024-07-01 222871770 SUMMIT EDUCATIONAL FOUNDATION SUMM 9084008756 PO BOX 268 SUMMIT NJ 079020268 RACHEL CALLAHAN TREASURER 9084008756 2025-09-29 1 0 JAMES M WOOD P00310420 9084311700 2025-09-18 X 2024 2025-03-06 01:10:19Z RACHEL CALLAHAN PO BOX 268 SUMMIT NJ 079020268 1436330 0 X SEFNJ.ORG X 1986 NJ TO MAINTAIN & ENHANCE A SUMMIT, NJ PUBLIC SCHOOL EDUCATION THROUGH COMMUNITY FUNDING OF GRANTS. 23 23 0 80 0 0 293472 232435 0 0 136255 314554 119635 114872 549362 661861 637159 437503 0 0 0 0 0 0 34012 71025 68996 708184 506499 -158822 155362 6988462 7268741 858721 554450 6129741 6714291 X TO MAINTAIN AND ENHANCE THE HIGH QUALITY OF A SUMMIT, NEW JERSEY PUBLIC SCHOOL EDUCATION THROUGH COMMUNITY FUNDING OF INNOVATIVE AND ESSENTIAL EDUCATIONAL GRANTS, A CLOSE WORKING RELATIONSHIP WITH THE SCHOOL DISTRICT, AND CAREFUL REVIEW, EVALUATION AND FINANCIAL OVERSIGHT OF SUPPORTED INITIATIVES. 0 0 238239 238239 THE ANNUAL FUND OF THE SUMMIT EDUCATION FOUNDATION ENCOURAGES AND FUNDS TEACHER AND DISTRICT-INITIATED PROGRAMS THAT ADVANCE THE CURRICULUM AND DISTRICT OBJECTIVES. DURING THE 2024-25 FISCAL YEAR, 47 GRANTS TOTALING $238,239 WERE AWARDED FROM THE ANNUAL FUND. THE LARGEST GRANT AWARDS FUNDED THE FOLLOWING INITIATIVES:EXPANSION OF PANORAMA: A VIEW OF THE WHOLE CHILD - $41,704EXTENDING FORMATIVE LICENSE TO ENHANCE INSTRUCTION, ASSESSMENT, AND DATA-DRIVEN PRACTICE - $17,534TEACHING WITH DIGNITY - $16,760ADJUSTABLE DESKS AND SEATING FOR STUDENT PRODUCTIVITY AND WELL-BEING - $12,958MUSIC THERAPY - $11,200 183335 183335 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 15929 15929 THE SUMMIT EDUCATIONAL FOUNDATION FUNDED SPECIFIC GRANTS WITH CONTRIBUTIONS RECEIVED SUBJECT TO DONOR-IMPOSED RESTRICTIONS. 437503 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NJ X KATIE WILLIAMS 9084008756 26 LINDEN PLACE SUMMIT NJ 07901 X MELISSA MADDEN CO-PRESIDENT 10.00 X X 0 0 0 HEATHER THOMAS CO-PRESIDENT 10.00 X X 0 0 0 AMANDA DARNOWSKI SECRETARY 10.00 X X 0 0 0 RACHEL CALLAHAN TREASURER 5.00 X X 0 0 0 LESLEY ARLEIN TRUSTEE 1.00 X 0 0 0 NICOLE ABBOTT TRUSTEE 1.00 X 0 0 0 MATTHEW CARDER TRUSTEE 1.00 X 0 0 0 LAURA LAMEO TRUSTEE 1.00 X 0 0 0 SUSAN DANIEL TRUSTEE 1.00 X 0 0 0 CHELLE DONNELLY TRUSTEE 1.00 X 0 0 0 JODI ENGLERT TRUSTEE 1.00 X 0 0 0 TIME ERDAY TRUSTEE 1.00 X 0 0 0 PAUL LAMEO TRUSTEE 1.00 X 0 0 0 LAURA MADDEN TRUSTEE 1.00 X 0 0 0 JOHN MELL TRUSTEE 1.00 X 0 0 0 LAUREN POST TRUSTEE 1.00 X 0 0 0 TEAL RODRIGUEZ TRUSTEE 1.00 X 0 0 0 THERESA MARTIN TRUSTEE 1.00 X 0 0 0 JUDY SHUE TRUSTEE 1.00 X 0 0 0 KELLY STANTON TRUSTEE 1.00 X 0 0 0 NICOLE TARTAGLIA TRUSTEE 1.00 X 0 0 0 LORI TULLOCH TRUSTEE 1.00 X 0 0 0 SAMANTHA WHITE TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 232435 232435 168220 168220 890873 744539 146334 146334 146334 144802 29930 114872 114872 661861 146334 0 283092 437503 437503 21225 21225 14531 14531 1391 1391 1688 1688 COMPUTER TECHNOLOGY 17319 0 9866 7453 STATIONERY & PRINTING 7959 0 0 7959 BANK FEES 2774 0 601 2173 POSTAGE 1896 0 0 1896 213 213 506499 437503 34984 34012 32900 36552 683599 1300775 50000 0 8344 8829 6213619 5922585 6988462 7268741 11750 9750 846971 544700 858721 554450 X 5626669 6216190 503072 498101 6129741 6714291 6988462 7268741 155362 429188 0 X X 0 1 X 1 0 X 245757 380009 193715 273248 186266 1278995 245757 380009 193715 273248 186266 1278995 1278995 110965 126900 139335 149799 168220 695219 121228 116597 107309 20224 46169 411527 2385741 791539 0.53610 0.55470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6125161 -49000 743742 -124838 6695065 5548114 -50000 849510 -222463 6125161 5166330 -50000 599777 -167993 5548114 6946616 155274 -1048276 -887284 5166330 5391271 1692656 -137311 6946616 0.92560 0.07440 0 0 0 INVESTMENT SECURITIES 5922585 F 5922585 X 1120979 429188 29930 459118 661861 0 661861 536429 29930 29930 506499 0 506499 PART V, LINE 4: TO FUND STRATEGIC LONG-TERM INITIATIVES CRITICAL TO THE HEALTH OF THE SUMMIT, NEW JERSEY PUBLIC SCHOOL DISTRICT AND TO ITS ABILITY, TO PROVIDE AN EXCELLENT EDUCATIONAL EXPERIENCE FOR ITS STUDENTS. PART X, LINE 2: SEF'S ACCOUNTING POLICY IS TO DISCLOSE CONTINGENCIES RELATING TO UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. SEF IS NOT AWARE OF ANY VIOLATION OF TAX STATUS OR EXPOSURE TO UNCERTAIN TAX POSITIONS THAT COULD REQURE DISCLOSURE OR WHICH COULD AFFECT ITS LIQUIDITY OR FUTURE CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED UNDER GAMING ACTIVITIES 29,930. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED UNDER GAMING ACTIVITIES 29,930. SPRING FOR EXCELLENCE 139473 139473 26198 PARTNER'S NIGHT 5329 5329 3732 144802 144802 29930 29930 114872 NJ 1 0 0 0 0 0 1 SUMMIT BOARD OF EDUCATION 90 MAPLE STREET SUMMIT NJ 07901 226002333 437503 0 EDUCATION PART I, LINE 2: AFTER THE ORIGINAL GRANT HAS BEEN REVIEWED BY THE GRANTS COMMITTEE, APPROVED BY THE SEF BOARD AND AWARDED TO THE APPLICANT, BOTH SEF AND THE BOE RECORD A DETAILED ACCOUNTING FOR EACH GRANT BY GRANT NAME, GRANT CYCLE AND TOTAL DOLLAR AMOUNT AWARDED. QUARTERLY, SEF AND THE BOE RECONCILE SPENDING BY SPECIFIC GRANT BASED ON WHAT HAS BEEN PAID OUT FOR EACH GRANT THROUGH THE BOE ACCOUNTS PAYABLE SYSTEM. THE SEF TREASURER REVIEWS THE BILL LINE BY LINE AND COMPARES THE SEF RECORDED BEGINNING BALANCE, AMOUNT BILLED AND ENDING BALANCE TO THE BOE BALANCES. ANY DIFFERENCES ARE RESEARCHED BY THE SEF TREASURER AND THE BOE ACCOUNTS PAYABLE REPRESENTATIVE. GRANTS THAT REMAIN OPEN FOR OVER 18 MONTHS ARE REVIEWED BY THE SEF TREASURER, BOE ACCOUNTS PAYABLE REPRESENTATIVE, SEF GRANTS COMMITTEE AND ORIGINAL GRANT APPLICANT, IF NECESSARY, TO DETERMINE WHETHER THAT THE GRANT SHOULD REMAIN OPEN OR SHOULD BE CLOSED. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC VERSION OF FORM 990 IS MADE AVAILABLE TO TRUSTEES FOR A 7-DAY COMMENT PERIOD. ABSENT COMMENTS, THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW TRUSTEE OR OFFICER IS GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY. FURTHER EACH TRUSTEE IS BOUND TO MAKE FULL DISCLOSURE OF INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST ON A CONTINUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST PART XII, LINE 2C SAME AS LAST YEAR.