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Nonprofit · EIN 22-1948007

THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION

Tax-exempt · SUMMIT, NJ 07902

Financials

$1.5M$1.2M2021$1.6M$1.5M2023$2.5M$1.1M2024$2.6M$1.9M2025
Revenue Expenses · by fiscal year end
Financials of THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,566,870$1,924,342$642,528$23,214,043$0$23,214,043
December 31, 2024990$2,547,550$1,110,797$1,436,753$20,717,541$0$20,717,541
December 31, 2023990$1,555,253$1,499,902$55,351$19,435,836$0$19,435,836
December 31, 2021990$1,487,909$1,163,480$324,429$21,049,660$0$21,049,660
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,493,450
Program service revenue
$0
Investment income
$1,073,420
Net gain from sales of assets
$568,321
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,776,287
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$21,319
Program services (functional)
$1,776,287
Management and general (functional)
$131,319
Fundraising (functional)
$16,736

Balance sheet and other

Total assets, start of year
$20,717,541
Total assets, end of year
$23,214,043
Total liabilities, end of year
$0
Net assets, end of year
$23,214,043
Publicly traded securities
$22,369,949
Net assets without donor restrictions
$12,888,853
Net assets with donor restrictions
$10,325,190
Gross receipts
$5,781,868
Employees
0
Volunteers
20
Year formed
1972
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
DANA TURKPRESIDENT
Trustee or director, Officer
7$0
JAMES FLEISCHMANNVICE PRESIDENT
Trustee or director, Officer
2$0
DENNIS WHITESECRETARY
Trustee or director, Officer
2$0
IRENE MURDOCKTREASURER
Trustee or director, Officer
5$0
ROBERT JEFFRIESASSISTANT TREASURER
Trustee or director, Officer
1$0
JACK COOPERPRESIDENT EMERITUS
Trustee or director, Officer
1$0
CELIA COLBERTTRUSTEE
Trustee or director
1$0
MARTHA SAYRETRUSTEE
Trustee or director
1$0
PAUL FORMICHELLITRUSTEE
Trustee or director
1$0
KELLI MONTGOMERYTRUSTEE
Trustee or director
1$0
PATRICIA FONTANTRUSTEE
Trustee or director
1$0
LEAH GRIFFITHTRUSTEE
Trustee or director
1$0
MARK YEAGERTRUSTEE
Trustee or director
1$0
MARY CUMMINSTRUSTEE
Trustee or director
1$0
CHRISTOPHER GERARDTRUSTEE
Trustee or director
1$0
7 more people on this return
NameTitleHours / weekCompensation
CHRISTINE GOTTESMANTRUSTEE
Trustee or director
1$0
DONNA MILLERTRUSTEE
Trustee or director
1$0
AMY DISIBIOTRUSTEE
Trustee or director
1$0
CHARLES GELBERTRUSTEE
Trustee or director
1$0
KATHERINE KALINFORMER TRUSTEE
Trustee or director
1$0
REGINA DALYTRUSTEE
Trustee or director
1$0
SARA REEDERTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2024: 21 people
NameTitleHours / weekCompensation
DANA TURKPRESIDENT
Trustee or director, Officer
7$0
JAMES FLEISCHMANNVICE PRESIDENT
Trustee or director, Officer
2$0
REGINA DALYSECRETARY
Trustee or director, Officer
2$0
MARTHA SAYRETREASURER
Trustee or director, Officer
5$0
IRENE MURDOCKASSISTANT TREASURER
Trustee or director, Officer
1$0
JACK COOPERPRESIDENT EMERITUS
Trustee or director, Officer
1$0
CELIA COLBERTTRUSTEE
Trustee or director
1$0
MARY CUMMINSTRUSTEE
Trustee or director
1$0
AMY DISIBIOTRUSTEE
Trustee or director
1$0
PATRICIA FONTANTRUSTEE
Trustee or director
1$0
PAUL FORMICHELLITRUSTEE
Trustee or director
1$0
CHARLES GELBERTRUSTEE
Trustee or director
1$0
CHRISTOPHER GERARDTRUSTEE
Trustee or director
1$0
CHRISTINE GOTTESMANTRUSTEE
Trustee or director
1$0
LEAH GRIFFITHTRUSTEE
Trustee or director
1$0
ROB JEFFRIESTRUSTEE
Trustee or director
1$0
KATHERINE KALINTRUSTEE
Trustee or director
1$0
KELLI MONTGOMERYTRUSTEE
Trustee or director
1$0
SARA REEDERTRUSTEE
Trustee or director
1$0
DENNIS WHITETRUSTEE
Trustee or director
1$0
MARK YEAGERTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensation
DANA TURKPRESIDENT
Trustee or director, Officer
5$0
JIM FLEISCHMANNVICE PRESIDENT
Trustee or director, Officer
5$0
REGINA DALYSECRETARY
Trustee or director, Officer
5$0
MARTHA SAYRETREASURER
Trustee or director, Officer
10$0
IRENE MURDOCKASSISTANT TREASURER
Trustee or director, Officer
1$0
JACK COOPERPRESIDENT EMERITUS
Trustee or director, Officer
1$0
JULIE ADAMSTRUSTEE
Trustee or director
1$0
JONATHAN BETZTRUSTEE
Trustee or director
1$0
CHRISTOPHER BONNERTRUSTEE
Trustee or director
1$0
CELIA COLBERTTRUSTEE
Trustee or director
1$0
AMY EVERETT DISIBIOTRUSTEE
Trustee or director
1$0
PATRICIA FONTANTRUSTEE
Trustee or director
1$0
PAUL FORMICHELLITRUSTEE
Trustee or director
1$0
CHARLES GELBERTRUSTEE
Trustee or director
1$0
LEAH GRIFFITHTRUSTEE
Trustee or director
1$0
KATHERINE KALINTRUSTEE
Trustee or director
1$0
DREW MALDONADOTRUSTEE
Trustee or director
1$0
KELLI MONTGOMERYTRUSTEE
Trustee or director
1$0
DENNIS WHITETRUSTEE
Trustee or director
1$0
MARK YEAGERTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2021: 21 people
NameTitleHours / weekCompensation
JULIE KEENANPRESIDENT
Trustee or director, Officer
5$0
DAVID DIETZEVICE PRESIDENT
Trustee or director, Officer
5$0
FRANK MACIOCESECRETARY
Trustee or director, Officer
5$0
LEAH GRIFFITHTREASURER
Trustee or director, Officer
10$0
MARTHA SAYREASSISTANT TREASURER
Trustee or director
1$0
JULIE ADAMSTRUSTEE
Trustee or director
1$0
JONATHAN BETZTRUSTEE
Trustee or director
1$0
SANDY BLOOMTRUSTEE
Trustee or director
1$0
LYLE BREHMTRUSTEE
Trustee or director
1$0
CELIA COLBERTTRUSTEE
Trustee or director
1$0
JOHN COOPERTRUSTEE
Trustee or director
1$0
AMY EVERETT DISIBIOTRUSTEE
Trustee or director
1$0
JAMES FLEISCHMANNTRUSTEE
Trustee or director
1$0
PATRICIA FONTANTRUSTEE
Trustee or director
1$0
CHARLES GELBERTRUSTEE
Trustee or director
1$0
CARY HARDYTRUSTEE
Trustee or director
1$0
KATHERINE KALINTRUSTEE
Trustee or director
1$0
ERIC LEGOFFTRUSTEE
Trustee or director
1$0
DREW MALDONADOTRUSTEE
Trustee or director
1$0
DANA TURKTRUSTEE
Trustee or director
1$0
MARK YEAGERTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 867, SUMMIT, NJ 07902-0867
Principal officer (990 for 2025)
CELIA COLBERT, PO BOX 867, SUMMIT, NJ 079020867
Signed the 990
CELIA COLBERT, PRESIDENT
Phone
(908) 399-6131
Return prepared by
JAMES M WOOD CPA

Mission

THE SUMMIT FOUNDATION IS A TAX-EXEMPT COMMUNITY FOUNDATION THAT FOSTERS PHILANTHROPY IN THE GREATER SUMMIT NJ AREA. THE FOUNDATION USES COMPETITIVE GRANTS AND THE WISHES OF DONORS TO MEET THE NEEDS OF THE COMMUNITY.

990 for the year ended December 31, 2025

Program accomplishments

  • $685,151 GRANTED TO AGENCIES PURSUANT TO A RIGOROUS APPLICATION REVIEW PROCESS.$531,136 AWARDED TO 40 AGENCIES FROM DONOR ADVISED FUNDS. $179,914 AWARDED IN SCHOLARSHIPS TO 63 STUDENT RECIPIENTS. $380,086 DONOR ADVISED DISTRIBUTIONS TO 7 FUNDS.
    Expenses $1,776,287 · grants $1,776,287

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-1948007
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,214,043
Income (IRS master file)
$5,781,868

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,566,870$1,924,342$23,214,043XML
990December 2024$2,547,550$1,110,797$20,717,541XML
990December 2023$1,555,253$1,499,902$19,435,836XML
990December 2022$1,086,760$1,129,740$17,845,068IRS
990December 2021$1,487,909$1,163,480$21,049,660XML
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1948007).

Questions about THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION

What is the EIN of THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION?
The employer identification number (EIN) of THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION is 22-1948007.
Is THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
Are donations to THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION?
The 990 for the year ended December 31, 2025 names CELIA COLBERT.
Who are the officers and directors of THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION?
The 990 for the year ended December 31, 2025 lists 22 people; 0 received compensation from the organization.
How much revenue does THE SUMMIT FOUNDATION A NJ NONPROFIT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,566,870, expenses of $1,924,342 and total assets of $23,214,043 at year end.

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