Nonprofit · EIN 36-7237002
THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION
Tax-exempt · DALLAS, TX 75265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $60,912 | $54,172 | $6,740 | $833,591 | $0 | $833,591 |
| December 31, 2023 | 990-PF | $38,572 | $53,657 | -$15,085 | $826,305 | $0 | $826,305 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $25,234
- Net gain from sales of assets
- $35,678
Expenses
- Grants and similar amounts paid
- $42,000
- Compensation of officers, directors and key employees
- $9,896
- Disbursements for charitable purposes
- $46,473
- Excise tax on investment income
- $750
Balance sheet and other
- Total assets, start of year
- $826,305
- Total assets, end of year
- $833,591
- Total liabilities, end of year
- $0
- Net assets, end of year
- $833,591
- Fair market value of assets
- $992,111
- Qualifying distributions
- $46,473
- Net investment income
- $60,910
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A 110 N Wacker, CHICAGO, IL 60603 | AGENT FOR FIDUCIARY | 1 | $9,896 |
| CYNTHIA WARE REED 5201 S UNIVERSITY, CHICAGO, IL 60615 | TRUSTEE | 1 | $0 |
| BRACK REED 5201 S UNIVERSITY, CHICAGO, IL 60615 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A 135 S LASALLE STREET, CHICAGO, IL 60603 | AGENT FOR FIDUCIARY | 1 | $9,236 |
| CYNTHIA WARE REED 5201 S UNIVERSITY, CHICAGO, IL 60615 | DIRECTOR | 1 | $0 |
| BRACK REED 5201 S UNIVERSITY, CHICAGO, IL 60615 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 653067, DALLAS, TX 75265-3067
- In care of
- % FANNIMAE H SUMMEROWER
- Signed the 990-PF
- BRACK REED, Trustee
- Phone
- (888) 866-3275
- Return prepared by
- BANK OF AMERICA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 36-7237002
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $833,591
- Income (IRS master file)
- $358,392
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $60,912 | $54,172 | $833,591 | XML |
| 990-PF | December 2023 | $38,572 | $53,657 | $826,305 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 36-7237002).
Questions about THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION
- What is the EIN of THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION is 36-7237002.
- Is THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $9,896 (BANK OF AMERICA N A, AGENT FOR FIDUCIARY).
- How much revenue does THE FANNIMAE H AND JAMES W SUMMEROWER EDUCATIONAL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $60,912, expenses of $54,172 and total assets of $833,591 at year end.
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