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Summersault Foundation is a private corporation based in NEPTUNE, NJ. The foundation received its IRS ruling in 2008. The principal officer is Michel Marks. It holds total assets of $269K. Annual income is reported at $105K. Total assets have decreased from $2.1M in 2011 to $311K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in New Jersey, New York and North Carolina. According to available records, Summersault Foundation has made 22 grants totaling $61K, with a median grant of $2K. The foundation has distributed between $29K and $31K annually from 2022 to 2023. Individual grants have ranged from $150 to $10K, with an average award of $3K. The foundation has supported 19 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Maryland, which account for 77% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$359
Median Grant
$1K
Average Grant
$4K
Largest Grant
$30K
Based on 18 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Summersault Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in NJ, NY, MD.
Summersault Foundation has distributed a total of $61K across 22 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $150 to $10K.
The application deadline is N/A N/A. The grant will only be made to tax-exempt public charities.
Summersault Foundation is headquartered in NEPTUNE, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michel Marks | PRESIDENT | $0 | $0 | N/A |
| Deborah Lodato | TREASURER | $0 | $0 | N/A |
| Steven Treson | SECRETARY | $0 | $0 | N/A |
Total Giving
$33K
Total Assets
$311K
Fair Market Value
$220K
Net Worth
$311K
Grants Paid
$29K
Contributions
$4K
Net Investment Income
$11K
Distribution Amount
$11K
Total Grants
22
Total Giving
$61K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
19
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Knight ParkFOR MEDITATION GARDEN | Collingswood, NJ | $10K | 2023 |
| Haddon Township Education FoundationGENERAL SUPPORT | Haddon Township, NJ | $5K | 2023 |
| New Conductors OrchestraGENERAL SUPPORT | New York, NY | $5K | 2023 |
| For All SeasonsGENERAL SUPPORT | Easton, MD | $3K | 2023 |
| Fulfill Monmouth & OceanGENERAL SUPPORT | Neptune, NJ | $2K | 2023 |
| Forge GreensboroFOR PRE APPRENTICE ASSISTANCE PROGRAM AND METAL SHOP | Greensboro, NC | $2K | 2023 |
| Haddonfield Friends SchoolFOR JOYCE NECE CAPSTONE PROJECT | Haddonfield, NJ | $2K | 2023 |
| Boys & Girls Clubs Of Monmouth CountyGENERAL SUPPORT | Asbury Park, NJ | $1K | 2023 |
| Saddler'S Woods Conservation AssociationGENERAL SUPPORT | Oaklyn, NJ | $1K | 2023 |
| Pinelands PreservationGENERAL SUPPORT | Southhampton, NJ | $250 | 2023 |
| Toys For TotsGENERAL SUPPORT | Greensboro, NC | N/A | 2023 |
| Haddonfield Monthly MeetingREFUGEE ASSISTANCE FUND | Haddonfield, NJ | $10K | 2022 |
| KydsGENERAL SUPPORT | Neptune, NJ | $10K | 2022 |
| St Paul'S Food PantryGENERAL SUPPORT | Collingswood, NJ | $3K | 2022 |
| Crossnore Communities For ChildrenGENERAL SUPPORT | Crossnore, NC | $1K | 2022 |
| The Pink AgendaGENERAL SUPPORT | New York, NY | $1K | 2022 |
| Mary Joy UsaGENERAL SUPPORT | Washington, DC | $1K | 2022 |
| Our Lady Of Mount Carmel School For Miley GonzalezSCHOLARSHIP GRANTED. NOTE THAT IN ORDER TO PROTECT THE PRIVACY OF THE STUDENT, PERSONAL INFORMATION IS NOT PROVIDED. INDIVIDUAL CAN BE CONTACTED THROUGH THE FUND. ALL DISBURSEMENTS ARE MADE DIRECTLY TO THE EDUCATIONAL INSTITUTION. | Asbury Park, NJ | $495 | 2022 |
| Mater Dei Prep For Liseth RianoSCHOLARSHIP GRANTED. NOTE THAT IN ORDER TO PROTECT THE PRIVACY OF THE STUDENT, PERSONAL INFORMATION IS NOT PROVIDED. INDIVIDUAL CAN BE CONTACTED THROUGH THE FUND. ALL DISBURSEMENTS ARE MADE DIRECTLY TO THE EDUCATIONAL INSTITUTION. | Middletown, NJ | $150 | 2022 |