Nonprofit · EIN 37-2117735
SUMMIT FOUNDATION INC
Tax-exempt · PHILADELPHIA, PA 19148
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,954,743 | $1,541,704 | $413,039 | $16,477,206 | $0 | $16,477,206 |
| December 31, 2024 | 990-PF (amended) | $8,304,251 | $1,143,215 | $7,161,036 | $14,464,887 | $0 | $14,464,887 |
| December 31, 2023 | 990-PF (amended) | $1,040,077 | $0 | $1,040,077 | $1,035,114 | $0 | $1,035,114 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,075,202
- Dividends
- $460,915
- Interest
- $2,007
- Net gain from sales of assets
- $416,619
Expenses
- Grants and similar amounts paid
- $1,360,878
- Disbursements for charitable purposes
- $1,364,178
- Excise tax on investment income
- $10,608
Balance sheet and other
- Total assets, start of year
- $14,664,887
- Total assets, end of year
- $16,477,206
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,477,206
- Fair market value of assets
- $16,477,206
- Qualifying distributions
- $1,364,178
- Net investment income
- $879,541
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JC Shifman PO Box 54697, Philadelphia, PA 19148 | President | 1 | $0 |
| SJ Shifman PO Box 54697, Philadelphia, PA 19148 | Vice President | 1 | $0 |
| A Shifman PO Box 54697, Philadelphia, PA 19148 | Secretary/Treasurer | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JC SHIFMAN PO BOX 54697, PHILADELPHIA, PA 19148 | PRESIDENT | 0 | $0 |
| SJ SHIFMAN PO BOX 54697, PHILADELPHIA, PA 19148 | VICE PRESIDENT | 0 | $0 |
| A SHIFMAN PO Box 54697, Philadelphia, PA 19148 | SEC/TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE SHIFMAN 2630 GREY OAKS DR N, NAPLES, FL 34105 | PRESIDENT | 0 | $0 |
| STEVE SHIFMAN 2630 GREY OAKS DR N, NAPLES, FL 34105 | VICE PRESIDENT | 0 | $0 |
| ARI SHIFMAN 994 S WASHINGTON, DENVER, CO 80209 | SEC/TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 54697, PHILADELPHIA, PA 19148-0697
- In care of
- % JULIE COHEN SHIFMAN
- Signed the 990-PF
- Julie Shifman, President
- Phone
- (877) 829-5500
- Return prepared by
- Barnes Dennig & Co LTD
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 | 990-PF 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
- 37-2117735
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $16,477,206
- Income (IRS master file)
- $1,538,124
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,954,743 | $1,541,704 | $16,477,206 | XML |
| 990-PF | December 2024 | $8,304,251 | $1,143,215 | $14,464,887 | XML |
| 990-PF | December 2023 | $1,040,077 | $0 | $1,035,114 | XML |
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 37-2117735).
Questions about SUMMIT FOUNDATION INC
- What is the EIN of SUMMIT FOUNDATION INC?
- The employer identification number (EIN) of SUMMIT FOUNDATION INC is 37-2117735.
- Is SUMMIT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to SUMMIT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SUMMIT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SUMMIT FOUNDATION INC 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 SUMMIT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SUMMIT FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SUMMIT FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,954,743, expenses of $1,541,704 and total assets of $16,477,206 at year end.
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