Nonprofit · EIN 56-6534008
SUMMER REST FOUNDATION
Also known as SUE M TURNER TTEE
Tax-exempt · RALEIGH, NC 27628
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $932,215 | $563,714 | $368,501 | $7,771,233 | $268,600 | $7,502,633 |
| December 31, 2023 | 990-PF | $724,766 | $644,203 | $80,563 | $7,469,573 | $198,000 | $7,271,573 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $173,229
- Dividends
- $161,473
- Interest
- $25,382
- Net gain from sales of assets
- $571,884
- Other income
- $247
Expenses
- Grants and similar amounts paid
- $474,963
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $477,713
- Excise tax on investment income
- $9,519
Balance sheet and other
- Total assets, start of year
- $7,469,573
- Total assets, end of year
- $7,771,233
- Total liabilities, end of year
- $268,600
- Net assets, end of year
- $7,502,633
- Fair market value of assets
- $10,647,877
- Qualifying distributions
- $477,713
- Net investment income
- $752,123
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 |
|---|---|---|---|
| SUE M TURNER 415 SUMMER REST ROAD, WILMINGTON, NC 28405 | BOARD CHAIR | 0.5 | $0 |
| JAY G LOFTIN JR 5100 WINDING VIEW LANE, RALEIGH, NC 27615 | TRUSTEE | 0.5 | $0 |
| TISH TURNER 3301 BELLEWOOD FOREST CIRCLE, RALEIGH, NC 27612 | EXECUTIVE DIRECTOR | 0.5 | $0 |
| TODD TURNER 2 SHORE DRIVE, WILMINGTON, NC 28480 | TREASURER | 0.5 | $0 |
| GEORGE TURNER 415 SUMMER REST ROAD, WILMINGTON, NC 28405 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE M TURNER 415 SUMMER REST ROAD, WILMINGTON, NC 28405 | BOARD CHAIR | 0.5 | $0 |
| JAY G LOFTIN JR 5100 WINDING VIEW LANE, RALEIGH, NC 27615 | TRUSTEE | 0.5 | $0 |
| TISH TURNER 3301 BELLEWOOD FOREST CIRCLE, RALEIGH, NC 27612 | EXECUTIVE DIRECTOR | 0.5 | $0 |
| TODD TURNER 2 SHORE DRIVE, WILMINGTON, NC 28480 | TREASURER | 0.5 | $0 |
| GEORGE TURNER 415 SUMMER REST ROAD, WILMINGTON, NC 28405 | TRUSTEE | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6527, RALEIGH, NC 27628-6527
- In care of
- % GEORGE C TURNER
- Signed the 990-PF
- TISH TURNER, EXECUTIVE DIRECTOR
- Phone
- (910) 256-0936
- Return prepared by
- THOMAS JUDY & TUCKER PA
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
- 56-6534008
- 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 (T21)
- Assets (IRS master file)
- $7,771,233
- Income (IRS master file)
- $3,093,693
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $932,215 | $563,714 | $7,771,233 | IRS |
| 990-PF | December 2023 | $724,766 | $644,203 | $7,469,573 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 56-6534008).
Questions about SUMMER REST FOUNDATION
- What is the EIN of SUMMER REST FOUNDATION?
- The employer identification number (EIN) of SUMMER REST FOUNDATION is 56-6534008.
- Is SUMMER REST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to SUMMER REST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SUMMER REST FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SUMMER REST 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 SUMMER REST 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 SUMMER REST FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does SUMMER REST FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $932,215, expenses of $563,714 and total assets of $7,771,233 at year end.
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All nonprofits in RALEIGH · North Carolina · Philanthropy, voluntarism and grantmaking foundations