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Summit Educational Foundation

SUMMIT, NJ EIN: 22-2871770 Website

TO MAINTAIN AND ENHANCE THE HIGH QUALITY OF A SUMMIT, NEW JERSEY PUBLIC SCHOOL EDUCATION THROUGH COMMUNITY FUNDING OF INNOVATIVE AND ESSENTIAL EDUCATIONAL GRANTS, A CLOSE WORKING RELATIONSHIP WITH THE SCHOOL DISTRICT, AND CAREFUL REVIEW, EVALUATION AND FINANCIAL OVERSIGHT OF SUPPORTED INITIATIVES.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$7.3M

+4.0% YoY

Annual Giving

$438K

-31.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$438K

-31.3% YoY

About Summit Educational Foundation

Based on IRS filings

Summit Educational Foundation is a nonprofit organization, based in SUMMIT, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $7.3M in total assets. In 2025, it awarded 1 grants totaling $438K. Net investment income was $315K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Summit

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$385K$770K$1M$2M20212022202320242025
Metric202520242023
Total Assets$7,268,741$6,988,462$6,545,923
Revenue$661,861$549,362$689,080
Expenses$506,499$708,184$656,474
Qualifying Distributions
Net Investment Income$314,554$136,255$282,454
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$180K$359K$539K$719K1 grants20210 grants20221 grants20231 grants20241 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

SUMMIT BOARD OF EDUCATION$438K

Grant Size Distribution

4 grants across all recorded years

<$50K$50–100K$100–250K1$250–500K3$500K–1M$1–5M$5M+

Open Grants

1 open opportunity from Summit Educational Foundation

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

NameTitleHoursCompensation
MELISSA MADDENCO-PRESIDENT10
HEATHER THOMASCO-PRESIDENT10
AMANDA DARNOWSKISECRETARY10
RACHEL CALLAHANTREASURER5
LESLEY ARLEINTRUSTEE1
NICOLE ABBOTTTRUSTEE1
MATTHEW CARDERTRUSTEE1
LAURA LAMEOTRUSTEE1
SUSAN DANIELTRUSTEE1
CHELLE DONNELLYTRUSTEE1
JODI ENGLERTTRUSTEE1
TIME ERDAYTRUSTEE1
PAUL LAMEOTRUSTEE1
LAURA MADDENTRUSTEE1
JOHN MELLTRUSTEE1
LAUREN POSTTRUSTEE1
TEAL RODRIGUEZTRUSTEE1
THERESA MARTINTRUSTEE1
JUDY SHUETRUSTEE1
KELLY STANTONTRUSTEE1
NICOLE TARTAGLIATRUSTEE1
LORI TULLOCHTRUSTEE1
SAMANTHA WHITETRUSTEE1

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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