The Summersault Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEPTUNE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $269K in total assets. In 2024, it awarded 14 grants totaling $106K. Net investment income was $28K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$269K
-13.6% YoY
Annual Giving
$106K
+254.1% YoY
Grant Count
14
+40.0% YoY
Avg Grant Size
$8K
+152.9% YoY
Under IRS private-foundation payout rules, The Summersault Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About The Summersault Foundation
Based on IRS filings
The Summersault Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEPTUNE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $269K in total assets. In 2024, it awarded 14 grants totaling $106K. Net investment income was $28K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $269,132 | $311,463 | $329,236 |
| Revenue | $57,889 | $15,069 | $-1,085 |
| Expenses | $100,220 | $32,842 | $34,346 |
| Qualifying Distributions | $99,520 | $32,112 | $33,614 |
| Net Investment Income | $28,189 | $10,839 | $4,146 |
| Distributable Amount | $13,143 | $10,643 | $11,643 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Atlantic Center for Capital ($25,000), Two River Theater ($20,000), Haddon Township Education Foundation ($13,900).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUBS OF MONMOUTH COUNTY ASBURY PARK, NJ | GENERAL SUPPORT | $1,500 |
| FAST ST JOHNS, FL | SWIM PROGRAM | $5,000 |
| FOR ALL SEASONS EASTON, MD | GENERAL SUPPORT | $5,000 |
| FORGE GREENSBORO GREENSBORO, NC | FOR PRE APPRENTICE ASSISTANCE PROGRAM AND METAL SHOP | $6,500 |
| HADDON TOWNSHIP EDUCATION FOUNDATION HADDON TOWNSHIP, NJ | GENERAL SUPPORT | $13,900 |
| SADDLER'S WOODS CONSERVATION ASSOCIATION OAKLYN, NJ | GENERAL SUPPORT | $2,500 |
| TOYS FOR TOTS GREENSBORO, NC | GENERAL SUPPORT | $1,500 |
| ATLANTIC CENTER FOR CAPITAL PHILADELPHIA, PA | GENERAL SUPPORT | $25,000 |
| TWO RIVER THEATER RED BANK, NJ | GENERAL SUPPORT | $20,000 |
| CARMEL CONNECTION FOUNDATION BAY HEAD, NJ | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHEL MARKS | PRESIDENT | — | — |
| DEBORAH LODATO | TREASURER | — | — |
| STEVEN TRESON | SECRETARY | — | — |
| KATHY COLLINS | DIRECTOR | — | — |
| AMIE TAYLOR | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Summersault Foundation?
The Summersault Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEPTUNE, NJ. It holds $269K in total assets as of 2024.
How large is The Summersault Foundation?
As of 2024, The Summersault Foundation holds $269K in total assets with $58K in annual revenue. It awarded 14 grants totaling $106K in 2024.
Where does The Summersault Foundation operate?
The Summersault Foundation has awarded grants in California, District of Columbia, Florida, Kentucky, Maryland, North Carolina, New Jersey, New York, Ohio, Pennsylvania.
What size grants does The Summersault Foundation award?
In 2024, The Summersault Foundation awarded 14 grants totaling $106K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Summersault Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Summersault Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Summersault Foundation's EIN?
The Summersault Foundation's EIN (Employer Identification Number) is 20-8989115. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Summersault Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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