Summit Speech School
- Assets
- $9.3m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 52
- Location
- New Providence, NJ
- Founding
- 06/1970
- Data as of
- 06/2021
- EIN
- 22-1829502
Organization Overview
Summit Speech School is located in New Providence, NJ. The organization was established in 1970. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Summit Speech School employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Speech School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Summit Speech School generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER CHILDREN WITH HEARING LOSS TO BECOME EFFECTIVE COMMUNICATORS USING LISTENING AND SPOKEN LANGUAGE. WITH SUPPORT FROM FAMILIES AND PROFESSIONALS, THERE ARE NO LIMITS TO OUR CHILDREN REACHING THEIR FULLEST POTENTIAL IN THEIR HOMES, SCHOOLS, AND COMMUNITIES, AND BECOMING LIFELONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITINERANT PROGRAM - SPECIALLY TRAINED TEACHERS OF THE DEAF PROVIDE SUPPORT TO CHILDREN AND YOUNG ADULTS, PARENTS, AND SCHOOL PERSONNEL, FROM PRESCHOOL THROUGH HIGH SCHOOL, TO MAXIMIZE THE BENEFITS RECEIVED FROM MAINSTREAM PLACEMENT.
EDUCATION OF HEARING IMPAIRED CHILDREN THREE TO FIVE YEARS OF AGE.
PROVIDE EARLY INTERVENTION SERVICES TO CHILDREN ZERO TO THREE YEARS OF AGE. OFFERS PARENTS AND CAREGIVERS THE SKILLS AND CONFIDENCE THEY NEED TO HELP THEIR YOUNG CHILDREN LEARN TO LISTEN AND TALK . INDIVIDUALIZED SESSIONS PROVIDED AT HOME OR IN CHILDCARE SETTINGS ARE GUIDED BY CERTIFIED TEACHERS OF THE DEAF AND FOCUS ON AUDITORY HABILITATION AND SPEECH/LANGUAGE DEVELOPEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Baumont Executive Dir. | Officer | 40 | $126,982 |
Pamela Ranco Sch Bus Admin | Officer | 40 | $96,455 |
Stephen Deering Treasurer | OfficerTrustee | 2 | $0 |
Stephen Bridgman Vice Chair | OfficerTrustee | 2 | $0 |
John Thoms Chairman | OfficerTrustee | 5 | $0 |
Mark Thomas Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $237,227 |
| Related organizations | $0 |
| Government grants | $589,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $590,290 |
| Noncash contributions included in lines 1a–1f | $82,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,416,910 |
| Total Program Service Revenue | $2,826,032 |
| Investment income | $145,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,568,138 |
| Net Income from Fundraising Events | -$99,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,858,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,354 |
| Compensation of current officers, directors, key employees. | $270,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,603,310 |
| Pension plan accruals and contributions | $8,115 |
| Other employee benefits | $510,730 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,629 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,565 |
| Insurance | $39,365 |
| All other expenses | $52,328 |
| Total functional expenses | $3,881,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,428,770 |
| Pledges and grants receivable | $47,152 |
| Accounts receivable, net | $277,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,000 |
| Net Land, buildings, and equipment | $594,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,922,767 |
| Total assets | $9,329,537 |
| Accounts payable and accrued expenses | $266,602 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $60,296 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $326,898 |
| Net assets without donor restrictions | $3,544,420 |
| Net assets with donor restrictions | $5,458,219 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,329,537 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Summit Speech School has recieved totaling $732,933.
| Awarding Organization | Amount |
|---|---|
Oberkotter Foundation Philadelphia, PA PURPOSE: LSL SUPPORT - CHILDREN AND FAMILIES | $250,000 |
Margaret A@darrin Charitable Trust Florham Park, NJ PURPOSE: TO FURTHER ADVANCE THE ORGANIZATIONS CHARITABLE PURPOSE | $250,000 |
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $65,000 |
Steven And Beverly Rubenstein Charitable Foundation Inc West Palm Beach, FL PURPOSE: DONATION | $25,000 |
C Northrop Pond & Alethea Marder Pond Foundation Tr Ua Pittsburgh, PA PURPOSE: PARENT/INFANT PROGRAM | $25,000 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: HARD COSTS RELATED TO FACILITY RENOVATIONS AND IMPROVEMENTS. | $18,000 |
Endowment Analysis
| Beg. Balance | $5,617,089 |
| Earnings | $1,537,479 |
| Other Expense | $103,000 |
| Ending Balance | $7,051,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |
Martin De Porres School Inc Elmont, NY | $5,784,072 | $14,760,411 |