Meade Summers Jr Foundation
- Assets
- $7.5m
- Revenue
- $972.8k
- Investments
- $7.4m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 43-6870294
Organization Overview
Meade Summers Jr Foundation is located in Saint Louis, MO. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meade Summers Jr Foundation 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 12/2023, Meade Summers Jr Foundation generated $972.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $286.1k during the year ending 12/2023. While expenses have increased by 18.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021;THE GRANTOR- TRUSTEE THE FOUNDATION DIED IN 2021 2022; A NEW BOARD WAS CONVENED & CONTRIBUTIONS TO CHARITIES WERE MADE 2023; CONTRIBUTIONS TO CHARITIES WERE MADE AS REQUIRED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie B Wolfarth 72121 Trustee | 0.25 | $20,000 | |
Brick P Storts 72121 Trustee | 0.25 | $20,000 | |
H Meade Summers III Trustee | 1 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $653,093 |
| Interest on Savings | $1,552 |
| Dividends & Interest | $318,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $972,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $89,053 |
| Contributions, gifts, grants paid | $197,000 |
| Total expenses and disbursements | $286,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,984 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,339,388 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,456,742 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Meade Summers Jr Foundation has awarded $197,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GATEWAY 180 PURPOSE: RESTRICTED | $25,000 |
ST PETER'S EPISCOPAL CHURCH PURPOSE: RESTRICTED | $52,000 |
MARY INSTITUTE COUNTRY DAY PURPOSE: RESTRICTED | $120,000 |