Summa Global Education
- Assets
- $1.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairless Hills, PA
- Founding
- 10/2011
- Data as of
- 12/2023
- EIN
- 45-1865707
Organization Overview
Summa Global Education, operating under the name Anb Education, is located in Fairless Hills, PA. The organization was established in 2011. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anb Education 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, Anb Education generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FORM 990 - ORGANIZATION'S MISSION SUMMA GLOBAL EDUCATION IS A WORLDWIDE LEADING INTERNATIONAL EXCHANGE ORGANIZATION TO PROVIDE INTERNATIONAL CULTURAL EXCHANGE PROGRAM TO YOUTHS AT HIGH SCHOOL LEVEL FOR EDUCATIONAL PURPOSES. WE SELECT THE SCREENED AND QUALIFIED INTERNATIONAL STUDENTS THROUGH CERTIFIED AGENCIES IN ALL OVER THE WORLD. THE STUDENTS ARE WILLING TO BE EXPOSED TO AMERICAN CULTURE AND DEVELOPE THEM SELVES UNDER AMERICAN EDUCATIONAL SYSTEM. SUMMA GLOBAL EDUCATION MATCHES HOST FAMILIES AND SCHOOLS WITH OUR INTERNATIONAL STUDENTS, STAYING WITH HOST FAMILY IS A KEY TOOL FOR THE STUDENTS TO LEARN AMERICAN CULTURE AND ENGLISH. WE ALSO GUIDE AND ASSIST THEIR NEED THROUGH OUT THEIR STAY. FORM 990, PART III, LINE 4D - ALL OTHER ACCOMPLISHMENTS PROVIDED INTERNATIONAL CULTURAL EXCHANGE PROGRAMS TO YOUTHS AT HIGH SCHOOL LEVEL FOR EDUCATIONAL PURPOSES( 151 STUDENTS PARTICIPATED IN 2018) FORM 990, PART VI, LINE 2 - RELATED PARTY INFORMATION AMONG OFFICERS SUMMA GLOBAL EDUCATION G L O B AL V
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INTERNATIONAL CULTURAL EXCHANGE PROGRAMS TO YOUTHS AT HIGH SCHOOL LEVEL FOR EDUCATIONAL PURPOSES( 151 STUDENTS PARTICIPATED IN 2018)
PROVIDED INTERNATIONAL CULTURAL EXCHANGE PROGRAMS TO YOUTHS AT HIGH SCHOOL LEVEL FOR EDUCATIONAL PURPOSES( 151 STUDENTS PARTICIPATED IN 2018)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheol Hee Yun President | Officer | $0 | |
Mila Yoon Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35 |
| Total Program Service Revenue | $2,259,120 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,259,155 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $91,141 |
| 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 | $0 |
| Fees for services: Other | $1,628,460 |
| Advertising and promotion | $55,966 |
| Office expenses | $15,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,754 |
| Insurance | $70,545 |
| All other expenses | $0 |
| Total functional expenses | $2,197,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,861 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $758,848 |
| 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 | $0 |
| Net Land, buildings, and equipment | $95,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $604,203 |
| Total assets | $1,468,463 |
| Accounts payable and accrued expenses | $46,359 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $868,715 |
| Total liabilities | $915,074 |
| Net assets without donor restrictions | $553,389 |
| Net assets with donor restrictions | $0 |
| 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 | $1,468,463 |