Summerlee Foundation
- Assets
- $74.2m
- Revenue
- $6.1m
- Investments
- $71.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 75-2252355
Organization Overview
Summerlee Foundation is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Summerlee 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 06/2022, Summerlee Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 11.5% per year over the past 3 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.
Since 2021, Summerlee Foundation has awarded 493 individual grants totaling $6,925,939. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ASSOCIATED WITH OPERATING COTTLE RANCH, A 316 ACRE RANCH THAT HOUSES THE FOUNDATION'S EQUINE POPULATION IN COTTLE COUNTY, TEXAS.
ANIMAL PROTECTION PROGRAM: THE SUMMERLEE FOUNDATION PROGRAM DIRECTOR FOR ANIMAL PROTECTION PARTICIPATES IN DIRECT CHARITABLE ACTIVITIES THROUGH A PROCESS OF COLLABORATING, CONVENING, CONNECTING, AND COUNSELING. THESE ACTIVITIES SERVE TO FOSTER AND ADVANCE ANIMAL WELFARE AND ANIMAL PHILANTHROPY. THE PROGRAM DIRECTOR FOR THE ANIMAL PROTECTION PROGRAM CONTINUED TO WORK WITH OTHER ANIMAL GRANTMAKING INDIVIDUALS AND INSTITUTIONS WITH ADVICE, SHARING OF KNOWLEDGE AND COLLABORATION STRATEGIES.
THE TEXAS HISTORY PROGRAM OF THE SUMMERLEE FOUNDATION OFFERS OUTREACH SUPPORT TO THE TEXAS HISTORY COMMUNITY THROUGH A WIDE VARIETY OF PROFESSIONAL ACTIVITIES RANGING FROM ARCHEOLOGY TO PRESERVATION TO PUBLICATIONS.IN ADDITION TO OVERSEEING AN EXTENSIVE RESEARCH LIBRARY FOCUSING ON TEXAS AND SOUTHERN HISTORY, THE PRESIDENT AND TEXAS HISTORY PROGRAM OFFICER IS CHARGED WITH PROVIDING TECHNICAL ASSISTANCE TO A BROAD GROUP OF PRESERVATION AND HISTORY ORGANIZATIONS THROUGH TELEPHONIC AND EMAIL CONVERSATIONS AS WELL AS ONSITE INVESTIGATIONS. THE FOUNDATION ALSO SPONSORS OR CO-SPONSORS WORKSHOPS AND SEMINARS TO BOARDS AND STAFFS OF HISTORICAL ORGANIZATIONS. THE PRESIDENT IS A FREQUENT SPEAKER AT LOCAL, STATE, AND NATIONAL PROFESSIONAL CONFERENCES, TOUTING THE BENEFITS OF BETTER GOVERNANCE, BETTER PLANNING, AND THE NEED FOR FINANCIAL SUSTAINABILITY WITH HISTORY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Crain Chairman Of The Board | 5 | $0 | |
Gary N Smith President/tx History Program Director | 40 | $181,863 | |
Mary Volcansek PHD Vice Chair | 5 | $0 | |
Joan Casey Secretary | 5 | $0 | |
Hon David D Jackson Founding Director/asst. Secretary | 5 | $0 | |
Jim Bruseth PHD Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $861,130 |
| Net Rental Income | $16,460 |
| Net Gain on Sale of Assets | $2,038,970 |
| Capital Gain Net Income | $2,039,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,194,969 |
| Total Revenue | $6,129,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $296,092 |
| Other employee salaries and wages | $152,016 |
| Pension plans, employee benefits | -$9,688 |
| Interest | $0 |
| Taxes | $67,577 |
| Depreciation | $34,535 |
| Occupancy | $91,841 |
| Travel, conferences, and meetings | $33,975 |
| Printing and publications | $0 |
| Other expenses | $260,942 |
| Total operating and administrative expenses | $1,183,574 |
| Contributions, gifts, grants paid | $2,849,133 |
| Total expenses and disbursements | $4,032,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37 |
| Savings and temporary cash investments | $212,813 |
| 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 | $33,678 |
| Net Investments - land, buildings, equipment | $839,089 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,956,772 |
| Net Land, buildings, and equipment | $707,030 |
| Other assets | $646,066 |
| Total assets | $74,165,879 |
| Accounts payable and accrued expenses | $52,476 |
| Grants payable | $373,964 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $801,556 |
| Total liabilities | $1,227,996 |
Grants Awarded
Over the last fiscal year, Summerlee Foundation has awarded $2,663,170 in support to 190 organizations.
| Grant Recipient | Amount |
|---|---|
ABARA BORDERLAND CONNECTIONS PURPOSE: GENERAL SUPPORT | $10,000 |
ABANDONED ANIMAL RESCUE PURPOSE: GENERAL SUPPORT | $5,000 |
ADVOCATE FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
AFRICAN AMERICAN HERITAGE PROJECT INC PURPOSE: GENERAL SUPPORT | $15,000 |
ALAQUA ANIMAL REFUGE PURPOSE: GENERAL SUPPORT | $10,000 |
ALPINE HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $5,000 |