Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
SUMMIT EDUCATIONAL FOUNDATION
 
Employer identification number
22-2871770
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government
(b) EIN (c) IRC Code section
if applicable
(d) Amount of cash grant (e) Amount of non-cash
assistance
(f) Method of valuation
(book, FMV, appraisal,
other)
(g) Description of
non-cash assistance
(h) Purpose of grant
or assistance
(1) SUMMIT BOARD OF EDUCATION
90 MAPLE STREET
SUMMIT,NJ07901
22-6002333   292,371       EDUCATION






















2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
1
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
1
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2012
Page 2

Schedule I (Form 990) 2012
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients
(c)Amount of
cash grant
(d)Amount of
non-cash assistance
(e)Method of valuation (book,
FMV, appraisal, other)
(f)Description of non-cash assistance












Part IV
Supplemental Information.
Complete this part to provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Identifier Return Reference Explanation
PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: AFTER THE ORIGINAL GRANT HAS BEEN REVIEWED BY THE GRANTS COMMITTEE, APPROVED BY THE SEF BOARD AND AWARDED TO THE APPLICANT, BOTH SEF AND THE BOE RECORD A DETAILED ACCOUNTING FOR EACH GRANT BY GRANT NAME, GRANT CYCLE AND TOTAL DOLLAR AMOUNT AWARDED. TWICE PER SCHOOL YEAR (USUALLY DECEMBER AND JUNE), THE BOE PREPARES A DETAILED BILLING BY SPECIFIC GRANT BASED ON WHAT HAS BEEN PAID OUT FOR EACH GRANT THROUGH THE BOE ACCOUNTS PAYABLE SYSTEM. THE SEF TREASURER REVIEWS THE BILL LINE BY LINE AND COMPARES THE SEF RECORDED BEGINNING BALANCE, AMOUNT BILLED AND ENDING BALANCE TO THE BOE BALANCES. ANY DIFFERENCES ARE RESEARCHED BY THE SEF TREASURER AND THE BOE ACCOUNTS PAYABLE REPRESENTATIVE. GRANTS THAT REMAIN OPEN FOR OVER 18 MONTHS ARE REVIEWED BY THE SEF TREASURER, BOE ACCOUNTS PAYABLE REPRESENTATIVE, SEF GRANTS COMMITTEE AND ORIGINAL GRANT APPLICANT, IF NECESSARY, TO ENSURE THAT THE GRANT SHOULD REMAIN OPEN OR SHOULD BE CLOSED.
Schedule I (Form 990) 2012


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