Summersault Foundation

Neptune, NJ
Tax-exempt since Aug. 2008
EIN: 20-8989115

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$57.9k (2024)

Expenses

$100k (2024)

Total Assets

$269k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$57,889

Expenses

$100,220

Net Income

-$42,331

Net Assets

$269,132

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$29,000	50.1%
Interest Revenue	$0
Dividends	$4,670	8.1%
Sales of Assets	$24,219	41.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,520	99.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$269,132
Total Liabilities	$0
Net Assets	$269,132

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Deborah Lodato (Treasurer)	$0	$0
Steven Treson (Secretary)	$0	$0
Kathy Collins (Director)	$0	$0
Amie Taylor (Director)	$0	$0

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990-PF

Filed on May 8, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$15,069

Expenses

$32,842

Net Income

-$17,773

Net Assets

$311,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,500	23.2%
Interest Revenue	$2	0.0%
Dividends	$4,870	32.3%
Sales of Assets	$6,697	44.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,112	97.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$311,463
Total Liabilities	$0
Net Assets	$311,463

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Deborah Lodato (Treasurer)	$0	$0
Steven Treson (Secretary)	$0	$0

990-PF

Filed on June 18, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

-$1,085

Expenses

$34,346

Net Income

-$35,431

Net Assets

$329,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1
Dividends	$4,877
Sales of Assets	-$5,963
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,614	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$329,236
Total Liabilities	$0
Net Assets	$329,236

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Deborah Lodato (Treasurer)	$0	$0
Steven Treson (Secretary)	$0	$0

990-PF

Filed on June 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2021

Revenue

$39,097

Expenses

$30,226

Net Income

$8,871

Net Assets

$364,667

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	25.6%
Interest Revenue	$1	0.0%
Dividends	$4,738	12.1%
Sales of Assets	$24,358	62.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,692	98.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$364,667
Total Liabilities	$0
Net Assets	$364,667

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Deborah Lodato (Treasurer)	$0	$0
Steven Treson (Secretary)	$0	$0

990-PF

Filed on June 25, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$45,518

Expenses

$72,463

Net Income

-$26,945

Net Assets

$355,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	54.9%
Interest Revenue	$8	0.0%
Dividends	$2,918	6.4%
Sales of Assets	$17,592	38.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,025	99.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$355,796
Total Liabilities	$1
Net Assets	$355,795

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Deborah Lodato (Treasurer)	$0	$0
Steven Treson (Secretary)	$0	$0

990-PF

Filed on May 7, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

-$14,022

Expenses

$63,011

Net Income

-$77,033

Net Assets

$382,740

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000
Interest Revenue	$28
Dividends	$447
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,011	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$382,741
Total Liabilities	$1
Net Assets	$382,740

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Christopher Marks (Secretary)	$0	$0
Deborah Lodato (Treasurer)	$0	$0
Steven Treson (Director)	$0	$0

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990-PF

Filed on May 27, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

-$9,162

Expenses

$56,710

Net Income

-$65,872

Net Assets

$459,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$102
Dividends	$422
Sales of Assets	-$9,686
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,710	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$459,774
Total Liabilities	$0
Net Assets	$459,774

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Christopher Marks (Secretary)	$0	$0
Deborah Lodato (Treasurer)	$0	$0
Steven Treson (Director)	$0	$0

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990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$2,393

Expenses

$86,761

Net Income

-$84,368

Net Assets

$525,946

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,998	> 100%
Interest Revenue	$30	1.3%
Dividends	$1,030	43.0%
Sales of Assets	-$5,665
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,761	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$525,946
Total Liabilities	$0
Net Assets	$525,946

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Christopher Marks (Secretary)	$0	$0
Deborah Lodato (Treasurer)	$0	$0

990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

-$408,896

Expenses

$99,088

Net Income

-$507,984

Net Assets

$610,314

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,750
Interest Revenue	$54
Dividends	$0
Sales of Assets	-$415,700
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,088	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$610,314
Total Liabilities	$0
Net Assets	$610,314

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Christopher Marks (Secretary)	$0	$0
Deborah Lodato (Treasurer)	$0	$0

990-PF

Filed on May 30, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$21,195

Expenses

$107,155

Net Income

-$85,960

Net Assets

$1,118,518

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,500	30.7%
Interest Revenue	$73	0.3%
Dividends	$1,467	6.9%
Sales of Assets	$13,155	62.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,079	99.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,118,518
Total Liabilities	$0
Net Assets	$1,118,518

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Christopher Marks (Secretary)	$0	$0
Deborah Lodato (Treasurer)	$0	$0

990-PF

Filed on Nov. 7, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

-$404,523

Expenses

$203,672

Net Income

-$608,195

Net Assets

$1,206,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,420
Interest Revenue	$147
Dividends	$9,847
Sales of Assets	-$426,937
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$202,790	99.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,206,558
Total Liabilities	$0
Net Assets	$1,206,558

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Christopher Marks (Secretary)	$0	$0
Deborah Lodato (Treasurer)	$0	$0

990-PF

Filed on Aug. 10, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$12,602

Expenses

$134,686

Net Income

-$122,084

Net Assets

$1,814,753

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$391	3.1%
Dividends	$12,211	96.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$133,223	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,814,753
Total Liabilities	$0
Net Assets	$1,814,753

Compensation

Key Employees and Officers	Compensation	Other
Michel Marks (President)	$0	$0
Christopher Marks (Secretary)	$0	$0

990-PF

Filed on June 17, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

-$30,160

Expenses

$122,728

Net Income

-$152,888

Net Assets

$1,936,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$561
Dividends	$6,095
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,957	98.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,936,837
Total Liabilities	$1
Net Assets	$1,936,836

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,777

Expenses

$186,241

Net Income

-$182,464

Net Assets

$2,089,724

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,598	68.8%
Dividends	$1,107	29.3%
Sales of Assets	$0
Other Income	$72	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$185,724	99.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,089,725
Total Liabilities	$1
Net Assets	$2,089,724

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Summersault Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $57.9k (2024)

Expenses $100k (2024)

Total Assets $269k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$57.9k (2024)

Expenses

$100k (2024)

Total Assets

$269k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007