Sumner Foundation in Copley, Ohio (OH)

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Sumner Foundation
Employer Identification Number (EIN)341868740
Name of OrganizationSumner Foundation
In Care of NameDale Koblenzer
Address970 Sumner Pkwy, Copley, OH 44321-1693
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date09/1998
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$18,144,272
Amount of Income$951,532
Form 990 Revenue Amount$951,532
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Single Organization Support


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Amount of income in 2012: $951,532
This organization: 

 $951,532
Other organizations performing similar types of work: 

 $6,088,020

Assets in 2012: $18,144,272
This organization: 

 $18,144,272
Other organizations performing similar types of work: 

 $26,323,448

Expenses in 2012: $0
Sumner Foundation: 

 $0
Other organizations performing similar types of work: 

 $1,941,347

Expenses allocated to program services in 2005: 85.4%
This organization: 

 85.4%
Other organizations performing similar types of work: 

 84.3%

Grants share in income in 2012: -,nan,(ind)%
Sumner Foundation: 

 -,nan,(ind)%
Other organizations performing similar types of work: 

 18.7%

Financial snapshot ($)

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$0
Balance Sheet (for 2012)
Total assets$0
Total liabilities$0
Total net assets or fund balances$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032005
Total revenue$2,359,169$1,891,938$814,081$811,914$951,532
Contributions, gifts, grants, and similar amounts received$1,490,602$1,588,921$1,063,826$780,916$837,614
Contributions to donor advised funds
Direct public support$1,490,602$1,588,921$1,063,826$780,916$837,614
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0
Dividends and interest from securities$328,718$343,767$207,614$18,101$113,918
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$539,849$-40,769$-457,359$10,122$0
Gross amount from sales of assets other than inventory$2,267,590$1,051,456$15,164,692$238,672$0
Less: cost or other basis and sales expenses$1,727,741$1,092,225$15,622,051$228,550$0
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$19$0$2,775$0
Total expenses$891,438$1,762,237$9,748,927$871,199$1,672,200
Program services$666,891$1,606,156$9,535,556$605,000$1,428,762
Management and general$91,234$137,656$179,316$173,129$173,360
Fundraising$133,313$18,425$34,055$93,070$70,078
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$27,336,260$28,543,916$15,406,699$21,160,189$18,144,272
Excess or (deficit) for the year$1,467,731$129,701$-8,934,846$-59,285$-720,668
Net assets or fund balances at beginning of year$24,399,153$27,336,260$28,543,916$15,406,699$19,127,942
Other changes in net assets or fund balances$1,469,376$1,077,955$-4,202,371$5,812,775$-263,002
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,672,200$1,428,762$173,360$70,078
Grants paid from donor advised funds
Other grants and allocations$1,428,762
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$49,085$0$0$49,085
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$146$0$0$146
Employee benefits not included above$7,569$0$0$7,569
Payroll taxes$3,357$0$0$3,357
Professional fundraising fees$0$0$0$0
Accounting fees$5,500$0$5,500$0
Legal fees$0$0$0$0
Supplies$9,533$0$0$9,533
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$2,721$0$2,721$0
Other expenses not covered above$165,527$0$165,139$388
Balance Sheets
20002001200220032005
Total assets$27,336,260$28,560,932$15,421,092$21,515,339$20,448,826
Cash - non-interest-bearing$448,412$812,762$57,579$188,627$206,006
Savings and temporary cash investments$0$0$0$4,527,207$4,360,450
Accounts receivable less allowance for doubtful accounts$3,734$0$0$173,270$88,587
Pledges receivable less allowance for doubtful accounts$249,234$134,959$242,769$198,149$19,320
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$2,320$4,264$0$2,823$0
Investments - publicly-traded securities
Investments - other securities$11,510,891$9,978,486$821,993$455,324$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$15,121,669$17,587,920$14,291,320$15,962,981$15,769,966
Land, buildings, and equipment less accumulated depreciation$0$1,296$7,431$6,958$4,497
Other assets, including program-related investments$0$41,245$0$0$0
Total liabilities$0$17,016$14,393$355,150$2,304,554
Accounts payable and accrued expenses$0$17,016$14,393$140,150$84,143
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0
Other liabilities$0$0$0$215,000$2,220,411
Total liabilities and net assets/fund balances$27,336,260$28,560,932$15,421,092$21,515,339$20,448,826
Total net assets or fund balances$27,336,260$28,543,916$15,406,699$21,160,189$18,144,272
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032005
Total revenue$2,359,169$1,891,938$814,081$811,914$951,532
Total revenue, gains, and other support per audited financial statements$3,828,545$2,969,893$-3,388,290$2,624,689$688,530
Other expenses$1,483,302$1,072,554$-4,192,443$5,812,843$-263,002
Net unrealized gains on investments$-1,290,279$-1,393,697$-955,843$141,182$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$2,773,581$2,466,251$-3,236,600$5,671,661$-263,002
Other revenue$13,926$-5,401$9,928$0$0
Investment expenses$0$0$0$0$0
Other$13,926$-5,401$9,928$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032005
Total expenses$891,438$1,762,237$9,748,927$871,199$1,672,200
Total expenses and losses per audited financial statements$891,438$1,762,237$9,748,927$871,199$1,672,200
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20061
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$113,918$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$113,918$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType II
Support Schedule
19992000200120022004
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas5
Arizona2
California36
Colorado8
Connecticut10
District of Columbia2
Delaware1
Florida18
Georgia5
Hawaii3
Iowa10
Idaho2
Illinois25
Indiana10
Kansas5
Kentucky4
Louisiana9
Massachusetts13
Maryland18
Maine6
Michigan12
Minnesota7
Missouri13
Mississippi3
North Carolina15
North Dakota1
Nebraska5
New Hampshire1
New Jersey14
New Mexico2
Nevada1
New York27
Ohio37
Oklahoma3
Oregon2
Pennsylvania30
Rhode Island9
South Carolina3
South Dakota2
Tennessee5
Texas22
Virginia18
Washington9
Wisconsin6
West Virginia5
Total450

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