2015-02-17T08:45:34-06:00 2014-03-31 BDO USA LLP 8405 GREENSBORO DRIVE 7TH FLOOR MCLEAN VA 22102 990 2013-04-01 521799774 THE SUMMIT FUND OF WASHINGTON % DIANE CROCKETT SUMM 2029122900 2100 PENNSYLVANIA AVENUE NW Suite 525 WASHINGTON DC 20037 DIANE CROCKETT officer 7038930600 2015-02-17 true Jeffrey J Schragg P00234543 7038930600 2013 2016-03-07 17:11:31Z LINDA HOWARD 2100 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 3992790 false X http://www.summitfdn.org/fund/index.html X 1992 DC THE SUMMIT FUND'S MISSION IS TO SUPPORT THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION (CFNCR), A 501(C)(3) ORGANIZATION. 9 8 0 8 299 -1676 3006492 1827196 0 0 225871 10391 0 0 3232363 1837587 3232363 4754087 18270130 0 0 331438 321583 0 0 270910 182394 22094986 5267919 -18862623 -3430332 32731596 27695467 12437119 9326540 20294477 18368927 THE SUMMIT FUND OF WASHINGTON IS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION (CFNCR), A 501(C)(3) ORGANIZATION. THE SUMMIT FUND'S MISSION IS TO SUPPORT CFNCR THROUGH ITS COMMITMENT TO BRING ABOUT TANGIBLE AND MEASURABLE IMPROVEMENT IN THE QUALITY OF LIFE WITHIN THE WASHINGTON DC COMMUNITY. false false 1285042 1140143 RESTORING THE ANACOSTIA: SUMMIT'S LONG-TERM GOAL IS TO ENSURE THAT THE ANACOSTIA BECOMES A BIOLOGICALLY PRODUCTIVE, SOCIALLY VIABLE RIVER THAT IS A SOURCE OF PRIDE FOR THE NATIONAL CAPITAL REGION. 1633978 1489079 PREVENTING TEEN PREGNANCY: THE LEVEL OF TEEN PREGNANCY IS A KEY INDICATOR OF THE HEALTH OF OUR COMMUNITY AND SUMMIT FUND IS COMMITTED TO ACCELERATING THE DECLINE. 2124865 2124865 THE SUMMIT FUND ALSO MAKES GRANTS TO ORGANIZATIONS THAT SUPPORT THE CHARITABLE, CIVIC, AND CULTURAL NEEDS OF THE GREATER WASHINGTON DC REGION. 5043885 true true false false false true false false false false true true false false false true false true false false false false false false false false false true false true false false false false false false false false true false false false false true false false false true 0 0 0 false true true GK false false false false false false false false false false false X 9 8 true false false false false true false true true false false true true true true true true false false false X DIANE CROCKETT 2029122900 2100 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 LINDA HOWARD TREASURER 40.0 0.0 X X 157167 0 28525 ROGER W SANT CHAIRMAN 1.0 0.0 X X 0 0 0 VICTORIA P SANT PRESIDENT 1.0 0.0 X X 0 0 0 DOUGLAS BIBBY SECRETARY 1.0 0.0 X X 0 0 0 CAROL THOMPSON COLE DIRECTOR 1.0 0.0 X 0 0 0 DONALD GRAHAM DIRECTOR 1.0 0.0 X 0 0 0 M CHARITO KRUVANT DIRECTOR 1.0 0.0 X 0 0 0 DIANE SIMMONS WILLIAMS DIRECTOR 1.0 0.0 X 0 0 0 AILEEN B TRAIN DIRECTOR 1.0 0.0 X 0 0 0 157167 0 28525 1 false true false 0 1827196 1468750 1827196 0 102214 299 101915 0 0 0 0 0 2063380 2155203 -91823 -91823 0 0 0 0 1837587 299 101915 4754087 4754087 0 0 0 0 0 0 0 0 261945 166917 95028 26146 16661 9485 25785 16431 9354 17562 11191 6371 0 2263 2263 0 0 0 23392 23392 15294 14465 829 0 22987 14648 8339 12030 7666 4364 0 60840 38769 22071 1532 1532 0 724 461 263 0 30000 30000 8144 8144 3279 3279 DUES AND MEMBERSHIPS 1659 1057 602 EXCISE TAXES 250 250 5267919 5043885 224034 0 0 0 4674335 6857391 0 0 25600 10918 0 0 0 0 0 0 0 0 14216 2037 28515 14254 22405 14261 6944634 1882002 21050406 18928858 0 0 0 0 0 0 32731596 27695467 5403 2612 12431716 9323928 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12437119 9326540 X 20294477 18368927 0 0 0 0 20294477 18368927 32731596 27695467 -3430332 1504782 X false true X true false X X X false false false THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION 237343119 09 true true true 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1468750 1871248 8017584 true true 28515 14254 14261 14261 CREDIT HEDGE FUNDS 8476174 F DOMESTIC/GLOBAL EQUITY 5627791 F FOREIGN EQUITY 813656 F HEDGE FUNDS 1685579 F PRIVATE EQUITY 1291515 F COMMODITIES 1034143 F 18928858 0 0 X 128480798 1504782 125138429 126643211 1837587 1837587 89451333 84183414 84183414 5267919 5267919 FORM 990, SCHEDULE D, PART X, LINE 2 - FIN 48 AUDIT FOOTNOTE FIN 48 AUDIT FOOTNOTE AS REPORTED IN THE 03/31/2014 AUDITED FINANCIALS STATEMENTS OF THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION ("THE FOUNDATION"): IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FASB, THE COMMUNITY FOUNDATION RECOGNIZES TAX LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAT NOT THAT A TAX POSITION WILL NOT BE SUSTAINED UPON EXAMINATION AND SETTLEMENT WITH VARIOUS TAXING AUTHORITIES. LIABILITIES FOR UNCERTAIN TAX POSITIONS ARE MEASURED BASED UPON THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. WITH FEW EXCEPTIONS, THE COMMUNITY FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS ENDED MARCH 31, 2010 AND PRIOR. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE COMMUNITY FOUNDATION, THE SUMMIT FUND, AND THE STEINBERG FOUNDATION AND HAS CONCLUDED THAT NO MATERIAL UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. FORM 990, SCHEDULE D, PART XII, LINE 2d - OTHER REVENUE NOT ON RETURN REVENUE FROM RELATED ORGANIZATIONS (KRISTIN AND DAVID STEINBERG FOUNDATION AND THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION) $125,138,429 FORM 990, SCHEDULE D, PART XIII, LINE 2d -OTHER EXPENSE NOT ON RETURN EXPENSES FROM RELATED ORGANIZATIONS (KRISTIN AND DAVID STEINBERG FOUNDATION AND THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION) $84,183,414 true Acumen Fund Inc 76 Ninth Avenue Suite 315 New York NY 10011 134166228 501c(3) 1000000 ORG SUPPORT Advocates for Youth 2000 M Street NW Suite 750 Washington DC 20036 521173590 501c(3) 200000 ORG SUPPORT American Academy of Pediatrics DC Chapter PO Box 6236 Washington DC 20015 521457413 501c(3) 30000 ORG SUPPORT Anacostia Riverkeeper 515 M Street SE Suite 218 Washington DC 20003 611574670 501c(3) 30000 ORG SUPPORT Anacostia Watershed Society 4302 Baltimore Avenue Bladensburg MD 20710 521666511 501c(3) 100000 ORG SUPPORT Audubon Naturalist Society 8940 Jones Mill Road Chevy Chase MD 20815 530233715 501c(3) 65000 ORG SUPPORT Chesapeake Media Service Inc 619 Oakwood Drive Seven Valleys PA 17360 262359058 501c(3) 18000 ORG SUPPORT Child Trends Incorporated 7315 Wisconsin Avenue Suite 1200W Washington MD 20814 132982989 501c(3) 20000 ORG SUPPORT Children's Hospital Foundation 111 Michigan Avenue NW Washington DC 20010 521640402 501c(3) 110000 ORG SUPPORT Crittenton Services of Greater Washington 815 Silver Spring Avenue Silver Spring MD 20910 530196511 501c(3) 99000 ORG SUPPORT The Community Fdn for the Natl Capital Rgn 1201 15th Street NW Suite 420 Washington DC 20005 237343119 501c(6) 728538 ORG SUPPORT DC Appleseed Center 1111 14th Street NW Suite 510 Washington DC 20005 521891162 501c(3) 140000 ORG SUPPORT DC Campaign to Prevent Teen Pregnancy 1112 Eleventh Street NW Suite 100 Washington DC 20001 522157224 501c(3) 240000 ORG SUPPORT DC Wheel Productions IncDance Place 3225 8th Street NE Washington DC 20017 521118504 501c(3) 20000 ORG SUPPORT Earthjustice 1625 Massachusetts Avenue NW Suite 702 Washington DC 20036 941730465 501c(3) 50000 ORG SUPPORT Environmental Leadership Program Inc PO Box 907 Greenbelt MD 20768 043521791 501c(3) 20000 ORG SUPPORT Federal City Council 1156 15th Street NW Suite 600 Washington DC 20006 530219643 501c(3) 600000 ORG SUPPORT Global Green USA 1100 15th Street NW 11th Floor Washington DC 20005 770387124 501c(3) 40000 ORG SUPPORT Kakenya Center for Excellence 2100 Pennsylvania Avenue NW Suite 525 Washington DC 20037 263658409 501c(3) 75790 ORG SUPPORT Latin American Youth Center 1419 Columbia Road NW Washington DC 20009 521023074 501c(3) 56321 ORG SUPPORT Mary's Center for Maternal & Child Care Inc 2333 Ontario Road NW Washington DC 20009 521594116 501c(3) 100000 ORG SUPPORT Men Can Stop Rape 1130 6th Street NW Suite 100 Washington DC 20001 522007652 501c(3) 50000 ORG SUPPORT Metro TeenAIDS 651 Pennsyvania Avenue SE Washington DC 20003 521610088 501c(3) 125000 ORG SUPPORT National Wildlife Federation 1110D Wildlife Center Drive Reston VA 20190 530204616 501c(3) 50000 ORG SUPPORT The Next Step Public Charter School Inc 3047 15th Street NW Washington DC 20009 522103442 501c(3) 40000 ORG SUPPORT Planned Parenthood of Metropltn Washington 1108 16th Street NW Washington DC 20036 530204621 501c(3) 108086 ORG SUPPORT Sasha Bruce Youthwork Inc 741 Eighth Street SE Washington DC 20003 521006486 501c(3) 125000 ORG SUPPORT The Shakespeare Theatre 516 Eighth Street SE Washington DC 20003 521405988 501c(3) 25000 ORG SUPPORT TAYA Health 1400 Spring Street Suite 200 Silver Spring MD 20912 522257336 501c(3) 40672 ORG SUPPORT Venture Philanthropy Partners 1201 15th Street NW Suite 510 Washington DC 20005 311713618 501c(3) 100000 ORG SUPPORT Washington Hospital Center Foundation 110 Irving Street NW Washington DC 20010 521791670 501c(3) 75000 ORG SUPPORT Washington Regional Assn of Grantmakers 1400 16th Street NW Suite 740 Washington DC 20036 521756853 501c(3) 8100 ORG SUPPORT World Wildlife Fund 1250 24th Street NW PO Box 97180 Washington DC 20090 521693387 501c(3) 300000 ORG SUPPORT The Young Women's Project 1328 Florida Avenue NW Suite 203 Washington DC 20009 521898999 501c(3) 50000 ORG SUPPORT 34 FORM 990, SCHEDULE I, PART I, LINE 2 - MONITORING USE OF GRANT FUNDS THE USE OF GRANT FUNDS IS MONITORED PRIMARILY THROUGH ON-SITE VISITS OF GRANTEES BY SUMMIT STAFF, AND PROGRAM SPECIFIC REPORTING REQUIREMENTS. SITE VISITS ARE SCHEDULED ONCE DURING THE GRANT PERIOD, OR MORE FREQUENTLY, AS NEEDED. SPECIFIC REPORTING REQUIREMENTS AND DUE DATES ARE INCLUDED IN THE GRANT AWARD LETTER. AN INTERIM AND/OR FINAL NARRATIVE AND FINANCIAL REPORT ARE REQUIRED FOR ALL PROGRAM GRANTS. false false false false false false false false false LINDA HOWARD TREASURER 157167 0 0 0 0 0 15970 0 12555 0 185692 0 0 0 FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION LINDA HOWARD RECEIVED BASE SALARY COMPENSATION IN THE AMOUNT OF $157,167, HEALTH BENEFIT PLAN PREMIUMS AND OTHER BENEFITS (NONTAXABLE) IN THE AMOUNT OF $12,555 AND CONTRIBUTIONS TO A RETIREMENT PLAN IN THE AMOUNT OF $15,970 FROM THE UNRELATED ORGANIZATION THE SUMMIT CHARITABLE FOUNDATION, INC. X 100000 1468750 fair market value false true false FORM 990, PART VI, LINE 2 - FAMILY/BUSINESS RELATIONSHIPS RELATIONSHIP SCHEDULE: NAME OF OFFICER, DIRECTOR, ETC: ROGER W. SANT NAME OF RELATED ENTITY: VICTORIA P. SANT TITLE OR ROLE: PRESIDENT RELATIONSHIP: WIFE NAME OF OFFICER, DIRECTOR, ETC: VICTORIA P. SANT NAME OF RELATED ENTITY: ROGER W. SANT TITLE OR ROLE: CHAIRMAN OF THE BOARD RELATIONSHIP: HUSBAND FORM 990, PART VI, LINE 7A - OTHER MEMBERS RIGHTS The members of the governing board are elected at each annual meeting of the Board of Directors. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS A DRAFT OF THE FORM 990 IS PROVIDED TO THE SUMMIT FUND BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, LINE 12C - CONFLICTS OF INTEREST IN ACCORDANCE WITH SUMMIT FUND'S CONFLICT OF INTEREST POLICY, ALL DIRECTORS AND OFFICERS MUST SUBMIT A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS, DISCLOSING ALL RELATIONSHIPS THAT COULD POTENTIALLY POSE A CONFLICT OF INTEREST. EACH DIRECTOR AND OFFICER IS OBLIGATED TO INFORM SUMMIT FUND AS CHANGES TO THE RELATIONSHIPS OCCUR AND IF ANY CONFLICT ARISES. SHOULD A CONFLICT OF INTEREST ARISE, THE BOARD WILL CONSIDER THE MATERIAL FACTS IN MAKING ITS DECISION ABOUT THE TRANSACTION, AND THE BASIS FOR ITS DECISION IS TO BE DISCLOSED IN THE MINUTES OF THE MEETING. ANY BOARD MEMBER WITH A POTENTIAL CONFLICT OF INTEREST WOULD RECUSE HIM OR HERSELF FROM A VOTE. FORM 990, PART VI, LINE 15 - DETERMINING COMPENSATION THE SUMMIT FUND OF WASHINGTON DOES NOT HAVE EMPLOYEES. FORM 990, PART VI, LINE 19 - AVAILABILITY OF OTHER DOCUMENTS INFORMATION IS PROVIDED UPON REQUEST. THE COMMUNITY FOUNDATION FOR THE NCR 1201 15TH STREET NW SUITE 420 WASHINGTON DC 20005 237343119 GRANTMAKING DC 501(C)(3) 07 NA false false true false false false false false false false false false false false false false false false false