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Summit Bank Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311648835 ✦ Oakland, CA ✦ Designated as a 501(c)(3)

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Overview

What is Summit Bank Foundation?

The Summit Bank Foundation is a charitable organization situated in Oakland, California. Its primary mission involves raising funds through two events and distributing scholarships to underprivileged students within the Oakland community. Additionally, the foundation contributes to cancer and other research initiatives at UCSF, furthering scientific advancements in these fields.

Is Summit Bank Foundation legitimate?

Summit Bank Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Bank Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Summit Bank Foundation?

The Summit Bank Foundation's mission is centered around providing assistance for underprivileged students in Oakland and supporting cancer and other research at the University of California, San Francisco (UCSF). The foundation achieves this mission by organizing two events to raise funds, which are then utilized for granting scholarships to deserving students and contributing to cancer and other research initiatives at UCSF.

Who is the CEO of Summit Bank Foundation?

Shirley Nelson is the Chair of Summit Bank Foundation.

What is the revenue of Summit Bank Foundation?

Summit Bank Foundation's revenue in 2022 was $326,449.

Who are the executives of Summit Bank Foundation and what are their salaries?


Here are 10 key members and their salaries:


Shirley Nelson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Rainero (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Casper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Falaschi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Coit (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfred P Knoll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ruegg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derreck Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Marie Taylor (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy O'Malley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Summit Bank Foundation?

Summit Bank Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Summit Bank Foundation

The Summit Bank Foundation, a charitable organization, is committed to two primary objectives. Firstly, it aims to provide scholarships to underprivileged students residing in Oakland. By offering financial aid, this foundation seeks to empower these students and help them pursue their education. Secondly, the Summit Bank Foundation supports cancer and other research initiatives at UCSF. By contributing to this field of study, the foundation plays a role in advancing medical knowledge and potentially improving healthcare outcomes. The Foundation raises funds for these causes through two events, demonstrating its dedication to making a positive impact in these areas.

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Impact




October, 2024

Summit Bank Foundation significantly impacts the Oakland community by providing scholarships to underprivileged students, enabling them to pursue higher education and improve their futures. Through its fundraising efforts, which include two major events, the foundation raises vital funds that not only support education but also contribute to cancer and other research initiatives at UCSF. By focusing on both academic support and health research, the foundation fosters a healthier, more educated community and addresses critical issues affecting residents.




This information is meant to be a general summary of Summit Bank Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$326,449 (2022)
Expenses
$73,967 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,497
  • Gross Receipts: $429,497

Assets and Liabilities:

  • Total Assets: $2,068,223
  • Total Liabilities: $0
  • Net Assets: $2,068,223

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Organization Details

Founding Year

2006

Principal Officer

Shirley Nelson

Main Address

2969 BROADWAY, OAKLAND, CA, 94611

NTEE Category

Code: T30 - Philanthropy

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