Visceglia-summit Associates Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Visceglia-summit Associates Foundation is a 501(c)(3) organization based in Edison, New Jersey, registered in 1955, with $27,171 in FY2024 revenue. CharityIndex grades it D.
Raritan Plaza I Raritan Center, Edison, NJ, 08818 EIN 22-6041608 Since 1955
Revenue (FY2024)
$27K
▼ 42.0% vs prior year
Expenses (FY2024)
$38K
Net assets
$579K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Visceglia-summit Associates Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating181 mo reserves · -41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Visceglia-summit Associates Foundation: 181 mo reserves · -41% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Visceglia-summit Associates Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Visceglia-summit Associates Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Raritan Plaza I Raritan Center, Edison, NJ, 08818
- City
- Edison
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $40K (FY2013) to $27K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1,063Net assets $579K
Operating margin
-41.3%
Spent more than it raised in the latest fiscal year.
Total assets
$581K
Total liabilities
$1,063
Net assets
$579K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,171▼42.0% | $38,386▼8.0% | $579,437▼1.4% | $580,500▼1.2% | 990PF |
| 2023 | $46,856▲4.0% | $41,729▼9.7% | $587,750▲1.8% | $587,758▲1.8% | 990PF |
| 2022 | $45,046▼27.9% | $46,223▲0.6% | $577,530▼0.8% | $577,538▼0.8% | 990PF |
| 2021 | $62,453▲219% | $45,945▲11.7% | $582,029▲1.0% | $582,070▲1.0% | 990PF |
| 2020 | $19,574▼34.9% | $41,115▲31.4% | $576,135▼4.4% | $576,143▼4.4% | 990PF |
| 2019 | $30,055▼16.2% | $31,285▼26.6% | $602,958▼1.3% | $602,966▼1.4% | 990PF |
| 2018 | $35,885▲67.9% | $42,633▲59.8% | $610,813▼1.0% | $611,834▼0.9% | 990PF |
| 2017 | $21,374▼56.6% | $26,682▲14.9% | $617,150▼0.6% | $617,158▼0.6% | 990PF |
| 2016 | $49,197▲35.4% | $23,230▲3.2% | $620,939▲4.5% | $620,947▲4.5% | 990PF |
| 2015 | $36,326▼37.6% | $22,511▲29.9% | $594,414▲2.3% | $594,459▲2.3% | 990PF |
| 2014 | $58,198▲46.0% | $17,327▼6.0% | $581,148▲7.6% | $581,206▲7.6% | 990PF |
| 2013 | $39,863 | $18,429▲11.5% | $540,277▲4.1% | $540,310▲4.1% | 990PF |
| 2012 | — | $16,535▲10.3% | $518,843▲1.9% | $518,951▲1.9% | 990PF |
| 2010 | — | $14,990 | $509,010 | $509,103 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Visceglia-summit Associates Foundation a legitimate nonprofit?
- Yes. Visceglia-summit Associates Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-6041608, based in Edison, New Jersey. Donations are tax-deductible.
- What is Visceglia-summit Associates Foundation's EIN?
- Visceglia-summit Associates Foundation's Employer Identification Number (EIN) is 22-6041608.
- How much revenue does Visceglia-summit Associates Foundation report?
- Visceglia-summit Associates Foundation reported $27,171 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Visceglia-summit Associates Foundation have?
- CharityIndex grades Visceglia-summit Associates Foundation D, based on financial health (reserves and operating margin).
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Data for Visceglia-summit Associates Foundation (EIN 22-6041608) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.