SUMMA GLOBAL EDUCATION

EIN: 451865707 501(c)(3) Education

FAIRLESS HILLS, PA

Total Revenue
$3,143,679
Total Expenses
$2,728,005
Total Assets
$1,424,241
Net Assets
$969,768
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
PA
Principal Officer
MONICA M BYUN
Phone
2153618588
Tax Period
2024-01-01 to 2024-12-31

SUMMA GLOBAL EDUCATION, founded in 2011, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 13% surplus.

Mission

FORM 990 - ORGANIZATION'S MISSION SUMMA GLOBAL EDUCATION IS A WORLDWIDE LEADING INTERNATIONAL EXCHANGE ORGANIZATION TO PROVIDE INTERNATIONAL CULTURAL EXCHANGE PROGRAM TO YOUTHS AT HIGH SCHOOL LEVEL FOR EDUCATIONAL PURPOSES. WE SELECT THE SCREENED AND QUALIFIED INTERNATIONAL STUDENTS THROUGH CERTIFIED AGENCIES IN ALL OVER THE WORLD. THE STUDENTS ARE WILLING TO BE EXPOSED TO AMERICAN CULTURE AND DEVELOPE THEM SELVES UNDER AMERICAN EDUCATIONAL SYSTEM. SUMMA GLOBAL EDUCATION MATCHES HOST FAMILIES AND SCHOOLS WITH OUR INTERNATIONAL STUDENTS, STAYING WITH HOST FAMILY IS A KEY TOOL FOR THE STUDENTS TO LEARN AMERICAN CULTURE AND ENGLISH. WE ALSO GUIDE AND ASSIST THEIR NEED THROUGH OUT THEIR STAY. FORM 990, PART III, LINE 4D - ALL OTHER ACCOMPLISHMENTS PROVIDED INTERNATIONAL CULTURAL EXCHANGE PROGRAMS TO YOUTHS AT HIGH SCHOOL LEVEL FOR EDUCATIONAL PURPOSES( 151 STUDENTS PARTICIPATED IN 2018) FORM 990, PART VI, LINE 2 - RELATED PARTY INFORMATION AMONG OFFICERS SUMMA GLOBAL EDUCATION G L O B AL V

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42
Program Service Revenue $3,143,637
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,143,679

Expense Breakdown

Grants Paid $0
Salaries & Benefits $345,278
Fundraising Expenses $0
Program Expenses $2,728,005
Other Expenses $2,382,727
TOTAL EXPENSES $2,728,005

Year-over-Year Comparison

2024 2023 Change
Revenue $3,143,679 $2,259,155 +0.4%
Expenses $2,728,005 $2,197,025 +0.2%
Net Income $415,674 $62,130 +5.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONICA M BYUN TREASURER N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,143,679 $2,728,005 $1,424,241 $415,674
2023 $2,259,155 $2,197,025 $1,468,463 $62,130
2022 $2,229,665 $2,204,246 $2,045,321 $25,419
2021 $2,474,050 $1,623,661 $2,019,197 $850,389
2020 $1,827,163 $1,923,085 $1,172,143 $-95,922
2019 $3,650,491 $3,647,961 $1,853,263 $2,530
2018 $4,125,054 $4,114,056 $1,871,434 $10,998
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