SUMMER'S WAY FOUNDATION

EIN: 990861949 501(c)(3) Medical Research

CENTENNIAL, CO

Total Revenue
$227,235
Total Expenses
$80,456
Total Assets
$572,894
Net Assets
$572,894
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
CO
Principal Officer
STERLING D HAMMOND
Phone
3037484851
Tax Period
2024-01-01 to 2024-12-31

SUMMER'S WAY FOUNDATION, founded in 2024, is a small nonprofit in the Medical Research sector that reported $227K in total revenue in fiscal year 2024. The organization ran a surplus of $147K, a strong 65% operating margin.

Mission

TO FIND A CURE FOR EVERY PATIENT DIAGNOSED WITH RHABDOMYOSARCOMA AND ULTIMATELY OTHER RARE CHILDHOOD CANCERS, PROMOTE EARLY DETECTION, AND BE A SOURCE OF SUPPORT FOR PATIENTS AND FAMILIES IMPACTED BY CHILDHOOD CANCER.

Program Service Accomplishments

Program 1
Expenses: $52,500

CANCER RESEARCH GRANTS: PEDIATRIC CANCER RESEARCH RECEIVES JUST 4% OF GOVERNMENT FUNDING, WITH EVEN LESS ALLOCATED TO THE RARER FORMS OF CHILDHOOD CANCERS. TO ADDRESS THIS SIGNIFICANT FUNDING GAP, WE...

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CANCER RESEARCH GRANTS: PEDIATRIC CANCER RESEARCH RECEIVES JUST 4% OF GOVERNMENT FUNDING, WITH EVEN LESS ALLOCATED TO THE RARER FORMS OF CHILDHOOD CANCERS. TO ADDRESS THIS SIGNIFICANT FUNDING GAP, WE EMPLOY MULTIPLE APPROACHES TO ADVANCE RESEARCH. THE YOUNG INVESTIGATOR GRANTS PROGRAM AWARDS EARLY-CAREER RESEARCHERS A YEARLY 50,000 GRANT AND WE IDENTIFY AND PROVIDE INNOVATIVE RESEARCH GRANTS. WE HAVE PARTNERED WITH BEAT CHILDHOOD CANCER TO CREATE A RHABDOMYOSARCOMA RESEARCH DIVISION CONDUCTING CLINICAL TRIALS WHILE ALSO PROVIDING ANNUAL GRANT FUNDING TO THE SARCOMA DIVISION OF THE CHILDREN'S ONCOLOGY GROUP, THEREBY SUPPORTING SIGNIFICANT NATIONAL AND INTERNATIONAL RESEARCH DATABASES.

Program 2
Expenses: $13,516

PATIENT AND FAMILY SUPPORT: THE SUMMER'S WAY FOUNDATION HAS A "WIGS FOR KIDS AND TEENS" PROGRAM WHICH FUNDS CUSTOM WIGS FOR CHILDREN AND TEENS RECEIVING CANCER TREATMENT AT REGIONAL CHILDREN'S...

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PATIENT AND FAMILY SUPPORT: THE SUMMER'S WAY FOUNDATION HAS A "WIGS FOR KIDS AND TEENS" PROGRAM WHICH FUNDS CUSTOM WIGS FOR CHILDREN AND TEENS RECEIVING CANCER TREATMENT AT REGIONAL CHILDREN'S HOSPITALS. THE FOUNDATION COVERS THESE EXPENSES AS THE INSURANCE COMPANIES DO NOT PROVIDE COVERAGE. THE PROGRAM HELPS REDUCE THE FAMILY'S FINANCIAL STRAIN WHILE SUPPORTING YOUNG PATIENT'S SELF-ESTEEM DURING TREATMENT. THE FOUNDATION SPONSORS SPECIAL EVENTS FOR YOUNG CANCER PATIENTS, SUCH AS AN ALL-EXPENSES-PAID TRIP TO CONCERTS FOR A TEEN IN TREATMENT. THE FOUNDATION HAS ORGANIZED MEMORABLE EXPERIENCES FOR A FAMILY WITH A TERMINALLY ILL CHILD AND HER SIBLINGS, WHO WERE NOT ELIGIBLE THROUGH MAKE A WISH.

Program 3
Expenses: $6,043

HEALING THROUGH THE ARTS: THIS PROVIDES INDIVIDUALIZED ART THERAPY SESSIONS TO PEDIATRIC CANCER PATIENTS AT A REGIONAL CHILDREN'S HOSPITAL. LED BY A REGISTERED ART THERAPIST, THESE SESSIONS USE...

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HEALING THROUGH THE ARTS: THIS PROVIDES INDIVIDUALIZED ART THERAPY SESSIONS TO PEDIATRIC CANCER PATIENTS AT A REGIONAL CHILDREN'S HOSPITAL. LED BY A REGISTERED ART THERAPIST, THESE SESSIONS USE MULTIPLE ART MEDIUMS TO HELP CHILDREN COPE WITH THE ISOLATION AND PHYSICAL CHALLENGES THAT ACCOMPANIES LONG HOSPITAL STAYS WITH AGGRESSIVE TREATMENT. THE PROGRAM ENCOURAGES SELF-EXPRESSION AND SOCIAL INTERACTION. FEEDBACK FROM PARENTS AND MEDICAL STAFF HAS BEEN EXTREMELY POSITIVE WITH A DEMONSTRABLE REDUCTION IN ANXIETY, DEPRESSION, AND PAIN MEDICATION REQUIREMENTS AMONG PARTICIPANTS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $238,290
Program Service Revenue $0
Investment Income $0
Other Revenue $-11,055
TOTAL REVENUE $227,235

Expense Breakdown

Grants Paid $66,016
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,059
Other Expenses $14,440
TOTAL EXPENSES $80,456

Year-over-Year Comparison

2024 2023 Change
Revenue $227,235 N/A N/A
Expenses $80,456 N/A N/A
Net Income $146,779 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON L HAMMOND MD PRESIDENT 50.00
Officer Director
$0 $0 $0
STERLING D HAMMOND SECRETARY/TR 25.00
Officer Director
$0 $0 $0
JENNIFER CLARK MD BOARD MEMBER 3.00
Director
$0 $0 $0
JAMES SOLDANO MD BOARD MEMBER 3.00
Director
$0 $0 $0
JASON CLARK BOARD MEMBER 2.00
Director
$0 $0 $0
JENNY PURCELL BOARD MEMBER 5.00
Director
$0 $0 $0
MARISA HOLMAN BOARD MEMBER 5.00
Director
$0 $0 $0
ERICA BERGE BOARD MEMBER 2.00
Director
$0 $0 $0
DANIEL O'NEILL BOARD MEMBER 1.00
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 $227,235 $80,456 $572,894 $146,779
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