Summit Park Line Foundation Inc Co Robert J Rubino Md

Nonprofit profile at a glance

EIN
473753496
IRS 990 coverage
2016–2025
Forms available
Form 990 2025
Location
Summit, NJ, USA
Phone
9085220806
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Parks and Playgrounds

Reported finances

Revenue
$27,027
Expenses
$78,895
Assets
$290,770
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • ROBERT J RUBINO MD (President)
  • FRANK MACIOCE (Vice President)
  • JAMES J BRINKERHOFF (Vice President)

People named in this filing

  • ROBERT J RUBINO MD (President)
  • SUSAN RUBINO (Trustee)
  • FRANK MACIOCE (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the conversion and maintenance of an abandoned railway in summit, nj into a safe and scenic linear public community park and pedestrian and bicycle thoroughfare. Furthermore, to lease the abandoned railway land that will form the park from the New Jersey department of transportation for a nominal fee of $1.00 on the condition that it be used solely as a park.

What it reported doing in 2025

Phases 1,2,3 and 4 - these phases have been completed with the installation of the bridge that spans morris avenue connecting the trail to bryant park, which was installed on october 22, 2o22.phase 5 - this phase will replace two bridges a. The bridge over ashwood avenue and b. The bridge over russell place. Egress stairs will be added to the russell place bridge entrance. In addition, a new porous path, landscaping and screening are planned. In 2023 engineering studies were paid for this phase. Continued purpose - to maintain and improve site for community enjoyment and safety.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 94
  • Accountability: 54
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.6%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 41.7%; rating input score 42; 22nd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -191.9%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 3.69; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 28.1% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: -6.3% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80.6% of spending went to programs
  • Governance: 5 of 12 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $64K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Independent voting board scored 42/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.