Alan D & Susan Lewis Solomont Family Foundation
- Assets
- $142.8k
- Revenue
- $241.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 04-3388562
Organization Overview
Alan D & Susan Lewis Solomont Family Foundation is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alan D & Susan Lewis Solomont Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alan D & Susan Lewis Solomont Family Foundation generated $241.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $329.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Alan D & Susan Lewis Solomont Family Foundation has awarded 199 individual grants totaling $936,390. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan D Solomont Trustee | 0 | $0 | |
Susan Lewis Solomont Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,321 |
| Interest on Savings | $9 |
| Dividends & Interest | $974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $223,759 |
| Capital Gain Net Income | $223,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $241,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,496 |
| Printing and publications | $0 |
| Other expenses | $43 |
| Total operating and administrative expenses | $5,950 |
| Contributions, gifts, grants paid | $323,445 |
| Total expenses and disbursements | $329,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,670 |
| Savings and temporary cash investments | $19,161 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $110,977 |
| Total assets | $142,808 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alan D & Susan Lewis Solomont Family Foundation has awarded $323,445 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
UMASS LOWELL PURPOSE: SOLOMONT SCHOOL OF NURSING ENDOWMENT | $200,000 |
Washington, DC PURPOSE: UNRESTRICTED | $32,000 |
Wellesley, MA PURPOSE: UNRESTRICTED | $25,000 |
Washington, DC PURPOSE: CO DEL | $6,500 |
Boston, MA PURPOSE: GALA | $5,000 |
JFS OF METROWEST PURPOSE: UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Rhode Island Inc Providence, RI | $29,334,248 | $23,014,896 |
Syracuse Community Health Center Inc Syracuse, NY | $18,630,162 | $24,795,455 |
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |