Alfred Z Solomon Test Tr
- Assets
- $5.2m
- Revenue
- $297.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 13-7430894
Organization Overview
Alfred Z Solomon Test Tr is located in Saratoga Springs, NY. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Alfred Z Solomon Test Tr 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 12/2023, Alfred Z Solomon Test Tr generated $297.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $452.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alfred Z Solomon Test Tr has awarded 293 individual grants totaling $4,402,466. 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 |
|---|---|---|---|
Victoria Garlanda Trustee | 5 | $18,606 | |
James G Snyder Trustee | 5 | $18,606 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $297,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$140 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$53 |
| Total Revenue | $297,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,212 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,700 |
| Total operating and administrative expenses | $116,947 |
| Contributions, gifts, grants paid | $335,410 |
| Total expenses and disbursements | $452,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $394,358 |
| 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 | $1,055 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,421 |
| Total assets | $5,182,196 |
| 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, Alfred Z Solomon Test Tr has awarded $335,410 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK FOLK SCHOOL PURPOSE: WEAVING STUDIO, NEW LOOMS | $9,335 |
AGRICULTURAL STEWARDSHIP ASSOC PURPOSE: LAND PURCHASE | $20,000 |
ALLIANCE 180 PURPOSE: EQUINE EXPERIENCE PROGRAM | $22,000 |
AMERICAN RED CROSS PURPOSE: FIGHTING CANCER INITIATIVE PROGRAM | $5,000 |
BATTENKILL COMMUNITY SERVICES PURPOSE: PURCHASE 6 VR SYSTEMS | $13,000 |
BIKEATOGA INC PURPOSE: EQUIPMENT & OFFICE SUPPLIES | $10,000 |