David J Soloway Foundation Inc
- Assets
- $2.0m
- Revenue
- $94.7k
- Investments
- $2.0m
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- 02/2007
- Data as of
- 11/2023
- EIN
- 20-1360694
Organization Overview
David J Soloway Foundation Inc is located in Boynton Beach, FL. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. David J Soloway Foundation Inc 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 11/2023, David J Soloway Foundation Inc generated $94.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.8%) each year. All expenses for the organization totaled $182.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David J Soloway Foundation Inc has awarded 23 individual grants totaling $573,000. 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 |
|---|---|---|---|
Raymond Destasio Dir | 1 | $0 | |
David J Soloway Pres, Dir, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,647 |
| Dividends & Interest | $50,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,457 |
| Capital Gain Net Income | $41,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $561 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,609 |
| Total operating and administrative expenses | $17,788 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $182,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $2,004,984 |
| Accounts payable and accrued expenses | $67,720 |
| 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 | $67,720 |
Grants Awarded
Over the last fiscal year, David J Soloway Foundation Inc has awarded $165,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMIT CHILDREN INC PURPOSE: MOTHER-IN-ISRAEL CAMPAIGN | $50,000 |
DISABLED AMERICAN VETERANS CHARITABLE SERVICE TRUS PURPOSE: PROGRAMS OF SERVICE TO DISABLED AMERICAN VETERANS | $5,000 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: DIGNITY PROGRAM | $50,000 |
FRIENDS OF ISRAEL DISABLED VETERANS INC BEIT HALO PURPOSE: PROGRAMS OF SERVICE THAT DIRECTLY BENEFIT DISABLED ISRAELI VETERANS | $50,000 |
UNIVERSITY OF MIAMI - THE MIAMI PROJECT TO CURE PA PURPOSE: MIAMI PROJECT TO CURE PARALYSIS | $10,000 |