Solidago Foundation
- Assets
- $2.3m
- Revenue
- $2.5m
- Investments
- $45.4k
- Employees
- 10
- Location
- Northampton, MA
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 20-2963670
Organization Overview
Solidago Foundation is located in Northampton, MA. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Solidago Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solidago 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 12/2023, Solidago Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Solidago Foundation has awarded 511 individual grants totaling $19,854,402. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE JUSTICE, EQUITY, SUSTAINABILITY AND ENFRANCHISEMENT FOR ALL THROUGH CHARITABLE GRANT-MAKING TO AND WORK WITH PROGRESSIVE, EMPOWERING COMMUNITY-BASED ORGANIZATIONS AND COLLABORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRIMARILY MAKES GRANTS TO OTHER PUBLIC CHARITIES THAT WORK IN OR FOR THE BENEFIT OF POOR COMMUNITIES SEEKING TO ALLEVIATE POVERTY AND DISENFRANCHISEMENT, PROVIDE & PROMOTE SUSTAINABLE JOBS, AND PROTECT THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Stout Director/president | OfficerTrustee | 40 | $79,793 |
John Vaughn Director | Trustee | 0.5 | $0 |
Isabelle M Leighton Treasurer/secretary | OfficerTrustee | 0.5 | $0 |
Aleah Bacquie Vaughn Cji Executive Director | 40 | $110,301 | |
David Nordstrom Cji Fiscal Agent Coordinator | 40 | $103,378 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kimberly Gartner Group Llc Consulting | 12/30/18 | $103,797 |
Management Assistance Groupinc Consulting | 12/30/18 | $119,242 |
Build Commonwealth Consulting | 12/30/18 | $126,542 |
Behavioral Ideas Lab Inc Consulting | 12/30/18 | $107,262 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,384,099 |
| Noncash contributions included in lines 1a–1f | $95,002 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,384,099 |
| Total Program Service Revenue | $0 |
| Investment income | $2,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,480,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $465,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,504 |
| Compensation of current officers, directors, key employees. | $63,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,024 |
| Payroll taxes | $63,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,581 |
| Fees for services: Accounting | $46,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26 |
| Fees for services: Other | $233,476 |
| Advertising and promotion | $0 |
| Office expenses | $47,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,417 |
| Travel | $91,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,703 |
| Interest | $4,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,839 |
| Insurance | $6,821 |
| All other expenses | $0 |
| Total functional expenses | $1,984,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,665,423 |
| Pledges and grants receivable | $142,224 |
| Accounts receivable, net | $89,058 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,473 |
| Net Land, buildings, and equipment | $1,537 |
| Investments—publicly traded securities | $35,071 |
| Investments—other securities | $45,420 |
| Investments—program-related | $150,000 |
| Intangible assets | $0 |
| Other assets | $110,762 |
| Total assets | $2,254,168 |
| Accounts payable and accrued expenses | $142,842 |
| Grants payable | $465,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $225,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,016 |
| Total liabilities | $942,858 |
| Net assets without donor restrictions | $62,569 |
| Net assets with donor restrictions | $1,248,741 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,254,168 |
Grants Awarded
Over the last fiscal year, Solidago Foundation has awarded $465,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
A LITTLE PIECE OF LIGHT PURPOSE: GENERAL SUPPORT | $20,000 |
ANTI POLICE TERROR ORGANIZATION PURPOSE: GENERAL SUPPORT | $20,000 |
BEST PRACTICES POLICY PROJECT PURPOSE: GENERAL SUPPORT | $25,000 |
BEYOND THE WALLS MOVEMENT NFP PURPOSE: GENERAL SUPPORT | $10,000 |
CALIFORNIA FAMILIES AGAINST SOLITARY CONFINRMENT PURPOSE: GENERAL SUPPORT | $10,000 |
FOUNDING MOTHERS INC PURPOSE: GENERAL SUPPORT | $25,000 |