Carlson Solmssen Foundation
- Assets
- $167.5k
- Revenue
- $9.9k
- Investments
- $157.7k
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 12/1969
- Data as of
- 12/2018
- EIN
- 23-7055571
Organization Overview
Carlson Solmssen Foundation is located in Santa Monica, CA. The organization was established in 1969. 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.
For the year ending 12/2018, Carlson Solmssen Foundation generated $9.9k 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 (20.1%) each year. All expenses for the organization totaled $18.6k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (23.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Carlson President | 0 | $0 | |
Bonnie Solmssen Treasurer | 0 | $0 | |
Andrew Solmssen Director | 0 | $0 | |
Wendy Holt Secretary | 0 | $0 | |
Bonnie Holt Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50 |
| Dividends & Interest | $5,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,877 |
| Capital Gain Net Income | $3,877 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $126 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $387 |
| Total operating and administrative expenses | $3,313 |
| Contributions, gifts, grants paid | $15,287 |
| Total expenses and disbursements | $18,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,613 |
| 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 | $157,681 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $232 |
| Total assets | $167,526 |
| Accounts payable and accrued expenses | $1,441 |
| 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 | $1,441 |