Solot And Karp Family Foundation
- Assets
- $4.9m
- Revenue
- $222.3k
- Investments
- $4.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 23-7933630
Organization Overview
Solot And Karp Family Foundation is located in Wilmington, DE. The organization was established in 2000. 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. Solot And Karp 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 12/2022, Solot And Karp Family Foundation generated $222.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $401.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Solot And Karp Family Foundation has awarded 564 individual grants totaling $2,041,736. 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 |
|---|---|---|---|
Marsha B Karp Trustee | 2 | $0 | |
Robert N Karp Trustee | 1 | $0 | |
Howard L Solot Trustee | 1 | $0 | |
Janet F Solot Trustee | 1 | $0 | |
Julie Solot Trustee | 1 | $0 | |
Michael J Solot Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $242 |
| Dividends & Interest | $103,180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $118,846 |
| Capital Gain Net Income | $118,846 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,794 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,433 |
| Total operating and administrative expenses | $70,544 |
| Contributions, gifts, grants paid | $330,900 |
| Total expenses and disbursements | $401,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,661 |
| 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 | $4,946,252 |
| 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, Solot And Karp Family Foundation has awarded $330,900 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BRAIN TUMOR ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $500 |
ADLER PLANETARIUM PURPOSE: FRIEND'S CIRCLE CONTRIBUTOR | $500 |
AMERICAN CAMPING ASSOCIATION INC NEW ENGLAND SECTI PURPOSE: CAMP CHAMPIONS CELEBRATION - CAMPERSHIP FUND | $500 |
AMERICAN CANCER SOCIETY INC - CHICAGO PURPOSE: GENERAL & UNRESTRICTED | $500 |
AMERICAN NATIONAL RED CROSS PURPOSE: UKRAINE RELIEF FUND | $2,500 |
AMERICAN HEART ASSOCIATION - GREATER MIDWEST AFFIL PURPOSE: GENERAL & UNRESTRICTED | $500 |