Solti Foundation
- Assets
- $1.0m
- Revenue
- $322.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Evanston, IL
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 30-0004328
Organization Overview
Solti Foundation is located in Evanston, IL. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public 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. Solti 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 12/2021, Solti Foundation generated $322.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $205.1k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOLTI FOUNDATION U.S. WAS ESTABLISHED AFTER THE 1997 DEATH OF SIR GEORG SOLTI. ITS MISSION IS TO ASSIST TALENTED YOUNG AMERICAN MUSICIANS AT THE START OF THEIR PROFESSIONAL CAREERS. IT HAS MADE ANNUAL GRANTS TO AWARDEES SINCE 2003.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLTI FOUNDATION U.S. BOARD CHAIR PENNY VAN HORN AND ELIZABETH BUCCHERI, ARTISTIC AND AWARDS COMMITTEE CHAIR, TODAY ANNOUNCED THE YOUNG AMERICAN CONDUCTORS WHO HAVE BEEN SELECTED AS 2021 RECIPIENTS OF THE SIR GEORG SOLTI CAREER ASSISTANCE AWARD. THE 2020-21 SEASON HAS BEEN A TIME OF JOY AND SADNESS. OUR FOUNDATION HAS LOST A SHINING LIGHT, LADY VALERIE SOLTI, WHO PASSED AWAY EARLIER THIS SEASON. HER COMMITMENT TO HER LATE HUSBANDS LEGACY AND JOY IN HELPING UP AND COMING MUSICIANS IN THE CONDUCTING WORLD MADE OUR FOUNDATION A REALITY. WE CELEBRATE HER AND SIR GEORGS LIVES AS WE ANNOUNCE FIFTEEN SOLTI CAREER ASSISTANCE AWARDS, STATED MS. VAN HORN.WE LOOK FORWARD TO THE RETURN OF LIVE MUSIC, SAID MS. BUCCHERI. TODAYS RECIPIENTS ARE A PART OF KEEPING MUSIC ALIVE, AND WE LOOK FORWARD TO OBSERVING THEIR GROWTH.RECEIVING A 2021 CAREER ASSISTANCE AWARD (IN ALPHABETICAL ORDER) ARE CONDUCTORS:NATHANIEL EFTHIMIOU, FOUNDING MUSIC DIRECTOR OF ORCHESTRA CONTEMPO, ASSISTANT CONDUCTOR, BOSTON CIVIC SYMPHONY, ASSISTANT DIRECTOR OF MUSIC AT BOSTONS HISTORIC PARK STREET CHURCH AND ACTING ASSISTANT CONDUCTOR, RHODE ISLAND PHILHARMONIC; KEVIN FITZGERALD, ASSISTANT CONDUCTOR OF THE ALABAMA SYMPHONY ORCHESTRA AND MUSIC DIRECTOR OF THE ALABAMA SYMPHONY YOUTH ORCHESTRA, HE IS ALSO THE FOUNDER OF THE MICHIGAN-BASED CONTEMPORARY MUSIC ENSEMBLE PEX CONTEMPORARY PERFORMANCE; TAICHI FUKUMURA, NEWLY APPOINTED FELLOW AND ASSISTANT CONDUCTOR OF THE CHICAGO SUMMER OPERA IN 2021, DIRECTOR OF ORCHESTRAS, MERIT SCHOOL OF MUSIC,AND ARTISTIC DIRECTOR AND PRINCIPAL CONDUCTOR, NORTHWESTERN MEDICAL ORCHESTRA; LINA GONZALEZ-GRANADOS, SOLTI CONDUCTING APPRENTICE, CHICAGO SYMPHONY ORCHESTRA, CONDUCTING FELLOW WITH THE PHILADELPHIA ORCHESTRA AND THE SEATTLE SYMPHONY; KEITARO HARADA, MUSIC & ARTISTIC DIRECTOR OF THE SAVANNAH PHILHARMONIC AND ASSOCIATE CONDUCTOR OF THE TOKYO SYMPHONY ORCHESTRA; JONATHON HEYWARD, CHIEF CONDUCTOR OF THE NORDWESTDEUTSCHE PHILHARMONIE; ROBERTO KALB, INTERNATIONAL GUEST CONDUCTOR; ROGER KALIA, MUSIC DIRECTOR, EVANSVILLE PHILHARMONIC, SYMPHONY NH, ORCHESTRA SANTA MONICA, AND THE LAKE GEORGE MUSIC FESTIVAL; EARL LEE, ASSOCIATE CONDUCTOR OF THE PITTSBURGH SYMPHONY ORCHESTRA; LEE MILLS, ASSOCIATE CONDUCTOR OF THE SEATTLE SYMPHONY; VINAY PARAMESWARAN, ASSOCIATE CONDUCTOR, THE CLEVELAND ORCHESTRA,AND MUSIC DIRECTOR, THE CLEVELAND ORCHESTRA YOUTH ORCHESTRA; MICHAEL REPPER, MUSIC DIRECTOR, NEW YORK YOUTH SYMPHONY AND NORTHERN NECK ORCHESTRA OF VIRGINIA; STEFANO SARZANI, INTERNATIONAL GUEST CONDUCTOR; KENSHO WATANABE, INTERNATIONAL GUEST CONDUCTOR; LIDIYA YANKOVSKAYA, MUSIC DIRECTOR, CHICAGO OPERA THEATER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
See Attached List Officers | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $147,074 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,074 |
| Total Program Service Revenue | $0 |
| Investment income | $41,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $130,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,398 |
| Fees for services: Other | $261 |
| Advertising and promotion | $8,686 |
| Office expenses | $1,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $676 |
| Total functional expenses | $205,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,150 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $978,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,039,096 |
| Accounts payable and accrued expenses | $1,233 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,233 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,037,863 |
| Total liabilities and net assets/fund balances | $1,039,096 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Solti Foundation has recieved totaling $800.
| Awarding Organization | Amount |
|---|---|
Szalay Family Foundation Palm Beach Gardens, FL PURPOSE: GENERAL | $800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |