Solich Fund
- Assets
- $24.3m
- Revenue
- $4.3m
- Investments
- $19.2m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-1417348
Organization Overview
Solich Fund is located in Denver, CO. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solich Fund 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, Solich Fund generated $4.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $6.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Solich Fund has awarded 111 individual grants totaling $16,967,323. 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 |
|---|---|---|---|
George Solich Co-President | 0 | $0 | |
Carol Solich Co-President | 0 | $0 | |
Robert Fowler Secretary | 0 | $0 | |
Tad Herz Treasurer | 0 | $0 | |
Geoff Solich Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,696 |
| Dividends & Interest | $1,145,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,135,015 |
| Capital Gain Net Income | $3,135,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $4,309,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $146,869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $244,291 |
| Total operating and administrative expenses | $851,751 |
| Contributions, gifts, grants paid | $5,677,664 |
| Total expenses and disbursements | $6,529,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,239,689 |
| 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 | $3,816,796 |
| Total assets | $24,295,820 |
| 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, Solich Fund has awarded $5,677,664 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF | $25,000 |
ACE SCHOLARSHIPS PURPOSE: EDUCATIONAL SCHOLARSHIPS | $49,250 |
CADDIE LEADERSHIP ACADEMY OF SE WI PURPOSE: EDUCATION GENERAL CHARITABLE | $10,000 |
CASTLE PINES SCHOLARSHIP FOUNDATION PURPOSE: EDUCATIONAL SCHOLARSHIPS | $5,000 |
CHILDREN'S HOSPITAL COLORADO FOUNDA PURPOSE: HEALTHCARE GENERAL SUPPORT | $3,000,000 |
COLORADO GOLF FOUNDATION PURPOSE: RECREATION AND SPORTS | $30,914 |