Soma Foundation Inc
- Assets
- $301.0m
- Revenue
- $20.2m
- Investments
- $296.5m
- Employees
- 0
- Location
- Columbus, GA
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-3994466
Organization Overview
Soma Foundation Inc is located in Columbus, GA. The organization was established in 2014. 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. Soma Foundation Inc 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, Soma Foundation Inc generated $20.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $18.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Soma Foundation Inc has awarded 405 individual grants totaling $77,413,716. 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 |
|---|---|---|---|
Daniel P Amos Chairman | 0 | $0 | |
Kathelen Amos Trustee | 0 | $0 | |
Lauren Amos Trustee | 0 | $0 | |
Laura Smith Trustee | 0 | $0 | |
Tamara Callier Trustee | 0 | $0 | |
Robert Beckum Director | 40 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,798,919 |
| Interest on Savings | $501,994 |
| Dividends & Interest | $4,417,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,910,302 |
| Capital Gain Net Income | $5,910,302 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,444,356 |
| Total Revenue | $20,183,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $185,805 |
| Pension plans, employee benefits | $0 |
| Interest | $436,055 |
| Taxes | $226,923 |
| Depreciation | $1,243 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,996 |
| Printing and publications | $0 |
| Other expenses | $4,081,061 |
| Total operating and administrative expenses | $4,973,239 |
| Contributions, gifts, grants paid | $13,266,000 |
| Total expenses and disbursements | $18,239,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,886,256 |
| Savings and temporary cash investments | $2,176,857 |
| 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 | $249,460 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $196,557,013 |
| Net Land, buildings, and equipment | $1,248 |
| Other assets | $219,000 |
| Total assets | $301,030,956 |
| Accounts payable and accrued expenses | $2,391 |
| 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 | $2,391 |
Grants Awarded
Over the last fiscal year, Soma Foundation Inc has awarded $13,266,000 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
FOCUS ON TRUTH PURPOSE: FINANCIAL SUPPORT | $66,000 |
RANSOMED HEART MINISTRIES PURPOSE: FINANCIAL SUPPORT | $50,000 |
GOOD SAMARITAN HEALTH PURPOSE: FINANCIAL SUPPORT | $50,000 |
ASIAN ACCESS PURPOSE: FINANCIAL SUPPORT | $100,000 |
OPEN DOOR COMMUNITY HOUSE PURPOSE: FINANCIAL SUPPORT | $620,000 |
CHILDSPRING INTERNATIONAL PURPOSE: FINANCIAL SUPPORT | $15,000 |