Solstice Foundation Inc
- Assets
- $2.4m
- Revenue
- $116.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 58-2117440
Organization Overview
Solstice Foundation Inc is located in Wilmington, DE. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Solstice 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, Solstice Foundation Inc generated $116.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $258.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Solstice Foundation Inc has awarded 142 individual grants totaling $1,729,675. 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 |
|---|---|---|---|
Briana Lindenbaum Dir | 1 | $0 | |
Carol Lindenbaum Dir | 1 | $0 | |
David Lindenbaum Dir, Treas | 1 | $0 | |
Josh Lindenbaum Dir, Sec | 1 | $0 | |
Kendall Lindenbaum Dir | 1 | $0 | |
Lauren Lindenbaum Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,177 |
| Dividends & Interest | $65,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,017 |
| Capital Gain Net Income | $110,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,510 |
| Total operating and administrative expenses | $37,142 |
| Contributions, gifts, grants paid | $221,500 |
| Total expenses and disbursements | $258,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $197,277 |
| 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 | $2,429,731 |
| 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, Solstice Foundation Inc has awarded $221,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS - METROPOLITAN ATLANTA CHAPTER PURPOSE: HURRICANE IAN RELIEF IN SW FLORIDA | $15,000 |
ATLANTA BICYCLE COALITION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ATLANTA UNION MISSION CORPORATION HCSR PURPOSE: 2021 DIGITAL CAMPAIGN | $25,000 |
CHILDRENS HEALTHCARE OF ATLANTA INC - CHILDRENS HE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CHRIS 180 INC PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
DOCTORS WITHOUT WALLS-SANTA BARBARA ST MEDICINE PURPOSE: GENERAL & UNRESTRICTED | $12,500 |