Solomon Family Foundation Inc
- Assets
- $14.7m
- Revenue
- $176.2k
- Investments
- $14.6m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 65-0717960
Organization Overview
Solomon Family Foundation Inc is located in Miami, FL. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Solomon Family 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, Solomon Family Foundation Inc generated $176.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $823.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Solomon President | 1 | $0 | |
Sebastian Solomon Director | 1 | $0 | |
Ilona Solomon Director | 1 | $0 | |
Richard Shuster Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $101,669 |
| Dividends & Interest | $191,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$117,231 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $653 |
| Total Revenue | $176,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,089 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,858 |
| Total operating and administrative expenses | $63,947 |
| Contributions, gifts, grants paid | $760,000 |
| Total expenses and disbursements | $823,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,907 |
| Savings and temporary cash investments | $107,963 |
| 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 | $1,128,408 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,740,842 |
| 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, Solomon Family Foundation Inc has awarded $705,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RAYMOND JAMES DONOR ADVISED FUND PURPOSE: CHARITABLE | $705,000 |
NATIONAL WILDLIFE FOUNDATION PURPOSE: CHARITABLE | $100 |
THE TRUST FOR PUBLIC LAND PURPOSE: CHARITABLE | $100 |