Solon Education Foundation
- Assets
- $270.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Solon, IA
- Founding
- 07/2004
- Data as of
- 06/2024
- EIN
- 81-0623677
Organization Overview
Solon Education Foundation is located in Solon, IA. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Solon Education 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 06/2024, Solon Education Foundation generated $31.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $39.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE SOLON EDUCATION FOUNDATION PURPOSE IS TO PROVIDE A CONDUIT FOR THE COMMUNITY TO FINANCIALLY SUPPORT THE EDUCATIONAL NEEDS OF THE SOLON COMMUNITY SCHOOL DISTRICT. THE FOUNDATION FAVORS EDUCATOR-INITIATED GRANTS TO THE SCHOOL BY SEEKING PROJECTS THAT MAXIMIZE A BENEFIT TO A MAJORITY OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Sands Director | 0 | $0 | |
Kevin Blind Director | 0 | $0 | |
Mike Turner Treasurer | 0 | $0 | |
Mundi Mccarty President | 0 | $0 | |
Tom Gross Vice President | 0 | $0 | |
Kelly Clougher Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,208 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,487 |
| Gain or Loss | $88 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,783 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,787 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $122 |
| Other expenses | $6,025 |
| Total expenses | $39,382 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $270,662 |
| Other assets | $0 |
| Total assets | $270,662 |
| Total liabilities | $0 |
| Net assets or fund balances | $270,662 |