Solomon Family Foundation Inc
- Assets
- $11.6k
- Revenue
- $22.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 10/1999
- Data as of
- 12/2023
- EIN
- 82-0508600
Organization Overview
Solomon Family Foundation Inc is located in Boise, ID. The organization was established in 1999. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related 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 12/2023, Solomon Family Foundation Inc generated $22.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $24.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Solomon Family Foundation Inc has awarded 124 individual grants totaling $166,662. 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 |
|---|---|---|---|
Karen L Solomon President | 1 | $0 | |
David L Palfreyman Director | 1 | $0 | |
Derek K Fridley Director | 1 | $0 | |
Bryan L Palfreyman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,233 |
| Interest on Savings | $340 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,276 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $24,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,556 |
| 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 | $11,556 |
| 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 $22,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ASSUMPTION GREEK ORTHODOX - SEATTLE PURPOSE: RELIGIOUS INSTRUCTION | $5,000 |
ASSUMPTION GREEK ORTHODOX - POCATEL PURPOSE: RELIGIOUS INSTRUCTION | $5,000 |
MISSON AVIATION FELLOWSHIP PURPOSE: RELIGIOUS INSTRUCTION | $500 |
ASSUMPTION OF THE BLESSED VIRGIN MA PURPOSE: RELIGIOUS INSTRUCTION | $500 |
IDAHO FRATERNAL ORDER OF POLICE PURPOSE: SUPPORT FOR FAMILIES OF LAW ENFORCEMENT | $100 |
THE IDAHO FOOD BANK PURPOSE: HUMANITARIAN | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
King County Bar Foundation Seattle, WA | $3,860,752 | $1,130,280 |
Sobecki Family Foundation Jackson, WY | $19,207,211 | $1,030,744 |
Multnoma Bar Foundation Portland, OR | $705,004 | $119,963 |
Montana Police Protective Association Foundation Inc Butte, MT | $281,210 | $240,220 |
Legal Hope Seattle, WA | $0 | $0 |
Idaho Fraternal Order Of Police Foundation Inc Blackfoot, ID | $23,992 | $68,736 |
Broadmoor Rv Golf Classic Pasco, WA | $268 | $45,530 |
Solomon Family Foundation Inc Boise, ID | $11,556 | $22,573 |
The Billings Exchange Clubs Foundation For The Prevention Of Billings, MT | $414,202 | $22,136 |
Walla Walla Sheriffs Foundation Walla Walla, WA | $50,656 | $0 |
Newberg-Dundee Police Foundation Newberg, OR | $92,941 | $0 |
Bozeman Lions Foundation Bozeman, MT | $28,804 | $0 |
Friends Of Bozeman Veterans Court Bozeman, MT | $12,664 | $8,360 |
Distributing Hope Inc Helena, MT | $47,867 | $50,000 |