Sola I Can Foundation
- Assets
- $2.0m
- Revenue
- $607.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-4698211
Organization Overview
Sola I Can Foundation is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Sola I Can Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sola I Can 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 12/2021, Sola I Can Foundation generated $607.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOLA I CAN WORKS TO END INTERGENERATIONAL POVERTY IN SOUTH LOS ANGELES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLA CORE PROGRAM - THE COVID-19 RETRAINING AND RECOVERY FUND (CORE) WAS LAUNCHED TO HELP COMMUNITY MEMBERS SEVERELY FINANCIALLY AFFECTED BY COVID-19 FUNDAMENTALLY CHANGE THE TRAJECTORY OF THEIR PROFESSIONAL LIVES. CORE SCHOLARS WILL RETRAIN IN NEW CAREERS, EMERGING IN STRONGER ECONOMIC AND PROFESSIONAL POSITIONS THAN BEFORE. CORE HAS AWARDED $1 MILLION IN SCHOLARSHIPS TO 201 DESERVING SCHOLARS
SOLA THOUSAND HOTSPOTS 4 THOUSAND DAYS OR 1000 X 1000 (T4T). THIS PROGRAM PROVIDES 1,000 HOTSPOTS TO INDIVIDUALS/ FAMILIES FOR 1,000 DAYS FREE OF CHARGE.
SOLA SCHOLAR PROGRAM - A COMMUNITY BASED SCHOLARSHIP AWARDING INSPIRING SOUTH LA HIGH SCHOOL SENIORS COMMITTED TO PURSUING A HIGHER EDUCATION AND MAKING AN IMPACT IN THEIR COMMUNITY.
SOLA TECH AND ENTERPRENEURSHIP CENTER TRAINS AND INSPIRES THE NEXT GENERATION OF BLACK AND BROWN TECH AND ENTERAINMENT LEADERS AND ENTREPRENEURS FROM SOUTH LOS ANGELES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Francois Board President | OfficerTrustee | 40 | $0 |
Michael Bernstein Board Treasurer | OfficerTrustee | 20 | $0 |
Shirley Montalvo Board Secretary | OfficerTrustee | 5 | $0 |
Daniel Rosove Board Member | Trustee | 20 | $0 |
Chole Boutelle Board Member | Trustee | 1 | $0 |
Melissa Waters Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $171,849 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $436,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,153 |
| Total Program Service Revenue | $0 |
| Investment income | $3,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,013 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $714,369 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,220 |
| Pension plan accruals and contributions | $3,287 |
| Other employee benefits | $15,213 |
| Payroll taxes | $17,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,776 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,365 |
| Office expenses | $82,706 |
| Information technology | $46,121 |
| Royalties | $0 |
| Occupancy | $1,600 |
| Travel | $10,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,696 |
| Insurance | $19,061 |
| All other expenses | $4,849 |
| Total functional expenses | $1,322,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $621,410 |
| Savings and temporary cash investments | $1,003,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $378,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,004,780 |
| Accounts payable and accrued expenses | $207 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $207 |
| Net assets without donor restrictions | $2,004,573 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,004,780 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Sola I Can Foundation has recieved totaling $231,366.
| Awarding Organization | Amount |
|---|---|
Los Angeles Rams Foundation Agoura Hills, CA PURPOSE: ANNUAL COMMITMENT | $50,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Professional Development Program | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $37,961 |
Joseph Drown Foundation Los Angeles, CA PURPOSE: OPERATING SUPPORT | $30,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: THE SOLA TECHNOLOGY AND ENTREPRENEURSHIP CENTER (THE FIRST IN SOUTH LA) WILL CLOSE THE DIGITAL DIVIDE, PROVIDE ACCESS TO HIGH QUALITY, CUTTING EDGE TECHNOLOGY AND ENTREPRENEURSHIP EDUCATION AND OPEN NEW PATHWAYS FOR BLACK AND LATIN YOUTH TO BECOME THE NEXT GENERATION OF TECH LEADERS AND ENTREPRENEURS. | $25,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: THE SOLA TECHNOLOGY AND ENTREPRENEURSHIP CENTER (THE FIRST IN SOUTH LA) WILL CLOSE THE DIGITAL DIVIDE, PROVIDE ACCESS TO HIGH QUALITY, CUTTING EDGE TECHNOLOGY AND ENTREPRENEURSHIP EDUCATION AND OPEN NEW PATHWAYS FOR BLACK AND LATIN YOUTH TO BECOME THE NEXT GENERATION OF TECH LEADERS AND ENTREPRENEURS. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |
Conservation Corps Of Long Beach Long Beach, CA | $9,166,980 | $11,871,279 |
We Hope East Palo Alto, CA | $4,717,112 | $7,572,079 |
San Francisco City Impact San Francisco, CA | $1,094,213 | $7,113,381 |