Sollee Family Foundation Inc
- Assets
- $1.9m
- Revenue
- -$281.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-1750975
Organization Overview
Sollee Family Foundation Inc is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Sollee 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.
Since 2020, Sollee Family Foundation Inc has awarded 40 individual grants totaling $361,250. 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 |
|---|---|---|---|
John R Sollee VP | 1 | $0 | |
Katherine Sollee VP | 1 | $0 | |
Margaret E Sollee Co- Pres, Dir, Sec | 1 | $0 | |
William L Sollee Jr Dir, Treas, Co- Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,154 |
| Dividends & Interest | $18,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$322,068 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$281,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,830 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,118 |
| Total operating and administrative expenses | $11,948 |
| Contributions, gifts, grants paid | $85,750 |
| Total expenses and disbursements | $97,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $348,809 |
| 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 | $1,861,827 |
| 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, Sollee Family Foundation Inc has awarded $85,750 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CORPORATION OF HAVERFORD COLLEGE PURPOSE: BIOLOGY DEPARTMENT | $1,000 |
CORPORATION OF HAVERFORD COLLEGE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
CENTER FOR SCIENCE IN THE PUBLIC INTEREST PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
DC BAR PRO BONO CENTER PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
EARTHJUSTICE PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
LEGAL AID SOCIETY OF THE DISTRICT OF COLUMBIA PURPOSE: GENERAL & UNRESTRICTED | $1,000 |