The Salute Foundation
- Assets
- $1.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maywood, IL
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 83-2526101
Organization Overview
The Salute Foundation is located in Maywood, IL. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salute 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 12/2022, Salute Foundation generated $97.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $98.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
THE SALUTE FOUNDATION WILL ENFORCE THE ATTRIBUTES OF SACRIFICES,AMBITION,LOYALTY,UNREMITTING,TRUTH,AND EDUCATION BY PROVIDING OPPORTUNITIES THAT PREPARE YOUTH AND ADULTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sterling Brown President | 10 | $0 | |
Wanda Faulkner Secretary | 10 | $0 | |
Sterling Brown Director | 10 | $0 | |
Shannon Brown Director | 5 | $0 | |
Wanda Faulkner Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,028 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,028 |
| 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 | $85,374 |
| Occupancy, rent, utilities, and maintenance | $480 |
| Printing, publications, postage, and shipping | $6,835 |
| Other expenses | $5,625 |
| Total expenses | $98,314 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,466 |
| Other assets | $0 |
| Total assets | $1,466 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,466 |