Solder True Life Foundation
- Assets
- $4.5m
- Revenue
- $214.8k
- Investments
- $4.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 84-4045550
Organization Overview
Solder True Life Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Solder True Life 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, Solder True Life Foundation generated $214.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (52.6%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Solder President | 0 | $0 | |
Alexis Solder Vice President | 0 | $0 | |
Jack Easterby Board Member | 0 | $0 | |
Karen Marsh Treasurer | 0 | $0 | |
Bridget Wise Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $330,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$200,258 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $76,417 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,610 |
| Depreciation | $0 |
| Occupancy | $362 |
| Travel, conferences, and meetings | $233,985 |
| Printing and publications | $0 |
| Other expenses | $42,239 |
| Total operating and administrative expenses | $413,104 |
| Contributions, gifts, grants paid | $15,050 |
| Total expenses and disbursements | $428,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,327 |
| Savings and temporary cash investments | $0 |
| 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 | $150,098 |
| Total assets | $4,511,672 |
| 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 | $15,131 |
| Total liabilities | $15,131 |
Grants Awarded
Over the last fiscal year, Solder True Life Foundation has awarded $15,050 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PRO ATHLETES OUTREACH PURPOSE: GENERAL SUPPORT | $12,700 |
JUDE SMERLICK PURPOSE: GENERAL SUPPORT | $1,000 |
IZZY FOUNDATION INC PURPOSE: GENERAL SUPPORT | $1,000 |
THE TRUSTEES PURPOSE: GENERAL SUPPORT | $350 |