A Solid Foundation
- Assets
- $157.7k
- Revenue
- $3.0k
- Investments
- $153.4k
- Employees
- 0
- Location
- Boring, OR
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 86-1078002
Organization Overview
A Solid Foundation is located in Boring, OR. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Solid 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, A Solid Foundation generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert B Farnes Treasurer | 0.5 | $0 | |
Darren Ford Board Member | 0.1 | $0 | |
Brent Abney Board Member | 0 | $0 | |
Cody Farnes Board Member | 0.1 | $0 | |
Michelle D Farnes President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $2,970 |
| 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 | $2,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $393 |
| Contributions, gifts, grants paid | $10,226 |
| Total expenses and disbursements | $10,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,362 |
| 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 | $0 |
| Total assets | $157,735 |
| 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, A Solid Foundation has awarded $10,226 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROSE CHURCH PURPOSE: IMPACT | $1,500 |
AS IS CHURCH PURPOSE: IMPACT | $1,500 |
EMBRACE OREGON DBA THE CONTINGENT PURPOSE: IMPACT | $1,226 |
Portland, OR PURPOSE: IMPACT | $1,000 |
FEEDING AMERICA PURPOSE: IMPACT | $1,000 |
ABUNDANT LIFE CHURCH PURPOSE: IMPACT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |
Aim High For High School San Francisco, CA | $16,769,829 | $8,542,802 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Monarch School Project San Diego, CA | $10,858,774 | $7,145,400 |