Alan D & Susan Lewis Solomont Family Foundation
- Assets
- $140.2k
- Revenue
- $114.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 04-3388562
Organization Overview
Alan D & Susan Lewis Solomont Family Foundation is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Alan D & Susan Lewis Solomont Family 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, Alan D & Susan Lewis Solomont Family Foundation generated $114.1k 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 (23.4%) each year. All expenses for the organization totaled $116.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Alan D & Susan Lewis Solomont Family Foundation has awarded 246 individual grants totaling $1,043,750. 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 |
|---|---|---|---|
Susan Lewis Solomont Trustee | 0 | $0 | |
Alan D Solomont Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,424 |
| Interest on Savings | $66 |
| Dividends & Interest | $1,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,835 |
| Capital Gain Net Income | $88,835 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,117 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $9,347 |
| Contributions, gifts, grants paid | $107,360 |
| Total expenses and disbursements | $116,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,826 |
| Savings and temporary cash investments | $31,309 |
| 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 | $82,083 |
| Total assets | $140,218 |
| 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, Alan D & Susan Lewis Solomont Family Foundation has awarded $107,360 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: UNRESTRICTED | $2,500 |
COUNCIL OF AMERICAN AMBASSADORS PURPOSE: UNRESTRICTED | $1,000 |
BERKLEE COLLEGE OF MUSIC PURPOSE: OUTSTANDING PLEDGE | $5,000 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: UNRESTRICTED | $1,000 |
FINCA VIGIA FOUNDATION INC PURPOSE: UNRESTRICTED | $1,000 |
CRADLES TO CRAYONS PURPOSE: UNRESTRICTED | $1,000 |