Sol International Foundation Inc
- Assets
- $222.1k
- Revenue
- $298.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4786732
Organization Overview
Sol International Foundation Inc is located in Asheville, NC. The organization was established in 2006. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sol International 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.
For the year ending 12/2021, Sol International Foundation Inc generated $298.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $189.7k during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: INITIATE AND SUPPORT COMMUNITY BASED PROGRAMS DESIGNED TO PROMOTE EDUCATION AND INCREASE THE QUALITY OF LIFE IN DEVELOPING AREAS. CURRENTLY FOCUSED IN ROATNA HONDURAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE- EDUCATION FOR 43 AT RISK YOUTH IN ROATAN HONDURAS. SCHOLARSHIPS ARE DISBURSED TO ATTEND PRIVATE SCHOOLS. THESE STUDENTS ARE FROM LOW INCOME HOMES AND HAVE BEEN SELECTED BASED ON MERIT AND NEED. A VOLUNTEER FROM SOL MEETS QUARTERLY WITH THE DIFFERENT TEACHERS AT THE 6 PRIVATE SCHOOLS THAT THESE STUDENTS ATTEND. THIS HELPS TO TRACK THE STUDENTS PROGRESS AND SEE IF ADDITIONAL TUTORING OR HELP IS NEEDED FOR THE STUDENT TO SUCCEED. IN ADDITION THESE AND OTHER STUDENTS RECEIVE FUNDS TOWARDS SCHOOL TRANSPORTATION AND SUPPLIES.
HISTORICALLY THIS PROGRAM WAS TO ADMINISTER FUNDS AND HELP FAMILIES OF THE YOUTH INVOLVED IN OTHER PROGRAM SERVICES WHEN THEY NEEDED ADDITIONAL SUPPORT DUE TO ILLNESS DEATH OR MAJOR EMERGENCIES. IN 2020 THIS PROGRAM EXPANDED DUE TO THE DIRE NEED TO HELP FAMILIES DUE TO SKYROCKETING UNEMPLOYMENT AND FOOD SCARCITY DUE TO THE LACK OF TOURISM TYPICALLY THE NUMBER ONE INDUSTRY ON THE ISLAND DURING THE PANDEMIC. THIS PROGRAM CONTINUED SUPPLYING FOOD ASSISTANCE ISLAND WIDE IN CONJUNCTION WITH TWO LOCAL NGOS FOR THE FIRST HALF OF 2021. THEN THIS PROGRAM WAS SCALED BACK DRAMATICALLY AS TOURISM RESUMED ON THE ISLAND. DURING THE FIRST HALF OF THE YEAR HUNDREDS OF FAMILIES RECEIVED FOOD BAGS OF ESSENTIALS ON A ROTATING BASIS AND IT GRADUALLY DECREASED EACH MONTH UNTIL THE END OF MAY WHEN THE PROGRAM COMPLETED THIS PHASE OF FOOD ASSISTANCE.
PROGRAM SERVICE: COMMUNITY FACILITIES- EXTRA CURRICULAR ACTIVITIES FOR 150+ AT RISK YOUTH INCLUDING EDUCATIONAL ARTISTIC AND ATHLETIC PROGRAMS IN A SAFE ENVIRONMENT TO INTERACT PLAY LEARN AND EAT NUTRITIOUS MEALS. THE CENTER ALSO HOSTS OTHER NON PROFITS VOLUNTEERS AND MEMBERS OF THE COMMUNITY TO ENGAGE WITH THE YOUTH IN A POSITIVE WAY. SOL WORKED IN CONJUNCTION WITH A HONDURAN NGO THAT FOCUSES ON COMPLIMENTARY GOALS FOR AT RISK YOUTH. SOL AWARDED A $12,000 GRANT TO THIS NGO TO RUN A CHEF CLASS AT THE CENTER TO TEACH KIDS HOW TO PREPARE MEALS AND PROVIDED BREAKFAST ON SCHOOL DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Elmore President | Officer | 30 | $12,000 |
Brandon Raab President | Officer | 5 | $0 |
Joanie Flanagan Treasurer | Officer | 4 | $0 |
Cassondra Williams Maier Secretary | Officer | 1 | $0 |
Eldon Bolton Director | Trustee | 1 | $0 |
Lizeth Fowler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,632 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $59,747 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $22,000 |
| Fees for services: Legal | $4,034 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,700 |
| Advertising and promotion | $0 |
| Office expenses | $9,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,785 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $189,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,079 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $27,565 |
| Retained earnings, endowment, accumulated income, or other funds | $194,514 |
| Total liabilities and net assets/fund balances | $222,079 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sol International Foundation Inc has recieved totaling $57,048.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $41,724 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $14,429 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Blessing International Relief & Development Corp Virginia Beach, VA | $46,516,514 | $96,480,836 |
Blumont Global Development Inc Arlington, VA | $10,315,810 | $52,380,007 |
Rise Against Hunger Raleigh, NC | $11,336,568 | $47,200,303 |
Mana Nutritive Aid Products Inc Matthews, NC | $67,621,644 | $74,041,127 |
Christian Relief Services Charities Inc Alexandria, VA | $4,032,952 | $38,457,221 |
Christian Relief Services Charities Inc Alexandria, VA | $1,058,086 | $23,184,836 |
Blumont International Inc Arlington, VA | $12,865,572 | $19,569,982 |
Gleaning For The World Inc Concord, VA | $12,160,365 | $11,390,037 |
Coptic Orphans Support Association Merrifield, VA | $53,399,454 | $18,274,988 |
Kids Alive International Inc Alpharetta, GA | $13,632,036 | $14,142,637 |
Nascent Solutions Inc Alexandria, VA | $4,533,019 | $10,643,568 |
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |