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 12/2022, Sol International Foundation Inc generated $184.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $221.2k during the year ending 12/2022. 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 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
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Elmore President | 15 | $0 | |
Brandon Raab President | 10 | $0 | |
Joanie Flanagan Treasurer | 5 | $0 | |
Cassondra Williams Maier Secretary | 1 | $0 | |
Teresa Bolton Board Member | 1 | $0 | |
Lizeth Fowler Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $184,829 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$778 |
Other Revenue | $0 |
Total Revenue | $184,051 |
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 | $9,300 |
Occupancy, rent, utilities, and maintenance | $4,143 |
Printing, publications, postage, and shipping | $189 |
Other expenses | $83,068 |
Total expenses | $221,179 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $160,171 |
Other assets | $0 |
Total assets | $184,951 |
Total liabilities | $0 |
Net assets or fund balances | $184,951 |