Solon Andreas Foundation
- Assets
- $695.7k
- Revenue
- $19.3k
- Investments
- $669.4k
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 26-0540143
Organization Overview
Solon Andreas Foundation is located in Hilton Head Island, SC. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Solon Andreas 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 12/2023, Solon Andreas Foundation generated $19.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Solon Andreas Foundation has awarded 143 individual grants totaling $361,000. 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 |
|---|---|---|---|
Jon D Andreas Co-Trustee | 5 | $12,000 | |
Martin L Andreas Jr Co-Trustee | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $21,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,435 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $580 |
| Total operating and administrative expenses | $28,180 |
| Contributions, gifts, grants paid | $29,000 |
| Total expenses and disbursements | $57,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,348 |
| 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 | $695,720 |
| 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, Solon Andreas Foundation has awarded $29,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SPRING ISLAND TRUST PURPOSE: CHARITABLE | $1,500 |
ST ANDREWS PARKS & PLAYGROUND PURPOSE: CHARITABLE | $1,500 |
THE BUIST ACADEMY FOUNDATION PURPOSE: CHARITABLE | $1,500 |
THE FIRST FREE WILL BAPTIST CHURCH PURPOSE: CHARITABLE | $1,500 |
LITTLE ISLAND PRESCHOOL OF HILTON H PURPOSE: CHARITABLE | $1,000 |
WILLIAMSBURG COUNTY FIRE DEPT PURPOSE: CHARITABLE | $2,000 |