Solon Andreas Foundation
- Assets
- $850.5k
- Revenue
- $85.6k
- Investments
- $822.6k
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 12/2007
- Data as of
- 12/2021
- 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 12/2021, Solon Andreas Foundation generated $85.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $80.8k during the year ending 12/2021. While expenses have increased by 2.3% 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.
Since 2016, Solon Andreas Foundation has awarded 111 individual grants totaling $277,000. 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 | 0 | $0 | |
Martin L Andreas Jr Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $43,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,794 |
| Capital Gain Net Income | $41,794 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $1,246 |
| Total operating and administrative expenses | $28,771 |
| Contributions, gifts, grants paid | $52,000 |
| Total expenses and disbursements | $80,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,953 |
| 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 | $850,543 |
| 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 $52,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN COUNTY CHARTER SCHOOL SYSTEM PURPOSE: CHARITABLE | $17,000 |
Cedar Rapids, IA PURPOSE: CHARITABLE | $5,500 |
WILLIAMSBURG COUNTY FIRE DEPT PURPOSE: CHARITABLE | $3,000 |
BUIST ACADEMY PURPOSE: CHARITABLE | $2,500 |
Charleston, SC PURPOSE: CHARITABLE | $2,500 |
North Charleston, SC PURPOSE: CHARITABLE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC | $82,949,220 | $9,210,244 |
The Peyton Anderson Foundation Inc Macon, GA | $85,371,883 | $13,633,354 |
The Springs Close Foundation Inc Fort Mill, SC | $40,896,237 | $10,062,453 |
Albemarle Foundation Charlotte, NC | $33,633,920 | $20,497,587 |
Donald And Marilyn Keough Foundation Atlanta, GA | $98,883,521 | $27,525,361 |
Wilbur And Hilda Glenn Family Foundaition Atlanta, GA | $96,293,914 | $6,644,438 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC | $134,122,083 | $44,728,639 |
Trailsend Foundation Atlanta, GA | $118,817,898 | $16,686,920 |