Solley Foundation
- Assets
- $633.4k
- Revenue
- $14.1k
- Investments
- $619.8k
- Employees
- 0
- Location
- Decatur, AL
- Founding
- 12/2008
- Data as of
- 12/2022
- EIN
- 26-3659563
Organization Overview
Solley Foundation is located in Decatur, AL. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Solley 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, Solley Foundation generated $14.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $114.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Solley Foundation has awarded 55 individual grants totaling $492,100. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie B Solley President | 0 | $0 | |
Robin S Barker Secretary-Tr | 0 | $0 | |
Ray R Solley Director | 0 | $0 | |
Linda L Solley Director | 0 | $0 | |
Bobbie A Solley Director | 0 | $0 | |
Anna B D'herde Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $17,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,945 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $156 |
| Total operating and administrative expenses | $22,938 |
| Contributions, gifts, grants paid | $92,000 |
| Total expenses and disbursements | $114,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,718 |
| Savings and temporary cash investments | $9,934 |
| 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 | $633,427 |
| 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, Solley Foundation has awarded $92,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HARDING UNIVERSITY PURPOSE: CHRISTIAN EDUCATION | $10,000 |
PROJECT RESCUE INC PURPOSE: CHRISTIAN OUTREACH | $43,000 |
BELTLINE CHURCH OF CHRIST PURPOSE: CHRISTIAN OUTREACH | $5,000 |
DECATUR HERITAGE CHRISTIAN ACADEMY PURPOSE: CHRISTIAN EDUCATION | $3,000 |
MIDDLE TENNESSEE CHRISTIAN SCHOOL PURPOSE: CHRISTIAN EDUCATION | $15,000 |
HIS HANDS OF HOPE PURPOSE: CHRISTIAN OUTREACH | $5,000 |