Solomon Jackson Jr Foundation
- Assets
- $4.1m
- Revenue
- $309.6k
- Investments
- $4.0m
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-1218152
Organization Overview
Solomon Jackson Jr Foundation is located in Columbia, SC. The organization was established in 2010. 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. Solomon Jackson Jr 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, Solomon Jackson Jr Foundation generated $309.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $321.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED 75 QUALIFIED PERSONS (STUDENTS) OF COLOR AND/OR LOW INCOME STUDENTS ENROLLING IN TWO OR FOUR YEAR ACADEMIC INSTITUTIONS WITH $1,000-$5,000 COLLEGE SCHOLARSHIPS.
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 |
|---|---|---|---|
Solomon Jackson Jr President/director | 1 | $0 | |
Robert Squirewell Treasurer/director | 2 | $7,500 | |
Edna Delbridge Director | 2 | $7,500 | |
Audrey Ryans Director | 2 | $7,500 | |
Juwanda Jackson Director | 2 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $193,218 |
| Capital Gain Net Income | $193,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $309,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,803 |
| Total operating and administrative expenses | $127,849 |
| Contributions, gifts, grants paid | $194,026 |
| Total expenses and disbursements | $321,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,030 |
| 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 | $4,117,399 |
| 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 |