Cohen-Solomon Family Foundation
- Assets
- $177.5k
- Revenue
- $90.2k
- Investments
- $162.9k
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-3519556
Organization Overview
Cohen-Solomon Family Foundation is located in Brookline, MA. 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. Cohen-Solomon Family 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, Cohen-Solomon Family Foundation generated $90.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $131.1k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 6 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 2017, Cohen-Solomon Family Foundation has awarded 122 individual grants totaling $387,587. 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 |
|---|---|---|---|
Betsy Solomon Trustee | 0 | $50,000 | |
Martin Solomon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,553 |
| Interest on Savings | $547 |
| Dividends & Interest | $7,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,955 |
| Capital Gain Net Income | $785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $38 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,594 |
| Total operating and administrative expenses | $95,522 |
| Contributions, gifts, grants paid | $35,571 |
| Total expenses and disbursements | $131,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,634 |
| 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 | $94,109 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $177,540 |
| 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, Cohen-Solomon Family Foundation has awarded $35,571 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DANA FARBER PURPOSE: CHARITY | $1,300 |
TEMPLE BETH ELOHIM PURPOSE: CHARITY | $25,000 |
COMBINED JEWISH PHILANTHROP PURPOSE: CHARITY | $500 |
LEUKEMIA & LYMPHOMA FOUNDATION PURPOSE: CHARITY | $100 |
BROOKLINE TEEN CENTER PURPOSE: CHARITY | $5,000 |
UJA FEDERATION OF NEW YORK PURPOSE: CHARITY | $1,100 |