Solomons Rest
- Assets
- $182.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 34-2059295
Organization Overview
Solomons Rest is located in Bismarck, ND. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomons Rest 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, Solomons Rest generated $54.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $15.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING MINISTRY & OUTREACH SERVICES TO CITIZENS OF THE UNITED STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hl Boustead III President | 20 | $1,800 | |
Beth Boustead Vice-President | 1 | $1,800 | |
Bryan Schulz Director | 1 | $0 | |
Robert Engesser Secretary | 1 | $0 | |
Patrick Scholl Treasurer | 6 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,450 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $50,244 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,695 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,400 |
| Professional fees and other payments to independent contractors | $225 |
| Occupancy, rent, utilities, and maintenance | $1,574 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $935 |
| Total expenses | $15,615 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,720 |
| Other assets | $0 |
| Total assets | $182,638 |
| Total liabilities | $0 |
| Net assets or fund balances | $182,638 |