Lynne F Solon Foundation
- Assets
- $297.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edwardsville, IL
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 37-1315678
Organization Overview
Lynne F Solon Foundation is located in Edwardsville, IL. The organization was established in 1994. 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. Lynne F Solon 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, Lynne F Solon Foundation generated $56.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $8.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Finley President | 1 | $0 | |
Norma Belcoff Director | 0 | $0 | |
Christopher Wetmore Vice President | 0 | $0 | |
Bart Solon Treasurer | 10 | $0 | |
Robert Biarkis Director | 1 | $0 | |
Matt Beller Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,244 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,378 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,622 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,941 |
| Total expenses | $8,356 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $297,286 |
| Other assets | $0 |
| Total assets | $297,286 |
| Total liabilities | $0 |
| Net assets or fund balances | $297,286 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lynne F Solon Foundation has recieved totaling $10,296.
| Awarding Organization | Amount |
|---|---|
Theodore A Kienstra Foundation Saint Louis, MO PURPOSE: GENERAL SUPPORT OF CHARITABLE ACTIVITIES | $10,000 |
Winney Foundation Mt Juliet, TN PURPOSE: GENERAL PURPOSE | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |