Solid Foundations
- Assets
- $2.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Goleta, CA
- Founding
- Data as of
- 12/2022
- EIN
- 38-4135960
Organization Overview
Solid Foundations is located in Goleta, CA. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Solid Foundations employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solid Foundations 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, Solid Foundations generated $68.7k in total revenue. All expenses for the organization totaled $68.6k during the year ending 12/2022. While expenses have increased by 80.1% per year over the past 3 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE HOLD CLASSES FOR CHILDREN TO TEACH THEM SELF DEFENSE THROUGH MARTIAL ARTS. THESE CLASSES EDUCATE THEM ON THE IMPRTANCE OF PHYSICAL FITNESS IN FUN WAY THAT ENCOURAGES THEM TO KEEP THESE HABITS THOUGHOUT LIFE. WE ALSO HOST CLASSES FOR CHILDREN THAT TEACHES THEM HOW TO USE TOOLS ALONG WITH MULTIPLE CONSTRUCTION SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Regalado Jr President & CEO | 0 | $0 | |
Lorena Regalado CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,693 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,693 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,800 |
| Professional fees and other payments to independent contractors | $1,850 |
| Occupancy, rent, utilities, and maintenance | $17,833 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,083 |
| Total expenses | $68,566 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,419 |
| Other assets | $0 |
| Total assets | $2,419 |
| Total liabilities | $1,329 |
| Net assets or fund balances | $1,090 |