Marie G Solis Foundation
- Assets
- $340.0k
- Revenue
- $24.8k
- Investments
- $329.6k
- Employees
- 0
- Location
- Chalfont, PA
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 45-5537745
Organization Overview
Marie G Solis Foundation is located in Chalfont, PA. The organization was established in 2013. 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. Marie G Solis 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 12/2023, Marie G Solis Foundation generated $24.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $75.4k during the year ending 12/2023. 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 |
|---|---|---|---|
Renee C Rock President | 1 | $27,500 | |
Alice R Shober Vice-President | 1 | $10,000 | |
Samantha Shober Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,665 |
| Capital Gain Net Income | $7,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $372 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,105 |
| Total operating and administrative expenses | $62,927 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $75,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,007 |
| Savings and temporary cash investments | $9,419 |
| 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 | $48,186 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $340,032 |
| 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, Marie G Solis Foundation has awarded $12,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DELAWARE HOSPICE PURPOSE: OPERATIONS | $5,000 |
GRAND VIEW HEALTH FOUNDATION PURPOSE: OPERATIONS | $2,500 |
VISITING NURSE ASSOCIATION OF ST LUKES PURPOSE: OPERATIONS | $2,500 |
HUNTERDON MEDICAL CENTER FOUNDATION PURPOSE: OPERATIONS | $2,500 |