Sollevare Foundation Inc
- Assets
- $5.4k
- Revenue
- $10.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-1612268
Organization Overview
Sollevare Foundation Inc is located in Sandy, UT. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sollevare Foundation Inc 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, Sollevare Foundation Inc generated $10.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.7% each year . All expenses for the organization totaled $25.0k during the year ending 12/2022. While expenses have increased by 20.1% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGE IN ACTIVITIES WHICH ALLEVIATE SUFFERING OF THE POOR, DISTRESSED, AND UNDERPRIVILEDGED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Peery President | 1 | $0 | |
Shane Peery Secretary/treasurer | 1 | $0 | |
Carol Sue Mortensen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,920 |
| Total operating and administrative expenses | $8,920 |
| Contributions, gifts, grants paid | $16,120 |
| Total expenses and disbursements | $25,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,351 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $66 |
| Total assets | $5,417 |
| 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 | $9,124 |
| Total liabilities | $9,124 |
Grants Awarded
Over the last fiscal year, Sollevare Foundation Inc has awarded $16,120 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHOUT UTAH PURPOSE: SPECIAL NEEDS EDUCATION ASSISTANCE | $5,000 |
JOSUE ISREAL PURPOSE: BUILD A HOME IN ECUADOR | $5,420 |
JAIME VINICI PURPOSE: BUILD A HOME IN ECUADOR | $5,700 |