Soma Foundation Inc
- Assets
- $291.3m
- Revenue
- $42.7m
- Investments
- $288.0m
- Employees
- 0
- Location
- Columbus, GA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-3994466
Organization Overview
Soma Foundation Inc is located in Columbus, GA. The organization was established in 2014. 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. Soma 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 12/2021, Soma Foundation Inc generated $42.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $13.5m during the year ending 12/2021. While expenses have increased by 10.6% 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.
Since 2014, Soma Foundation Inc has awarded 320 individual grants totaling $58,110,716. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,022,308 |
| Interest on Savings | $343,549 |
| Dividends & Interest | $4,212,185 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,133,358 |
| Capital Gain Net Income | $21,133,358 |
| Net ST Capital Gain | $1,833,992 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$52,684 |
| Total Revenue | $42,658,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $147,879 |
| Pension plans, employee benefits | $0 |
| Interest | $254,556 |
| Taxes | $431,511 |
| Depreciation | $2,152 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,596 |
| Printing and publications | $0 |
| Other expenses | $2,510,717 |
| Total operating and administrative expenses | $3,423,738 |
| Contributions, gifts, grants paid | $10,090,811 |
| Total expenses and disbursements | $13,514,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,139 |
| Savings and temporary cash investments | $2,932,320 |
| 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 | $207,978,099 |
| Net Land, buildings, and equipment | $2,491 |
| Other assets | $219,000 |
| Total assets | $291,253,599 |
| 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 | $144,654 |
| Total liabilities | $144,654 |
Grants Awarded
Over the last fiscal year, Soma Foundation Inc has awarded $10,090,811 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION PURPOSE: FINANCIAL SUPPORT | $3,219,811 |
GEORGE W TRUETT SEMINARY PURPOSE: FINANCIAL SUPPORT | $1,250,000 |
Boone, NC PURPOSE: FINANCIAL SUPPORT | $1,010,000 |
Dayton, OH PURPOSE: FINANCIAL SUPPORT | $1,000,000 |
SALVATION ARMY PURPOSE: FINANCIAL SUPPORT | $500,000 |
SAFEHOUSE MINISTRIES PURPOSE: FINANCIAL SUPPORT | $345,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Soma Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
John J And Rose Cali Family Foundation Cranford, NJ PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |