Solomon Level 8 Foundation
- Assets
- $324.7k
- Revenue
- $24.1k
- Investments
- $290.2k
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 01/1999
- Data as of
- 12/2023
- EIN
- 59-3539126
Organization Overview
Solomon Level 8 Foundation is located in Tampa, FL. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Solomon Level 8 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, Solomon Level 8 Foundation generated $24.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $40.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Solomon Level 8 Foundation has awarded 103 individual grants totaling $286,739. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin B Solomon Trustee | 0 | $0 | |
Maxine Solomon Trustee | 0 | $0 | |
Dr Marcy S Baker Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $18,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,842 |
| Capital Gain Net Income | $5,841 |
| Net ST Capital Gain | $204 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $321 |
| Contributions, gifts, grants paid | $40,138 |
| Total expenses and disbursements | $40,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532 |
| Savings and temporary cash investments | $34,000 |
| 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 | $0 |
| Total assets | $324,687 |
| 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, Solomon Level 8 Foundation has awarded $40,138 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH NATIONAL FUND PURPOSE: JEWISH COMMUNITY SUPPORT | $11,800 |
UNITED WAY SUNCOAST PURPOSE: COMMUNITY SUPPORT | $1,000 |
DOMUS PACIS PURPOSE: SUPPORT FAMILIES | $100 |
FLORIDA ORCHESTRA PURPOSE: SUPPORT MUSIC | $5,000 |
USF FOUNDATION PURPOSE: SUPPORT USF | $100 |
HADASSAH PURPOSE: SUPPORT HOSPITALS | $298 |