Solbon International Inc
- Assets
- $2.4m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Cape Coral, FL
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 65-1070756
Organization Overview
Solbon International Inc is located in Cape Coral, FL. The organization was established in 2002. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solbon International 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 12/2023, Solbon International Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 9.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP EMERGING POPULATIONS BECOME EQUIPPED TO MEET THEIR OWN NEEDS THROUGH THE DEVELOPMENT OF SUSTAINABLE SOLUTIONS IN COOPERATION WITH LOCAL GOVERNMENTS, ACHIEVING RESULTS THROUGH LOCAL AND INTERNATIONAL RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EDUCATION PROGRAMS THAT TEACH BUSINESS SKILLS TO LOCAL WORKERS. ENGLISH CLASSES TO RURAL RESIDENTS, STUDENTS APPLYING FOR ACCEPTANCE INTO UNIVERSITIES AND LOCAL GOVERNMENT OFFICIALS. FEEDING PROGRAMS FOR IMPOVERISHED CHILDREN. TRAIN LOCAL COMMUNITY IN THE BUSINESS OF RENOVATING & OPERATING A LOCAL HOTEL TO ENRICH TOURISM. LIAISON FOR DEVELOPMENT PROGRAMS IN RURAL ASIA. TRAIN INDIVIDUALS TO WORK IN RURAL OVERSEAS AREAS TO IMPLEMENT PROGRAMS THAT WILL ENRICH THE COMMUNITY, VIA BUSINESS AND EDUCATION PROGRAMS.
PROGRAMS THAT PROVIDE TRAINING ON CROP PRODUCTION TO IMPROVE CROP YIELD AND TEACHING NEW FARMING METHODS TO REMOTE RURAL POPULATIONS. TRAIN NATIONALS IN FARM OWNERSHIP & OPERATION PROCEDURES. INSTRUCTION ON GROWING DIFFERENT CROPS IN REGION. TRAINING IN HOW TO TURN LOCAL FARM IN TO A SUSTAINABLE & PROFITABLE BUSINESS.
PROVIDE MEDICAL OVERSIGHT, TRAINING, DIAGNOSIS ASSISTANCE IN RURAL HOSPITALS & CLINICS. HOLD MEDICAL CLINICS & SURGERIES IN RURAL S.E. ASIA WHERE LOCAL NATIONALS CANNOT AFFORD HEALTHCARE. ASSIST NURSING STUDENTS WITH MEDICAL EDUCATION. PHYSICAL THERAPY ASSISTANCE TO PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Jones CFO | Officer | 15 | $19,500 |
Eric Siebenmorgen Board Member | Trustee | 0 | $0 |
Peter Woodruff Board Member | Trustee | 0 | $0 |
Dale Armstrong Board Member | Trustee | 0 | $0 |
Maynard Belson Board Member | Trustee | 0 | $0 |
Stephen Demarsh Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,648 |
| Total Program Service Revenue | $5,161,267 |
| Investment income | $77,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,274,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,500 |
| Compensation of current officers, directors, key employees. | $19,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $650 |
| Fees for services: Accounting | $5,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,080 |
| Advertising and promotion | $0 |
| Office expenses | $7,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,077 |
| All other expenses | $236,360 |
| Total functional expenses | $4,845,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,586 |
| Savings and temporary cash investments | $2,103,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,426,265 |
| Accounts payable and accrued expenses | $1,374,615 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,374,615 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,051,650 |
| Total liabilities and net assets/fund balances | $2,426,265 |