Solheim Foundation
- Assets
- $16.1m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 74-2378207
Organization Overview
Solheim Foundation is located in Phoenix, AZ. The organization was established in 1985. 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. Solheim 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 06/2022, Solheim Foundation generated $10.7m in total revenue. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 21.5% per year over the past 3 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candy Birch Trustee | 1 | $0 | |
Joy Solheim Trustee | 1 | $0 | |
David Solheim Chairperson | 1 | $0 | |
Alan Solheim Jr Trustee | 1 | $0 | |
Andrew Solheim Trustee | 1 | $0 | |
Allan Solheim Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,724,305 |
| 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 | $10,724,305 |
| 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 | $389 |
| Total operating and administrative expenses | $389 |
| Contributions, gifts, grants paid | $2,000,000 |
| Total expenses and disbursements | $2,000,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,125,393 |
| 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 | $3,000 |
| Total assets | $16,128,393 |
| 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, Solheim Foundation has awarded $7,075,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: CELEBRATION OF LIFE DONATION | $6,500,000 |
OKLAHOMA STATE UNIVERSITY PURPOSE: WOMEN'S GOLF FUND | $25,000 |
GLOBAL GOLF PURPOSE: COLLEGE WOMEN'S MINISTRY | $50,000 |
OKLAHOMA STATE UNIVERSITY PURPOSE: GOLF FUND | $500,000 |