Solon Education Foundation

Organization Overview

Solon Education Foundation is located in Solon, IA. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solon Education 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 06/2024, Solon Education Foundation generated $31.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $39.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2024

Describe the Organization's Program Activity:

Part 3

THE SOLON EDUCATION FOUNDATION PURPOSE IS TO PROVIDE A CONDUIT FOR THE COMMUNITY TO FINANCIALLY SUPPORT THE EDUCATIONAL NEEDS OF THE SOLON COMMUNITY SCHOOL DISTRICT. THE FOUNDATION FAVORS EDUCATOR-INITIATED GRANTS TO THE SCHOOL BY SEEKING PROJECTS THAT MAXIMIZE A BENEFIT TO A MAJORITY OF STUDENTS.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$23,208
Total Program Service Revenue$0
Membership dues$0
Investment income $8,487
Gain or Loss$88
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$31,783

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