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.
Form
990EZ
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christy Sands Director | 0 | $0 | |
Kevin Blind Director | 0 | $0 | |
Mike Turner Treasurer | 0 | $0 | |
Mundi Mccarty President | 0 | $0 | |
Tom Gross Vice President | 0 | $0 | |
Kelly Clougher Director | 0 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $1,787 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $122 |
Other expenses | $6,025 |
Total expenses | $39,382 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $270,662 |
Other assets | $0 |
Total assets | $270,662 |
Total liabilities | $0 |
Net assets or fund balances | $270,662 |