Solomons Porch 2 Benefit
- Assets
- $318.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-1861578
Organization Overview
Solomons Porch 2 Benefit is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomons Porch 2 Benefit 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 12/2022, Solomons Porch 2 Benefit generated $10.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $460.0 during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
BEGAN TO PROVIDE THE NECESSARY GROUNDWORK AND STRUCTURE FOR EMPOWEWRING YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Schuler President | 5 | $0 | |
Dennis Suda Vice President | 5 | $0 | |
Earl Vander Wall Secretary | 5 | $0 | |
Connie Calvin Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,464 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $925 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,389 |
| 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 | $460 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $460 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $250,635 |
| Other assets | $0 |
| Total assets | $318,160 |
| Total liabilities | $0 |
| Net assets or fund balances | $318,160 |