Bobbie Solley Foundation
- Assets
- $2.8m
- Revenue
- $121.4k
- Investments
- $2.8m
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-1903160
Organization Overview
Bobbie Solley Foundation is located in Murfreesboro, TN. The organization was established in 2018. 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. Bobbie Solley 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 12/2022, Bobbie Solley Foundation generated $121.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $118.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bobbie Solley Foundation has awarded 24 individual grants totaling $671,332. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobbie Solley President | 5 | $0 | |
Katie Frazier Secretary/treasurer | 2 | $0 | |
Shawn Frazier Director | 1 | $0 | |
Anna D'herde Director | 1 | $0 | |
Brian D'herde Director | 1 | $0 | |
Renee Sproles Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,972 |
| Capital Gain Net Income | $71,972 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,094 |
| Contributions, gifts, grants paid | $112,857 |
| Total expenses and disbursements | $117,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,917 |
| 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 | $2,767,516 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,799,433 |
| Accounts payable and accrued expenses | $1,802 |
| 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 | $1,802 |
Grants Awarded
Over the last fiscal year, Bobbie Solley Foundation has awarded $112,857 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMBASSADORS FOR CHRIST PURPOSE: PROVIDE FUNDING FOR EDUCATION IN TEGUCIGALPA, HONDURAS | $18,150 |
EASTERN EUROPEAN MISSIONS PURPOSE: PROVIDE EDUCATION SUPPORT FOR TEACHERS IN KIEV AND ODESSA UKRAINE IN THE AREA OF CHARACTER DEVELOPMENT | $28,000 |
CHRISTIAN URBAN DEVELOPMENT ASSOCIATION PURPOSE: PROVIDE TRAINIG FOR PERU TEACHERS AND PRINCIPALS | $41,707 |
RENEW ORG PURPOSE: GRANT | $25,000 |