Solar Quest Foundation Inc
- Assets
- $12.7m
- Revenue
- $275.6k
- Investments
- $12.4m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- Data as of
- 12/2023
- EIN
- 84-3056988
Organization Overview
Solar Quest Foundation Inc is located in Rockville, MD. 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. Solar Quest Foundation Inc 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 12/2023, Solar Quest Foundation Inc generated $275.6k in total revenue.
Since 2021, Solar Quest Foundation Inc has awarded 61 individual grants totaling $1,283,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chantelle Marie Hibbs President | 3 | $36,751 | |
Michelle Ann Franklin VP Secretary | 3 | $36,751 | |
Kevin P Fay Treasurer | 3 | $36,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $368,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$92,957 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $275,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,253 |
| 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 | $392 |
| Total operating and administrative expenses | $187,326 |
| Contributions, gifts, grants paid | $345,000 |
| Total expenses and disbursements | $532,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $267,598 |
| 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 | $4,658,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,310 |
| Total assets | $12,666,122 |
| Accounts payable and accrued expenses | $74,402 |
| Grants payable | $107,000 |
| 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 | $181,402 |
Grants Awarded
Over the last fiscal year, Solar Quest Foundation Inc has awarded $345,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHY HARVEST FOOD BANK PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
SALVATION ARMY PURPOSE: GENERAL PROGRAM SUPPORT | $20,000 |
ENVIRONMENTAL AND ENERGY STUDY INST PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
SO OTHERS MIGHT EAT INC PURPOSE: GENERAL PROGRAM SUPPORT | $45,000 |
N STREET VILLAGE PURPOSE: GENERAL PROGRAM SUPPORT | $30,000 |
AMERICAN RED CROSS PURPOSE: GENERAL PROGRAM SUPPORT | $11,000 |