Solomon Foundation
- Assets
- $104.8k
- Revenue
- $5.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-3578941
Organization Overview
Solomon Foundation is located in Texarkana, TX. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomon 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, Solomon Foundation generated $5.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.5%) each year. All expenses for the organization totaled $34.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID 5,500 FOR THE DIVORCE TO GET OUT OF AN ABUSIVE MARRIAGE OF LEGAL SARAH HALL
2,000 TO KAYLA KING FOR TRIP OUT OF THE TOWN, SHE IS A LOW INCOME FAMILY.
PAID 500 TO WALKING FOR WILLIAMS
PAID 500 TO PEYTON SIMS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,526 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,927 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $26,427 |
| Contributions, gifts, grants paid | $8,500 |
| Total expenses and disbursements | $34,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,601 |
| 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 | $0 |
| Net Land, buildings, and equipment | $103,171 |
| Other assets | $0 |
| Total assets | $104,772 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Solomon Foundation has awarded $8,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KAYLA KING PURPOSE: LOW INCOME FAMILY | $2,000 |
SARAH HALL LEGAL PURPOSE: HELPED FOR THER DIVORCE | $5,500 |
WALKING FOR WILLIAMS FUNDRAISER PURPOSE: FUNDRAISER | $1,000 |