Salt & Light Foundation
- Assets
- $809.0k
- Revenue
- $20.4k
- Investments
- $778.0k
- Employees
- 0
- Location
- Decatur, AL
- Founding
- Data as of
- 12/2022
- EIN
- 84-3650643
Organization Overview
Salt & Light Foundation is located in Decatur, AL. 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. Salt & Light 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, Salt & Light Foundation generated $20.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (62.2%) each year.
Since 2020, Salt & Light Foundation has awarded 12 individual grants totaling $237,250. 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 |
|---|---|---|---|
Ronnie B Solley President | 0 | $0 | |
Danielle M Solley Secretary-Tr | 0 | $0 | |
Carson R Solley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50 |
| Dividends & Interest | $19,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,151 |
| Capital Gain Net Income | $1,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22 |
| Total Revenue | $20,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $16,017 |
| Contributions, gifts, grants paid | $99,000 |
| Total expenses and disbursements | $115,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,877 |
| Savings and temporary cash investments | $12,140 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $808,970 |
| 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, Salt & Light Foundation has awarded $99,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HIS HANDS OF HOPE PURPOSE: CHRISTIAN OUTREACH | $10,000 |
DECATUR HERITAGE CHRISTIAN ACADEMY PURPOSE: CHRISTIAN EDUCATION | $68,000 |
NATIONS OF COACHES PURPOSE: CHRISTIAN OUTREACH | $13,500 |
BELTLINE CHURCH OF CHRIST PURPOSE: CHRISTIAN OUTREACH | $5,000 |
CHURCH OF THE HIGHLANDS PURPOSE: CHRISTIAN OUTREACH | $2,500 |