Sarah Long And David Solomon Family Foundation
- Assets
- $4.2m
- Revenue
- $6.0m
- Investments
- $3.4m
- Employees
- 0
- Location
- Bedford Hills, NY
- Founding
- Data as of
- 12/2022
- EIN
- 84-3750732
Organization Overview
Sarah Long And David Solomon Family Foundation is located in Bedford Hills, NY. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sarah Long And David Solomon Family 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, Sarah Long And David Solomon Family Foundation generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $407.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sarah Long And David Solomon Family Foundation has awarded 19 individual grants totaling $474,925. 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 |
|---|---|---|---|
David Solomon Trustee | 1 | $0 | |
Sarah Long Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,989,513 |
| Interest on Savings | $41,685 |
| Dividends & Interest | $44,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,944,343 |
| Capital Gain Net Income | $2,944,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $638 |
| Total Revenue | $6,020,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,424 |
| Total operating and administrative expenses | $77,152 |
| Contributions, gifts, grants paid | $329,925 |
| Total expenses and disbursements | $407,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $806,880 |
| 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 | $2,127,031 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,163,878 |
| 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 | $42,087 |
| Total liabilities | $42,087 |
Grants Awarded
Over the last fiscal year, Sarah Long And David Solomon Family Foundation has awarded $329,925 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE PUBLIC THEATER PURPOSE: PROGRAM SUPPORT | $18,645 |
BEDFORD PLAYHOUSE INC PURPOSE: PROGRAM SUPPORT | $100,000 |
YALE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $100,000 |
LINCOLN CENTER THEATER PURPOSE: PROGRAM SUPPORT | $51,500 |
THE JED FOUNDATION PURPOSE: PROGRAM SUPPORT | $24,740 |
THE LIVING ARTS COLLABORATIVE PURPOSE: PROGRAM SUPPORT | $10,040 |