Solaris Foundation
- Assets
- $5.1m
- Revenue
- $636.1k
- Investments
- $4.2m
- Employees
- 0
- Location
- Mcallen, TX
- Founding
- Data as of
- 12/2022
- EIN
- 85-0654527
Organization Overview
Solaris Foundation is located in Mcallen, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solaris 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, Solaris Foundation generated $636.1k 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 (36.9%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SCHOLARSHIP PROGRAMS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yixiang Liu Trustee | 0 | $0 | |
Shan Jiag Trustee | 0 | $0 | |
Ning MA Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $800,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$223,505 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $636,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,962 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,359 |
| Contributions, gifts, grants paid | $140,000 |
| Total expenses and disbursements | $164,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,214 |
| Savings and temporary cash investments | $0 |
| 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 | $5,051,075 |
| 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, Solaris Foundation has awarded $140,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LOKAA FOUNDATION PURPOSE: SCHOLARSHIP FUND | $3,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $25,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: SCHOLARSHIP FUND | $25,000 |
UNIVERSITY OF TEXAS RIO GRANDE VALL PURPOSE: SCHOLARSHIP FUND | $50,000 |
SAMANTHA ALMARAZ PURPOSE: SCHOLARSHIP | $10,000 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $20,000 |