Solomon Institute Inc
- Assets
- $39.0k
- Revenue
- $532.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Palm Beach, FL
- Founding
- Data as of
- 06/2023
- EIN
- 88-2748300
Organization Overview
Solomon Institute Inc is located in Palm Beach, FL. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Solomon Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomon Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOLOMON LEADERSHIP PROGRAMS MISSION IS TO CULTIVATE FUTURE LEADERS WHO HAVE A STRONG ETHICAL IDENTITY AND MORAL COMPASS AND WANT TO GIVE BACK TO THEIR COMMUNITIES. SOLOMONS UNIQUE FORMULA GIVES PARTICIPANTS A BROAD PERSPECTIVE ON LEADERSHIP, SUCCESS, AND THE UNDERPINNING CHARACTER AND SKILLS NEEDED FOR EFFECTIVE LEADERSHIP. THIS ENABLES PARTICIPANTS TO ENVISION THEMSELVES AS STRONG LEADERS OF THE FUTURE, GIVING THEM THE DRIVE TO AGGRESSIVELY PURSUE THEIR GOALS AND HAVE GREATER INFLUENCE AS LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLOMON LEADERSHIP PROGRAM PROVIDES PROGRAMMING FOR NONDENOMINATIONAL YOUTH GROUPS AND RELIGIOUS ORGANIZATIONS SEEKINGS MEANINGFUL TEEN PROGRAMMING FOR THEIR COMMUNITIES. SOLOMON ENVISIONS BECOMING A WELL-KNOWN AND PRESTIGIOUS ORGANIZATION WITH CHAPTERS ACROSS THE UNITED STATES AND INTERNATIONALLY. IN THE 2022-23 FISCAL YEAR, IT OPERATED 9 CHAPTERS THROUGHOUT 4 STATES AND PROVINCES, AND LED 72 SESSIONS WITH 165 GRADUATES, WITH A TOTAL OF 399 COLLEGE CREDITS EARNED.
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Dworcan CEO | OfficerTrustee | 30 | $54,083 |
Lawrence Sosnow Dect | Trustee | 8 | $11,577 |
Moshe Scheiner Dccs | Trustee | 5 | $0 |
Chana Bart Director Of Operations | Officer | 40 | $80,000 |
Brookie Milecki Chapter Liason | Officer | 40 | $18,701 |
Miriam Pinsky Education Director | Officer | 40 | $66,954 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $434,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,701 |
| Total Program Service Revenue | $97,521 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $532,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,314 |
| Compensation of current officers, directors, key employees. | $54,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,679 |
| Fees for services: Accounting | $5,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,560 |
| Advertising and promotion | $68,959 |
| Office expenses | $8,932 |
| Information technology | $1,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $284 |
| All other expenses | $0 |
| Total functional expenses | $484,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,988 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $38,988 |
| Total liabilities and net assets/fund balances | $38,988 |