Solomon Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are not tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$630,110
Expenses
$892,335
Net Income
-$262,225
Net Assets
$15,418,856
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $111,565
17.7%
Dividends $239,958
38.1%
Sales of Assets $278,496
44.2%
Other Income $91
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $795,000
89.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,418,856
Total Liabilities $0
Net Assets $15,418,856
Compensation
Key Employees and Officers Compensation Other
Sara Solomon (President) $0 $0
Sebastian Solomon (Director) $0 $0
Ilona Solomon (Director) $0 $0
Richard Shuster (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$468,860
Expenses
$855,452
Net Income
-$386,592
Net Assets
$15,681,081
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $103,153
22.0%
Dividends $235,936
50.3%
Sales of Assets -$9,235
Other Income $139,006
29.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $795,000
92.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,681,081
Total Liabilities $0
Net Assets $15,681,081
Compensation
Key Employees and Officers Compensation Other
Sara Solomon (President) $0 $0
Sebastian Solomon (Director) $0 $0
Ilona Solomon (Director) $0 $0
Richard Shuster (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,503,045
Expenses
$823,947
Net Income
$679,098
Net Assets
$16,067,674
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,326,832
88.3%
Interest Revenue $101,669
6.8%
Dividends $191,122
12.7%
Sales of Assets -$117,231
Other Income $653
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $760,000
92.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,067,674
Total Liabilities $0
Net Assets $16,067,674
Compensation
Key Employees and Officers Compensation Other
Sara Solomon (President) $0 $0
Sebastian Solomon (Director) $0 $0
Ilona Solomon (Director) $0 $0
Richard Shuster (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,824,844
Expenses
$731,568
Net Income
$7,093,276
Net Assets
$15,388,576
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $58,303
0.7%
Dividends $189,414
2.4%
Sales of Assets $7,575,462
96.8%
Other Income $1,665
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $705,200
96.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,388,576
Total Liabilities $0
Net Assets $15,388,576
Compensation
Key Employees and Officers Compensation Other
Sara Solomon (President) $0 $0
Sebastian Solomon (Director) $0 $0
Ilona Solomon (Director) $0 $0
Richard Shuster (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$183,440
Expenses
$671,946
Net Income
-$488,506
Net Assets
$8,295,299
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $52,977
28.9%
Dividends $128,952
70.3%
Sales of Assets $1,361
0.7%
Other Income $150
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $662,000
98.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,295,300
Total Liabilities $1
Net Assets $8,295,299
Compensation
Key Employees and Officers Compensation Other
Sara Solomon (President) $0 $0
Sebastian Solomon (Director) $0 $0
Ilona Solomon (Director) $0 $0
Richard Shuster (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$348,021
Expenses
$670,893
Net Income
-$322,872
Net Assets
$8,783,805
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $68,654
19.7%
Dividends $162,702
46.8%
Sales of Assets $116,113
33.4%
Other Income $552
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $660,000
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,783,806
Total Liabilities $1
Net Assets $8,783,805
Compensation
Key Employees and Officers Compensation Other
Sara Solomon (President) $0 $0
Sebastian Solomon (Director) $0 $0
Ilona Solomon (Director) $0 $0
Richard Shuster (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$201,633
Expenses
$672,806
Net Income
-$471,173
Net Assets
$9,106,678
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $63,805
31.6%
Dividends $140,680
69.8%
Sales of Assets $0
Other Income $1,185
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $663,300
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,106,678
Total Liabilities $0
Net Assets $9,106,678

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$97,915
Expenses
$635,990
Net Income
-$538,075
Net Assets
$10,587,111
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $361
0.4%
Dividends $108,471
> 100%
Sales of Assets $0
Other Income -$10,844
Notable Expenses Percent of Total Expenses
Charitable Disbursements $634,479
99.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,587,111
Total Liabilities $0
Net Assets $10,587,111

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$118,349
Expenses
$336,265
Net Income
-$217,916
Net Assets
$11,125,186
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $341
0.3%
Dividends $55,963
47.3%
Sales of Assets $76,123
64.3%
Other Income -$14,078
Notable Expenses Percent of Total Expenses
Charitable Disbursements $331,571
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,125,186
Total Liabilities $0
Net Assets $11,125,186

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,257,102
Expenses
$130,456
Net Income
$6,126,646
Net Assets
$11,343,102
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,093,983
97.4%
Interest Revenue $91
0.0%
Dividends $35,274
0.6%
Sales of Assets $143,108
2.3%
Other Income -$15,354
Notable Expenses Percent of Total Expenses
Charitable Disbursements $127,000
97.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,343,102
Total Liabilities $0
Net Assets $11,343,102

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,077,424
Expenses
$46,729
Net Income
$3,030,695
Net Assets
$5,216,456
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,982,800
96.9%
Dividends $75
0.0%
Sales of Assets $67,494
2.2%
Other Income -$10,540
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,540
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,216,456
Total Liabilities $0
Net Assets $5,216,456

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$114,127
Expenses
$80,517
Net Income
$33,610
Net Assets
$2,185,761
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $89
0.1%
Dividends $16,560
14.5%
Sales of Assets $97,478
85.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,500
100.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,185,761
Total Liabilities $0
Net Assets $2,185,761

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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