Solon Education Foundation in Solon, Iowa (IA)
Table of contents:
| Solon Education Foundation | |
| Employer Identification Number (EIN) | 810623677 |
| Name of Organization | Solon Education Foundation |
| In Care of Name | Laura Reed |
| Address | PO BOX 275, Solon, IA 52333-0275 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $214,053 |
| Amount of Income | $33,419 |
| Form 990 Revenue Amount | $33,419 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12 |
Non-representatives - add comments:
Amount of income in 2014: $33,419 (it was $56,897 in 2013)
| Solon Education Foundation: | $33,419 |
| Other organizations performing similar types of work: | $435,676 |
Assets in 2014: $214,053 (it was $193,834 in 2013)
| Solon Education Foundation: | $214,053 |
| Other organizations performing similar types of work: | $146,639 |
Expenses in 2014: $31,260
| Solon Education Foundation: | $31,260 |
| Other organizations performing similar types of work: | $452,289 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 56.8%
| Solon Education Foundation: | 56.8% |
| Other organizations performing similar types of work: | 2.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $56,897 | $33,419 | |
| Contributions, gifts, grants, and similar amounts received | $41,446 | $18,969 | |
| Program service revenue including government fees and contracts | $11,367 | $7,055 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $4,084 | $7,395 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $461,624 | $31,260 | |
| Total net assets | $193,462 | $213,681 | |
| Excess/Deficit for the year | $-404,727 | $2,159 | |
| Net assets or fund balances at beginning of year | $583,476 | $193,462 | |
| Other changes in net assets or fund balances | $14,713 | $18,060 | |
| Net assets or fund balances at end of year | $193,462 | $213,681 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $583,476 | $193,834 | $214,053 |
| Total liabilities | $0 | $372 | $372 |
| Net assets or fund balances | $193,462 | $213,681 | |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $617,642 |
| Subtotal Support | $617,642 |
| Gifts, grants, contributions, and membership fees received | $617,642 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $642,485 |
| Public Support | $617,642 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $24,843 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ross Institute | 18 Goodfriend Dr, East Hampton, NY 11937-2584 | NY | 2007-08 | $60,531,623 |
| 2 | San Francisco Friends School, Paula Haarvei | 250 Valencia St, San Francisco, CA 94103-2322 | CA | 2001-09 | $13,456,969 |
| 3 | Universal Institute Charter School | 800 S 15th St, Philadelphia, PA 19146-2105 | PA | 1999-06 | $8,544,428 |
| 4 | St Lukes-Jones Regional Medical Center | 1795 Highway 64 E, Anamosa, IA 52205-2112 | IA | 1999-12 | $37,888,139 |
| 5 | Siouxland Community Christian School Inc | 6100 Morningside Ave, Sioux City, IA 51106-3943 | IA | 2006-08 | $1,500,637 |
| 6 | Summit Schools Inc | 1010 Regent St Ne, Cedar Rapids, IA 52402-5730 | IA | 1999-04 | $903,337 |
| 7 | Joshua Christian Academy Inc | 1424 62nd St, Des Moines, IA 50311-1942 | IA | 2012-07 | $300,957 |
| 8 | Singing Cedars School Inc | 2149 North B Street, Fairfield, IA 52556 | IA | 2012-09 | $55,373 |
| 9 | Solon Education Foundation | PO BOX 275, Solon, IA 52333-0275 | IA | 2004-07 | $33,419 |
| 10 | Bernard Elementary Parent Booster Club | 867 Bernard Rd, Bernard, IA 52032 | IA | 1999-09 | $0 |
| 11 | Community Christian Schools | 2406 9 1/2 Ave S, Fort Dodge, IA 50501-6246 | IA | 1979-03 | $0 |
| 12 | Decorah Youth Sports Association Inc | 513 Locust Road, Decorah, IA 52101 | IA | 2014-12 | $0 |
| 13 | Fairmount Education Inc | 3720 E 29th St, Des Moines, IA 50317-4230 | IA | 2007-09 | $0 |
| 14 | Fluent Reading Our Goal | Po Box 164, Buffalo, IA 52728 | IA | 2014-10 | $0 |
| 15 | Heartland Christian School Incorporated | 400 Wright Rd, Council Blfs, IA 51501-8816 | IA | 2002-12 | $0 |
| 16 | Kinderhaven Early Childhood Educational Center | 2055 Mississippi View Drive, Muscatine, IA 52761 | IA | 2002-08 | $0 |
| 17 | Kingsway University And Theological Seminary Inc | 9120 Sw 9th St, Norwalk, IA 50211-2322 | IA | 2011-05 | $0 |
| 18 | Netherlands Reformed Christian School Inc | 712 20th Ave Se, Rock Valley, IA 51247-1646 | IA | 1981-06 | $0 |
| 19 | Shiloh University | 100 Shiloh Dr, Kalona, IA 52247-9604 | IA | 2007-07 | $0 |
| 20 | Society For Protestant Reformed Education Of Hull Iowa | 218 2nd St, Hull, IA 51239-7617 | IA | 2000-08 | $0 |
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| Total | 3,798 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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