Nonprofit · EIN 58-2273251
PHILIP & SHIRLEY SOLOMONS FOUNDATION INC
Tax-exempt · SAVANNAH, GA 31401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $867,228 | $1,056,072 | -$188,844 | $9,715,812 | $0 | $9,715,812 |
| December 31, 2024 | 990-PF | $2,096,049 | $947,479 | $1,148,570 | $9,980,700 | $0 | $9,980,700 |
| December 31, 2023 | 990-PF | $1,486,676 | $794,872 | $691,804 | $9,262,154 | $0 | $9,262,154 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $323,847
- Interest
- $143
- Net gain from sales of assets
- $543,112
- Other income
- $126
Expenses
- Grants and similar amounts paid
- $815,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $820,768
- Excise tax on investment income
- $8,930
Balance sheet and other
- Total assets, start of year
- $9,980,700
- Total assets, end of year
- $9,715,812
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,715,812
- Fair market value of assets
- $20,680,008
- Qualifying distributions
- $820,768
- Net investment income
- $867,228
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP SOLOMONS JR 300 BULL ST APT 701, SAVANNAH, GA 31401 | CHAIRMAN / PRESIDENT | 0.5 | $0 |
| PHILIP SOLOMONS JR 300 BULL ST APT 701, SAVANNAH, GA 31401 | SECRETARY / TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP SOLOMONS JR 300 BULL ST APT 701, SAVANNAH, GA 31401 | CHAIRMAN / PRESIDENT | 0.5 | $0 |
| PHILIP SOLOMONS JR 300 BULL ST APT 701, SAVANNAH, GA 31401 | SECRETARY / TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP SOLOMONS JR 300 BULL ST APT 701, SAVANNAH, GA 31401 | CHAIRMAN / PRESIDENT | 0.5 | $0 |
| PHILIP SOLOMONS JR 300 BULL ST APT 701, SAVANNAH, GA 31401 | SECRETARY / TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 300 BULL ST APT 701, SAVANNAH, GA 31401-4342
- In care of
- % PHILIP SOLOMONS SR
- Signed the 990-PF
- PHILIP SOLOMONS JR, PRESIDENT
- Phone
- (912) 352-7163
- Return prepared by
- BENNETT THRASHER LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 58-2273251
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $9,715,812
- Income (IRS master file)
- $2,294,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $867,228 | $1,056,072 | $9,715,812 | IRS |
| 990-PF | December 2024 | $2,096,049 | $947,479 | $9,980,700 | IRS |
| 990-PF | December 2023 | $1,486,676 | $794,872 | $9,262,154 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2273251).
Questions about PHILIP & SHIRLEY SOLOMONS FOUNDATION INC
- What is the EIN of PHILIP & SHIRLEY SOLOMONS FOUNDATION INC?
- The employer identification number (EIN) of PHILIP & SHIRLEY SOLOMONS FOUNDATION INC is 58-2273251.
- Is PHILIP & SHIRLEY SOLOMONS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to PHILIP & SHIRLEY SOLOMONS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PHILIP & SHIRLEY SOLOMONS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PHILIP & SHIRLEY SOLOMONS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILIP & SHIRLEY SOLOMONS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PHILIP & SHIRLEY SOLOMONS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does PHILIP & SHIRLEY SOLOMONS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $867,228, expenses of $1,056,072 and total assets of $9,715,812 at year end.
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