Nonprofit · EIN 65-0717960
SOLOMON FAMILY FOUNDATION INC
Tax-exempt · MIAMI, FL 33133
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $630,110 | $892,335 | -$262,225 | $15,418,856 | $0 | $15,418,856 |
| December 31, 2023 | 990-PF | $468,860 | $855,452 | -$386,592 | $15,681,081 | $0 | $15,681,081 |
| December 31, 2022 | 990-PF (amended) | $1,503,045 | $823,947 | $679,098 | $16,067,674 | $0 | $16,067,674 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $239,958
- Interest
- $111,565
- Net gain from sales of assets
- $278,496
- Other income
- $91
Expenses
- Grants and similar amounts paid
- $795,000
- Disbursements for charitable purposes
- $795,000
- Excise tax on investment income
- $6,988
Balance sheet and other
- Total assets, start of year
- $15,681,081
- Total assets, end of year
- $15,418,856
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,418,856
- Fair market value of assets
- $18,593,450
- Qualifying distributions
- $795,000
- Net investment income
- $600,095
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA SOLOMON 2811 SOUTH BAYSHORE DRIVE, APARTMENT 9A, MIAMI, FL 33133 | PRESIDENT | 1 | $0 |
| SEBASTIAN SOLOMON 145 WEST 27TH STREET, APT 4E, NEW YORK, NY 10001 | DIRECTOR | 1 | $0 |
| ILONA SOLOMON 262 SHOTWELL STREET, SAN FRANCISCO, CA 94110 | DIRECTOR | 1 | $0 |
| RICHARD SHUSTER 2811 SOUTH BAYSHORE DRIVE, APARTMENT 9A, MIAMI, FL 33133 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA SOLOMON 2811 SOUTH BAYSHORE DRIVE, APARTMENT 9A, MIAMI, FL 33133 | PRESIDENT | 1 | $0 |
| SEBASTIAN SOLOMON 145 WEST 27TH STREET, APT 4E, NEW YORK, NY 10001 | DIRECTOR | 1 | $0 |
| ILONA SOLOMON 157 CAPP STREET, SAN FRANCISCO, CA 94110 | DIRECTOR | 1 | $0 |
| RICHARD SHUSTER 2811 SOUTH BAYSHORE DRIVE, APARTMENT 9A, MIAMI, FL 33133 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA SOLOMON 2811 SOUTH BAYSHORE DRIVE, APARTMENT 9A, MIAMI, FL 33133 | PRESIDENT | 1 | $0 |
| SEBASTIAN SOLOMON 145 WEST 27TH STREET, APT 4E, NEW YORK, NY 10001 | DIRECTOR | 1 | $0 |
| ILONA SOLOMON 157 CAPP STREET, SAN FRANCISCO, CA 94110 | DIRECTOR | 1 | $0 |
| RICHARD SHUSTER 2811 SOUTH BAYSHORE DRIVE, APARTMENT 9A, MIAMI, FL 33133 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2811 S BAYSHORE DR UNIT 9A, MIAMI, FL 33133-6090
- In care of
- % MARTIN L SOLOMON
- Signed the 990-PF
- SARA SOLOMON, PRESIDENT
- Phone
- (305) 856-3103
- Return prepared by
- TURNER & ASSOCIATES 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 | Not 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
- 65-0717960
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90Z)
- Assets (IRS master file)
- $15,418,856
- Income (IRS master file)
- $5,131,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $630,110 | $892,335 | $15,418,856 | XML |
| 990-PF | December 2023 | $468,860 | $855,452 | $15,681,081 | XML |
| 990-PF | December 2022 | $1,503,045 | $823,947 | $16,067,674 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 65-0717960).
Questions about SOLOMON FAMILY FOUNDATION INC
- What is the EIN of SOLOMON FAMILY FOUNDATION INC?
- The employer identification number (EIN) of SOLOMON FAMILY FOUNDATION INC is 65-0717960.
- Is SOLOMON FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to SOLOMON FAMILY FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOLOMON FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SOLOMON FAMILY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOLOMON FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of SOLOMON FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SOLOMON FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $630,110, expenses of $892,335 and total assets of $15,418,856 at year end.
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