Nonprofit · EIN 82-4698211
SOLA I CAN FOUNDATION
Tax-exempt · LOS ANGELES, CA 90044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,468,054 | $4,232,110 | -$764,056 | $7,686,002 | $1,849,276 | $5,836,726 |
| December 31, 2023 | 990 | $7,185,507 | $2,746,742 | $4,438,765 | $8,152,829 | $1,558,016 | $6,594,813 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,671,004
- of which government grants
- $1,084,399
- Program service revenue
- $27,200
- Investment income
- $6,965
- Net rental income
- $6,942
- Net income from fundraising events
- -$244,057
- Other revenue
- -$237,115
Expenses
- Grants and similar amounts paid
- $620,249
- Compensation of officers, directors and key employees
- $473,570
- Other salaries and wages
- $1,257,605
- Salaries, compensation and benefits (total)
- $1,987,992
- Professional fundraising fees
- $0
- Legal fees
- $4,340
- Accounting fees
- $3,104
- Occupancy
- $415,441
- Travel
- $17,641
- Depreciation
- $265,582
- Program services (functional)
- $3,066,790
- Management and general (functional)
- $1,048,986
- Fundraising (functional)
- $116,334
Balance sheet and other
- Total assets, start of year
- $8,152,829
- Total assets, end of year
- $7,686,002
- Total liabilities, end of year
- $1,849,276
- Net assets, end of year
- $5,836,726
- Land, buildings and equipment
- $2,284,895
- Net assets without donor restrictions
- $5,836,726
- Gross receipts
- $3,743,611
- Employees
- 29
- Volunteers
- 250
- Year formed
- 2018
- State of legal domicile
- CA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERRI FRANCOIS | PRESIDENT/EXEC. DIR. Trustee or director, Officer | 37 | $276,500 | $6,785 |
| LAURA DOXEY | DIR. OF TECH OPS Highest-paid employee | 40 | $128,505 | $13,989 |
| DANIEL ROSOVE | BOARD MEMBER Trustee or director | 40 | $131,010 | $10,024 |
| TRACY LIU | VP SOCIAL IMPACT Highest-paid employee | 40 | $115,297 | $11 |
| NUNA ATADIA | DIR. OF TECH EFF. Highest-paid employee | 40 | $107,850 | $7,180 |
| DAN STILLWELL | TREASURER/CONTROLLER Trustee or director, Officer | 16 | $49,251 | $0 |
| SHIRLEY MONTALVO | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMES FAUNTELROY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA ZAWACKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JADE IOVINE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTEN JEFFERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RAHSHIENE TAHA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIANNA SCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRI FRANCOIS | PRESIDENT/EXEC. DIR. Trustee or director, Officer | 40 | $0 |
| MICHAEL BERNSTEIN | TREASURER Trustee or director, Officer | 20 | $0 |
| SHIRLEY MONTALVO | BOARD SECRETARY Trustee or director, Officer | 5 | $0 |
| DANIEL ROSOVE | BOARD MEMBER Trustee or director | 20 | $0 |
| JAMES FAUNTELROY | BOARD MEMBER Trustee or director | 1 | $0 |
| MELISSA ZAWACKI | BOARD MEMBER Trustee or director | 1 | $0 |
| JADE IOVINE | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTEN JEFFERS | BOARD MEMBER Trustee or director | 1 | $0 |
| RAHSHIENE TAHA | BOARD MEMBER Trustee or director | 1 | $0 |
| KIANNA SCOTT | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8629 S VERMONT AVE, LOS ANGELES, CA 90044-4827
- Principal officer (990 for 2024)
- SHERRI FRANCOIS, 8629 S VERMONT AVE, LOS ANGELES, CA 90044
- Signed the 990
- SHERRI FRANCOIS, PRESIDENT/EXEC. DIR.
- Phone
- (323) 306-4648
- Website
- THESOLAFOUNDATION.ORG
- 990-N for 2018 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Sherri Francois, 8629 S Vermont Ave, Los Angeles CA 90044. Mailing address: 8629 S Vermont Ave, Los Angeles CA 90044. Website: https://www.solaimpact.com/i-can-program
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 82-4698211 or by the name SOLA I CAN FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE SOLA FOUNDATION IS BUILT ON A SIMPLE PREMISE: IF YOU CAN SEE IT, YOU CAN BE IT. SOLA WORKS TO END INTERGENERATIONAL POVERTY IN SOUTH LOS ANGELES THROUGH COMMUNITY DEVELOPMENT AND CREATING NEW ACCESS TO ECONOMIC AND EDUCATIONAL OPPORTUNITY.
Program accomplishments
- TECHNOLOGY & ENTREPRENEURSHIP CENTER (TEC): PROVIDE ACCESS TO CAREER DEVELOPMENT & ENTREPRENEURSHIP ACCESS TO EDUCATION & TECH INNOVATION ACCESS TO FINANCIAL LITERACY & ECONOMIC MOBILITY ACCESS TO COLLEGE READINESS.Expenses $1,663,215 · grants $42,306 · revenue $27,200
- COMMUNITY ENGAGEMENT/PATHWAYS TO OWNERSHIP: SUPPORT THE COMMUNITY AND RESIDENTS WITH FURNITURE AND OTHER LIVING NEEDS.Expenses $618,337 · grants $374,870
- SOLA SCHOLARS: PROVIDING SCHOLARSHIPS AND COLLEGE SUPPORT TO INSPIRING SOUTH LA HIGH SCHOOL SENIORS COMMITTED TO PURSUING A HIGHER EDUCATION AND MAKING AN IMPACT IN THEIR COMMUNITY. (ACCESS TO COLLEGE SCHOLARSHIPS).Expenses $785,238 · grants $203,073
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-4698211
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $7,686,002
- Income (IRS master file)
- $3,743,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,468,054 | $4,232,110 | $7,686,002 | XML |
| 990 | December 2023 | $7,185,507 | $2,746,742 | $8,152,829 | XML |
| 990 | December 2022 | $2,316,542 | $2,102,291 | $2,236,696 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Sherri Francois Filed under this EIN, most likely by a chapter or affiliate | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-4698211).
Questions about SOLA I CAN FOUNDATION
- What is the EIN of SOLA I CAN FOUNDATION?
- The employer identification number (EIN) of SOLA I CAN FOUNDATION is 82-4698211.
- Is SOLA I CAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to SOLA I CAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOLA I CAN FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOLA I CAN FOUNDATION 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 SOLA I CAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOLA I CAN FOUNDATION?
- The 990 for the year ended December 31, 2024 names SHERRI FRANCOIS.
- Who are the officers and directors of SOLA I CAN FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 6 received compensation from the organization, the highest $276,500 (SHERRI FRANCOIS, PRESIDENT/EXEC. DIR.).
- How much revenue does SOLA I CAN FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,468,054, expenses of $4,232,110 and total assets of $7,686,002 at year end.
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