Nonprofit · EIN 87-1346593
PHILIP & CATHY SOLOMONS FOUNDATION INC
Tax-exempt · SAVANNAH, GA 31406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,581,207 | $128,621 | $1,452,586 | $3,957,850 | $5,242 | $3,952,608 |
| December 31, 2024 | 990-PF | $22,158 | $91,895 | -$69,737 | $1,928,772 | $0 | $1,928,772 |
| December 31, 2023 | 990-PF | $629,900 | $7,859 | $622,041 | $1,522,302 | $0 | $1,522,302 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,552,117
- Dividends
- $29,030
- Interest
- $60
Expenses
- Grants and similar amounts paid
- $120,989
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $124,799
- Excise tax on investment income
- $351
Balance sheet and other
- Total assets, start of year
- $1,928,772
- Total assets, end of year
- $3,957,850
- Total liabilities, end of year
- $5,242
- Net assets, end of year
- $3,952,608
- Fair market value of assets
- $3,957,850
- Qualifying distributions
- $124,799
- Net investment income
- $29,090
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 |
|---|---|---|---|
| PAUL D MEYER PO BOX 16089, SAVANNAH, GA 31416 | CHAIRMAN / PRESIDENT | 0.5 | $0 |
| PAUL D MEYER PO BOX 16089, SAVANNAH, GA 31416 | SECRETARY / TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL D MEYER PO BOX 16089, SAVANNAH, GA 31416 | CHAIRMAN / PRESIDENT | 0.5 | $0 |
| PAUL D MEYER PO BOX 16089, SAVANNAH, GA 31416 | SECRETARY / TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL D MEYER PO BOX 16089, SAVANNAH, GA 31416 | CHAIRMAN / PRESIDENT | 0.5 | $0 |
| PAUL D MEYER PO BOX 16089, SAVANNAH, GA 31416 | SECRETARY / TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 400 MALL BOULEVARD, SAVANNAH, GA 31406-4861
- In care of
- % CATHY SOLOMONS TRUSTEE
- Signed the 990-PF
- PAUL D MEYER, 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
- 87-1346593
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,957,850
- Income (IRS master file)
- $1,581,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,581,207 | $128,621 | $3,957,850 | IRS |
| 990-PF | December 2024 | $22,158 | $91,895 | $1,928,772 | IRS |
| 990-PF | December 2023 | $629,900 | $7,859 | $1,522,302 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-1346593).
Questions about PHILIP & CATHY SOLOMONS FOUNDATION INC
- What is the EIN of PHILIP & CATHY SOLOMONS FOUNDATION INC?
- The employer identification number (EIN) of PHILIP & CATHY SOLOMONS FOUNDATION INC is 87-1346593.
- Is PHILIP & CATHY SOLOMONS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PHILIP & CATHY SOLOMONS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PHILIP & CATHY SOLOMONS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PHILIP & CATHY 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 & CATHY 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 & CATHY 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 & CATHY SOLOMONS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,581,207, expenses of $128,621 and total assets of $3,957,850 at year end.
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