The Jeannette R & Sidney L Solomon Foundation
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$0
Total Expenses
$70K
Net Assets
$831K
Employees
0
Grants Paid
$70K
Program Expense Ratio
99.9%
This nonprofit profile presents IRS Form 990 tax filing data for The Jeannette R & Sidney L Solomon Foundation (EIN: 13-3852165), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Jeannette R & Sidney L Solomon Foundation is a 501(c)(3) nonprofit headquartered in NEW YORK, NY, founded in 1995. The organization has held tax-exempt status since 1996. In its 2023 filing, the organization reported $0 in total revenue, and $70K in total expenses. WILLIAM D SAMERS, TRUSTEE, is the highest-compensated individual at $390,528. The organization runs 1 program, totaling $70K in program expenses. 5 of 6 recommended governance policies are in place.
The Jeannette R & Sidney L Solomon Foundation is classified under NTEE code T30J. Its foundation type is 17.
Programs(Tax Year 2023)
1 record
The Jeannette R & Sidney L Solomon Foundation operates 1 program, with total program expenses of $70K. The Jeannette R & Sidney L Solomon Foundation's largest program accounts for 100% of total program spending.
GRANTS ARE MADE TO UJA-FEDERATION OF NEW YORK AND OTHER TAX EXEMPT ORGANIZATIONS IN FURTHERANCE OF UJA-FEDERATION OF NEW YORK'S CHARITABLE PURPOSES.
Financial Overview(Tax Years 2020–2023)
4 records
Over the past 4 years, The Jeannette R & Sidney L Solomon Foundation's revenue has declined from $95K to $0, a 100.0% decrease. Program expenses represent 100% of total spending.
Expenses declined 19.3%.
The Jeannette R & Sidney L Solomon Foundation allocates 100% to programs, 0% to management and general.
The Jeannette R & Sidney L Solomon Foundation distributed $70K in grants to other organizations and individuals, representing 100% of total expenses.
Over 4 filings from 2020–2023, The Jeannette R & Sidney L Solomon Foundation declined revenue from $95K to $0 (-100.0%) while maintaining a program expense ratio of 100%.
The Jeannette R & Sidney L Solomon Foundation holds $901K in total assets against $70K in liabilities (debt-to-asset ratio of 8%). The organization has 142.3 months of operating reserves. Cash and equivalents of $314 cover approximately 0.1 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $0 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 | $0 |
| 2021 | $62K | $0 | $0 | $0 | $62K |
| 2020 | $95K | $0 | $0 | $0 | $95K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $70K | $70K | $100 | $0 | $70K |
| 2022 | $87K | $87K | $100 | $0 | $87K |
| 2021 | $116K | $112K | $4K | $0 | $112K |
| 2020 | $113K | $106K | $7K | $0 | $106K |
Program Expense Ratio
99.9%
Admin Expense Ratio
0.1%
Fundraising Efficiency
—
Operating Reserve
142.3 mo
People & Compensation(Tax Year 2023)
9 records
The Jeannette R & Sidney L Solomon Foundation reported compensation for 9 officers and key employees. Total officer compensation was $988K, representing 1408.8% of total expenses.
The Jeannette R & Sidney L Solomon Foundation's highest-compensated individual received $391K in total compensation. Total officer compensation of $988K represents 1408.8% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| WILLIAM D SAMERS | TRUSTEE | Director | 1.00 | $0 | $321,484 | $390,528 |
| STANLEY BAUMBLATT | SECRETARY/TREASURER/TRUSTE | OfficerDirector | 1.00 | $0 | $193,560 | $240,020 |
| JAMIE KAMP | TRUSTEE | Director | 1.00 | $0 | $175,059 | $230,342 |
| ELISE HAHN-RUBIN | TRUSTEE | Director | 1.00 | $0 | $102,487 | $126,703 |
| RICHARD H SOLOMON | PRESIDENT/TRUSTEE | OfficerDirector | — | $0 | $0 | $0 |
| SUSAN SOLOMON | TRUSTEE | Director | — | $0 | $0 | $0 |
| ESTHER-ANN ASCH | TRUSTEE | Director | — | $0 | $0 | $0 |
| ANN SOLOMON | TRUSTEE | Director | — | $0 | $0 | $0 |
| PETER JAY SOLOMON | TRUSTEE | Director | — | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
STANLEY BAUMBLATT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JAMIE KAMP
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
WILLIAM D SAMERS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
The Jeannette R & Sidney L Solomon Foundation has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 9 members, 5 of whom are independent.
The Jeannette R & Sidney L Solomon Foundation's financial statements are audited, an audit committee oversees the process.
The Jeannette R & Sidney L Solomon Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
1 record
The Jeannette R & Sidney L Solomon Foundation awarded $70K across 1 grant to organizations. Top recipients include UJA-FEDERATION OF NEW YORK (NEW YORK, NY) — $70K for grant to supported organization.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| UJA-FEDERATION OF NEW YORK510172429 | NEW YORK, NY | $70K | GRANT TO SUPPORTED ORGANIZATION |
Filing History(Tax Years 1996–2023)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $0 | $70K | $831K |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $0 | $87K | $834K |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $62K | $116K | $855K |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $95K | $113K | $1.1M |
| 1996–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Jeannette R & Sidney L Solomon Foundation do?
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
How much revenue does The Jeannette R & Sidney L Solomon Foundation have?
The Jeannette R & Sidney L Solomon Foundation reported $0 in total revenue for tax year 2023.
Who is the highest-paid executive at The Jeannette R & Sidney L Solomon Foundation?
WILLIAM D SAMERS, TRUSTEE, received $390,528 in total compensation as of tax year 2023.
Is The Jeannette R & Sidney L Solomon Foundation a 501(c)(3)?
Yes, The Jeannette R & Sidney L Solomon Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Jeannette R & Sidney L Solomon Foundation located?
The Jeannette R & Sidney L Solomon Foundation is headquartered in NEW YORK, NY 100221302.
Is The Jeannette R & Sidney L Solomon Foundation audited?
Yes, The Jeannette R & Sidney L Solomon Foundation's financial statements are audited, and the organization has an audit committee.
Does The Jeannette R & Sidney L Solomon Foundation give grants?
Yes, The Jeannette R & Sidney L Solomon Foundation distributed $70,000 in grants to other organizations and individuals in tax year 2023. Top recipients include UJA-FEDERATION OF NEW YORK.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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