BETA

SOL FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SOL FOUNDATION (EIN 56-2113226)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-16
IRS object ID
202211369349104411
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T13:38:46-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561037874PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STOUT STUART MCGOWEN & KING LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1440AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationNCStateAbbreviationCd
ZIP272161440ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562113226EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSOLFBusinessNameControlTxt
Phone3362738544PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 N GREENE STREET SUITE 1750AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKENNETH D MILLERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3362738544PhoneNum
Signature2022-05-12SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKENNETH DPersonFirstNm
Person LastMILLERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPATRICIA B RHODESPreparerPersonNm
PTINP00018002PTIN
Phone3362267343PhoneNum
Preparation2022-05-16PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$649,257FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$9,325DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,325DividendsNetInvstIncmAmt
Dividends Adj Net Incm$9,325DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$171,860NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$691,288GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$171,860CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$19,038NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$181,185TotalRevAndExpnssAmt
Total Net Invst Incm$181,185TotalNetInvstIncmAmt
Total Adj Net Incm$28,363TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$3,995OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,306OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$689OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$120TaxesRevAndExpnssAmt
Taxes Net Invst Incm$120TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,115TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,426TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$689TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$29,115TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,426TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,689TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$152,070ExcessRevenueOverExpensesAmt
Net Investment Income$177,759NetInvestmentIncomeAmt
Adjusted Net Income$28,363AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$120,583CashBOYAmt
Cash EOY$649,257CashEOYAmt
Cash EOYFMV$649,257CashEOYFMVAmt
Corporate Stock BOY$321,604CorporateStockBOYAmt
Corporate Bonds BOY$55,000CorporateBondsBOYAmt
Total Assets BOY$497,187TotalAssetsBOYAmt
Total Assets EOY$649,257TotalAssetsEOYAmt
Total Assets EOYFMV$649,257TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Additional Paid In Capital BOY$825,441AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$825,441AdditionalPaidInCapitalEOYAmt
Retained Earning BOY-$328,254RetainedEarningBOYAmt
Retained Earning EOY-$176,184RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$497,187TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$649,257TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$497,187TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$649,257TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$497,187TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$152,070ExcessRevenueOverExpensesAmt
Subtotal$649,257SubtotalAmt
Tot Net Ast Or Fund Balances EOY$649,257TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
EXHIBIT A, PG 15 ST GAINP$197,192$178,232$18,960$18,960
EXHIBIT B, PG 27 LT GAINP$494,018$341,196$152,822$152,822
CLASS ACTION SETTLEMENT/TAX REFUNDSP$78$78$78
FieldValueIRS element (for citing)
Capital Gain Net Income$171,860CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$19,038NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,471InvestmentIncomeExciseTaxAmt
Subtotal$2,471SubtotalAmt
Tax Based On Investment Income$2,471TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$23EsPenaltyAmt
Tax Due$2,494TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKENNETH D MILLERIndividualWithBooksNm
Phone3362738544PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1300 N GREENE STREET SUITE 1750AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27401ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KENNETH D MILLER
300 N GREENE STREET SUITE 1750GREENSBORONC27401PRESIDENT000.00$0$0$0
ROBERT L BEAN
300 N GREENE STREET SUITE 1750GREENSBORONC27401SECRETARY000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$406,224AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$187,164AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$593,388TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$593,388AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,901CashDeemedCharitableAmt
Net Vl Noncharitable Assets$584,487NetVlNoncharitableAssetsAmt
Minimum Investment Return$29,224MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$29,224MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,471TaxBasedOnInvestmentIncomeAmt
Total Tax$2,471TotalTaxAmt
Distributable Before Adj$26,753DistributableBeforeAdjAmt
Distributable Before Ded$26,753DistributableBeforeDedAmt
Distributable As Adjusted$26,753DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,689ExpensesAndContributionsAmt
Qualifying Distributions$25,689QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$26,753DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$16,625ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$50,927ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$33,022ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$30,703ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$18,865ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$150,142TotalExcessDistributionCyovAmt
Qualifying Distributions$25,689QualifyingDistributionsAmt
Applied To Current Year$25,689AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$1,064ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,064ExcessDistributionCyovAppCYAmt
Total Corpus$149,078TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$15,561ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$133,517ExcessDistriCyovToNextYrAmt
Excess From Year4$50,927ExcessFromYear4Amt
Excess From Year3$33,022ExcessFromYear3Amt
Excess From Year2$30,703ExcessFromYear2Amt
Excess From Year1$18,865ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKENNETH D MILLERContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CITIBANK FFC 1511-3006
DONOR ADVISED FUND BOULTON K MILLER300 N GREENE STREETGREENSBORONC27401GIFT$5,000
CITIBANK FFC 9299-3157
DONOR ADVISED FUND WALKER B MILLER300 N GREENE STREETGREENSBORONC27401GIFT$5,000
CITIBANK FFC 1939-9717
DONOR ADVISED FUND LAUREN O MILLER300 N GREENE STREETGREENSBORONC27401GIFT$5,000
CITIBANK FFC 8464-4344
DONOR ADVISED FUND DAVID M MILLER300 N GREENE STREETGREENSBORONC27401GIFT$5,000
CITIBANK FFC 7287-9389
DONOR ADVISED FUND WARREN W MILLER300 N GREENE STREETGREENSBORONC27401GIFT$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,325ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$18,960ExclusionAmt
Related Or Exempt Function Incm$152,900RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$28,285ExclusionAmt
Related Or Exempt Function Incm$152,900RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$181,185TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondINVESTMENT GRADE BONDSBondNm

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIESStockNm

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEESCategoryTxt
Amt$3,995Amt
Net Investment Income$3,306NetInvestmentIncomeAmt
Disbursements Charitable Prps$689DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN INCOME TAXES PAIDCategoryTxt
Amt$120Amt
Net Investment Income$120NetInvestmentIncomeAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.