Public Charity

THE SOLA FOUNDATION

Based in LOS ANGELES, CA, THE SOLA FOUNDATION operates as a Public Charity. The organization reported $3.5M in revenue, $4.2M in expenses, $7.7M in total assets for fiscal year 2024. Imperigo tracks 48 reported grant relationships connected to this organization totaling approximately $3.4M.

EIN: 824698211 LOS ANGELES, CA Youth Development Programs NTEE: O50 Latest filing: 2024
Total Revenue$3.5M
Total Expenses$4.2M
Total Assets$7.7M
Grant Records48
Funding Total$3.4M
Filing Years2019–2024

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.

Where $100 goes at The Sola Foundation

How The Sola Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$77 Programs the work itself
$20 Management running the organization
$3 Fundraising raising the next dollar

Inside the $77 for programs

$42
Technology & entrepreneurship center (tec)
54% of program spending
$20
Sola scholars
26% of program spending
$15
Community engagement/pathways to ownership
20% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
YOUTH DEVELOPMENT
$333,688
2024
For grant recipient's exempt purposes
$332,500
2024
IN SUPPORT OF PROGRAMS IN FURTHERANCE OF NBA FOUNDATION'S MISSION
$200,000
2024
Operating Support/Annual Fund
$100,000
$78,396

Showing up to 5 of 48 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Daniel Rosove
TREASURER/CONTROLLER Dan Stillwell
BOARD MEMBER Jade Iovine
BOARD MEMBER James Fauntelroy
BOARD MEMBER Kianna Scott
BOARD MEMBER Kristen Jeffers

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,240,154 25 grants
Youth Development
$348,688 3 grants
Education
$307,500 2 grants
Economic Development
$185,000 3 grants
Human & Social Services
$168,750 6 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.5M $4.2M $7.7M
2023 $7.2M $2.7M $8.2M
2022 $2.3M $2.1M $2.2M
2020 $2.9M $304K $2.8M
2019 $294K $101K $196K

Between 2019 and 2024, reported annual revenue grew from $294K to $3.5M (+1081%), with total assets most recently reported at $7.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE SOLA FOUNDATION

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