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The Solo Foundation Inc
New York, NY · EIN 112547289 · Form 990EZ · FY2023 · Small ($100K-$1M)
revenue
$155K
expenses
$160K
net assets
$147K
employees
—
program ratio
99%
mission · from form 990

To encourage and promote public interest in the visual and performing arts

profile · synthesized from sources

The Solo Foundation Inc supports the visual and performing arts and funds initiatives addressing community needs in New York City. It fiscally sponsors projects such as NYC NIGHTLIFE UNITED, which provides grants to music venue owners and individuals affected by the pandemic, and previously supported FIRST TECH FUND, which delivered technology resources to underprivileged high school students. The organization operates primarily through grantmaking and fiscal sponsorship.

irs program accomplishments · form 990 part iii · fy2020

What they reported doing

  1. #1 primary $65K
    Responding to the Covid Crisis, We Founded and fiscally sponsored NYC NIGHTLIFE UNITED paying out grants to individuals and venue owners of Music Venues in Brooklyn, NY that suffered directly from the Quarantine.
  2. #2 $22K
    We helped to found and we fiscally sponored, FIRST TECH FUND, raising contributions to provide internet access and computer equipment to underpriveleged high school students in New York City. The organization received its own tax exemption during the year and is now independent.
named programs · 2 · from sources

What they call their work

FIRST TECH FUND
Initiative to provide internet access and computer equipment to underprivileged high school students in New York City; now independent
NYC NIGHTLIFE UNITED
Fiscally sponsored initiative providing grants to individuals and music venue owners in Brooklyn, NY affected by pandemic-related quarantines
activities · 2 groups

What they do

  • Community Foundation & United Way Support 1 activity
    • Funding grants distribution to pandemic-affected music venue individuals and owners in Brooklyn, NY
      The organization funds the distribution of grants to individuals and venue owners of music venues in Brooklyn, NY that were affected by pandemic-related quarantine through its fiscal sponsorship of NYC NIGHTLIFE UNITED.
  • Digital Literacy Training and Technology Access 1 activity
    • Funding provision of internet access and computer equipment to underprivileged high school students in NYC
      The organization supports the provision of internet access and computer equipment to underprivileged high school students in New York City through its fiscal sponsorship of FIRST TECH FUND.
financials · form 990EZ · fy2023
revenue
Total revenue$155K
Contributions & grants$140K90%
Program service revenue$16K10%
Investment income$00%
Other revenue—
expenses
Total expenses$160K
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits—
Grants paid out$142K
Largest expense lineProfessional Fees
balance sheet
Total assets$154K
Cash$56K
Investments$96K
Liabilities$31K
Net assets$147K
Liquid reserves11.4 mo
3 years on record · 2020–2023 · YoY revenue +85.0%
relationships · 2

Who they work with

  • FIRST TECH FUND Partner — Fiscally sponsored organization providing internet access and computer equipment to underprivileged high school students in New York City.
  • NYC NIGHTLIFE UNITED Partner — Fiscally sponsored initiative distributing grants to music venue operators and individuals in Brooklyn affected by pandemic closures.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.