Solimine Charitable Corporation

Tax-deductible

Lynn, MA501(c)(3)Foundations & GrantmakersEIN 20-0478181Revenue $4.0M in FY2025

On file with the IRS426 Broadway, 01904-2644 · Lynn, MATax-exempt since Feb 2004Private non-operating foundation

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To assist veterans, youths, schools and handicapped individuals and programs in the greater lynn area.

501(c)(3) charity; gifts are tax-deductible.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.7M a year · 92% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
266 mo
of spending, in cash
Looks good: 266.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
-23% vs prior year
Spent
$762K
Net assets
$18.0M
By yearFY2020–FY2025
Revenue
$4.0M
FY2025▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$340K
FY2022$38K
FY2023$6.5M
FY2024$5.2M
FY2025$4.0M
Expenses
$762K
FY2025▲ +335%
Tap a bar for its year
Expenses by fiscal year
FY2020$83K
FY2021$66K
FY2022$74K
FY2023$144K
FY2024$175K
FY2025$762K
Net assets
$18.0M
FY2025▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.4M
FY2023$9.8M
FY2024$14.8M
FY2025$18.0M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 97% · $739K Operating & administrative 3% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Solimine Charitable Corporation executive salaries →

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Programs and updates

Helps veterans, youth, schools, and disabled individuals and programs in the Lynn area.

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Provided by the organization

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2 programs · $73K · in their own filed words · FY2022
01

To provide grants to local area 501(c)(3) charities

$66Kprogram expense
02

To assist veterans, youths, schools and handicapped individuals and programs in the greater lynn area.

$7Kprogram expense

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 27 grants · $739K · 2025–2025
Boys & Girls Club of LynnMA · FY2025$265,000
The Greg HouseFY2025$100,000
United Way of Mass BayFY2025$30,000
Leo INCMA · FY2025$30,000
Multiple Less Than 3000 EachFY2025$29,326
New American Assoc of MaFY2025$20,000
American Cancer SocietyFY2025$20,000
Element Care INCMA · FY2025$12,500
Individual RecipientFY2025$10,500
2 Life CommunitiesFY2025$10,000
Salvation ArmyFY2025$10,000
Lynn Shelter Association INCMA · FY2025$10,000
19 IndividualsFY2025$9,284
BridgewellFY2025$8,000
The Haven ProjectFY2025$6,000
See all 27 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV9
Average grantPart XV$27K
Median grantPart XV$10K
Largest grantPart XV$265K
Top cause focusNTEEHuman Services (11%)

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$4.0M
Other income$3.7M
Investment income$287K
Gifts and grants$22K
Money out
$762K
Grants paid$739K
Running costs$22K
Owns and owes
$18.0M
net assets
Cash and savings$16.9M
Total assets$18.0M
Liabilities$0
People
5
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$22K
Investment income$287K
Other income$3.7M
Total revenue$4.0M
Assets in detailEnd of year
Cash and savings together$16.9M
Total assets$18.0M
Liabilities$0
Net assets$18.0M
Operations
Employees0
Volunteers4
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.0M$762K$3.3M$18.0M 990 PDF
FY2024 $5.2M$175K$5.0M$14.8M 990 PDF
FY2023 $6.5M$144K$6.3M$9.8M 990 PDF
FY2022 $38K$74K−$36K$3.4M 990 PDF
FY2021 $340K$66K$274K$3.5M 990 PDF
FY2020 $1.1M$83K$1.1M$3.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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