Sol Treasures FY2021 filing

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EIN 26-1764855 Public charity (501(c)(3)) King City, CA NTEE A99
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$313K
FY2021▲ +20%
Expenses
$377K
FY2021▲ +61%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Offers art classes and performance opportunities, showcasing local artists' diverse creations. For fiscal year 2021 it reported $313K in revenue, $377K in expenses, and $254K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
King City, CA
Website
www.soltreasures.com
Filings
6 on file (2020–2021)
Revenue
$313KFY2021
Expenses
$377K
Net assets
$254K
People
13
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Provided by the organization

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Size
$100K–1M
What they do
Offers art classes and performance opportunities, showcasing local artists' diverse creations.
Leadership
Jeff Hinderscheid · Executive Dir. · $74K
Money in and out
$313K revenue, $377K expenses
Bottom line
70% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

4 funders, incl. Monterey Peninsula Foundation

4 distinct foundation funder(s) on file, $64K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

70% to programs

70% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +20% vs prior year

Revenue band $100K–1M, +20% versus the prior filing year (up). See detail →

Where the money goes · FY2021
Total revenue
$313K
Pt VIII · Ln 12
Total expenses
$377K
Pt IX · Ln 25
Net assets
$254K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$64K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.20 Fundraising $0.09
Program efficiency
70%
of spending reaches programs
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-21%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$609K
FY2021▲ +87%
Total liabilities
$355K
FY2021▲ ×54
Revenue less expensesPt I · Ln 19−$64K
Total assetsPt X · Ln 16$609K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSol Treasures
EINHdr · item D26-1764855
Principal addressHdr · item CKing City, CA
WebsiteHdr · item Jwww.soltreasures.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A99)
Ruling yearIRS BMFNov 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$73,517Pt VII · Sec A
Executive Dir.
$12,500Pt VII · Sec A
$3,256Pt VII · Sec A
Director
$3,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A

Maria Turner’s $49K as Executive Director (3/25-10/25) is at the 43rd percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Hinderscheid$17,333$83,334$76,667$82,000$73,517$2,225
Elizabeth Oltmann————$12,500$54,875
Maria Turner$49,476—————
Sonia Chapa$3,483$1,858$10,903———
Jamie Jones$1,000$2,900—$5,450$3,000$4,248
Tj Plew$4,220—————
Hermie Robles————$3,256$700
Elizabeth Calderon-Lavelle———$2,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $265K of program spending, described in the organization's own filed words · FY2021.
01

Sol treasures is an art and cultural enrichment center. Sol treasures provides rural residents exposure to art exhibited in an easily accessible location. Local artists are featured and classes are offered to the public as well as to local school children.

$265Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$195K · 62%
Program service revenue$116K · 37%
Other revenue$2K · 1%
Contributions & grants62%$195K
Program service revenue37%$116K
Other revenue1%$2K
— government grantsLn 1e$15K
Total revenueLn 12$313K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.20 Fundraising $0.09
Program services70%$265K
Management & general20%$77K
Fundraising9%$36K
Total functional expensesLn 25$377K

Balance Sheet

Part X · end of year
CashLn 1$153K
Total assetsLn 16$609K
Total liabilitiesLn 26$355K
Total net assetsLn 32$254K
Months of cash on handcomputed4.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $153K · Operating expenses (Pt IX) $377K · Less non-cash grants $30K · Cash operating expenses/yr $348K
5.3 months
Where the money goes
Program services
Program services $265K · Total expenses $377K
70%
Management & General
Management & general $77K · Total expenses $377K
20%
Fundraising
Fundraising $36K · Total expenses $377K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $28K · Solicited contributions (2-yr avg) $188K
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $195K · Total revenue $313K
62%
Government reliance
Government grants $15K · Total revenue $313K
5%
Earned-income share
Program service revenue $116K · Total revenue $313K
37%
Investment reliance
Investment income $0 · Total revenue $313K
0%
Program self-sufficiency
Program service revenue $116K · Total expenses $377K
31%
Growth & trend
Revenue growth (YoY)
This year $313K · Prior year $261K
+20%
Net-asset trend (YoY)
End of year $254K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $313K · Expenses $377K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $609K
—
Net-asset ratio
Net assets $254K · Total assets $609K
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $609K
0%
People & payroll
Highest Reported Total Compensation
Individual Jeff Hinderscheid · Reported title Executive Dir. · Highest reported compensation $74K · Total expenses $377K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $217K · Total expenses $377K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 20%——
Fundraising cost ratio 18%——
Revenue growth 20%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.6%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$357K revenue · ⤓ 990 PDF
FY2024$344K revenue · ⤓ 990 PDF
FY2023$372K revenue · ⤓ 990 PDF
FY2022$791K revenue · ⤓ 990 PDF
FY2021$313K revenue · viewing · ⤓ 990 PDF
FY2020$261K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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