Solti Foundation EIN 30-0004328

Solti Foundation

Not yet claimed Claim this org →

Awards talented young American musicians starting their professional careers. For fiscal year 2024 it reported $269K in revenue, $258K in expenses, and $790K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Chicago, IL
Website
www.soltifoundation.us
Filings
5 on file (2020–2024)
Revenue
$269KFY2024
Expenses
$258K
Net assets
$790K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  30-0004328 Public foundation / grantmaker Chicago, IL
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Solti Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Awards talented young American musicians starting their professional careers.
Leadership
See Attached List · Directors
Money in and out
$269K revenue, $258K expenses
Bottom line
64% program efficiency
Grants paid & assets · FY2024
Total revenue
$269K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$790K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36 Fundraising $0.00
Program efficiency
64%
of spending reaches programs▼ -21% vs prior filing year
Operating runway
36.0mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -55% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$269K
FY2024▼ -7%
Expenses
$258K
FY2024▼ -2%
Total assets
$794K
FY2024▼ -3%
Total liabilities
$5K
FY2024▼ -64%
Total revenue
$269K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$790K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$794K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421
Mission & Programs · Part III

Where the work happens

2 program services account for $165K of program spending, described in the organization's own filed words · FY2024.
01

The recipients of the 2024 Career Assistance Awards certainly are a group to watch. This years applicants have diverse interests and backgrounds, a wide age range from 24 to 36, and work throughout the United States and abroad.

$165Kprogram expense
02

About The Solti Foundation U.SNow in its 24th year working with outstanding young U.S. conductors to further develop their talent and careers, The Solti Foundation U.S. is the foremost organization in the United States dedicated exclusively to helping young conductors.

Pt IX · col B

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSolti Foundation
EINHdr · item D30-0004328
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.soltifoundation.us
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJul 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
See Solti Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$161K · 60%
Investment income$108K · 40%
Contributions & grants60%$161K
Investment income40%$108K
Total revenueLn 12$269K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36 Fundraising $0.00
Program services64%$165K
Management & general36%$92K
Fundraising$551
Total functional expensesLn 25$258K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$794K
Total liabilitiesLn 26$5K
Total net assetsLn 32$790K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $772K · Operating expenses/yr $258K
36.0 months
Where the money goes
Program services
Program services $165K · Total expenses $258K
64%
Management & General
Management & general $92K · Total expenses $258K
36%
Fundraising
Fundraising $551 · Total expenses $258K
0.2%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $148K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $161K · Total revenue $269K
60%
Government reliance
Government grants — · Total revenue $269K
Earned-income share
Program service revenue $0 · Total revenue $269K
0%
Investment reliance
Investment income $108K · Total revenue $269K
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $258K
0%
Growth & trend
Revenue growth (YoY)
This year $269K · Prior year $288K
-7%
Revenue CAGR
FY2020 $220K · FY2024 $269K
+5%
Net-asset trend (YoY)
End of year $790K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $269K · Expenses $258K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $794K
Net-asset ratio
Net assets $790K · Total assets $794K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $772K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $794K
97%
People & payroll
Highest Reported Total Compensation
Individual See Attached List · Reported title Directors · Highest reported compensation $0 · Total expenses $258K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $48K · Total expenses $258K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Fundraising cost ratio 0.3%
Revenue growth -7%
Investment management fee ratio 0.7%
Legal fee ratio 0%
Accounting fee ratio 2%
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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$800
Grants paid · 5 grants · $702K · 2020–2024
Unitemized GrantFY2024$125,000
Unitemized GrantFY2023$135,000
Unitemized GrantFY2022$148,000
Unitemized GrantFY2021$130,000
Unitemized GrantFY2020$164,000

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$269K revenue · viewing · ⤓ 990 PDF
FY2023$288K revenue · ⤓ 990 PDF
FY2022$32K revenue · ⤓ 990 PDF
FY2021$323K revenue · ⤓ 990 PDF
FY2020$220K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.