Solti Foundation EIN 30-0004328 Form 990 (PDF) Claim this org

Solti Foundation FY2021 filing

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Awards talented young American musicians starting their professional careers. For fiscal year 2021 it reported $323K in revenue, $205K in expenses, and $1.0M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Chicago, IL
Website
www.soltifoundation.us
Filings
5 on file (2020–2021)
Revenue
$323KFY2021
Expenses
$205K
Net assets
$1.0M
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  30-0004328 Public foundation / grantmaker Chicago, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Awards talented young American musicians starting their professional careers.
Leadership
See Attached List · Directors
Money in and out
$323K revenue, $205K expenses
Bottom line
63% program efficiency
Grants paid & assets · FY2021
Total revenue
$323K
Pt VIII · Ln 12
Total expenses
$205K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $118K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.28 Fundraising $0.09
Program efficiency
63%
of spending reaches programs
Operating runway
57.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$323K
FY2021▲ +47%
Expenses
$205K
FY2021▼ -4%
Total assets
$1.0M
FY2021▲ +13%
Total liabilities
$1K
FY2021
Total revenue
$323K
Pt VIII · Ln 12
Total expenses
$205K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$118K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

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 1a20
Independent voting membersPt VI · Ln 1b20
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
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Mission & Programs · Part III

Where the work happens

1 program service account for $130K of program spending, described in the organization's own filed words · FY2021.
01

Solti Foundation U.S. Board Chair Penny Van Horn and Elizabeth Buccheri, Artistic and Awards Committee Chair, today announced the young American conductors who have been selected as 2021 recipients of The Sir Georg Solti Career Assistance Award. The 2020-21 season has been a time of joy and sadness.

$130Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$147K · 46%
Investment income$95K · 29%
Other revenue$81K · 25%
Contributions & grants46%$147K
Investment income29%$95K
Other revenue25%$81K
Total revenueLn 12$323K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.28 Fundraising $0.09
Program services63%$130K
Management & general28%$57K
Fundraising9%$18K
Total functional expensesLn 25$205K

Balance Sheet

Part X · end of year
CashLn 1$490
Total assetsLn 16$1.0M
Total liabilitiesLn 26$1K
Total net assetsLn 32$1.0M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $979K · Operating expenses/yr $205K
57.3 months
Where the money goes
Program services
Program services $130K · Total expenses $205K
63%
Management & General
Management & general $57K · Total expenses $205K
28%
Fundraising
Fundraising $18K · Total expenses $205K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $9K · Solicited contributions (2-yr avg) $133K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $147K · Total revenue $323K
46%
Government reliance
Government grants — · Total revenue $323K
Earned-income share
Program service revenue $0 · Total revenue $323K
0%
Investment reliance
Investment income $95K · Total revenue $323K
+29%
Program self-sufficiency
Program service revenue $0 · Total expenses $205K
0%
Growth & trend
Revenue growth (YoY)
This year $323K · Prior year $220K
+47%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $323K · Expenses $205K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $978K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.0M
94%
People & payroll
Highest Reported Total Compensation
Individual See Attached List · Reported title Directors · Highest reported compensation $0 · Total expenses $205K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $29K · Total expenses $205K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 28%
Fundraising cost ratio 12%
Revenue growth 47%
Investment management fee ratio 0.5%
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

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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
FY2024 (Latest)$269K revenue · ⤓ 990 PDF
FY2023$288K revenue · ⤓ 990 PDF
FY2022$32K revenue · ⤓ 990 PDF
FY2021$323K revenue · viewing · ⤓ 990 PDF
FY2020$220K 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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