Sol Nation INC EIN 82-2997095 Form 990 (PDF) Claim this org

Sol Nation INC

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Empowering communities to own and implement local climate justice solutions for social and environmental well-being. For fiscal year 2024 it reported $471K in revenue, $403K in expenses, and $720K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Charlotte, NC
Website
www.solnation.org
Filings
4 on file (2021–2024)
Revenue
$471KFY2024
Expenses
$403K
Net assets
$720K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  82-2997095 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering communities to own and implement local climate justice solutions for social and environmental well-being.
Leadership
Tiffany Fant · Executive Director · $104K
Money in and out
$471K revenue, $403K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$471K
Pt VIII · Ln 12
Total expenses
$403K
Pt IX · Ln 25
Net assets
$720K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $68K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program efficiency
78%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
21.4mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+14%
revenue over expenses, this year▼ -63% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$471K
FY2024▼ -43%
Expenses
$403K
FY2024▼ -19%
Total assets
$720K
FY2024▲ +2%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$471K
Pt VIII · Ln 12
Total expenses
$403K
Pt IX · Ln 25
Net assets
$720K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$720K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSol Nation INC
EINHdr · item D82-2997095
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jwww.solnation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C60)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$103,833Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tiffany Fant’s $104K as Executive Director is at the 82nd percentile of top reported officer pay among 1989 $100K–1M environment 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 · 1 named individual · Part VII

NameFY2024FY2023
Tiffany Fant$103,833$166,927

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

3 program services account for $315K of program spending, described in the organization's own filed words · FY2024.
01

Environmental Justice Is

Sol Nations flagship initiative to tell stories of issues, resilence, and solutions to connect the environmental and social justice movements. The organization produced 3 Sol Studies and one mini documentary on Black Womens Health and Transporation Equity. They hosted a collaborative statewide convening on transportation.

$189Kprogram expense
02

Green Gap

This program is focused on addressing the Green Gap which is defined as the disparity between BIPOC communities desire for sustainable communities and their access to the necessary resources and power.

$94Kprogram expense
03

Sol Tech Academy

The Sol Tech Academy Initiative is a program aimed at introducing technology to individuals from historically marginalized communities, with a focus on climate justice.

$31Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$457K · 97%
Investment income$14K · 3%
Contributions & grants97%$457K
Investment income3%$14K
Total revenueLn 12$471K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program services78%$315K
Management & general16%$64K
Fundraising6%$24K
Total functional expensesLn 25$403K

Balance Sheet

Part X · end of year
CashLn 1$720K
Total assetsLn 16$720K
Total liabilitiesLn 26$0
Total net assetsLn 32$720K
Months of cash on handcomputed21.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $720K · Operating expenses/yr $403K
21.4 months
Where the money goes
Program services
Program services $315K · Total expenses $403K
78%
Management & General
Management & general $64K · Total expenses $403K
16%
Fundraising
Fundraising $24K · Total expenses $403K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $587K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $457K · Total revenue $471K
97%
Government reliance
Government grants — · Total revenue $471K
Earned-income share
Program service revenue $0 · Total revenue $471K
0%
Investment reliance
Investment income $14K · Total revenue $471K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $403K
0%
Growth & trend
Revenue growth (YoY)
This year $471K · Prior year $822K
-43%
Net-asset trend (YoY)
End of year $720K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $471K · Expenses $403K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $720K
Net-asset ratio
Net assets $720K · Total assets $720K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $720K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tiffany Fant · Reported title Executive Director · Highest reported compensation $104K · Total expenses $403K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $107K · Total expenses $403K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 16%
Fundraising cost ratio 5%
Revenue growth -43%
Accounting fee ratio 6%

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
Windward FundFY2024$25K
Total grants receivedfrom 6 funders$391K
See all 6 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
FY2024 (Latest)$471K revenue · viewing · ⤓ 990 PDF
FY2023$822K revenue · ⤓ 990 PDF
FY2022$483K revenue · ⤓ 990 PDF
FY2021$201K revenue · ⤓ 990 PDF

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Sources

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