Samuel and Solomon Charities INC

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The purpose of Samuel and Solomon Charities, INC. Is as follows: the charitable goal of Samuel and Solomon Charities, INC. (the "organization") is to provide financial and educational assistance to the very poor and distressed members of society in the form of contributions or grants to charitable organizations (defined below) for the purpose of helping people better themselves, their families, and their community. The organization will primarily focus on assisting the most vulnerable of logan county, kentucky and surrounding areas, with an emphasis on providing relief to children, the elderly, and those suffering from drug addiction. Logan county is a rural area located in southern kentucky. As is common for many rural communities in the united states, logan county and the surrounding areas face widespread drug abuse related to the opioid crisis in this country. This drug addiction epidemic has had a significant impact on the community, burdening thousands of individuals, families, bu

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $612K a year · 91% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
11 mo
of spending, in cash
Plus $2.1M in investments, Pt X · Ln 11–13
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$131K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$13K
To programs
100%
Net assets
$2.2M
By yearFY2020–FY2023
Revenue
$0
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2020$100K
FY2021$2.0M
FY2022$0
FY2023$0
Expenses
$13K
FY2023▼ -75%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$108K
FY2022$51K
FY2023$13K
Net assets
$2.2M
FY2023▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$351K
FY2021$2.3M
FY2022$2.2M
FY2023$2.2M

From the FY2023 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Sep 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $13K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Pre
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/Sec
$0Pt VII · Sec A
See Samuel and Solomon Charities INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial and educational aid to the poor, distressed, and vulnerable in Logan County, Kentucky.

Questions for Samuel and Solomon Charities INC

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3 programs · $13K · in their own filed words · FY2023
01

The organization will make grants to charitable organizations that help children and families in logan county and surrounding areas cope with a variety of challenges. These charitable organizations provide (I) counseling and emotional support services to families and children, (ii) academic enrichment programs, and (iii) other services…

$10Kprogram expense
02

The charitable goal of samuel and solomon charities, inc. (the "organization") is to provide financial and educational assistance to the very poor and distressed members of society in the form of contributions or grants to charitable organizations (defined below) for the purpose of helping people better themselves, their families, and…

$3Kprogram expense
03

Providing relief of the poor and distressed, lessening the burdens of government, and promoting social welfare by lessening neighborhood tensions and combating community deterioration and juvenile delinquency

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$2.0M
Grants paid · 8 grants · $130K · 2021–2023
Fathers of MercyFY2023$7,103
City of AdairvilleFY2022$20,000
Fathers of MercyFY2022$10,000
Individual RecipientFY2021$31,000
Adairville SchoolFY2021$25,000
City of AdairvilleFY2021$17,200
Individual RecipientFY2021$10,000
Fathers of MercyFY2021$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$13K
Ln 25
Programscol B$13K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$2.3M
LiabilitiesLn 26$131K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Prepaid expenses and deferred chargesLn 9$8K
Land, buildings, equipmentLn 10c$162K
InvestmentsLn 11–13$2.1M
Total assetsLn 16$2.3M
LiabilitiesLn 26$131K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$51K$11K
InvestmentsLn 11–13$2.1M$2.1M
Land, buildings, equipmentLn 10c$3K$162K
Total assetsLn 16$2.2M$2.3M
LiabilitiesLn 26$0$131K
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Other fees for servicesLn 11g$20$20
Office expensesLn 13$3K$3K
Total functional expensesLn 25$13K$13K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS May 1, 2025 $0$13K−$13K$2.2M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $0$51K−$51K$2.2M 990 PDF
FY2021Filed with the IRS Feb 15, 2023 $2.0M$108K$1.9M$2.3M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $100K$351K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$0
I-13 Grants and similar amounts paidPrior year $32,000$9,603
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,790$3,039
I-18 Total expensesPrior year $50,790$12,642
I-19 Revenue less expensesPrior year −$50,790−$12,642
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $12,642 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $9,603$9,603
IX-11g Other fees for servicesPrograms $20$20
IX-13 Office expensesPrograms $3,019$3,019
IX-25 Total functional expensesPrograms $12,642 · Management $0 · Fundraising $0$12,642
Part X · Balance sheet $2,319,667 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $51,135$11,393
X-9 Prepaid expenses and deferred chargesStart of year $8,151$8,151
X-10c Land, buildings and equipment, netStart of year $3,325$161,800
X-11 Publicly traded securitiesStart of year $13,235$13,235
X-12 Other securitiesStart of year $2,125,088$2,125,088
X-16 Total assetsStart of year $2,200,934$2,319,667
X-25 Other liabilities$131,375
X-26 Total liabilitiesStart of year $0$131,375
X-27 Net assets without donor restrictionsStart of year $2,200,934$2,188,292
X-32 Total net assets or fund balancesStart of year $2,200,934$2,188,292
X-33 Total liabilities and net assetsStart of year $2,200,934$2,319,667
Part XI · Reconciliation of net assets $2,188,292 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$12,642
XI-3 Revenue less expenses−$12,642
XI-4 Net assets at start of year$2,200,934
XI-10 Net assets at end of year$2,188,292

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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