Solon E Summerfield Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Solon E Summerfield Foundation Inc is a 501(c)(3) organization based in Bethesda, Maryland, registered in 1942, with $5,228,175 in FY2023 revenue. CharityIndex grades it D.
4801 Hampden Ln Apt 106, Bethesda, MD, 20814 EIN 13-1797260 Since 1942
Revenue (FY2023)
$5.2M
▲ 677.5% vs prior year
Expenses (FY2023)
$9.6M
Net assets
$31.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Solon E Summerfield Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating39 mo reserves · -84% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Solon E Summerfield Foundation Inc: 39 mo reserves · -84% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Solon E Summerfield Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Solon E Summerfield Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.2M (FY2019) to $5.2M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $31.5M
Operating margin
-83.9%
Spent more than it raised in the latest fiscal year.
Total assets
$31.5M
Total liabilities
$0
Net assets
$31.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,228,175▲678% | $9,615,437▲27.7% | $31,545,609▲0.1% | $31,545,609▲0.1% | 990PF |
| 2022 | $672,398▼86.0% | $7,529,728▲14.0% | $31,529,268▼9.7% | $31,529,268▼9.7% | 990PF |
| 2021 | $4,808,109▲30.9% | $6,602,667▲16.9% | $34,900,701▲3.4% | $34,900,701▲3.4% | 990PF |
| 2020 | $3,673,657▲69.7% | $5,646,629▲25.3% | $33,743,841▲3.5% | $33,743,841▲3.5% | 990PF |
| 2019 | $2,165,138 | $4,506,619 | $32,617,276 | $32,617,276 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Solon E Summerfield Foundation Inc a legitimate nonprofit?
- Yes. Solon E Summerfield Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1797260, based in Bethesda, Maryland. Donations are tax-deductible.
- What is Solon E Summerfield Foundation Inc's EIN?
- Solon E Summerfield Foundation Inc's Employer Identification Number (EIN) is 13-1797260.
- How much revenue does Solon E Summerfield Foundation Inc report?
- Solon E Summerfield Foundation Inc reported $5,228,175 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Solon E Summerfield Foundation Inc have?
- CharityIndex grades Solon E Summerfield Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Solon E Summerfield Foundation Inc (EIN 13-1797260) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.