Soar Foundation for the Needy Inc

LEXINGTON, KY EIN: 82-1556178

Soar Foundation for the Needy Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, KY. IRS filing data is available from 2021 through 2024. In 2024, it awarded 11 grants totaling $51K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$51K

+169.9% YoY

Grant Count

+57.1% YoY

Avg Grant Size

$5K

+71.8% YoY

About Soar Foundation for the Needy Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $76K (69%)

Tennessee $11K (10%)

Florida $10K (9%)

New York $7K (6%)

Illinois $3K (3%)

Maryland $3K (3%)

States

Florida Illinois Kentucky Maryland New York Tennessee

Cities

BaltimoreChicagoJacksonvilleLexingtonMartinMemphisStaten Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$26,329	$29,439
Revenue	$25,004	$16,005	$8
Expenses	$51,333	$19,115	$29,521
Qualifying Distributions	$51,286	$19,000	$29,500
Net Investment Income	—	$5	$8
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include God's Pantry Food Bank ($17,000), Catholic Action Center ($6,000), Wounded Warrior Project ($5,000).

Recipient	Purpose	Amount
GOD'S PANTRY FOOD BANK LEXINGTON, KY	PROVIDING FOOD TO HELP SUPPORT NEEDY	$17,000
CATHOLIC ACTION CENTER LEXINGTON, KY	TO HELP SUPPORT THE NEEDY	$6,000
WOUNDED WARRIOR PROJECT JACKSONVILLE, FL	PROVIDING ASSISTANCE TO NEEDY VETS	$5,000
TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY	PROVIDING SUPPORT TO VETS & 1ST RESP	$5,000
ALSAC FOR ST JUDE CHILDRENS HOSPITA MEMPHIS, TN	PROVIDING SUPPORT TO ILL CHILDREN	$4,000
THE NEST LEXINGTON, KY	ASSISTANCE TO NEEDY WOMEN & CHILDREN	$2,500
CATHOLIC RELIEF SVCS BALTIMORE, MD	TO HELP SUPPORT THE NEEDY	$3,000
CHRISTIAN APPALACHIN PROJECT LEXINGTON, KY	PROVIDE SUPPORT TO NEEDY IN EAST KY	$3,000
INTL FELLOWSHIP OF CHRISTIAN & JEWS CHICAGO, IL	TO HELP SUPPORT THE NEEDY	$3,000
SHRINERS' CHILDREN HOSPITAL LEXINGTON, KY	PROVIDING MEDICAL SVCS TO CHILDREN	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RALPH I STEVENS III	PRESIDENT	—	—
CAROL STEVENS	VICE PRESIDE	—	—
SUSAN JOSEPH	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Soar Foundation for the Needy Inc?

Soar Foundation for the Needy Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, KY. It holds — in total assets as of 2024.

Where does Soar Foundation for the Needy Inc operate?

Soar Foundation for the Needy Inc has awarded grants in Florida, Illinois, Kentucky, Maryland, New York, Tennessee.

What size grants does Soar Foundation for the Needy Inc award?

In 2024, Soar Foundation for the Needy Inc awarded 11 grants totaling $51K — an average of about $5K per grant, based on its IRS Form 990 filings.

What is Soar Foundation for the Needy Inc's EIN?

Soar Foundation for the Needy Inc's EIN (Employer Identification Number) is 82-1556178. IRS Form 990 filing data is available on this page for 2021–2024.