Arthur Skodnek Foundation
- Assets
- $3.0m
- Revenue
- $148.3k
- Investments
- $3.0m
- Employees
- 0
- Location
- Northport, NY
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 31-1795435
Organization Overview
Arthur Skodnek Foundation is located in Northport, NY. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arthur Skodnek Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Arthur Skodnek Foundation generated $148.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $206.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Arthur Skodnek Foundation has awarded 42 individual grants totaling $420,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cliff Skodnek Chair | 1 | $0 | |
Catherine Skodnek Secretary | 1 | $0 | |
Linda Mcmahan Treasurer | 1 | $0 | |
Claire Skodnek Director | 30 | $65,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $86,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,891 |
| Capital Gain Net Income | $61,891 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $148,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $17,898 |
| Interest | $0 |
| Taxes | $1,518 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,960 |
| Total operating and administrative expenses | $121,824 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $206,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,209 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,049,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Arthur Skodnek Foundation has awarded $85,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMON GROUND FARM INC PURPOSE: GENERAL SUPPORT | $10,000 |
LAND TO LEARN INC PURPOSE: GENERAL SUPPORT | $10,000 |
PITNEY MEADOWS COMMUNITY FARM INC PURPOSE: REGENERATIVE AGRICULTURE INITIATIVES | $10,000 |
PHILLIES BRIDGE FARM PROJECT INC PURPOSE: GENERAL SUPPORT | $15,000 |
THE FRIENDS OF HILLTOP HANOVER FARM & ENVIRONMENTAL CENTER INC PURPOSE: NATIVE SEED STORAGE, FOOD FOREST, REGENERATIVE FARMING DEMONSTRATION GARDEN | $20,000 |
WILD EARTH WILDERNESS SCHOOL PURPOSE: NATURE CONNECTION AND EXPERIENTIAL EDUCATION | $20,000 |