Skolnik Family Foundation
- Assets
- $8.3k
- Revenue
- $121.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-4144781
Organization Overview
Skolnik Family Foundation is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Skolnik Family 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 12/2022, Skolnik Family Foundation generated $121.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $117.4k during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Skolnik Family Foundation has awarded 55 individual grants totaling $472,137. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morton Skolnik President | 0 | $0 | |
Kenneth Skolnik Vice-President | 0 | $0 | |
Deborah Skolnik Rosenberg Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $121,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $8,262 |
| Contributions, gifts, grants paid | $109,185 |
| Total expenses and disbursements | $117,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,327 |
| Savings and temporary cash investments | $0 |
| 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 | $8,327 |
| 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, Skolnik Family Foundation has awarded $109,185 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP GAN ISRAEL PURPOSE: GENERAL OPERATING PURPOSES | $1,000 |
CHICAGO CHESED FUND PURPOSE: GENERAL OPERATING PURPOSES | $61,545 |
MEBACHEM EDUCATION FOUNDATION PURPOSE: GENERAL OPERATING PURPOSES | $1,000 |
THE SHLUCHIM OFFICE PURPOSE: GENERAL OPERATING PURPOSES | $18,000 |
CHABAD OF RANCHO MIRAGE PURPOSE: GENERAL OPERATING PURPOSES | $10,000 |
MOSDOT BOTOSHAN INC PURPOSE: GENERAL OPERATING PURPOSES | $780 |