Levine-Sklut Family Foundation
- Assets
- $24.6m
- Revenue
- $2.4m
- Investments
- $23.3m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 56-1904190
Organization Overview
Levine-Sklut Family Foundation is located in Charlotte, NC. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Levine-Sklut 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 12/2021, Levine-Sklut Family Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 3.4% 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 2020, Levine-Sklut Family Foundation has awarded 19 individual grants totaling $2,358,102. 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 |
|---|---|---|---|
Eric R Sklut Director | 1 | $0 | |
Lori Levine Sklut Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $322,234 |
| Interest on Savings | $0 |
| Dividends & Interest | $869,032 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,261,286 |
| Capital Gain Net Income | $1,261,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,404 |
| Total Revenue | $2,449,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $28 |
| Taxes | $9,377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100,219 |
| Total operating and administrative expenses | $117,624 |
| Contributions, gifts, grants paid | $1,253,003 |
| Total expenses and disbursements | $1,370,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,226,278 |
| 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 | $2,416,112 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,553,464 |
| 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, Levine-Sklut Family Foundation has awarded $1,253,003 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION PURPOSE: GENERAL OPERATING SUPPORT | $460,000 |
ATRIUM HEALTH FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $220,000 |
LEVINE JCC PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
QUEENS UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Elon, NC PURPOSE: GENERAL OPERATING SUPPORT | $90,000 |
UNC COLLEGE OF ARTS & SCIENCE PURPOSE: GENERAL OPERATING FUNDS | $83,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |