Leon V Skubitz & Dorothy M Skubitz Foundation
- Assets
- $907.4k
- Revenue
- $37.4k
- Investments
- $894.3k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/2007
- Data as of
- 07/2024
- EIN
- 56-2606714
Organization Overview
Leon V Skubitz & Dorothy M Skubitz Foundation is located in Milwaukee, WI. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Leon V Skubitz & Dorothy M Skubitz 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 07/2024, Leon V Skubitz & Dorothy M Skubitz Foundation generated $37.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $59.8k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leon V Skubitz & Dorothy M Skubitz Foundation has awarded 24 individual grants totaling $383,666. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,913 |
| Capital Gain Net Income | $9,913 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $231 |
| Total Revenue | $37,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,043 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64 |
| Total operating and administrative expenses | $13,400 |
| Contributions, gifts, grants paid | $46,388 |
| Total expenses and disbursements | $59,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,151 |
| 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 | $918 |
| Total assets | $907,392 |
| 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, Leon V Skubitz & Dorothy M Skubitz Foundation has awarded $46,388 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CRAWFORD COUNTY MENTAL HEALTH CENTER PURPOSE: HUMANITARIAN | $15,462 |
ST MARY'S COLGAN CATHOLIC SCHOOL PURPOSE: HUMANITARIAN | $15,462 |
CLASS LTD PURPOSE: HUMANITARIAN | $15,464 |