Skk Foundation Inc
- Assets
- $22.1m
- Revenue
- $754.0k
- Investments
- $20.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-1861105
Organization Overview
Skk Foundation Inc is located in Atlanta, GA. The organization was established in 2018. 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. Skk Foundation Inc 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, Skk Foundation Inc generated $754.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Skk Foundation Inc has awarded 60 individual grants totaling $7,168,300. 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 |
|---|---|---|---|
Sarah K Kennedy President/trustee | 0.4 | $0 | |
Nancy K Rigby Secretary/treasurer | 5 | $0 | |
Barbara K Harty Trustee | 0.4 | $0 | |
James C Kennedy Jr Trustee | 0.4 | $0 | |
Clay K Kennedy Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $635,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,991 |
| Capital Gain Net Income | $112,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,983 |
| Total Revenue | $754,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $330 |
| Total operating and administrative expenses | $17,185 |
| Contributions, gifts, grants paid | $1,848,300 |
| Total expenses and disbursements | $1,865,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,175,376 |
| 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 | $22,086,445 |
| 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, Skk Foundation Inc has awarded $1,848,300 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL RESCUE FUND OF THE HAMPTONS INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ATLANTA POLICE FOUNDATION PURPOSE: PROGRAM SUPPORT | $250,000 |
ATLANTA BOTANICAL GARDEN PURPOSE: CAPITAL CAMPAIGN | $15,000 |
CHRIS 180 INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
COLORADO DISCOVER ABILITY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
EMORY UNIVERSITY PURPOSE: PROGRAM SUPPORT | $122,520 |