Skh Foundation Inc
- Assets
- $2.2m
- Revenue
- $57.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2867957
Organization Overview
Skh Foundation Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Skh 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, Skh Foundation Inc generated $57.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (44.6%) each year.
Since 2020, Skh Foundation Inc has awarded 20 individual grants totaling $416,720. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sigurdur Hilmarsson President | 1 | $0 | |
Jennifer Dong Vice President | 1 | $0 | |
Jonathan Spiegel Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $24,957 |
| Net ST Capital Gain | $53 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,331 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,945 |
| Contributions, gifts, grants paid | $112,060 |
| Total expenses and disbursements | $122,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,629 |
| 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 | $2,212,922 |
| 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, Skh Foundation Inc has awarded $112,060 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAVE THE CHILDREN PURPOSE: DONATION | $50,000 |
DIA CENTER FOR THE ARTS PURPOSE: DONATION | $20,000 |
ASIAN AMERICAN LEGAL DEFENCE AND EDUCATION FUND PURPOSE: DONATION | $20,000 |
AMERICAN-SCANDINAVIAN FOUNDATION PURPOSE: DONATION | $20,000 |
WOOSTER GROUP INC PURPOSE: DONATION | $2,060 |