Sky Foundation
- Assets
- $10.2m
- Revenue
- $271.4k
- Investments
- $9.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 85-2640958
Organization Overview
Sky Foundation is located in Wilmington, DE. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sky 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 12/2023, Sky Foundation generated $271.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (55.0%) each year. All expenses for the organization totaled $489.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sky Foundation has awarded 30 individual grants totaling $674,545. 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 |
|---|---|---|---|
Doug Daniels Dir | 1 | $0 | |
Jennifer Young Dir, Sec, VP | 1 | $0 | |
Kenneth Young Dir, Pres, Treas | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,318 |
| Dividends & Interest | $97,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,523 |
| Capital Gain Net Income | $812,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,306 |
| Total Revenue | $271,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,920 |
| Printing and publications | $0 |
| Other expenses | $87,967 |
| Total operating and administrative expenses | $147,014 |
| Contributions, gifts, grants paid | $342,000 |
| Total expenses and disbursements | $489,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $257,010 |
| 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 | $1,006,219 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $98,000 |
| Total assets | $10,165,846 |
| 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, Sky Foundation has awarded $342,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVATE GLOBAL INC PURPOSE: GENERAL & UNRESTRICTED | $160,000 |
ADVOCATES FOR CHILDREN OF NY INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CENTER FOR RACIAL JUSTICE IN EDUCATION INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
INNOCENCE PROJECT INC PURPOSE: SPRING GALA | $10,000 |
NEW YORK INTERNATIONAL CHILDRENS FILM FESTIVAL INC PURPOSE: GENERAL & UNRESTRICTED | $17,000 |
PROTEUS FUND INC PURPOSE: EMBRACE RACE | $2,000 |