Sketch Foundation is located in Southlake, TX. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sketch 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 12/2022, Sketch Foundation generated $261.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $188.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sketch Foundation has awarded 61 individual grants totaling $791,612. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $191,620 |
| Interest on Savings | $892 |
| Dividends & Interest | $69,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321 |
| Capital Gain Net Income | $321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $261,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $80 |
| Depreciation | $0 |
| Occupancy | $7,219 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,049 |
| Total operating and administrative expenses | $18,838 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $188,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| 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 | $3,987,127 |
| 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 | $10,421 |
| Total liabilities | $10,421 |
Over the last fiscal year, Sketch Foundation has awarded $170,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHY SMILES FOR KIDS OF ORANGE COUNTY PURPOSE: CHARITABLE | $25,000 |
TREEHOUSE PURPOSE: CHARITABLE | $20,000 |
TUNNEL TO TOWERS PURPOSE: CHARITABLE | $10,000 |
THE HARMONY PROJECT PURPOSE: CHARITABLE | $20,000 |
RED TAIL YOUTH FLYING PROGRAM PURPOSE: CHARITABLE | $10,000 |
INSTITUTE OF ARTS MUSIC & SCIENCE PURPOSE: CHARITABLE | $20,000 |