Val Skinner Foundation
- Assets
- $526.7k
- Revenue
- $356.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Bay Head, NJ
- Founding
- 06/2000
- Data as of
- 09/2023
- EIN
- 13-4084940
Organization Overview
Val Skinner Foundation is located in Bay Head, NJ. The organization was established in 2000. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Val Skinner 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 09/2023, Val Skinner Foundation generated $356.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $212.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Val Skinner Foundation has awarded 12 individual grants totaling $2,246,200. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO RAISE SUPPORT FOR BREAST CANCER RESEARCH, TREATMENT, AND EDUCATION SPECIFICALLY FOCUSING ON YOUNG WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MAIN FOCUS HAS BEEN THE SUPPORT OF ORGANIZATIONS WHOSE PRIMARY ACTIVITIES ARE CENTERED ON BREAST CANCER RESEARCH, TREATMENT, AND EDUCATION. TO THAT END, THE FOUNDATION CREATED THE LIFE EVENT (LPGA PROS IN THE FIGHT TO ERADICATE BREAST CANCER)AS IT'S PRIMARY FUNDRAISER. THE FOUNDATION ALSO PARTICIPATES IN SMALLER EVENTS TO RAISE DONATIONS. IT IS THE MISSION OF THE FOUNDATION TO HELP ERADICATE BREAST CANCER AS A LIFE THREATENING DISEASE. THE FUNDS RAISED ENABLES THE FOUNDATION TO WORK WITH ORGANIZATIONS TO SET THE LANDSCAPE FOR LAUNCHING INITIATIVES THAT HELP US TO ACCOMPLISH OUR MISSION. SINCE 2000, THE LIFE EVENTS HAVE RAISED OVER 10 MILLION DOLLARS FOR BREAST CANCER EDUCATION, CLINICAL SERVICES AND RESEARCH PROGRAMS. DUE TO THE COVID-19 PANDEMIC THE FOUNDATION HAS NOT HELD A LIFE EVENT SINCE 2020 AND NOW FOCUSES ON SMALLER VENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Val Skinner Chairperson | OfficerTrustee | 10 | $30,000 |
Ann Noble Treasurer | OfficerTrustee | 5 | $0 |
Kevin Mcternan Secretary | OfficerTrustee | 2 | $0 |
Amy Perella Advisory Board | Trustee | 1 | $0 |
Sue Crosby Advisory Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $345,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,851 |
| Total Program Service Revenue | $0 |
| Investment income | $10,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,060 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,108 |
| Office expenses | $516 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,542 |
| Travel | $2,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,289 |
| All other expenses | $0 |
| Total functional expenses | $212,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,943 |
| Savings and temporary cash investments | $385,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $38,136 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $526,714 |
| Accounts payable and accrued expenses | $2,703 |
| Grants payable | $115,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $117,703 |
| Net assets without donor restrictions | $409,011 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $526,714 |
Grants Awarded
Over the last fiscal year, Val Skinner Foundation has awarded $165,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DISCOVERY EDUCATION PURPOSE: EDUCATION | $65,000 |
RUTGERS CANCER INSTITUTE PURPOSE: CLINICAL SERVICES, EDUCATION AND RESEARCH | $100,000 |