Skylight Foundation Inc
- Assets
- $20.7m
- Revenue
- $11.0m
- Investments
- $8.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2016
- Data as of
- 05/2022
- EIN
- 20-4281816
Organization Overview
Skylight Foundation Inc is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skylight 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.
Since 2017, Skylight Foundation Inc has awarded 19 individual grants totaling $869,374. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
MAINTENANCE OF VILLA SASSELLA PROPERTY. APPROXIMATELY 25 CHARITABLE ORGANIZATIONS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Mcfadden Chair/sec/treas | 5 | $0 | |
Lisa D Kabnick President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450,000 |
| Interest on Savings | $164 |
| Dividends & Interest | $235,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,065,134 |
| Capital Gain Net Income | $10,065,134 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $231,515 |
| Total Revenue | $10,982,237 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $17,480 |
| Taxes | $107,303 |
| Depreciation | $42,206 |
| Occupancy | $612,189 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,160 |
| Total operating and administrative expenses | $845,864 |
| Contributions, gifts, grants paid | $51,909 |
| Total expenses and disbursements | $897,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,070,607 |
| 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 | $2,497,301 |
| Net Land, buildings, and equipment | $1,333,766 |
| Other assets | $10,268,552 |
| Total assets | $20,686,328 |
| 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 | $3,556,344 |
| Other liabilities | $0 |
| Total liabilities | $3,556,344 |
Grants Awarded
Over the last fiscal year, Skylight Foundation Inc has awarded $51,909 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ONGAVA RESEARCH CENTRE PURPOSE: WILDLIFE CONSERVATION AND RESEARCH | $50,000 |
K-1 ACTIVITY - EASTON COACH PURPOSE: VARIOUS | $1,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Research Collections And Preservation Consortium Inc Princeton, NJ | $56,454,726 | $4,069,858 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
Ieee Foundation Inc Piscataway, NJ | $72,402,966 | $9,050,639 |
New Jersey Council Of County Colleges Trenton, NJ | $4,960,953 | $3,541,533 |
Community College Of Philadelphia Foundation Philadelphia, PA | $17,835,018 | $4,924,395 |