Sky Foundation Inc

Organization Overview

Sky Foundation Inc is located in Bloomfield Hills, MI. The organization was established in 2008. 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. Sky 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 12/2021, Sky Foundation Inc generated $368.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $414.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Sky Foundation Inc has awarded 25 individual grants totaling $1,483,985. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SKY FOUNDATION, INC. IS DEDICATED TO RAISING AWARENESS AND FUNDING RESEARCH FOR THE EARLY DETECTION OF PANCREATIC CANCER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SKY FOUNDATION FUNDS SCIENTIFIC RESEARCH FOR THE EARLY DETECTION OF PANCREATIC CANCER. THEY FUNDED FIVE PROGRAMS INCLUDING HENRY FORD, KARMANOS, UNIVERSITY OF PITTSBURGH, VANDERBILT UNIVERSITY, AND THE UNIVERSITY OF MICHIGAN RESEARCH INSTITUTE.


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Board, Officers & Key Employees

Name (title)Compensation
Sheila Kasselman
Founder
$27,900
Shannon Crone
President
$0
Christine Jeryan
Secretary
$0
William H Powers Jr
Treasurer
$0
Mary Beth Castorri
Vice President
$0
Monica Barbour ESQ
Board Member
$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$386,377
Noncash contributions included in lines 1a–1f $99,666
Total Revenue from Contributions, Gifts, Grants & Similar$386,377
Total Program Service Revenue$0
Investment income $473
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$18,703
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $368,147

Grants Awarded

Over the last fiscal year, Sky Foundation Inc has awarded $245,000 in support to 5 organizations.

Grant RecipientAmount

HENRY FORD HEALTH SYSTEM

Org PageRecipient Profile

Detroit, MI

PURPOSE: RESEARCH

$50,000

UNIVERSITY OF MICHIGAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: RESEARCH

$50,000

THE UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: RESEARCH

$50,000

VANDERBILT UNIVERSITY

Org PageRecipient Profile

Nashville, TN

PURPOSE: RESEARCH

$50,000

KARMANOS CANCER INSTITUTE

Org PageRecipient Profile

Detroit, MI

PURPOSE: RESEARCH

$45,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sky Foundation Inc has recieved totaling $525.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: MEDICAL CHARITY

|

$525
View Grant Recipient Profile

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