Skema Us Inc
- Assets
- $11.0m
- Revenue
- $6.9m
- Investments
- $2.9m
- Employees
- 12
- Location
- Raleigh, NC
- Founding
- 09/2011
- Data as of
- 08/2023
- EIN
- 27-2818359
Organization Overview
Skema Us Inc is located in Raleigh, NC. The organization was established in 2011. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2023, Skema Us Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skema Us 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 08/2023, Skema Us Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $6.8m during the year ending 08/2023. While expenses have increased by 6.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRE, OWN, OPERATE, PROVIDE, MAINTAIN AND PERPETUATE AN INSTITUTION OF HIGHER EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE PROGRAMS OF HIGHER EDUCATION WITH A FOCUS ON EDUCATION OF INTERNATIONAL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael T Lee Professor | 40 | $150,000 | |
Paul Staneski | 40 | $140,000 | |
Mohamed A Desoky Associate Dean Of Academic Programs | 40 | $135,000 | |
Alexander Deshkovski Professor | 40 | $135,000 | |
Gisa L Rollin Development Director | 40 | $110,000 | |
Patrick Helsen Treasurer | Officer | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,735,240 |
| Investment income | $14,249 |
| 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 | $6,923,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $670,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,564,018 |
| Pension plan accruals and contributions | $28,371 |
| Other employee benefits | $53,587 |
| Payroll taxes | $176,842 |
| Fees for services: Management | $290,431 |
| Fees for services: Legal | $96,825 |
| Fees for services: Accounting | $92,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $415,859 |
| Advertising and promotion | $128,803 |
| Office expenses | $18,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $924,946 |
| Travel | $251,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $219,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,487 |
| Insurance | $100 |
| All other expenses | $294,128 |
| Total functional expenses | $6,839,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,268,342 |
| Savings and temporary cash investments | $0 |
| 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 | $80,914 |
| Net Land, buildings, and equipment | $212,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,925,000 |
| Investments—program-related | $0 |
| Intangible assets | $5,168,848 |
| Other assets | $1,333,989 |
| Total assets | $10,989,851 |
| Accounts payable and accrued expenses | $181,831 |
| Grants payable | $0 |
| Deferred revenue | $92,380 |
| 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 | $10,196,537 |
| Total liabilities | $10,470,748 |
| Net assets without donor restrictions | $519,103 |
| 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 | $10,989,851 |