Sk2 Fund Inc
- Assets
- $24.7m
- Revenue
- $953.8k
- Investments
- $20.6m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-3247230
Organization Overview
Sk2 Fund Inc is located in Boise, ID. The organization was established in 2010. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sk2 Fund 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 12/2023, Sk2 Fund Inc generated $953.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sk2 Fund Inc has awarded 81 individual grants totaling $623,351. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIIVE CAMBODIA PROVIDES CAPITAL FOR PRODUCTION EQUIPMENT AND TECHNICAL ASSISTANCE TO SMALL BUSINESSESS, HELPING THEM TO EXPAND AND CREATE NEW JOBS. LOANS ARE REPAID THROUGH BUSINESS DONATION OF AN EQUIVALENT VALUE OF IN-KIND PRODUCTS, SERVICES, OR JOB TRAINING TO IMPOVERISHED COMMUNITY MEMBERS.
THRIIVE HONDURAS PROVIDES CAPITAL FOR PRODUCTION EQUIPMENT AND TECHNICAL ASSISTANCE TO SMALL BUSINESSESS, HELPING THEM TO EXPAND AND CREATE NEW JOBS. LOANS ARE REPAID THROUGH BUSINESS DONATION OF AN EQUIVALENT VALUE OF IN-KIND PRODUCTS, SERVICES, OR JOB TRAINING TO IMPOVERISHED COMMUNITY MEMBERS. PROGRAM OPERATIONS LAUNCHED IN 2023
THRIIVE GUATEMALA PROVIDES CAPITAL FOR PRODUCTION EQUIPMENT AND TECHNICAL ASSISTANCE TO SMALL BUSINESSESS, HELPING THEM TO EXPAND AND CREATE NEW JOBS. LOANS ARE REPAID THROUGH BUSINESS DONATION OF AN EQUIVALENT VALUE OF IN-KIND PRODUCTS, SERVICES, OR JOB TRAINING TO IMPOVERISHED COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Schultz Trustee | 40 | $67,650 | |
Laurel Williams Executive Director | 40 | $159,700 | |
Linda Kincannon Trustee | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
3rd Creek Investments Inc | 12/30/23 | $140,000 |
Huyen Huong | 12/30/23 | $73,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $201,000 |
| Interest on Savings | $181,568 |
| Dividends & Interest | $333,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $147,586 |
| Capital Gain Net Income | $147,586 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89,880 |
| Total Revenue | $953,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,350 |
| Other employee salaries and wages | $100,225 |
| Pension plans, employee benefits | $109,313 |
| Interest | $0 |
| Taxes | $36,385 |
| Depreciation | $0 |
| Occupancy | $713 |
| Travel, conferences, and meetings | $28,990 |
| Printing and publications | $2,590 |
| Other expenses | $653,455 |
| Total operating and administrative expenses | $1,324,747 |
| Contributions, gifts, grants paid | $249,145 |
| Total expenses and disbursements | $1,573,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279,398 |
| Savings and temporary cash investments | $1,079,697 |
| 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 | $7,470,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,727,850 |
| Total assets | $24,694,594 |
| 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 | $56,346 |
| Total liabilities | $56,346 |
Grants Awarded
Over the last fiscal year, Sk2 Fund Inc has awarded $249,145 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
GREEN CONNECT VIETNAM PURPOSE: TO REDUCE THE AMOUNT OF ORGANIC WASTE POLLUTING THE ENVIRONMENT AND IMPROVE LIVELIHOODS OF DISADVANTAGED AND ETHNIC MINORITY WOMEN IN TRAI COC, HA TINH PROVINCE, VIETNAM | $15,000 |
ANDEAN ALLIANCE FOR SUSTAINABLE DEVELOPMENT PURPOSE: SUPPORTING SUSTAINABLE AGRICULTURE INITIATIVES IN THE PERUVIAN ANDES | $10,000 |
LADY SAVING GROUP PURPOSE: TRAINING MENTORING FOR WOMEN STREET VENDORS W ACCESS TO FINANCE, CAPACITY DEVELOPMENT, BUSINESS, LIFE SKILLS, AND LONG TERM NETWORKING | $5,000 |
WOMEN'S RESOURCE CENTER CAMBODIA PURPOSE: TO PROVIDE FUNDING FOR TRAINING AND FINANCING GRASSROOTS WOMEN ENTREPRENEURS IN SIEM RIEP, CAMBODIA | $10,000 |
UTZ & DELICIOUS PURPOSE: TO PROVIDE FUNDING FOR WOMENS EMPOWERMENT ENTREPRENEURSHIP PROGRAM THROUGH CACAO REFINEMENT BUSINESS IN QUETZALTENANGO, GUATEMALA | $10,145 |
AMIGOS DE SANTA CRUZ PURPOSE: TO PROVIDE FUNDING FOR WOMENS EMPOWERMENT ENTREPRENEURSHIP PROGRAM THROUGH EXPANSION OF OYSTER MUSHROOM CULTIVATION AND ORGANIC EGG PRODUCTION IN SANTA CRUZ, GUATEMALA | $10,000 |