Skyler Foundation
- Assets
- $27.1m
- Revenue
- $2.1m
- Investments
- $25.3m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1995
- Data as of
- 09/2023
- EIN
- 31-1420623
Organization Overview
Skyler Foundation is located in Cincinnati, OH. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skyler 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, Skyler Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 11.5% per year over the past 7 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.
Since 2015, Skyler Foundation has awarded 162 individual grants totaling $9,504,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite Gieseke Officer | 0.5 | $0 | |
John J Schiff III Officer | 0.5 | $0 | |
Charles O Schiff Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $780,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,285,242 |
| Capital Gain Net Income | $1,285,242 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,065,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,506 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73,947 |
| Contributions, gifts, grants paid | $1,425,000 |
| Total expenses and disbursements | $1,498,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,170 |
| Savings and temporary cash investments | $1,816,454 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,119,325 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Skyler Foundation has awarded $1,425,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ART CENTER OF THE BLUEGRASS PURPOSE: UNRESTRICTED CONTRIBUTION | $150,000 |
ASSISTANCE LEAGUE OF GREATER CINCINNATI PURPOSE: UNRESTRICTED CONTRIBUTION | $25,000 |
CHILDREN'S THEATRE OF CINCINNATI PURPOSE: UNRESTRICTED CONTRIBUTION | $200,000 |
CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER PURPOSE: UNRESTRICTED CONTRIBUTION | $20,000 |
CINCINNATI COUNTRY DAY SCHOOL PURPOSE: UNRESTRICTED CONTRIBUTION | $100,000 |
CINCINNATI OBSERVATORY CENTER PURPOSE: UNRESTRICTED CONTRIBUTION | $75,000 |