Robert And Yadelle Sklare Foundation

The information for Robert And Yadelle Sklare Foundation is as of the organization's most recent filing in June '21. This organization is located in Chicago, IL. It has been in existence for 16 years, following its founding in 2005.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Robert And Yadelle Sklare Foundation's NTEE code is T11. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "11" tells us that the organization is a Single Organization Support within this major classification. The NTEE describes Single Organization Support as organizations existing as a fundraising entity for a single institution within the Philanthropy, Voluntarism & Grantmaking Foundations major group area.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Robert And Yadelle Sklare Foundation is to foster, promote, support, develop, encourage, and maintain the broad charitable, educational, or religious purposes or functions of the Jewish Federation of Metropolitan Chicago.

Program Areas

The foundation's program area focuses on making grants to charitable organizations that are tax exempt under the IRC Section 501(c)(3) and meet the guidelines set by the charter of the Jewish Federation of Metropolitan Chicago.

Organization Staffing

The Robert And Yadelle Sklare Foundation is run by Yadelle Sklare, who holds the position of President & Treasurer. The organization does not have any employees and no employees are paid over $100k per year. However, the foundation is supported by a dedicated team of 3 volunteers.

Board Governance

The Robert And Yadelle Sklare Foundation appears to be well-governed based on the information provided. With a total of 5 voting members, including 3 independent members, the organization seems to have a diverse and balanced board. This ensures that decisions are made in the best interest of the organization and its beneficiaries, rather than being influenced by personal or conflicting interests. The presence of a conflict of interest policy indicates that the organization is proactive in addressing and managing potential conflicts. The requirement for disclosure of conflicts further demonstrates the Foundation's commitment to transparency and accountability. Additionally, the Foundation has implemented various policies and practices to ensure good governance. The documentation of board and committee meetings suggests that decision-making processes are well-documented and transparent. The presence of a whistleblower policy and a document retention policy further indicates that the organization values ethical behavior and accountability. However, it is worth noting that the organization does not substantiate and review leadership and officer salaries. While this may not necessarily indicate poor governance, it would be beneficial for the Foundation to review and disclose these salaries to ensure transparency and maintain the trust of its stakeholders. Overall, the Robert And Yadelle Sklare Foundation appears to have a strong governance structure in place. The organization's commitment to transparency, accountability, and ethical behavior is evident through its policies and practices.

Grant History

Our dataset includes three years of grant history for the Robert And Yadelle Sklare Foundation. In those three years, they have awarded a total of 25 grants, with an average check size of $24,652. The majority of their grants (25) were awarded in the Philanthropy, Voluntarism & Grantmaking Foundations sector. Additionally, the organization has distributed grants in multiple states, with the highest number of grants awarded in Illinois (7), followed by New York (6), California (3), Washington D.C. (3), New Jersey (3), and Pennsylvania (3).

Organization Growth

The Robert And Yadelle Sklare Foundation has experienced growth in terms of contributions and grants received, with an increase from $0 in 2014 to $132.3K in 2020. However, their investment income decreased from $51.7K in 2014 to $3.8K in 2020. Despite this decrease, their total revenue still increased from $51.7K in 2014 to $136.1K in 2020. On the other hand, their grants paid decreased from $277.7K in 2014 to $0 in 2020, which may indicate a change in their focus or strategy. Additionally, their total expenses decreased from $313.7K in 2014 to $138.0K in 2020, suggesting improved financial management. Furthermore, the number of total volunteers decreased from 6 in 2014 to 3 in 2020. Overall, the Robert And Yadelle Sklare Foundation has experienced a combination of growth and changes in various aspects over the given time period.