Skillman Foundation
- Assets
- $416.6m
- Revenue
- $34.4m
- Investments
- $400.3m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 38-1675780
Organization Overview
Skillman Foundation is located in Detroit, MI. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skillman 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 12/2022, Skillman Foundation generated $34.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $34.6m during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 4 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 2020, Skillman Foundation has awarded 849 individual grants totaling $57,902,105. 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 |
|---|---|---|---|
Angelique Power President, Secretary & COO | 40 | $486,800 | |
Maria Woodruff-Wright Treasurer, VP Of Operations & CFO | 40 | $283,876 | |
Punita Dani Thurman Vp, Program And Strategy | 40 | $238,997 | |
David Mcghee Vp, Org. Excellence And Impact(termed) | 40 | $149,789 | |
Lauren Hawkins Assistant Treasurer | 40 | $142,976 | |
Denise Ilitch Trustee | 3 | $27,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investure Llc | 12/30/22 | $3,939,390 |
Information Technology Partners | 12/30/22 | $232,311 |
Sonia C Gleason | 12/30/22 | $157,000 |
Operations School Llc | 12/30/22 | $119,166 |
Public Progress Llc | 12/30/22 | $119,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $585,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,821,666 |
| Capital Gain Net Income | $15,611,423 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $428,150 |
| Total Revenue | $34,435,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,452,438 |
| Other employee salaries and wages | $1,504,501 |
| Pension plans, employee benefits | $812,824 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $23,468 |
| Occupancy | $316,225 |
| Travel, conferences, and meetings | $308,184 |
| Printing and publications | $6,744 |
| Other expenses | $190,016 |
| Total operating and administrative expenses | $8,642,436 |
| Contributions, gifts, grants paid | $25,963,054 |
| Total expenses and disbursements | $34,605,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,850,866 |
| Savings and temporary cash investments | $526,041 |
| Net Accounts receivable | $254,114 |
| 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 | $300 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $183,187,658 |
| Net Land, buildings, and equipment | $62,575 |
| Other assets | $3,631,429 |
| Total assets | $416,635,221 |
| Accounts payable and accrued expenses | $1,057,748 |
| Grants payable | $8,003,902 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,891,935 |
| Total liabilities | $13,953,585 |
Grants Awarded
Over the last fiscal year, Skillman Foundation has awarded $22,416,757 in support to 397 organizations.
| Grant Recipient | Amount |
|---|---|
482FORWARD PURPOSE: YOUTH LED WELLNESS - DETROIT'S MUSLIM YOUTH COUNCIL | $10,000 |
826 MICHIGAN PURPOSE: AMPLIFYING STUDENT VOICE: 826MICHIGAN DETROIT SCHOOL PARTNERSHIPS | $200,000 |
A COURAGEOUS VOICE PURPOSE: YOUTH LED WELLNESS APPLICATION GRANT | $500 |
A GIRL LIKE ME PURPOSE: YOUTH LED WELLNESS - A GIRL LIKE ME INC MENTORING PROGRAM | $7,025 |
1 MICHIGAN FOR THE GLOBAL MAJORITY INC PURPOSE: YOUTH LED WELLNESS - CUISINE, AMOR LANGUAGES, MUREEH () (CALM) | $20,000 |
ALKEBU-LAN VILLAGE PURPOSE: YOUTH LED WELLNESS APPLICATION GRANT | $500 |