Skeebo Foundation
- Assets
- $58.8m
- Revenue
- $60.1m
- Investments
- $51.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/2014
- Data as of
- 12/2020
- EIN
- 46-7502934
Organization Overview
Skeebo Foundation is located in Charlotte, NC. The organization was established in 2014. 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. Skeebo 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 12/2020, Skeebo Foundation generated $60.1m in total revenue. All expenses for the organization totaled $7.4m during the year ending 12/2020. While expenses have increased by 194.3% per year over the past 5 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 2017, Skeebo Foundation has awarded 43 individual grants totaling $12,516,152. 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 |
|---|---|---|---|
Victoria Manning Exective Director | 20 | $42,000 | |
Lane E Faison Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,205,418 |
| Interest on Savings | $218 |
| Dividends & Interest | $266,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $636,073 |
| Capital Gain Net Income | $636,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,108,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,575 |
| Interest | $1,019 |
| Taxes | $4,978 |
| Depreciation | $2,009 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $119 |
| Printing and publications | $0 |
| Other expenses | $2,555 |
| Total operating and administrative expenses | $134,512 |
| Contributions, gifts, grants paid | $7,274,972 |
| Total expenses and disbursements | $7,409,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,311,749 |
| 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 | $166 |
| Other assets | $0 |
| Total assets | $58,827,572 |
| 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, Skeebo Foundation has awarded $1,500,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHARTER SCHOOL GROWTH FUND PURPOSE: GENERAL OPERATING GRANT | $1,250,000 |
BUILDING EXCELLENT SCHOOLS PURPOSE: GRANT FOR FELLOW IN CHARLOTTE | $100,000 |
READ CHARLOTTE (CHARLOTTE MECKLENBURG COMMUNITY FOUNDATION) PURPOSE: GENERAL OPERATING GRANT | $50,000 |
Charlotte, NC PURPOSE: GENERAL OPERATING GRANT | $50,000 |
Bernardsville, NJ PURPOSE: GENERAL OPERATING GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |