Skillz 4 Life Inc
- Assets
- $81.7k
- Revenue
- $298.0k
- Investments
- $0.0
- Employees
- 41
- Location
- Louisville, KY
- Founding
- 11/2015
- Data as of
- 06/2020
- EIN
- 47-2287725
Organization Overview
Skillz 4 Life Inc is located in Louisville, KY. The organization was established in 2015. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2019, Skillz 4 Life Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skillz 4 Life 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 06/2020, Skillz 4 Life Inc generated $298.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $302.2k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BREAK THE CYCLE OF POVERTY BY CONNECTION CHILDREN, ADULTS AND FAMILIES WITH SKILLS, INFORMATION AND HIGH QUALITY SERVICES THEY NEED TO ACHIEVE THEIR GREATEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING SKILLS IN CHILDREN IN THE AREAS OF SCHOOL READINESS, COMMUNICATION, PHYSICAL HEALTH, SOCIAL WELL BEING, ACADEMIC SUCCESS AND LEADERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marleeta Harris Presidentceo | OfficerTrustee | 0 | $50,000 |
Kelondoe Jones Vpsecretary | OfficerTrustee | 0 | $36,000 |
Jason Harris Vptreasurer | OfficerTrustee | 0 | $36,000 |
Terri Jones Board Member | Trustee | 0 | $0 |
Bonnie Marshal Board Member | Trustee | 0 | $0 |
Danielle Deshields Board Chairman | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,033 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $345 |
| Payroll taxes | $65 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,212 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,160 |
| Advertising and promotion | $11 |
| Office expenses | $15,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,925 |
| Travel | $2,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,224 |
| All other expenses | $68,027 |
| Total functional expenses | $302,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,220 |
| Total assets | $81,739 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $80,095 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,022 |
| Total liabilities | $85,117 |
| Net assets without donor restrictions | -$3,378 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$3,378 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Skillz 4 Life Inc has recieved totaling $160,993.
| Awarding Organization | Amount |
|---|---|
Metro United Way Inc Louisville, KY PURPOSE: OST and Trauma Resilience and EC Ed and K Readiness | $140,993 |
Lift A Life Foundation Inc Mayfield Heights, OH PURPOSE: EARLY CHILDHOOD EDUCATION / GENERAL | $20,000 |
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