Skyline Cap Inc
- Assets
- $2.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 67
- Location
- Madison, VA
- Founding
- 05/1991
- Data as of
- 06/2022
- EIN
- 54-1570712
Organization Overview
Skyline Cap Inc is located in Madison, VA. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Skyline Cap Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skyline Cap 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 06/2022, Skyline Cap Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE GENERAL WELFARE AND CONDITIONS OF LOW-INCOME, ELDERLY, AND/OR DISADVANTAGED PERSONS BY PROVIDING PROGRAMS AND SERVICES THAT SHALL PROMOTE, DEVELOP, AND ENCOURAGE ACTIVITIES AND MEANS TO IMPROVE HOUSING, EDUCATIONAL, AND LITERACY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START PROVIDED EARLY CHILDHOOD EDUCATION, HEALTH, AND NUTRITION SERVICES TO 225 CHILDREN. THE PROGRAM ALSO PROVIDED PARENTING AND SELF- SUFFICIENCY TRAINING TO FAMILIES OF ENROLLED CHILDREN.
VARIOUS OTHER PROGRAMS DESIGNED TO AMELIORATE POVERTY AND INCREASE SELF- SUFFICIENCY OF LOW INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Fiscus Executive Di | Officer | 40 | $86,862 |
Carlton Yowell Finance Dire | Officer | 40 | $71,579 |
Kerri Banks Secretary | Trustee | 1 | $0 |
Frank Berry Treasurer | Trustee | 1 | $0 |
Melanie Burch Director | Trustee | 1 | $0 |
Dan Corrow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,707,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,719,444 |
| Total Program Service Revenue | $393,455 |
| Investment income | $1,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $105,795 |
| 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 | $3,219,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $159,388 |
| Compensation of current officers, directors, key employees. | $78,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,559,756 |
| Pension plan accruals and contributions | $41,653 |
| Other employee benefits | $143,490 |
| Payroll taxes | $154,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,290 |
| Travel | $26,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,259 |
| Insurance | $24,878 |
| All other expenses | $24,775 |
| Total functional expenses | $2,603,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,811 |
| Savings and temporary cash investments | $249,108 |
| Pledges and grants receivable | $220,905 |
| Accounts receivable, net | $12,378 |
| 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 | $41,342 |
| Net Land, buildings, and equipment | $1,489,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,260 |
| Total assets | $2,664,871 |
| Accounts payable and accrued expenses | $127,615 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $127,615 |
| Net assets without donor restrictions | $2,008,342 |
| Net assets with donor restrictions | $528,914 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,664,871 |