Levine-Sklut Family Foundation
- Assets
- $24.2m
- Revenue
- $1.3m
- Investments
- $23.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 56-1904190
Organization Overview
Levine-Sklut Family Foundation is located in Charlotte, NC. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Levine-Sklut Family 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, Levine-Sklut Family Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 5.1% 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, Levine-Sklut Family Foundation has awarded 32 individual grants totaling $3,851,103. 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 |
|---|---|---|---|
Lori Levine Sklut Director | 1 | $0 | |
Eric R Sklut Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $675,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $579,546 |
| Capital Gain Net Income | $579,408 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,654 |
| Total Revenue | $1,266,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,028 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,963 |
| Total operating and administrative expenses | $139,991 |
| Contributions, gifts, grants paid | $1,493,001 |
| Total expenses and disbursements | $1,632,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $722,875 |
| 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 | $2,364,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,175,133 |
| 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, Levine-Sklut Family Foundation has awarded $1,493,001 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ATRIUM HEALTH FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
CHARITABLE CONTRIBUTIONS FROM PASSTHROUGH K-1'S PURPOSE: GENERAL OPERATING FUND | $1 |
CRISIS ASSISTANCE MINISTRY PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
HOPEWAY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
JEWISH FEDERATION PURPOSE: GENERAL OPERATING SUPPORT | $470,000 |
JEWISH FAMILY SERVICES OF GREATER CHARLOTTE PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |