Michael Skoubis Foundation
- Assets
- $87.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3790013
Organization Overview
Michael Skoubis Foundation is located in Schaumburg, IL. The organization was established in 2016. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Skoubis 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 12/2021, Michael Skoubis Foundation generated $56.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $11.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE COLLEGE SCHOLARSHIPS TO SUPPORT EDUCATION AND HELP STUDENTS SET GOALS AND STRIVE TO ACHIEVE EXCELLENCE. NEW ORGANIZATION, EXPECT TO AWARD SCHOLARSHIPS BASED ON NEED AND ACADEMIC PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Skoubis President | 5 | $0 | |
James Chiakulas Director | 2 | $0 | |
James Kontopoulos Treasurer | 3 | $0 | |
Peter Bartzis Director | 2 | $0 | |
Steve Konstantopoulos Director | 1 | $0 | |
Fotios Theodosopoulos Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $56,604 |
| Other Revenue | $0 |
| Total Revenue | $56,604 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $111 |
| Other expenses | $714 |
| Total expenses | $11,825 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,910 |
| Other assets | $0 |
| Total assets | $87,910 |
| Total liabilities | $0 |
| Net assets or fund balances | $87,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michael Skoubis Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Buhler Kapsalis Family Foundation Pleasant Prairie, WI PURPOSE: EDUCATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manitou Council Inc Sheboygan, WI | $6,152,575 | $1,986,036 |
Optimist International Youth Programs Foundation Inc Saint Louis, MO | $286,675 | $1,174,603 |
Josiah Whites Quakerdale Foundation New Providence, IA | $22,959,200 | $1,075,930 |
Caritas For Children Inc Milwaukee, WI | $234,512 | $528,292 |
Van Noy Valor Foundation Inc Florence, KY | $112,217 | $345,441 |
Kids On The Move Louisville, KY | $83,801 | $276,776 |
Barrington Childrens Charities Barrington, IL | $2,299,815 | $341,510 |
Lake Of The Ozarks Idiots Club Inc Kaiser, MO | $204,171 | $266,449 |
Anne E Leibowitz Youth Fund Chicago, IL | $753,377 | $28,601 |
Helping Hands Network Inc Northbrook, IL | $137,856 | $241,889 |
Tonys Charitable Foundation Itasca, IL | $471,602 | $217,855 |
Kevin Brown Memorial Tournament Of Champions Inc Washington, IL | $53,540 | $175,674 |