Michael Skoubis Foundation
- Assets
- $111.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 11/2016
- Data as of
- 12/2023
- 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 12/2023, Michael Skoubis Foundation generated $38.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $15.0k during the year ending 12/2023. 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
2023
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 | |
Zachary P Bazianos 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 | $1,505 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $36,575 |
| Other Revenue | $0 |
| Total Revenue | $38,080 |
| 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 | $0 |
| Other expenses | $4,981 |
| Total expenses | $14,981 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,091 |
| Other assets | $0 |
| Total assets | $111,091 |
| Total liabilities | $0 |
| Net assets or fund balances | $111,091 |