Skas Foundation Inc
- Assets
- $1.3m
- Revenue
- $56.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2023
- EIN
- 86-1572597
Organization Overview
Skas Foundation Inc is located in Brooklyn, NY. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skas Foundation 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 12/2023, Skas Foundation Inc generated $56.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (60.8%) each year.
Since 2022, Skas Foundation Inc has awarded 37 individual grants totaling $1,013,632. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS SOLELY ENGAGED IN GRANT - MAKING ACTIVITIES AND IS FOLLOWING THE SPECIAL RULE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Schmiley Schick President | 0 | $0 | |
Sheila Schick Secretary | 0 | $0 | |
Aaron Katz Treasurer | 0 | $0 | |
Rivky Perl Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $6,534 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $80 |
| Contributions, gifts, grants paid | $629,402 |
| Total expenses and disbursements | $629,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262,574 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,262,574 |
| 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 | $1,000 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Skas Foundation Inc has awarded $629,402 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CONG AHAVAS TZDOKAH VCHESED PURPOSE: FOR THE FURTHERANCE OF CHARITABLE ACTVITIES | $3,600 |
MOSDOS TOLDAS AHAON PURPOSE: FOR THE FURTHERANCE OF CHARITABLE ACTVITIES | $91,800 |
CHAIM V'CHESED PURPOSE: FOR THE FURTHERANCE OF CHARITABLE ACTVITIES | $70,900 |
CHEVRAT PINTO PURPOSE: FOR THE FURTHERANCE OF CHARITABLE ACTVITIES | $5,000 |
UTA OF BORO PARK PURPOSE: FOR THE FURTHERANCE OF CHARITABLE ACTVITIES | $4,800 |
THE OJC FUND PURPOSE: FOR THE FURTHERANCE OF CHARITABLE ACTVITIES | $80,000 |