Skystone Foundation Inc
- Assets
- $58.9m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 09/1999
- Data as of
- 06/2022
- EIN
- 94-2842873
Organization Overview
Skystone Foundation Inc is located in Flagstaff, AZ. The organization was established in 1999. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skystone 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 06/2022, Skystone Foundation Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $900.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKYSTONE FOUNDATION WAS FOUNDED IN 1979 ORIGINALLY CALLED THE TURRELL FOUNDATION AND RENAMED IN 1982 AS THE NONPROFIT PRIVATE FOUNDATION RESPONSIBLE FOR FUNDRAISING, OPERATION, AND REALIZATION OF JAMES TURRELL'S RODEN CRATER PROJECT. RODEN CRATER, TURRELL'S MAGNUM OPUS, INCORPORATES MANY ASPECTS OF HIS PREVIOUS ART WORKS AND PRESENTS AN EXTRAORDINARY CONVERGENCE OF ART, ARCHITECTURE, ASTRONOMY, ANTHROPOLOGICAL HISTORY OF THE AREA, AND ENGINEERINGS. THROUGH A SERIES OF APERTURES IN THE CINDER CONE VOLCANO, TURRELL IS SCULPTING A NAKED-EYE OBSERVATORY WITH DISCRETE VIEWING SPACES AND CHAMBER THROUGH WHICH THE PUBLIC WILL EXPERIENCE THE LIGHT FROM CELESTIAL OBJECTS AND EVENTS. SKYSTONE FOUNDATION EDUCATIONAL ACTIVITIES ARE CARRIED OUT BY PRACTICAL DEMONSTRATION THROUGH THE FORM OF GRADUATE AND UNDERGRADUATE FIELD LAB COURSES INCORPORATING ASTRONOMY, ART, PSYCHOLOGY, DESIGN, GEOLOGY, AGRICULTURE, AND RANGE MANAGEMENT STUDIES AS WELL AS PUBLISHED ARTICLES TO THE GENERAL PUBLIC. SKYSTONE FOU
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Andrews Director | 1 | $0 | |
Michael Govan President | 1 | $0 | |
Ann Tenenbaum Secretary | 1 | $0 | |
Brad Bucher Director | 1 | $0 | |
Alice Tisch Treasurer | 1 | $0 | |
James Turrell Vice President | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dcg Design | 6/29/21 | $131,837 |
Merge Architectural Group | 6/29/21 | $163,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,770,041 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$789 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,809,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $112,788 |
| Pension plans, employee benefits | $9,944 |
| Interest | $0 |
| Taxes | $965 |
| Depreciation | $400,073 |
| Occupancy | $44,572 |
| Travel, conferences, and meetings | $1,070 |
| Printing and publications | $5,141 |
| Other expenses | $267,661 |
| Total operating and administrative expenses | $900,708 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $900,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,590 |
| Savings and temporary cash investments | $29,301,304 |
| 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 | $10,671,659 |
| Other assets | $18,717,365 |
| Total assets | $58,880,918 |
| Accounts payable and accrued expenses | $19,972 |
| 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 | $19,972 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Skystone Foundation Inc has recieved totaling $612,500.
| Awarding Organization | Amount |
|---|---|
Still Water Foundation Ii Austin, TX PURPOSE: CHARITABLE - FOR THE RODEN CRATER LEADERSHIP CIRCLE. | $300,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $200,000 |
Still Water Foundation Ii Austin, TX PURPOSE: CHARITABLE - FOR THE RODEN CRATER LEADERSHIP CIRCLE. | $100,000 |
Common Counsel Foundation Oakland, CA PURPOSE: PROJECT SUPPORT FOR RODEN CRATER | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Asian Art Museum Foundation Of San Francisco San Francisco, CA | $256,031,716 | $41,593,816 |
Armand Hammer Museum Of Art And Cultural Center Inc Los Angeles, CA | $286,371,378 | $27,039,549 |
The Broad Los Angeles, CA | $573,557,667 | $36,313,761 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
San Diego Museum Of Art San Diego, CA | $78,902,831 | $13,995,818 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |