Skolnick Foundation
EIN: 870567067 · Salt Lake City, UT · NTEE: T20Z
| Metric | Value |
|---|---|
| Total Revenue | $715K |
| Total Expenses | $313K |
| Net Assets | $3.0M |
Is Skolnick Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Skolnick Foundation
Skolnick Foundation (EIN: 870567067) is a nonprofit organization based in Salt Lake City, UT, classified under NTEE code T20Z. The organization reported total revenue of $715K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skolnick Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skolnick Foundation is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $313K |
| Surplus / Deficit | $-212,608 |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | -211.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 116.9 months |
Financial Health Grade: B
In 2023, Skolnick Foundation reported a deficit of $213K with expenses exceeding revenue, holds 116.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Skolnick Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | -11.3% | -5.2% |
| 2022 | -34.0% | +4.2% | -8.0% |
| 2021 | -76.1% | -40.4% | -0.1% |
| 2020 | +76.5% | -14.7% | +5.7% |
| 2019 | +122.3% | +145.1% | -10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Skolnick Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Skolnick Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $213K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Skolnick Foundation
Is Skolnick Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Skolnick Foundation (EIN: 870567067) insufficient data. 0 red flags identified, 0 strengths noted.
How does Skolnick Foundation spend its money?
Detailed spending breakdown data is not yet available for Skolnick Foundation. Check back for updated IRS 990 analysis.
Are donations to Skolnick Foundation tax-deductible?
Skolnick Foundation is registered as a tax-exempt nonprofit (EIN: 870567067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skolnick Foundation located?
Skolnick Foundation is headquartered in Salt Lake City, Utah and files with the IRS under EIN 870567067. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Skolnick Foundation have?
Skolnick Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $715K in total revenue.
Filing History
IRS 990 filing history for Skolnick Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Skolnick Foundation's revenue has declined by 51%, moving from $205K to $100K. Total assets decreased by 24% over the same period, from $4.0M to $3.0M. Total functional expenses rose by 36.2%, from $230K to $313K. In its most recent filing year (2023), Skolnick Foundation reported a deficit of $213K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $313K | $3.0M | $1 | — | — |
| 2022 | $113K | $353K | $3.2M | $1 | — | View 990 |
| 2021 | $172K | $339K | $3.5M | $1 | — | — |
| 2020 | $718K | $569K | $3.5M | $1 | — | — |
| 2019 | $407K | $666K | $3.3M | $1 | — | View 990 |
| 2015 | $183K | $272K | $3.7M | $1 | — | View 990 |
| 2014 | $190K | $439K | $3.8M | $1 | — | View 990 |
| 2013 | $221K | $280K | $4.0M | $1 | — | View 990 |
| 2012 | $264K | $191K | $4.1M | $1 | — | View 990 |
| 2011 | $205K | $230K | $4.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $313K, and assets of $3.0M (revenue -11.4% year-over-year).
- 2022: Revenue of $113K, expenses of $353K, and assets of $3.2M (revenue -34.0% year-over-year).
- 2021: Revenue of $172K, expenses of $339K, and assets of $3.5M (revenue -76.1% year-over-year).
- 2020: Revenue of $718K, expenses of $569K, and assets of $3.5M (revenue +76.5% year-over-year).
- 2019: Revenue of $407K, expenses of $666K, and assets of $3.3M (revenue +122.3% year-over-year).
- 2015: Revenue of $183K, expenses of $272K, and assets of $3.7M (revenue -4.0% year-over-year).
- 2014: Revenue of $190K, expenses of $439K, and assets of $3.8M (revenue -13.7% year-over-year).
- 2013: Revenue of $221K, expenses of $280K, and assets of $4.0M (revenue -16.6% year-over-year).
- 2012: Revenue of $264K, expenses of $191K, and assets of $4.1M (revenue +29.1% year-over-year).
- 2011: Revenue of $205K, expenses of $230K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skolnick Foundation:
Data Sources and Methodology
This transparency report for Skolnick Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.