Skyline Technical Fund INC FY2020 filing

Tax-deductible

Princeton, MA501(c)(3)Since 2005EducationEIN 20-2649211Revenue $174K in FY2020

On file with the IRS287 Redemption Rock Trl N, 01541-1013 · Princeton, MATax-exempt since Jul 2006Supporting organization — 509(a)(3)

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To support current and future training courses at the worcester Technical high school, to solicit public and private contributions and engage in fundraising activities to further support and directly benefit the courses, programs, students and faculty at the worcester Technical high school; and to promote awareness throughout the greater worcester community of the mission of the worcester Technical high school.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $462K a year · 76% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
56 mo
of spending, in cash
Looks good: 55.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$174K
Spent
$156K
To programs
96%
Net assets
$722K
By yearFY2020–FY2025
Revenue
$174K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$174K
FY2021$74K
FY2022$19K
FY2023$40K
FY2024$155K
FY2025$3.2M
Expenses
$156K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$77K
FY2022$91K
FY2023$88K
FY2024$73K
FY2025$399K
Net assets
$722K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$722K
FY2021$718K
FY2022$618K
FY2023$571K
FY2024$653K
FY2025$3.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $149K Management & general 4% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President, Clerk
$0Pt VII · Sec A
See Skyline Technical Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds programs at Worcester Technical High School.

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Provided by the organization

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1 program · $149K · in their own filed words · FY2020
01

Support of programs at the worcester technical high school

$149Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$6K
Grants paid · 1 grant · $118K · 2020–2020
Worcester Technical High SchoolFY2020$118,200

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Gifts and grantsLn 1h$150K
Investment incomeLn 3$24K
Money outPt IX
$156K
Ln 25
Programscol B$149K
Managementcol C$7K
Owns and owesPt X
$722K
net assets · Ln 32
Cash and savingsLn 1–2$724K
Total assetsLn 16$724K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Investment incomeLn 3$24K
Total revenueLn 12$174K
Assets in detailPt X, end of year
SavingsLn 2$724K
Cash and savings togetherLn 1–2$724K
Total assetsLn 16$724K
LiabilitiesLn 26$2K
Net assetsLn 32$722K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$707K$724K
Total assetsLn 16$707K$724K
LiabilitiesLn 26$4K$2K
Net assetsLn 32$703K$722K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$137K$137K
Accounting feesLn 11c$6K$6K
Other expenses (24a–d)Ln 24$13K$11K$1K
Total functional expensesLn 25$156K$149K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.2M$399K$2.8M$3.4M 990 PDF
FY2024 $155K$73K$82K$653K 990 PDF
FY2023 $40K$88K−$47K$571K 990 PDF
FY2022 $19K$91K−$71K$618K 990 PDF
FY2021 $74K$77K−$4K$718K 990 PDF
FY2020 Viewing $174K$156K$19K$722K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $174,274 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,150$150,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,613$23,774
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $34,763$174,274
I-13 Grants and similar amounts paidPrior year $126,065$137,201
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $29,318$18,411
I-18 Total expensesPrior year $155,383$155,612
I-19 Revenue less expensesPrior year −$120,620$18,662
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $174,274 across 4 lines filed
VIII-1f All other contributions, gifts and grants$150,500
VIII-1h Total contributions, gifts and grants$150,500
VIII-3 Investment incomeExcluded from tax $23,774$23,774
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $23,774$174,274
Part IX · Statement of functional expenses $155,612 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $137,201$137,201
IX-11c Accounting feesManagement $5,695$5,695
IX-24 Other expenses (24a–d)Programs $11,472 · Management $1,244$12,716
IX-25 Total functional expensesPrograms $148,673 · Management $6,939 · Fundraising $0$155,612
Part X · Balance sheet $724,144 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $706,693$723,951
X-9 Prepaid expenses and deferred chargesStart of year $191$193
X-16 Total assetsStart of year $706,884$724,144
X-17 Accounts payable and accrued expensesStart of year $3,500$2,098
X-26 Total liabilitiesStart of year $3,500$2,098
X-27 Net assets without donor restrictionsStart of year $34,295$134,048
X-28 Net assets with donor restrictionsStart of year $669,089$587,998
X-32 Total net assets or fund balancesStart of year $703,384$722,046
X-33 Total liabilities and net assetsStart of year $706,884$724,144
Part XI · Reconciliation of net assets $722,046 net assets at year end
XI-1 Total revenue$174,274
XI-2 Total expenses$155,612
XI-3 Revenue less expenses$18,662
XI-4 Net assets at start of year$703,384
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$722,046

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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