Skyhook Foundation EIN 26-0380140 Form 990 (PDF) Claim this org

Skyhook Foundation FY2020 filing

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Supports underserved youth in disadvantaged areas with funding and in-kind aid. For fiscal year 2020 it reported $584K in revenue, $156K in expenses, and $747K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Costa Mesa, CA
Website
skyhookfoundation.org
Filings
5 on file (2020–2020)
Revenue
$584KFY2020
Expenses
$156K
Net assets
$747K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-0380140 Public charity (501(c)(3)) Costa Mesa, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports underserved youth in disadvantaged areas with funding and in-kind aid.
Leadership
Kareem Abdul Jabbar · Director/President/CEO
Money in and out
$584K revenue, $156K expenses
Bottom line
69% program efficiency
Where the money goes · FY2020
Total revenue
$584K
Pt VIII · Ln 12
Total expenses
$156K
Pt IX · Ln 25
Net assets
$747K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $429K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.20 Fundraising $0.10
Program efficiency
69%
of spending reaches programs
Operating runway
65.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+73%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$584K
FY2020
Expenses
$156K
FY2020
Total assets
$914K
FY2020
Total liabilities
$168K
FY2020
Total revenue
$584K
Pt VIII · Ln 12
Total expenses
$156K
Pt IX · Ln 25
Net assets
$747K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$429K
Total assetsPt X · Ln 16$914K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $108K of program spending, described in the organization's own filed words · FY2020.
01

Camp Skyhook

For 4 nights and 5 days, 4TH and 5TH grade students are immersed in a hands-on outdoor program staffed by the los angeles unified school district that engages our young people in stem learning (science, technology, engineering, and mathematics).

$108Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSkyhook Foundation
EINHdr · item D26-0380140
Principal addressHdr · item CCosta Mesa, CA
WebsiteHdr · item Jskyhookfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFNov 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director/President/CEO
$0Pt VII · Sec A
Director/Treasurer/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Skyhook Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$584K
Investment income$58
Total revenueLn 12$584K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.20 Fundraising $0.10
Program services69%$108K
Management & general20%$32K
Fundraising10%$16K
Total functional expensesLn 25$156K

Balance Sheet

Part X · end of year
CashLn 1$843K
Total assetsLn 16$914K
Total liabilitiesLn 26$168K
Total net assetsLn 32$747K
Months of cash on handcomputed65.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $843K · Operating expenses/yr $156K
65.0 months
Where the money goes
Program services
Program services $108K · Total expenses $156K
69%
Management & General
Management & general $32K · Total expenses $156K
20%
Fundraising
Fundraising $16K · Total expenses $156K
10%
Cost to raise $1
Fundraising expense $16K · Solicited contributions $584K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $584K · Total revenue $584K
100%
Government reliance
Government grants — · Total revenue $584K
Earned-income share
Program service revenue $0 · Total revenue $584K
0%
Investment reliance
Investment income $58 · Total revenue $584K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $156K
0%
Growth & trend
Revenue growth (YoY)
This year $584K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $747K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $584K · Expenses $156K
+73%
Liabilities-to-Assets
Total liabilities — · Total assets $914K
Net-asset ratio
Net assets $747K · Total assets $914K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $914K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kareem Abdul Jabbar · Reported title DIRECTOR/PRESIDENT/CEO · Highest reported compensation $0 · Total expenses $156K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $75K · Total expenses $156K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 20%
Fundraising cost ratio 3%
Legal fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$100K
Grants paid · 1 grant · $35K · 2021–2021
Los Angeles Unified SchoolFY2021$35,281

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$217K revenue · ⤓ 990 PDF
FY2023$382K revenue · ⤓ 990 PDF
FY2022$177K revenue · ⤓ 990 PDF
FY2021$457K revenue · ⤓ 990 PDF
FY2020$584K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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