Sky Foundation INC EIN 26-2720583 Form 990 (PDF) Claim this org

Sky Foundation INC

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Funds research and raises awareness for early pancreatic cancer detection. For fiscal year 2024 it reported $596K in revenue, $531K in expenses, and $701K in net assets.Pt I

Type
Public charity (501(c)(3)) · Medical Research
Location
Birmingham, MI
Website
www.skyfoundationinc.org
Filings
5 on file (2020–2024)
Revenue
$596KFY2024
Expenses
$531K
Net assets
$701K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-2720583 Public charity (501(c)(3)) Birmingham, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds research and raises awareness for early pancreatic cancer detection.
Leadership
Jody Skonieczny · Executive Dir. · $130K
Money in and out
$596K revenue, $531K expenses
Bottom line
45% program efficiency
Where the money goes · FY2024
Total revenue
$596K
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$701K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.28 Fundraising $0.27
Program efficiency
45%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
16.6mo
months of highly liquid reserves at operating expense rate▼ -15% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▼ -69% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$596K
FY2024▼ -15%
Expenses
$531K
FY2024▲ +18%
Total assets
$726K
FY2024▲ +13%
Total liabilities
$25K
FY2024▼ -10%
Total revenue
$596K
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$701K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$726K
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSky Foundation INC
EINHdr · item D26-2720583
Principal addressHdr · item CBirmingham, MI
WebsiteHdr · item Jwww.skyfoundationinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H123)
Ruling yearIRS BMFAug 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$130,000Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Jody Skonieczny’s $130K as Executive Dir. is at the 83rd percentile of top reported officer pay among 322 $100K–1M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jody Skonieczny$130,000
Sheila Kasselman$3,325$30,200$27,900$29,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $239K of program spending, described in the organization's own filed words · FY2024.
01

Sky Foundation funds scientific research for the early detection of pancreatic cancer. They funded three programs including THE MASSACHUSETTS GENERAL HOSPITAL, THE University of Pittsburgh, and DANA-FARBER CANCER INSTITUITE

$239Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$585K · 98%
Investment income$18K · 3%
Contributions & grants98%$585K
Investment income3%$18K
Total revenueLn 12$596K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.28 Fundraising $0.27
Program services45%$239K
Management & general28%$149K
Fundraising27%$143K
Total functional expensesLn 25$531K

Balance Sheet

Part X · end of year
CashLn 1$401K
Total assetsLn 16$726K
Total liabilitiesLn 26$25K
Total net assetsLn 32$701K
Months of cash on handcomputed9.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $695K · Operating expenses (Pt IX) $531K · Less non-cash grants $30K · Cash operating expenses/yr $501K
16.6 months
Where the money goes
Program services
Program services $239K · Total expenses $531K
45%
Management & General
Management & general $149K · Total expenses $531K
28%
Fundraising
Fundraising $143K · Total expenses $531K
27%
Cost to raise $1
Fundraising expense (3-yr avg) $97K · Solicited contributions (3-yr avg) $574K
$0.17 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $585K · Total revenue $596K
98%
Government reliance
Government grants — · Total revenue $596K
Earned-income share
Program service revenue $0 · Total revenue $596K
0%
Investment reliance
Investment income $18K · Total revenue $596K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $531K
0%
Growth & trend
Revenue growth (YoY)
This year $596K · Prior year $700K
-15%
Revenue CAGR
FY2020 $356K · FY2024 $596K
+14%
Net-asset trend (YoY)
End of year $701K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $596K · Expenses $531K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $726K
Net-asset ratio
Net assets $701K · Total assets $726K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $294K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $726K
40%
People & payroll
Highest Reported Total Compensation
Individual Jody Skonieczny · Reported title Executive Dir. · Highest reported compensation $130K · Total expenses $531K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $280K · Total expenses $531K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 28%
Fundraising cost ratio 24%
Revenue growth -15%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 7%
Fundraising fee ratio 0%

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 3 funders$38K
See all 3 funders →
Grants paid · 18 grants · $981K · 2020–2024

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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)$596K revenue · viewing · ⤓ 990 PDF
FY2023$700K revenue · ⤓ 990 PDF
FY2022$363K revenue · ⤓ 990 PDF
FY2021$368K revenue · ⤓ 990 PDF
FY2020$356K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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