Skyline Charitable Foundation INC FY2020 filing

Tax-deductible

Long Is City, NY501(c)(3)Foundations & GrantmakersEIN 46-2141917Revenue $3.6M in FY2020

On file with the IRS4928 31st Pl, 11101-3100 · Long Is City, NYTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation is formed for the Charitable purpose of improving the community by identifying and initiating services that address all aspects of community need. The corporation develops and manages programs to help all people lead healthy, productive lives. IT seeks to ensure that all people especially those with the fewest resources have access to the opportunities they need to lead full productive lives. By providing various forms of support to the community we strive to help those in need enrich their lives by succeeding personally, academically, and in their employment, trade, or profession.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$39K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
Spent
$3.5M
To programs
100%
Net assets
$71K
By yearFY2020–FY2024
Revenue
$3.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.6M
FY2021$4.4M
FY2022$2.4M
FY2023$2.0M
FY2024$2.4M
Expenses
$3.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$4.4M
FY2022$2.4M
FY2023$2.0M
FY2024$2.4M
Net assets
$71K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$71K
FY2021$32K
FY2022$9K
FY2023$57K
FY2024$29K

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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $3.5M Management & general 0% · $11K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Program Coordinator
$0Pt VII · Sec A

Shana McCormick’s $110K as Executive Director is at the 39th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Shana McCormick$110,339$94,685$102,982

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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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

Improves communities by identifying needs and managing programs for healthy, productive lives.

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Provided by the organization

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2 programs · $3.5M · in their own filed words · FY2020
01

RAP4BRONX collects and donates food meals, groceries and essential supplies to help frontline workers, families, seniors and vulnerable residents in the bronx, ny area. RAP4BRONX works with food pantries, senior citizen homes and other non-profits to help alleviate the stress for community members who find themselves at the intersection…

$3.4Mprogram expense
02

The organization hosts an annual golf outing benefiting various charities.

$47Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 21 grants · $385K · 2020–2024
Unitemized GrantFY2024$3,000
Harlem Grown INCNY · FY2023$51,000
Unitemized GrantFY2023$10,000
Your Kindness INCFL · FY2022$7,200
Col Johnnie Pantanelli Composite SquadronFY2022$7,000
Harlem Grown INCNY · FY2022$5,000
Harlem Grown INCNY · FY2021$50,000
Senate of Hellenic OrganizationsFY2021$10,000
Unitemized GrantFY2021$4,789
Unitemized GrantFY2020$17,562
See all 21 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.5M
Other incomeLn 4–11$82K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.5M
Managementcol C$11K
Owns and owesPt X
$71K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$110K
LiabilitiesLn 26$39K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Noncash giftsLn 1g$2.8M
Other incomeLn 4–11$82K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
Total assetsLn 16$110K
LiabilitiesLn 26$39K
Net assetsLn 32$71K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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$10K$110K
Total assetsLn 16$10K$110K
LiabilitiesLn 26$0$39K
Net assetsLn 32$10K$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$45K$45K
Grants to domestic individualsLn 2$18K$18K
Grants and assistance to foreign recipientsLn 3$15K$15K
Management feesLn 11a$5K$5K
Legal feesLn 11b$90$90
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$957$957
Other expenses (24a–d)Ln 24$3.4M$3.4M
Total functional expensesLn 25$3.5M$3.5M$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$2.4M−$28K$29K 990 PDF
FY2023 $2.0M$2.0M$48K$57K 990 PDF
FY2022 $2.4M$2.4M−$23K$9K 990 PDF
FY2021 $4.4M$4.4M−$39K$32K 990 PDF
FY2020 Viewing $3.6M$3.5M$52K$71K 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 $3,554,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $206,899$3,473,103
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$81,542
I-12 Total revenuePrior year $206,899$3,554,645
I-13 Grants and similar amounts paidPrior year $89,500$77,362
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 $109,083$3,425,554
I-18 Total expensesPrior year $198,583$3,502,916
I-19 Revenue less expensesPrior year $8,316$51,729
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $3,554,645 across 6 lines filed
VIII-1d Related organizations$289,253
VIII-1f All other contributions, gifts and grants$3,183,850
VIII-1g Noncash contributions (included above)$2,839,033
VIII-1h Total contributions, gifts and grants$3,473,103
VIII-8 Net income from fundraising eventsExcluded from tax $81,542$81,542
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $81,542$3,554,645
Part IX · Statement of functional expenses $3,502,916 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $44,800$44,800
IX-2 Grants to domestic individualsPrograms $17,562$17,562
IX-3 Grants and assistance to foreign recipientsPrograms $15,000$15,000
IX-11a Management feesManagement $4,817$4,817
IX-11b Legal feesManagement $90$90
IX-11c Accounting feesManagement $5,275$5,275
IX-12 Advertising and promotionPrograms $6,061$6,061
IX-13 Office expensesManagement $957$957
IX-24 Other expenses (24a–d)Programs $3,408,354$3,408,354
IX-25 Total functional expensesPrograms $3,491,777 · Management $11,139 · Fundraising $0$3,502,916
Part X · Balance sheet $110,424 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $9,591$110,424
X-16 Total assetsStart of year $9,591$110,424
X-17 Accounts payable and accrued expensesStart of year $0$39,104
X-26 Total liabilitiesStart of year $0$39,104
X-27 Net assets without donor restrictionsStart of year $9,591$71,320
X-32 Total net assets or fund balancesStart of year $9,591$71,320
X-33 Total liabilities and net assetsStart of year $9,591$110,424
Part XI · Reconciliation of net assets $71,320 net assets at year end
XI-1 Total revenue$3,554,645
XI-2 Total expenses$3,502,916
XI-3 Revenue less expenses$51,729
XI-4 Net assets at start of year$9,591
XI-8 Prior period adjustments$10,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$71,320

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

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