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The Skye Foundation INC C/O Nicholas Lloyd EIN 46-2497843

The Skye Foundation INC C/O Nicholas Lloyd

EIN  46-2497843 Private foundation / grantmaker New Haven, CT
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Size
<$100K
What they do
A private foundation based in New Haven, CT.
Leadership
Megan Craig · President
Money in and out
$-173K revenue, $456K expenses
Bottom line
—

A private foundation based in New Haven, CT. For fiscal year 2025 it reported $-173K in revenue, $456K in expenses, and $7.1M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$-173K
Pt VIII · Ln 12
Total expenses
$456K
Pt IX · Ln 25
Net assets
$7.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$628K
Total assets
7.1M
deployed as grants and operations
Grants paid
404K
in FY2025
Grants made
24grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 24 grants · $404K · 2025–2025
Planned ParenthoodFY2025$55,000
Habitat for HumanityFY2025$24,200
IrisFY2025$24,200
Connecticut Fund for the EnvironmentFY2025$24,200
Downtown Evening Soup KitchenFY2025$22,000
Ct Food BankFY2025$22,000
United Way of Greater New HavenFY2025$19,690
Common Ground (new Haven Ecology Project)FY2025$19,250
LeapFY2025$18,150
Camp HazenFY2025$16,500
Neighborhood Music SchoolFY2025$16,500
New Haven Public LibraryFY2025$16,500
City SeedFY2025$15,950
All Our Kin INCFY2025$12,100
Save the ChildrenFY2025$12,000
International Rescue CommitteeFY2025$12,000
Heifer IntlFY2025$12,000
Doctors Without BordersFY2025$12,000
See all 24 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$17K
Median grantPart XV$16K
Largest grantPart XV$55K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$-173K
FY2025▲ +40%
Expenses
$456K
FY2025▲ +11%
Total assets
$7.1M
FY2025▲ +7%
Total liabilities
$0
FY2025
Total revenue
$-173K
Pt VIII · Ln 12
Total expenses
$456K
Pt IX · Ln 25
Net assets
$7.1M
Pt X · Ln 32
Total assetsPt II$7.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Skye Foundation INC C/O Nicholas Lloyd
EINHdr · item D46-2497843
Principal addressHdr · item CNew Haven, CT
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFJul 2014

Governance & Policies

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Megan Craig
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Skye Foundation INC C/O Nicholas Lloyd executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.89 Operating & administrative $0.11
Grants & contributions paid89%$404K
Operating & administrative11%$51K
Total functional expensesLn 25$456K

Balance Sheet

Part X · end of year
CashLn 1$169K
Total assetsLn 16$7.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$7.1M
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $7.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $-173K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $-173K
—
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $-173K · Prior year $-290K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $7.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-173K · Expenses $456K
—
Liabilities-to-Assets
Total liabilities — · Total assets $7.1M
—
Net-asset ratio
Net assets $7.1M · Total assets $7.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Megan Craig · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $456K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 40%——

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.

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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
FY2025 (Latest)$-173K revenue · viewing · ⤓ 990 PDF
FY2024$-290K revenue · ⤓ 990 PDF
FY2023$-270K revenue · ⤓ 990 PDF
FY2022$61K revenue · ⤓ 990 PDF
FY2021$198K revenue · ⤓ 990 PDF
FY2020$140K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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