2025-05-29T11:45:02-05:00 2024-12-31 621547043 BARTO HOSS & COMPANY PC 5751 UPTAIN ROAD SUITE 100 CHATTANOOGA TN 374114077 990 2024-01-01 842344419 SK FOUNDATION USA INC SKFO 4237570274 PO BOX 8204 CHATTANOOGA TN 374140204 DARLENE ANKERBERG CHAIRMAN OF THE BOARD 4238927722 2025-05-29 1 1 MICHAEL A BARTO P00024743 4238550700 2024 2025-03-06 01:10:19Z DARLENE ANKERBERG 6928 LEE HIGHWAY CHATTANOOGA TN 37421 424318 0 X N/A X 2019 TN SK FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR MINISTRY AND RELATED WORK PROVIDED BY OTHERS ABROAD. THE FOUNDATION ADOPTS THESE PRINCIPLES AND GUIDELINES TO ASSIST IT TO EXERCISE NECESSARY CONTROL OVER SUPPORT PROVIDED FOR SUCH WORK. 5 5 0 0 0 0 5000000 0 0 0 297304 367818 1034 9432 5298338 377250 705200 430000 0 0 0 0 0 0 20320 62437 67074 767637 497074 4530701 -119824 9962716 9842892 15184 15184 9947532 9827708 SK FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR HUMANITARIAN AID AND RELATED WORK PROVIDED BY OTHERS ABROAD. THE FOUNDATION ADOPTS THESE PRINCIPLES AND GUIDELINES TO ASSIST IT TO EXERCISE NECESSARY CONTROL OVER SUPPORT PROVIDED FOR SUCH WORK. 0 0 430854 430000 THE FOUNDATION PROVIDES FUNDING TO SUPPORT HUMANITARIAN SERVICES TO CARE FOR THE NEEDY, SICK, POOR, WIDOWED, AND/OR ELDERLY PERSONS, INCLUDING THOSE OVERSEAS, WHICH INCLUDES, BUT IS NOT LIMITED TO, PURCHASING PROPERTY, BUILDING, MAINTAINING, AND STAFFING HOSPITALS, PHARMACIES, ASSISTED LIVING RETIREMENT HOMES, AND CHILDREN'S HOMES; PURCHASING AND MAINTAINING AMBULANCES; AND PROVIDING WATER CENTERS, NUTRITION, PENSION FOR WIDOWS AND ORPHANS, AND DISASTER RELIEF. THE CURRENT YEAR PRIMARY FOCUS WAS TO AID IN ESTABLISHING A HOSPITAL IN INDIA THAT WOULD AID IN THE COVID RELIEF EFFORTS. THE GRANT PROVIDED FUNDS FOR THE HOSPITAL'S CONSTRUCTION, PURCHASE OF MEDICAL EQUIPMENT AND SUPPLIES, AMBULANCES, AND PHYSICIAN AND HOSPITAL STAFF SALARIES. 430854 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 TN X DARLENE ANKERBERG 4238927722 6928 LEE HIGHWAY CHATTANOOGA TN 37421 X DR JOHN ANKERBERG MEMBER 10.00 X 0 0 0 JEFFREY PALLANSCH MEMBER 5.00 X 0 0 0 DARLENE ANKERBERG CHAIRMAN OF THE BOARD 15.00 X X 0 0 0 SATISH KUMAR PRESIDENT/FOUNDER 10.00 X X 0 0 0 DEBBIE PARSONS SECRETARY 5.00 X X 0 0 0 0 0 0 0 0 0 0 0 367818 367818 56500 47068 9432 9432 9432 377250 367818 0 9432 430000 430000 2060 2060 28776 20 28756 834 834 256 256 27584 7264 20320 3087 3087 4477 4477 497074 430854 45900 20320 417652 250809 8616614 8690869 944338 43124 928450 901214 9962716 9842892 15184 15184 15184 15184 X 4947532 4827708 5000000 5000000 9947532 9827708 9962716 9842892 -119824 0 X X 0 0 0 X 6150082 1000 5000000 0 11151082 6150082 1000 5000000 11151082 11151082 11151082 1.00000 X 195342 195342 748996 43124 705872 901214 PART XII, LINE 2 THE FOUNDATION IS A NONPROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. AS SUCH, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESS, IF ANY. TAX POSITIONS THAT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. AS OF DECEMBER 31, 2024, THE FOUNDATION HAS NOT RECOGNIZED LIABILITIES FOR UNCERTAIN TAX POSITIONS OR ASSOCIATED INTEREST AND PENALTIES. 1 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 1 GRANTS 430000 0 1 0 0 0 1 430000 0 430000 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, THE PRIMARY FOCUS FOR 2024 WAS TO AID IN ESTABLISHING A HOSPITAL IN INDIA. THE GRANT PROVIDED FUNDS FOR THE HOSPITAL'S CONSTRUCTION, PURCHASE OF MEDICAL EQUIPMENT AND SUPPLIES, AMBULANCES, AND PHYSICIAN AND HOSPITAL STAFF SALARIES. 430000 ELECTRONIC TRANSFERS 0 0 0 0 0 0 0 PART I, LINE 2: AS GENERAL PRINCIPLES GUIDING THE PROVISION OF SUPPORT ABROAD, THE FOUNDATION BOARD OF DIRECTOTS WILL: APPROVE AN ANNUAL BUDGET THAT INCLUDES AUTHORIZED LIMITS ON SUPPORT TO BE PROVIDED TO ORGANIZATIONS ABROAD; REVIEW AND MONITOR USES OF SUPPORT BY RECIPIENTS TO INSURE GOOD FAITH EFFORS TO OPERATE IN ACCORDANCE WITH THESE PRINCIPLES AND GUIDELINES AND/OR SOUND OPERATING PRINCIPLES WHERE UNIQUE ENVIRONMENTAL CONCERNS ARE PRESENTED; AS PRACTICAL, CONSULT AND BE GUIDED BY THE U.S. DEPARTMENT OF THE TREASURY ANTI-TERRORIST FINANCING GUIDELINES: VOLUNTARY BEST PRACTICES FOR U.S. BASED CHARITIES AS SAME MAY BE AMENDED OR SUPERSEDED (THE "BEST PRACTICES"); ACCURATELY RECORD TRANSACTIONS INVOLVING THE PROVISION OF SUPPORT AND MAINTAIN RECORDS RELATING TO SAME FOR TEN (10) YEARS; PERIODICALLY REVIEW AND MODIFY/UPDATE THESE PRINCIPLES AND GUIDELINES; AND PROMPTLY ENFORCE GRANT AGREEMNT RIGHTS, WHEN APPLICABLE, AND/OR WHERE POSSIBLE TAKE OTHER CURATIVE ACTIONS WHERE RECIPIENTS OF SUPPORT FAIL TO (I) REPORT ON ACTIVITIES OR COOPERATE WITH REQUESTS, OR (II) SATISFY APPLICABLE TERMS OR OTHERWISE USE SUPPORT CONSISTENT WITH APPROVED, INTENDED USES. X 0 1 0 0 0 0 0 0 0 0 0 PART I, LINE 1A DARLENE J ANKERBERG USED CHARTER JET TRAVEL SERVICES IN THE PERFORMANCE OF THEIR FOUNDATION DUTIES. FORM 990, PART VI, SECTION A, LINE 2 JOHN ANKERBERG AND DARLENE ANKERBERG ARE HUSBAND AND WIFE. JEFFREY PALLANSCH IS A NEPHEW OF JOHN ANKERBERG AND DARLENE ANKERBERG. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C DUTY TO DISCLOSE - IN CONNECTION WITH ANY ACTUAL OR POSSIBLE TRANSACTION WHERE THERE IS A FINANCIAL INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR RELEVANT COMMITTEE. RECUSAL OF SELF - ANY DIRECTOR, OFFICER OR COMMITTEE MEMBER WHO HAS A FINANCIAL INTEREST WILL RECUSE HIMSELF OR HERSELF FROM FURTHER INVOLVEMENT IN ANY DISCUSSION RELATING TO A TRANSACTION WHERE HE/SHE HAS A FINANCIAL INTEREST OR IN WHICH HE/SHE BELIEVES HE/SHE HAS OR MAY HAVE A CONFLICT OF INTEREST, AND NOT PARTICIPATE IN THE PROCESS FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS - THE REMAINING UNINTERESTED MEMBERS OF THE BOARD OR COMMITTEE SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS AND, IF SO, WHETHER THE CONFLICT MAY NONETHELESS BE ADDRESSED. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: THE UNINTERESTED MEMBERS SHALL FIRST EXAMINE THE FACTS AND DETERMINE IF A CONFLICT EXISTS. THE DETERMINATION SHALL BE DOCUMENTED AS APPROPRIATE. IF A CONFLICT IS IDENTIFIED AFTER EXERCISING DUE DILIGENCE, THE REMAINING UNINTERESTED BOARD OR COMMITTEE MEMBERS SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE UNINTERESTED REMAINING BOARD OR COMMITTEE MEMBERS SHALL DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. NOTWITHSTANDING THE FOREGOING, A VOTING MEMBER OF THE BOARD OR ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE FOUNDATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. RECORD OF PROCEEDINGS THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. ANNUAL STATEMENTS EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS, SHALL ANNUALLY COMPLETE AND SIGN A STATEMENT SUBSTANTIALLY IN THE FORM ATTACHED ("ANNUAL STATEMENT") (AS MODIFIED FROM TIME TO TIME). IF AT ANY TIME DURING THE YEAR, THE INFORMATION IN THE ANNUAL STATEMENT CHANGES MATERIALLY, THE DIRECTOR, OFFICER OR COMMITTEE MEMBER SHALL DISCLOSE SUCH CHANGES TO THE CHAIR OF THE BOARD. CHANGES WILL BE NOTED ON THE DISCLOSURE FORM AS APPROPRIATE. THE BOARD SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT. PERIODIC REVIEWS TO ENSURE THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES, PERIODIC REVIEWS SHALL BE CONDUCTED TO ENSURE COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. PART XII, LINE 1 THE ORGANIZATION CHANGED FROM THE CASH TO ACCRUAL METHOD FOR 2023.