Nonprofit · EIN 86-1572597
SKAS FOUNDATION INC
Tax-exempt · BROOKLYN, NY 11204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $12,135 | $499,667 | -$487,532 | $775,188 | $1,146 | $774,042 |
| December 31, 2023 | 990-PF | $56,534 | $629,482 | -$572,948 | $1,262,574 | $1,000 | $1,261,574 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $12,135
Expenses
- Grants and similar amounts paid
- $499,161
- Disbursements for charitable purposes
- $499,161
- Excise tax on investment income
- $169
Balance sheet and other
- Total assets, start of year
- $1,262,574
- Total assets, end of year
- $775,188
- Total liabilities, end of year
- $1,146
- Net assets, end of year
- $774,042
- Fair market value of assets
- $775,188
- Qualifying distributions
- $499,161
- Net investment income
- $12,135
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Schmiley Schick 1719 51ST STREET, BROOKLYN, NY 11204 | President | 0 | $0 |
| Sheila Schick 1719 51ST STREET, BROOKLYN, NY 11204 | Secretary | 0 | $0 |
| Aaron KAtz 2105 57 Street, Brooklyn, NY 11204 | Treasurer | 0 | $0 |
| Rivky Perl 2105 57 Street, Brooklyn, NY 11204 | Secretary | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Schmiley Schick 1632 61ST ST, BROOKLYN, NY 11204 | President | 0 | $0 |
| Sheila Schick 1632 61ST ST, BROOKLYN, NY 11204 | Secretary | 0 | $0 |
| Aaron KAtz 2105 57 Street, Brooklyn, NY 11204 | Treasurer | 0 | $0 |
| Rivky Perl 2105 57 Street, Brooklyn, NY 11204 | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2250 59TH ST APT 5, BROOKLYN, NY 11204-2546
- Signed the 990-PF
- Schmiley Schick, President
- Phone
- (347) 893-2128
- Return prepared by
- PHILLIP M STERN & CO
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 86-1572597
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X30)
- Assets (IRS master file)
- $775,188
- Income (IRS master file)
- $12,135
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $12,135 | $499,667 | $775,188 | XML |
| 990-PF | December 2023 | $56,534 | $629,482 | $1,262,574 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about SKAS FOUNDATION INC
- What is the EIN of SKAS FOUNDATION INC?
- The employer identification number (EIN) of SKAS FOUNDATION INC is 86-1572597.
- Is SKAS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SKAS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SKAS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SKAS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SKAS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of SKAS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SKAS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $12,135, expenses of $499,667 and total assets of $775,188 at year end.
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