Logo for "THE SKILLMAN FOUNDATION"

THE SKILLMAN FOUNDATION

THE SKILLMAN FOUNDATION

Detroit, MI, US
501(c)3
EIN
38-1675780
Open for Solicitation
Private Foundation
Regional Funder
Logo for "THE SKILLMAN FOUNDATION"

THE SKILLMAN FOUNDATION

Detroit, MI, US
501(c)3
EIN
38-1675780
Open for Solicitation
Private Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$418,504,721

Investments
96%
Cash & Equivalents
3%
Property, Plant, & Equipment (net)
<1%
Receivables (Non-Related)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)

$15,519,471

Grants Payable
61%
Other Liabilities
31%
Payables & Accruals
8%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$10,519,664
$12,947,172
+23%
Receivables (Non-Related)
$311,452
$330,592
+6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$390,986,428
$401,672,093
+3%
Property, Plant, & Equipment (net)
$3,522,393
$3,457,501
-2%
Other Assets
$878,600
$97,363
-89%
Total Assets
$406,218,537
$418,504,721
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,111,375
$1,298,255
+17%
Grants Payable
$5,276,720
$9,430,045
+79%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,896,213
$4,791,171
-2%
Total Liabilities
$11,284,308
$15,519,471
+38%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$394,934,229
$402,985,250
+2%
Net assets
2023
2024
Change
Net assets
+$394,934,229
+$402,985,250
+2%
Balance Sheet
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