THE SKYLINE CHARITABLE FOUNDATION INC

EIN: 462141917 501(c)(3) Philanthropy & Grantmaking

LONG ISLAND CITY, NY

Total Revenue
$2,022,758
Total Expenses
$1,974,843
Total Assets
$117,886
Net Assets
$57,163
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
SHANA MCCORMICK
Phone
9294014681
Tax Period
2023-01-01 to 2023-12-31

THE SKYLINE CHARITABLE FOUNDATION INC, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,628,898
Program Service Revenue $69,694
Investment Income $0
Other Revenue $324,166
TOTAL REVENUE $2,022,758

Expense Breakdown

Grants Paid $155,708
Salaries & Benefits $461,638
Fundraising Expenses $0
Program Expenses $1,903,674
Other Expenses $1,357,497
TOTAL EXPENSES $1,974,843

Year-over-Year Comparison

2023 2022 Change
Revenue $2,022,758 $2,377,965 -0.1%
Expenses $1,974,843 $2,401,091 -0.2%
Net Income $47,915 $-23,126 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
22
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$128,499
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN KALAFATIS FOUNDER & VICE PRESIDENT 2.00
Director
$0 $0 $0
TONY HILLERY BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID NIDUS BOARD MEMBER 2.00
Director
$0 $0 $0
RYGO FOSS BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHAN ANDREATOS BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN PANTANELLI PRESIDENT 2.00
Director
$0 $0 $0
SHANA MCCORMICK EXECUTIVE DIRECTOR 40.00
Officer
$94,685 $33,814 $128,499
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,022,758 $1,974,843 $117,886 $47,915
2022 $2,377,965 $2,401,091 $65,457 $-23,126
2021 $4,361,183 $4,400,129 $105,458 $-38,946
2020 $3,554,645 $3,502,916 $110,424 $51,729
2019 $206,899 $198,583 $9,591 $8,316
2018 $207,253 $214,661 $1,275 $-7,408
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