SK FOUNDATION USA INC

EIN: 842344419 501(c)(3) Philanthropy & Grantmaking

CHATTANOOGA, TN

Total Revenue
$331,741
Total Expenses
$555,241
Total Assets
$9,619,392
Net Assets
$9,604,208
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TN
Principal Officer
DARLENE ANKERBERG
Phone
4237570274
Tax Period
2025-01-01 to 2025-12-31

SK FOUNDATION USA INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $332K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. Expenses of $555K exceeded revenue, resulting in a 67% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $520,330

THE MISSION OF SK FOUNDATION USA, INC. IS TO ADVANCE THE GOSPEL OF JESUS CHRIST THROUGH COMPASSIONATE MINISTRY, HUMANITARIAN OUTREACH, AND CHARITABLE SUPPORT BOTH IN THE UNITED STATES AND AROUND THE...

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THE MISSION OF SK FOUNDATION USA, INC. IS TO ADVANCE THE GOSPEL OF JESUS CHRIST THROUGH COMPASSIONATE MINISTRY, HUMANITARIAN OUTREACH, AND CHARITABLE SUPPORT BOTH IN THE UNITED STATES AND AROUND THE WORLD. THE FOUNDATION EXISTS TO STEWARD ITS RESOURCES FAITHFULLY FOR MINISTRY PURPOSES, TRAVEL EXPENSES RELATED TO CHARITABLE AND MINISTRY ACTIVITIES, AND INTIATIVES THAT BRING PHYSICAL, EMOTIONAL, AND SPIRITUAL CARE TO THOSE IN NEED.SK FOUNDATION USA, INC. IS COMMITTED TO CARING FOR THE NEEDY, SICK, POOR, WIDOWED, ELDERLY, AND ORPHANED, INCLUDING INDIVIDUALS AND COMMUNITIES OVERSEAS. THIS MISSION INCLUDES, BUT IS NOT LIMITED TO, SUPPORTING THE PURCHASE, CONSTRUCTION, MAINTENANCE, STAFFING, AND OPERATION OF HOSPITALS, PHARMACIES, ASSISTED LIVING AND RETIREMENT HOMES, AND CHILDREN'S HOMES; PURCHASING AND MAINTAINING AMBULANCES; AND PROVIDING WATER CENTERS, NUTRITIONAL PROGRAMS, PENSIONS FOR WIDOWS AND ORPHANS, AND DISASTER RELIEF EFFORTS.THE FOUNDATION ALSO SEEKS TO PROVIDE AID DURING TIMES OF CRISIS AND HUMANITARIAN EMERGENCY. A RECENT PRIMARY FOCUS INCLUDED HELPING ESTABLISH A HOSPITAL IN INDIA TO ASSIST WITH COVID-19 RELIEF EFFORTS THROUGH FUNDING FOR CONSTRUCTION, MEDICAL EQUIPMENT AND SUPPLIES, AMBULANCES, AND PHYSICIAN AND HOSPITAL STAFF SALARIES.THROUGH EVERY ENDEAVOR, SK FOUNDATION USA, INC. SEEKS TO DEMONSTRATE THE LOVE OF CHRIST BY SERVING VULNERABLE POPULATIONS WITH COMPASSION, DIGNITY, INTEGRITY, AND HOPE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $332,131
Other Revenue $-390
TOTAL REVENUE $331,741

Expense Breakdown

Grants Paid $520,000
Salaries & Benefits $0
Fundraising Expenses $19,533
Program Expenses $520,330
Other Expenses $35,241
TOTAL EXPENSES $555,241

Year-over-Year Comparison

2025 2024 Change
Revenue $331,741 $377,250 -0.1%
Expenses $555,241 $497,074 +0.1%
Net Income $-223,500 $-119,824 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JOHN ANKERBERG MEMBER 10.00
Director
$0 $0 $0
JEFFREY PALLANSCH MEMBER 5.00
Director
$0 $0 $0
DARLENE ANKERBERG CHAIRMAN OF THE BOARD 15.00
Officer Director
$0 $0 $0
SATISH KUMAR PRESIDENT/FOUNDER 10.00
Officer Director
$0 $0 $0
DEBBIE PARSONS SECRETARY 5.00
Officer Director
$0 $0 $0
GLORIA JOHNS MEMBER 5.00
Director
$0 $0 $0
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
2025 $331,741 $555,241 $9,619,392 $-223,500
2024 $377,250 $497,074 $9,842,892 $-119,824
2023 $5,298,338 $767,637 $9,962,716 $4,530,701
2022 $1,000 $1,383,768 $4,416,831 $-1,382,768
2021 $6,150,082 $350,526 $5,799,599 $5,799,556
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