The Skyline Charitable Foundation Inc

Overview

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.

What it reported doing in 2024

Rap4bronx collects and donates food meals, groceries, and essential supplies to help frontline workers, families, seniors and vulnerable residents in the bronx, ny area. Rap4bronx works with food pantries, senior citizen homes, and other non-profits to help alleviate the stress for community members who find themselves at the intersection of being most vulnerable to the covid-19 and most impacted by inequity. Since the program's inception, the volunteers and program coordinator of rap4bronx have delivered over one million meals to bronx residents in need.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
462141917
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Long Island City, NY, USA
Phone
9294014681
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$2,383,015
Expenses
$2,411,268
Assets
$405,051
Liabilities
$376,141

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 64
  • Accountability: 79
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.8%; rating input score 96
  • Program expense ratio: 94.7%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 55.6%; rating input score 56; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.2%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.93; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: 22.3% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 22.7% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 41.1% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 95.8% of revenue deployed · 94.7% of spending went to programs
  • Governance: 8 of 8 board members independent · 4 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.3M in reported program spending
  • Leadership: top reported pay $131K · 5 people listed
  • Consistency: 37 of 39 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 7 annual filings from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • Review — Transparency & Controls: Grant itemization coverage scored 56/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 50/100.

Leadership & pay

5 people listed

Highest reported compensation

  • SHANA MCCORMICK (EXECUTIVE DIRECTOR): $130,735 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024.