SK2 Fund
Nonprofit profile at a glance
- EIN
- 273247230
- IRS 990-PF coverage
- 2010–2024
- Forms available
- Form 990-PF 2024
- Location
- Boise, ID, USA
- Phone
- 2086028923
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- International Development
Reported finances
- Revenue
- $1,571,854
- Expenses
- $1,744,100
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
International Development
What it reported funding in 2024
The foundation reported 19 grants totaling $195,000. The stated grant purposes included support women's reproductive health services, support lending to high impact sme social enterprise, and protect the west's most treasured natural landscapes and native wildlife, plus 15 other reported purposes.
Operating model
- Revenue model
- Mixed. The foundation's positive operating resources came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The foundation carried out 83% of its reported charitable disbursements directly.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 11
- Transparency: 100
- Compliance: 92
- Endowment Health: 96
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 84th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 11.2%; rating input score 11; 8th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 16 of 19 controls in place; rating input score 84
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Fail
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Fail
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Fail
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 10; rating input score 100
Endowment Health
- Endowment-health comparison: 125.79; rating input score 96; 96th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: At least 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 96th percentile for endowment coverage
- Consistency: 10 of 10 current checks pass
- Schedules: 1 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 35 filed money-flow records
- 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 — Cost Efficiency: Grant expense ratio scored 11/100.
- Review — Compliance: Part VII-B activity disclosures: 3 of 19 not reported.