The Skirball Foundation

Nonprofit profile at a glance

EIN
346517957
IRS 990-PF coverage
2013–2013
Forms available
Form 990-PF 2013
Location
New York, NY, USA
Phone
2128328500
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$-9,860
Expenses
$17,718,217

Source: IRS Form 990-PF. Selected filing: tax year 2013. Amounts in USD.

Overview

Mission

Single Organization Support

What it reported funding in 2013

The foundation reported 96 grants totaling $15,186,499. The stated grant purposes included an unrestricted grant to further the organizations exempt purpose., reversal of prior year accrual, and an unrestricted grant to further the organizations exempt purpose. the distribution consists of cash in the amount of 5,628,232 and non-cash that consisted of the following: 1) 3 shares of berkshire hathaway shares distributed on may 22,2013 with a fmv of 507,119.17 2) 8802.999 shares of the sequoia fun inc distributed on may 29,2013 with a fmv of 1,739,648.66..

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 89% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

MIXED - The filing identifies who received its grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: NotEnoughData
  • Cost Efficiency: 86
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 1

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: Limited

Cost Efficiency

  • Grant expense ratio: 85.7%; rating input score 86; 60th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • 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: Pass
    • 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: Pass
    • 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: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 1; rating input score 1; 1st 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
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 1th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Contacts: How to reach this organization
  • Money network: 105 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 — Endowment Health: Endowment-health comparison scored 1/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.