Skylight Foundation Inc

Wilmington, DE
Tax-exempt since May 2016
EIN: 20-4281816

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Revenue

$879k (2023)

Expenses

$2.35M (2023)

Total Assets

$20.5M (2023)

Total Liabilities

$4.83M (2023)

Years with missing data

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2023

Revenue

$878,522

Expenses

$2,351,847

Net Income

-$1,473,325

Net Assets

$15,656,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,050	1.4%
Dividends	$346,269	39.4%
Sales of Assets	$541,898	61.7%
Other Income	-$21,695

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,996,826	84.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,483,325
Total Liabilities	$4,826,666
Net Assets	$15,656,659

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on April 16, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2022

Revenue

$10,982,237

Expenses

$897,773

Net Income

$10,084,464

Net Assets

$17,129,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$450,000	4.1%
Interest Revenue	$164	0.0%
Dividends	$235,424	2.1%
Sales of Assets	$10,065,134	91.6%
Other Income	$231,515	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,909	5.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,686,328
Total Liabilities	$3,556,344
Net Assets	$17,129,984

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mc Fadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on April 18, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending May
2021

Revenue

$608,809

Expenses

$442,455

Net Income

$166,354

Net Assets

$7,045,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,000	4.9%
Interest Revenue	$69	0.0%
Dividends	$199,877	32.8%
Sales of Assets	-$39,932
Other Income	$418,795	68.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,815	0.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,173,298
Total Liabilities	$4,127,778
Net Assets	$7,045,520

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on April 18, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending May
2020

Revenue

$1,645,618

Expenses

$798,384

Net Income

$847,234

Net Assets

$6,879,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$307	0.0%
Dividends	$153,541	9.3%
Sales of Assets	$911,694	55.4%
Other Income	$580,076	35.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,037	15.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,907,194
Total Liabilities	$3,028,028
Net Assets	$6,879,166

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on April 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2019

Revenue

$2,010,292

Expenses

$690,155

Net Income

$1,320,137

Net Assets

$6,031,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,197,787	59.6%
Interest Revenue	$2,152	0.1%
Dividends	$138,295	6.9%
Sales of Assets	$578,243	28.8%
Other Income	$93,815	4.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,000	13.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,852,887
Total Liabilities	$2,820,955
Net Assets	$6,031,932

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on April 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2018

Revenue

$192,408

Expenses

$736,918

Net Income

-$544,510

Net Assets

$4,711,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$167	0.1%
Dividends	$86,557	45.0%
Sales of Assets	$80,145	41.7%
Other Income	$25,539	13.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$270,000	36.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,570,204
Total Liabilities	$2,858,409
Net Assets	$4,711,795

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on March 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2017

Revenue

$286,560

Expenses

$766,859

Net Income

-$480,299

Net Assets

$5,256,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,500	3.0%
Interest Revenue	$24	0.0%
Dividends	$74,362	25.9%
Sales of Assets	$177,469	61.9%
Other Income	$26,205	9.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$295,391	38.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,750,406
Total Liabilities	$2,494,101
Net Assets	$5,256,305

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on March 22, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2015

Revenue

-$63,574

Expenses

$123,474

Net Income

-$187,048

Net Assets

$3,276,541

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$29,254
Interest Revenue	$4,130
Dividends	$146,498
Sales of Assets	-$243,456
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	16.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,012,292
Total Liabilities	$1,735,751
Net Assets	$3,276,541

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on March 21, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2014

Revenue

$1,379,064

Expenses

$261,458

Net Income

$1,117,606

Net Assets

$3,463,589

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,300,902	94.3%
Interest Revenue	$15	0.0%
Dividends	$141,232	10.2%
Sales of Assets	-$22,263
Other Income	-$40,822

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$198,500	75.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,992,620
Total Liabilities	$1,529,031
Net Assets	$3,463,589

Compensation

Key Employees and Officers	Compensation	Other
Lisa D Kabnick (President)	$0	$0
John H Mcfadden (Chair/Sec/Treas)	$0	$0

990-PF

Filed on April 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2013

Revenue

$208,515

Expenses

$148,613

Net Income

$59,902

Net Assets

$2,345,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$169,986	81.5%
Sales of Assets	$0
Other Income	$45,515	21.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,000	74.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,696,145
Total Liabilities	$350,162
Net Assets	$2,345,983

990-PF

Filed on May 1, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2012

Revenue

$444,278

Expenses

$26,378

Net Income

$417,900

Net Assets

$2,286,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$227,160	51.1%
Interest Revenue	$9	0.0%
Dividends	$146,618	33.0%
Sales of Assets	$52,576	11.8%
Other Income	$17,915	4.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,601,813
Total Liabilities	$315,732
Net Assets	$2,286,081

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Skylight Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $879k (2023)

Expenses $2.35M (2023)

Total Assets $20.5M (2023)

Total Liabilities $4.83M (2023)

Tax Filings by Year

Fiscal Year Ending May 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending May 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending May 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2011

Revenue

$879k (2023)

Expenses

$2.35M (2023)

Total Assets

$20.5M (2023)

Total Liabilities

$4.83M (2023)

Fiscal Year Ending May
2023

Fiscal Year Ending May
2022

Fiscal Year Ending May
2021

Fiscal Year Ending May
2020

Fiscal Year Ending May
2019

Fiscal Year Ending May
2018

Fiscal Year Ending May
2017

Fiscal Year Ending May
2016

Fiscal Year Ending May
2015

Fiscal Year Ending May
2014

Fiscal Year Ending May
2013

Fiscal Year Ending May
2012

Fiscal Year Ending May
2011

Fiscal Year Ending May
2010

Fiscal Year Ending May
2009

Fiscal Year Ending May
2008

Fiscal Year Ending May
2007