Civic Intelligence

Sky Foundation Inc

990 • Fiscal year 2016 • EIN 73-1578930

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 20, 2016

Organization ProfileWWW.DSAOKC.ORG

View Organization Page

919 NW 23rd StreetOklahoma City, OK 73106

(405) 524-9762

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.52x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

49th percentile

0.24x

Higher debt load relative to revenue than 49% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

56th percentile

4.0%

Higher net margin than 56% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

54th percentile

2.6%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

3.8%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$6,074,233

Up $152,591 (+2.6%) from 2015

Net Assets

Up

$2,898,074

Up $529,789 (+22%) from 2015

Liabilities

Down

$3,176,159

Down $377,198 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin56th percentile

Revenue

Up

$13,249,246

Up $489,567 (+3.8%) from 2015

Expenses

Up

$12,719,457

Up $46,963 (+0.4%) from 2015

Net Income

Up

$529,789

Up $442,604 (+508%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,855,724Liabilities 2011: $2,590,106Net Assets 2011: $1,265,6182011Assets 2012: $4,332,307Liabilities 2012: $2,123,101Net Assets 2012: $2,209,2062012Assets 2013: $4,298,064Liabilities 2013: $1,730,973Net Assets 2013: $2,567,0912013Assets 2014: $3,938,541Liabilities 2014: $1,657,441Net Assets 2014: $2,281,1002014Assets 2015: $5,921,642Liabilities 2015: $3,553,357Net Assets 2015: $2,368,2852015Assets 2016: $6,074,233Liabilities 2016: $3,176,159Net Assets 2016: $2,898,0742016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2016

Assets$6,074,233
Liabilities$3,176,159
Net Assets$2,898,074
Open 2016 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $11,836,534Expenses 2011: $11,588,386Net Income 2011: $248,1482011Revenue 2012: $11,712,059Expenses 2012: $10,824,165Net Income 2012: $887,8942012Revenue 2013: $11,476,023Expenses 2013: $11,118,138Net Income 2013: $357,8852013Revenue 2014: $11,559,987Expenses 2014: $11,845,978Net Income 2014: -$285,9912014Revenue 2015: $12,759,679Expenses 2015: $12,672,494Net Income 2015: $87,1852015Revenue 2016: $13,249,246Expenses 2016: $12,719,457Net Income 2016: $529,7892016Revenue 2017: $5,134,172Expenses 2017: $5,426,038Net Income 2017: -$291,8662017

Highlighted filing

2016

Revenue$13,249,246
Expenses$12,719,457
Net Income$529,789
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 20, 2016
Return Version
2015v3.0
Gross Receipts
$13,249,246
Mission and Program Overview

Mission

Educational program to help youth fulfill their highest potential intellectually, socially, emotionally, and physically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,702,838$3,087,210▲ $384,372
Land, Buildings, and Equipment, Net$3,218,804$2,987,023▼ $231,781
Total Assets$5,921,642$6,074,233▲ $152,591
Liabilities
Other Liabilities$3,553,357$3,176,159▼ $377,198
Total Liabilities$3,553,357$3,176,159▼ $377,198
Net Assets / Fund Balance
Unrestricted Net Assets$2,368,285$2,898,074▲ $529,789
Total Net Assets Fund Balance$2,368,285$2,898,074▲ $529,789
Total Liabilities and Net Assets / Fund Balance$5,921,642$6,074,233▲ $152,591

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,125,528$2,288,611$3,414,139
Leasehold Improvements$1,429,900-$1,429,900
Equipment$431,595-$431,595
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Bilal ErturkPresident
Kanatbek SultanovDirector
Serkan OzturkDirector
Ugur OzsoyDirector
Umit AlpaslanSuperintendent
Revenue and Support

Revenue Composition

Contributions and Grants
$11,638,589
Program Service Revenue
$1,201,000
Investment Income
$10,045
Other Revenue
$399,612
All Other Contributions
$38,481
Change in Net Assets
$529,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,249,246
Total Revenue per Audited Statements
$13,249,246
Total Revenue per Form 990
$13,249,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,659,284
Other Expenses$5,060,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,195,243$976,036-$6,171,279
Occupancy$1,746,249$85,161-$1,831,410
Other Employee Benefits$799,869$124,636-$924,505
Payroll Taxes$396,141$73,493-$469,634
Fees for Services Other$390,795$47,446-$438,241
All Other Expenses$53,634$279,062-$332,696
Other Expenses$299,433$73,296-$299,433
Depreciation Depletion$231,781--$231,781
Interest$149,711--$149,711
Fees for Services Accounting$5,055$109,254-$114,309
Information Technology$96,584$1,057-$97,641
Pension Plan Contributions$82,581$11,285-$93,866
Insurance$37,463$48,576-$86,039
Conferences and Meetings$41,926$14,112-$56,038
Fees for Services Legal-$45,753-$45,753
Travel$29,460$10,718-$40,178
Office Expenses$214$32,252-$32,466
Advertising-$16,232-$16,232
Fees for Services Management-$7,740-$7,740
Total Functional Expenses$10,763,348$1,956,109$0$12,719,457

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,719,457
Total Expenses per Audited Statements$12,719,457
Total Expenses per Form 990$12,719,457
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Chase$2,347,486
Warrants Payable$706,512
Reserves$61,634
Activity Funds$60,527
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“AVAILABLE UPON REQUEST”

Conflict of interest policy compliance Part VI line 12C

“AVAILABLE UPON REQUEST”

Governing documents etc available to public Part VI line 19

“The governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Sky Foundation Inc
EIN
73-1578930
Address
919 NW 23RD STREET, OKLAHOMA CITY, OK 73106
Doing Business As
Dove Science Academy

Signing Officer

Name
Umit Alpaslan
Title
Director
Phone
4055249762
Signed
2016-12-20
Discuss with paid preparer
No

Organization Details

Formed
2000
Legal Domicile
Ok
Voting Board Members
4
Independent Board Members
4
Employees
240

Preparer

Firm
Jack H Jenkins CPA PC
Address
10026A S Mingo Rd 309, Tulsa, OK 74133
Preparer
Michael Kemper CPA
Phone
9183664440
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Reduction in accumulated depreciation for assets sold.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012719457
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES EDUCATION GRANTS FROM STATE AND FEDERAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REDUCTION IN ACCUMULATED DEPRECIATION FOR ASSETS SOLD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05921642
IRS990/TotalAssetsEOYAmt06074233
IRS990/TotalAssetsGrp/BOYAmt05921642
IRS990/TotalAssetsGrp/EOYAmt06074233
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011638589
IRS990/TotalEmployeeCnt0240
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01956109
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010763348
IRS990/TotalFunctionalExpensesGrp/TotalAmt012719457
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03553357
IRS990/TotalLiabilitiesEOYAmt03176159
IRS990/TotalLiabilitiesGrp/BOYAmt03553357
IRS990/TotalLiabilitiesGrp/EOYAmt03176159
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02368285
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02898074
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt010763348
IRS990/TotalProgramServiceRevenueAmt01201000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01610657
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013249246
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05921642
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06074233
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt010718
IRS990/TravelGrp/ProgramServicesAmt029460
IRS990/TravelGrp/TotalAmt040178
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02368285
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02898074
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.DSAOKC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0UMIT ALPASLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04055249762
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SKY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SKYF
ReturnHeader/Filer/EIN0731578930
ReturnHeader/Filer/USAddress/AddressLine1Txt0919 NW 23RD STREET
ReturnHeader/Filer/USAddress/CityNm0OKLAHOMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073106
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731514558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jack H Jenkins CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010026A S Mingo Rd 309
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074133
ReturnHeader/PreparerPersonGrp/PhoneNum09183664440
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Kemper CPA
ReturnHeader/ReturnTs02017-01-12T10:21:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,074,233
Liabilities
$3,176,159
Net assets
$2,898,074
Revenue
$13,249,246
Expenses
$12,719,457
Net income
$529,789
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$5.13$5.43$0.29
2016Detailed filing. Detailed filing data is available for this year.$6.07$3.18$2.90$13.2$12.7$0.53
2015Detailed filing. Detailed filing data is available for this year.$5.92$3.55$2.37$12.8$12.7$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.94$1.66$2.28$11.6$11.8$0.29
2013Summary only. Only limited summary data is available for this year.$4.30$1.73$2.57$11.5$11.1$0.36
2012Summary only. Only limited summary data is available for this year.$4.33$2.12$2.21$11.7$10.8$0.89
2011Summary only. Only limited summary data is available for this year.$3.86$2.59$1.27$11.8$11.6$0.25