Civic Intelligence

Skylab Foundation Inc.

990 • Fiscal year 2022 • EIN 87-4836875

Jan 01, 2022 to Dec 31, 2022 • Filed on May 03, 2023

Organization ProfileN/A
18 Beachmont TerraceCaldwell, NJ 07006

(201) 456-8627

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE P99 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE P99 • <$500k nonprofits • Source year 2022

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2022 filings • NTEE P99 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2022 filings • NTEE P99 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$200,000

Up $200,000 from 2021

Net Assets

Up

$200,000

Up $200,000 from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin100th percentile

Revenue

Up

$200,000

Up $200,000 from 2021

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$200,000

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$150K$100K$50K$0Assets 2021: $0Net Assets 2021: $02021Assets 2022: $200,000Liabilities 2022: $0Net Assets 2022: $200,0002022Assets 2023: $192,070Liabilities 2023: $0Net Assets 2023: $192,0702023Assets 2024: $136,025Liabilities 2024: $0Net Assets 2024: $136,0252024

Highlighted filing

2022

Assets$200,000
Liabilities$0
Net Assets$200,000
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KRevenue 2021: $02021Revenue 2022: $200,000Expenses 2022: $0Net Income 2022: $200,0002022Revenue 2023: $150,500Expenses 2023: $158,430Net Income 2023: -$7,9302023Revenue 2024: $4,016Expenses 2024: $60,061Net Income 2024: -$56,0452024

Highlighted filing

2022

Revenue$200,000
Expenses$0
Net Income$200,000
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 3, 2023
Return Version
2022v5.0
Gross Receipts
$200,000
Mission and Program Overview

Mission

charitable contribution to organization exempt under Sec 501(c)(3) of the Internal revenue code and other similar non profit oragnization overseas

charitable contribution to organization exempt under Sec 501(c)(3) and similar organization overseas

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$200,000-
Cap Stk Tr Prin Current Funds-$200,000-
Total Assets$0$200,000▲ $200,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$200,000▲ $200,000
Total Liabilities and Net Assets / Fund Balance$0$200,000▲ $200,000
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
NoneNone
Revenue and Support

Revenue Composition

Contributions and Grants
$200,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$200,000
Change in Net Assets
$200,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Skylab Foundation Inc
EIN
87-4836875
Phone
2014568627
Address
18 BEACHMONT TERRACE, CALDWELL, NJ 07006

Signing Officer

Name
Dinesh Goti
Title
Trustee
Phone
2014568627
Signed
2023-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dinesh Goti
Formed
2021
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Sheth Tax Inc
Address
780 Newark Ave Suite 202, Jersey City, NJ 07306
Preparer
Kunj Sheth CPA
Phone
2014201100
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Trustees are siblings”

Pt VI, Line 6

“All members are trustees”

Pt VI, Line 7A

“all Members have the power to elect or appoint”

Pt VI, Line 7B

“Matters must be approved by all members/trustees”

Pt VI, Line 8A

“Meetings are documented”

Pt VI, Line 8B

“no”

Pt VI, Line 11B

“discussed in a meeting with all trustee”

Pt VI, Line 12C

“review the books and records on a monthly basis”

Raw XML Appendix258 raw XML fields

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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ReturnHeader/TaxPeriodBeginDt02022-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,000
Liabilities
$0
Net assets
$200,000
Revenue
$200,000
Expenses
$0
Net income
$200,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.04$0.60$0.56
2023Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$1.51$1.58$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$2.00$0.00$2.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00