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THE SKY IS THE LIMIT, INC.

Company Details

Name: THE SKY IS THE LIMIT, INC.
Jurisdiction: New York
Legal type: DOMESTIC NOT-FOR-PROFIT CORPORATION
Status: Active
Date of registration: 30 Apr 2015 (10 years ago)
Entity Number: 4751058
ZIP code: 11212
County: Kings
Place of Formation: New York
Address: 1548 EAST NEW YORK AVENUE, APT. #6C, BROOKLYN, NY, United States, 11212

DOS Process Agent

Name Role Address
THE CORPORATION DOS Process Agent 1548 EAST NEW YORK AVENUE, APT. #6C, BROOKLYN, NY, United States, 11212

Filings

Filing Number Date Filed Type Effective Date
150430000380 2015-04-30 CERTIFICATE OF INCORPORATION 2015-04-30

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
47-3885269 Corporation Unconditional Exemption 1548 EAST NEW YORK AVENUE, BROOKLYN, NY, 11212-6862 2017-08
In Care of Name % SONYA COLEY
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-04
Asset 0
Income 0
Filing Requirement 990 - Required to file Form 990-N - Income less than $50,000 per year
PF Filing Requirement No 990-PF return
Accounting Period Apr
Asset Amount 0
Income Amount 0
Form 990 Revenue Amount 0
National Taxonomy of Exempt Entities Human Services: Human Service Organizations
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_47-3885269_THESKYISTHELIMITINC_04082017.tif

Form 990-N (e-Postcard)

Organization Name THE SKY IS THE LIMIT INC
EIN 47-3885269
Tax Year 2022
Beginning of tax period 2022-05-01
End of tax period 2023-04-30
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 1548 East New York Avenue, brooklyn, NY, 11212, US
Principal Officer's Name Sonya Coley
Principal Officer's Address 1548 East New York Ave apt 6c, Brooklyn, NY, 11212, US
Organization Name THE SKY IS THE LIMIT INC
EIN 47-3885269
Tax Year 2021
Beginning of tax period 2021-05-01
End of tax period 2022-04-30
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 1548 East New York Avenue APT 6C, BROOKLYN, NY, 11212, US
Principal Officer's Name Sonya Coley
Principal Officer's Address 1548 East New York Avenue Apt 6c, Brooklyn, NY, 11212, US
Organization Name THE SKY IS THE LIMIT INC
EIN 47-3885269
Tax Year 2020
Beginning of tax period 2020-05-01
End of tax period 2021-04-30
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 1548 east new york avenue, brooklyn, NY, 11212, US
Principal Officer's Address 1548 east new york avenue, brooklyn, NY, 11212, US
Website URL info@skyisthelimitinc.org
Organization Name THE SKY IS THE LIMIT INC
EIN 47-3885269
Tax Year 2019
Beginning of tax period 2019-05-01
End of tax period 2020-04-30
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 1548 E New York Ave Apt 6C, Brooklyn, NY, 11212, US
Principal Officer's Name Sonya Coley
Principal Officer's Address 1548 E New York Ave Apt 6C, Brooklyn, NY, 11212, US
Organization Name THE SKY IS THE LIMIT INC
EIN 47-3885269
Tax Year 2018
Beginning of tax period 2018-05-01
End of tax period 2019-04-30
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 1548 EAST NEW YORK AVE APT 6C, BROOKLYN, NY, 11212, US
Principal Officer's Name Sonya Coley
Principal Officer's Address 1548 EAST NEW YORK AVE APT 6C, BROOKLYN, NY, 11212, US
Organization Name THE SKY IS THE LIMIT INC
EIN 47-3885269
Tax Year 2017
Beginning of tax period 2017-05-01
End of tax period 2018-04-30
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 1548 east new york avenue 6c, brooklyn, NY, 11212, US
Principal Officer's Name sonya m
Principal Officer's Address 1548 east new york avenue 6c, brooklyn, NY, 11212, US
Organization Name THE SKY IS THE LIMIT INC
EIN 47-3885269
Tax Year 2016
Beginning of tax period 2016-05-01
End of tax period 2017-04-30
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 1548 East New York Avenue 6C, Brooklyn, NY, 11212, US
Principal Officer's Name Sonya Coley
Principal Officer's Address 1548 East New York Avenue 6C, Brooklyn, NY, 11212, US

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1387998602 2021-03-13 0202 PPS 1548 E New York Ave Apt 6C, Brooklyn, NY, 11212-6839
Loan Status Date 2022-02-18
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 27500
Loan Approval Amount (current) 27500
Undisbursed Amount 0
Franchise Name -
Lender Location ID 529471
Servicing Lender Name Itria Ventures LLC
Servicing Lender Address One Penn Plaza, Suite 4530, New York, NY, 10119
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Brooklyn, KINGS, NY, 11212-6839
Project Congressional District NY-08
Number of Employees 2
NAICS code 611710
Borrower Race Black or African American
Borrower Ethnicity Not Hispanic or Latino
Business Type Non-Profit Organization
Originating Lender ID 529471
Originating Lender Name Itria Ventures LLC
Originating Lender Address New York, NY
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount 27713.12
Forgiveness Paid Date 2022-01-11
9088047904 2020-06-19 0202 PPP 1548 EAST NEW YORK AVENUE SUITE 6C, BROOKLYN, NY, 11212-6833
Loan Status Date 2022-07-15
Loan Status Charged Off
Loan Maturity in Months 22
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 27500
Loan Approval Amount (current) 27500
Undisbursed Amount 0
Franchise Name -
Lender Location ID 122043
Servicing Lender Name WebBank
Servicing Lender Address 215 S State St, Ste 1000, SALT LAKE CITY, UT, 84111-2336
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address BROOKLYN, KINGS, NY, 11212-6833
Project Congressional District NY-08
Number of Employees 2
NAICS code 611710
Borrower Race Black or African American
Borrower Ethnicity Not Hispanic or Latino
Business Type Non-Profit Organization
Originating Lender ID 122043
Originating Lender Name WebBank
Originating Lender Address SALT LAKE CITY, UT
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount -
Forgiveness Paid Date -

Date of last update: 25 Mar 2025

Sources: New York Secretary of State