Swarthmore Centennial Foundation
- Assets
- $1.8m
- Revenue
- $221.7k
- Investments
- $25.0k
- Employees
- 0
- Location
- Swarthmore, PA
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 23-2706052
Organization Overview
Swarthmore Centennial Foundation is located in Swarthmore, PA. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swarthmore Centennial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Swarthmore Centennial Foundation generated $221.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $220.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE BETTERMENT OF SWARTHMORE, THE IMPROVEMENT OF THE COMMUNITY, ITS CHILDREN, AND ITS CITIZENS NOW AND IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO COMMUNITY ACTIVITIES FOR THE IMPROVEMENT AND DEVELOPMENT OF THE BOROUGH OF SWARTHMORE - PRIMARILY LANDSCAPING PROJECTS THROUGHOUT THE BOROUGH.
SCHOLARSHIPS AND AWARDS: EDMUND JONES SCHOLARSHIP WAS AWARDED TO FOUR ELIGIBLE YOUNG MEN AND WOMEN. A "SHINE A LIGHT AWARD" WAS AWARDED TO ONE INDIVIDUAL.
PROVIDED GRANTS TO SWARTHMORE COLLEGE AND SWARTHMORE COMMUNITY CENTER. SWARTHMORE COLLEGE GRANT WAS FOR 20,000 AND WAS TO BE USED FOR THE PRESERVATION OF SWARTHMORE BOROUGH'S HISTORIC ARCHIVES. THE SWARTHMORE COMMUNITY CENTER GRANT IS FOR VARIOUS IMPROVEMENT PROJECTS. A TOTAL OF 75,000 WAS ISSUED IN 2021 AND AND ADDITIONAL 185,000 IS SCHEDULED TO BE PAID IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Brown Vice Chairma | OfficerTrustee | $0 | |
Richard Cresson Treasurer | OfficerTrustee | 5 | $0 |
Katie Mckinstry Chairwoman | OfficerTrustee | 5 | $0 |
A Monica Kruze Secretary | OfficerTrustee | 2 | $0 |
Robert C Dawes Trustee | Trustee | $0 | |
Maurice G Eldridge Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,565 |
| Noncash contributions included in lines 1a–1f | $25,203 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,765 |
| Total Program Service Revenue | $0 |
| Investment income | $35,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $135,846 |
| Net Income from Fundraising Events | $2,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,687 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $8,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $187 |
| Office expenses | $2,105 |
| Information technology | $9,426 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,687 |
| All other expenses | $15 |
| Total functional expenses | $220,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,567,651 |
| Investments—other securities | $25,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,808,932 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,768,932 |
| Net assets with donor restrictions | $40,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,808,932 |
Grants Awarded
Over the last fiscal year, Swarthmore Centennial Foundation has awarded $120,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Swarthmore, PA | | $75,000 |
Swarthmore, PA | | $25,000 |
Swarthmore, PA | | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Swarthmore Centennial Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Elder Family Foundation Swarthmore, PA PURPOSE: GENERAL OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |