Sweeney Family Foundation Charitable Tr
- Assets
- $694.5k
- Revenue
- $81.8k
- Investments
- $640.5k
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 26-6527053
Organization Overview
Sweeney Family Foundation Charitable Tr is located in Wayne, PA. The organization was established in 2010. 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. Sweeney Family Foundation Charitable Tr 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, Sweeney Family Foundation Charitable Tr generated $81.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $129.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sweeney Family Foundation Charitable Tr has awarded 22 individual grants totaling $835,090. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, VIA CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean S Sweeney Trustee | 5 | $0 | |
Caroline Sweeney Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $27,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,927 |
| Capital Gain Net Income | $58,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,506 |
| Total Revenue | $81,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $462 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $543 |
| Contributions, gifts, grants paid | $129,104 |
| Total expenses and disbursements | $129,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,993 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $694,489 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,844 |
| Total liabilities | $1,844 |
Grants Awarded
Over the last fiscal year, Sweeney Family Foundation Charitable Tr has awarded $129,104 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT MARGARET CASTELLO MATERNITY HOME PURPOSE: TO HELP SUPPORT EXPECTING MOTHERS IN ACTIVE CRISIS | $2,500 |
CRISTO REY PURPOSE: TO HELP SUPPORT FAMILIES ON WELFARE TO PROVIDE STUDENTS WITH A COLLEGE PREP EDUCATION | $85,000 |
COBBS CREEK FOUNDATION PURPOSE: TO HELP SUPPORT RENOVATION COSTS OF ORGANIZATION FACILITIES | $10,000 |
SAINT JOSEPH'S UNIVERSITY PURPOSE: TO HELP SUPPORT FUNDING OF FINANCIAL AID AND SCHOLARSHIPS | $25,000 |
PHILABUNDANCE PURPOSE: TO HELP SUPPORT THE DISTRIBUTION OF FOOD TO FAMILIES IN NEED | $500 |
LAKE DUNMORE FERN LAKE ASSOCIATION PURPOSE: TO HELP SUPPORT THE PROTECTION AND PRESERVATION OF RECREATIONAL FACILITIES | $5,000 |