Swirls Around The World Inc
- Assets
- $39.5k
- Revenue
- $59.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Danvers, MA
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 30-1178694
Organization Overview
Swirls Around The World Inc is located in Danvers, MA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Swirls Around The World Inc 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 12/2022, Swirls Around The World Inc generated $59.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 50.6% each year . All expenses for the organization totaled $34.2k during the year ending 12/2022. While expenses have increased by 41.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES POST-SECONDARY EDUCATION SCHOLARSHIPS TO GRADUATING SENIORS
THE ORGANIZATION PROVIDES SUPPORT TO CHILDREN AND YOUNG ADULTS BATTLING EWING'S SARCOMA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda M Spezzaferri President | 1.5 | $0 | |
Richard Spezzaferri Treasurer | 0.5 | $0 | |
Diane T Caruso VP | 1.5 | $0 | |
Barbara Ann Cirelli Secretary | 0.5 | $0 | |
Jennifer Caruso Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,803 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,145 |
| Total operating and administrative expenses | $29,895 |
| Contributions, gifts, grants paid | $4,260 |
| Total expenses and disbursements | $34,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,517 |
| 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 | $39,517 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Swirls Around The World Inc has awarded $4,260 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LAUREL BAXTER PURPOSE: POST-SECONDARYSCHOLARSHIP | $1,000 |
EMILY FINNEGAN PURPOSE: POST-SECONDARYSCHOLARSHIP | $1,000 |
KIERA M LAPPIN PURPOSE: POST-SECONDARY SCHOLARSHIP | $1,000 |
MGH PURPOSE: GENERAL SUPPORT | $250 |
PAYTON ALEXANDER FOUNDATION INC PURPOSE: GENERAL SUPPORT | $150 |
ARMS WIDE OPEN CHILDHOOD CANCER FOUNDATION PURPOSE: GENERAL SUPPORT | $525 |