Harry & Jan Sweere Foundation
- Assets
- $64.5m
- Revenue
- $4.2m
- Investments
- $64.1m
- Employees
- 0
- Location
- Lakeville, MN
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 30-6538381
Organization Overview
Harry & Jan Sweere Foundation is located in Lakeville, MN. 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. Harry & Jan Sweere 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 12/2022, Harry & Jan Sweere Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $7.4m during the year ending 12/2022. While expenses have increased by 20.7% 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.
Since 2014, Harry & Jan Sweere Foundation has awarded 202 individual grants totaling $20,946,519. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS CHRISTIAN EDUCATION & CONSERVATIVE SOCIAL VALUES OF ITS SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
THE FOUNDATION'S PURPOSE IS ESTABLISHING, MAINTAINING, ENDOWING AND CARRYING ON IN THE GENERAL COMMUNITIES OF MINNEAPOLIS AND ST. PAUL, MINNESOTA, PROGRAMS FOR DEVELOPMENT OF SPECIAL GIVING FOR BENEVOLENCES AND MISSION PROGRAMS LOCALLY AND ACROSS THE UNITED STATES FOR THE FOLLOWING SUPPORTED ORGANIZATIONS: FRANCISCAN BROTHERS OF PEACE, INC.; PEOPLE OF PRAISE MINNESOTA, INC.; CHRISTIANS IN COMMERCE, INC., AND OTHER AUXILIARY ORGANIZATIONS AFFILIATED WITH SUCH SUPPORTED ORGANIZATIONS. IN ADDITION, THE FOUNDATION WILL AID, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF CAREFULLY SELECTED SCHOOLS AND COLLEGES, CHURCHES AND CHURCH SPONSORED ORGANIZATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE, AND ARE DESCRIBED IN SECTIONS 170(C)(2) AND 501(C)(3) OF THE CODE, THAT EMBRACE THE CATHOLIC FAITH IN THEIR TRADITIONS AND PRACTICES, PROVIDING EDUCATIONAL TRAINING AND ASSISTANCE AND RELIEF FOR HUMAN SUFFERING IN MINNESOTA, THROUGHOUT THE UNITED STATES AND AROUND THE WORLD, ALL OF WHICH ARE COLLECTIVELY REFERRED TO AS THE "CLASS SUPPORTED ORGANIZATIONS". THE FOUNDATION FOSTERS CHRISTIAN LIFESTYLES, EDUCATION, AND CONSERVATIVE SOCIAL VALUES AMONG YOUNG ADULTS THROUGH THE DISTRIBUTIONS TO ITS SUPPORTED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Sweere President/exec Dir/treasurer/secretary | 40 | $80,000 | |
Char Nelson Chairperson | 0.1 | $0 | |
James Sweere Vice Chair | 0.1 | $0 | |
Mark Sweere Director | 0.1 | $0 | |
Carol Hager Director | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oxford Trust Company | 12/30/21 | $302,421 |
Eide Bailly Llp | 12/30/21 | $60,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $1,090,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,250,957 |
| Capital Gain Net Income | $2,256,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $846,543 |
| Total Revenue | $4,187,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,000 |
| Interest | $0 |
| Taxes | $124,272 |
| Depreciation | $842 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $51,930 |
| Printing and publications | $0 |
| Other expenses | $419,809 |
| Total operating and administrative expenses | $1,069,100 |
| Contributions, gifts, grants paid | $6,304,855 |
| Total expenses and disbursements | $7,373,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,666 |
| Net Accounts receivable | $316,193 |
| 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 | $56,200 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,062,495 |
| Net Land, buildings, and equipment | $1,404 |
| Other assets | $0 |
| Total assets | $64,535,675 |
| Accounts payable and accrued expenses | $1,396 |
| 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 | $1,396 |
Grants Awarded
Over the last fiscal year, Harry & Jan Sweere Foundation has awarded $6,304,855 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF OUR LADY OF PEACE PURPOSE: GENERAL OPERATIONS | $25,000 |
ACADEMY OF HOLY ANGELS PURPOSE: GENERAL OPERATIONS | $50,000 |
7BELLS PURPOSE: ACCOUNTING, MARKETING & ADMINISTRATIVE POSITIONS, HOMES & RESCUE | $50,000 |
ANSELM HOUSE PURPOSE: FELLOWS PROGRAM | $1,000,000 |
ART HOUSE NORTH PURPOSE: BUCKET BRIGADE, MANAGER, PROGRAMMING, SRUCTURAL | $50,000 |
BETHEL UNIVERSITY BUILD PROGRAM PURPOSE: BUILD SPACE | $25,000 |