Marvin M Schwan Charitable Foundation
- Assets
- $409.4m
- Revenue
- $16.3m
- Investments
- $117.7m
- Employees
- 2
- Location
- Earth City, MO
- Founding
- 11/1993
- Data as of
- 12/2020
- EIN
- 36-3918630
Organization Overview
Marvin M Schwan Charitable Foundation is located in Earth City, MO. The organization was established in 1993. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Marvin M Schwan Charitable Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marvin M Schwan Charitable 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 12/2020, Marvin M Schwan Charitable Foundation generated $16.3m 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 (11.2%) each year. All expenses for the organization totaled $16.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marvin M Schwan Charitable Foundation has awarded 56 individual grants totaling $90,625,536. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO SPECIFIC RELIGIOUS ORGANIZATIONS AS SPECIFIED BY THE TRUST'S GOVERNING DOCUMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT TO SPECIFIC RELIGIOUS ORGANIZATIONS AS SPECIFIED BY THE MARVIN M. SCHWAN CHARITABLE FOUNDATION'S TRUST GOVERNING DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Keith Boheim Executive Director | Officer | 0 | $295,695 |
Lyle Fanning Trustee | Trustee | 0 | $13,000 |
Gary Stimac Trustee | Trustee | 0 | $13,000 |
Lawrence Rast Jr Trustee | Trustee | 0 | $13,000 |
Max Wenck Trustee | Trustee | 0 | $3,250 |
Verlyn Hahn Trustee | Trustee | 0 | $3,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Investments Investment Mgmt | 12/30/19 | $120,330 |
Bdo Usa Lllp Accounting And Tax | 12/30/19 | $102,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $8,608,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,692,164 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,300,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,187,950 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $320,351 |
| Compensation of current officers, directors, key employees. | $113,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,201 |
| Pension plan accruals and contributions | $2,993 |
| Other employee benefits | $15,545 |
| Payroll taxes | $15,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,776 |
| Fees for services: Accounting | $105,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,203,574 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,260 |
| Travel | $4,582 |
| 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 | $7,683 |
| All other expenses | $9,821 |
| Total functional expenses | $15,993,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,925,343 |
| Savings and temporary cash investments | $360,738 |
| 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 | $13,668,823 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $271,730,716 |
| Investments—other securities | $117,699,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,046,480 |
| Total assets | $409,431,512 |
| Accounts payable and accrued expenses | $335,658 |
| 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 | $335,658 |
| Net assets without donor restrictions | $409,095,854 |
| Net assets with donor restrictions | $0 |
| 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 | $409,431,512 |
Grants Awarded
Over the last fiscal year, Marvin M Schwan Charitable Foundation has awarded $13,463,831 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: religious land and buildings | $4,200,000 |
Mankato, MN PURPOSE: religious land and buildings | $3,122,500 |
Waukesha, WI PURPOSE: church and families | $2,192,000 |
Saint Louis, MO PURPOSE: religious foreign missions | $1,985,831 |
Waukesha, WI PURPOSE: Religious Foreign Missions | $912,500 |
Mankato, MN PURPOSE: Religious foreign Missions | $396,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO | $409,431,512 | $16,300,505 |
Brahmananda Saraswati Foundation Fairfield, IA | $96,502,507 | $13,140,832 |
Association Of Community Ministries Inc Louisville, KY | $445,495 | $6,215,911 |
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
Perception Funding Inc Kansas City, MO | $746,520 | $3,023,889 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Catholic Community Foundation Kansas City, MO | $9,563,701 | $3,058,896 |
Blood Water Mission Inc Nashville, TN | $1,496,326 | $2,219,618 |
Community Interfaith Food Pantry Belleville, IL | $1,307,668 | $1,205,716 |
Reruns R Fun Inc La Vista, NE | $1,226,554 | $873,036 |