Schwans Corporate Giving Foundation
- Assets
- $6.0m
- Revenue
- $989.6k
- Investments
- $5.9m
- Employees
- 0
- Location
- Marshall, MN
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 41-1990835
Organization Overview
Schwans Corporate Giving Foundation is located in Marshall, MN. The organization was established in 2002. 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. Schwans Corporate Giving 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, Schwans Corporate Giving Foundation generated $989.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $620.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Schwans Corporate Giving Foundation has awarded 93 individual grants totaling $4,055,127. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dimitrios Smyrnios Chairman/ Director | 0.5 | $0 | |
Scott Peterson Vice Chairman/ Director | 0.5 | $0 | |
Roberto Rios Secretary/ Director | 0.5 | $0 | |
Lori Dubbeldee Treasurer/ Director | 0.5 | $0 | |
Abby Collins Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,006 |
| Interest on Savings | $0 |
| Dividends & Interest | $147,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $831,632 |
| Capital Gain Net Income | $831,632 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $989,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $829 |
| Other expenses | $1,845 |
| Total operating and administrative expenses | $62,086 |
| Contributions, gifts, grants paid | $558,631 |
| Total expenses and disbursements | $620,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,691 |
| 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 | $6,034,433 |
| Accounts payable and accrued expenses | $15,544 |
| 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 | $15,544 |
Grants Awarded
Over the last fiscal year, Schwans Corporate Giving Foundation has awarded $733,631 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DOLLARS FOR SCHOLARS LAKEVIEW PURPOSE: GENERAL SUPPORT | $500 |
FEEDING AMERICA PURPOSE: GENERAL SUPPORT | $155,000 |
HER VOICE PRODUCTIONS PURPOSE: GENERAL SUPPORT | $500 |
MINNESOTA LANDSCAPE ARBORETUM PURPOSE: GENERAL SUPPORT | $2,000 |
JEWISH FAMILY AND CHILDRENS SERVICES OF MINNEAPOLIS PURPOSE: GENERAL SUPPORT | $490 |
SCHOLARSHIP AMERICA INC PURPOSE: SCHOLARSHIPS | $92,750 |