Harold W Sweatt Foundation
- Assets
- $3.2m
- Revenue
- $234.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Big Sky, MT
- Founding
- 07/1968
- Data as of
- 02/2024
- EIN
- 41-6075860
Organization Overview
Harold W Sweatt Foundation is located in Big Sky, MT. The organization was established in 1968. 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. Harold W Sweatt 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 02/2024, Harold W Sweatt Foundation generated $234.2k 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 (13.7%) each year. All expenses for the organization totaled $291.2k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2024, Harold W Sweatt Foundation has awarded 64 individual grants totaling $231,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A THE HAROLD W SWEATT FOUNDATION ADMINISTERS A GRANT PROGRAM AND DOES NOT GET INVOLVED WITH DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian M Reed Co-Trustee | 1 | $0 | |
William S Reed Co-Trustee | 0 | $0 | |
Harold S Reed Co-Trustee | 1 | $0 | |
Lachlan W Reed Co-Trustee | 1 | $0 | |
Mark H Reed Co-Trustee | 1 | $0 | |
Aida Reed Luce Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,993 |
| Dividends & Interest | $79,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,105 |
| Capital Gain Net Income | $136,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $68 |
| Total Revenue | $234,226 |
| 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 | $36,100 |
| Total operating and administrative expenses | $60,200 |
| Contributions, gifts, grants paid | $231,000 |
| Total expenses and disbursements | $291,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $197,073 |
| 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 | $3,177,303 |
| 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, Harold W Sweatt Foundation has awarded $231,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
NAPA VALLEY COLLEGE FOUNDATION PURPOSE: GENERAL | $5,000 |
MERCY CORPS PURPOSE: GENERAL | $5,000 |
GREATER YELLOWSTONE COALITION PURPOSE: GENERAL | $8,000 |
ANERA PURPOSE: GENERAL | $5,000 |
HEAVEN'S GAIT RANCH PURPOSE: GENERAL | $12,000 |
NAPA VALLEY COLLEGE FOUNDATION PURPOSE: GENERAL | $5,000 |