The Swifty Foundation
- Assets
- $771.8k
- Revenue
- $773.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Woodridge, IL
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 46-1853577
Organization Overview
The Swifty Foundation is located in Woodridge, IL. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Swifty Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swifty 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 12/2023, Swifty Foundation generated $773.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 29.7% per year over the past 8 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 2015, Swifty Foundation has awarded 33 individual grants totaling $6,814,122. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RESEARCH AIMED AT UNDERSTANDING THE CAUSES OF PEDIATRIC CANCER AND FINDING A CURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE TO FUND CANCER RESEARCH, MEDULLOBLASTOMA CONFERENCE, CHILDREN'S BRAIN TUMOR NETWORK AND FOR GENERAL OPERATIONS. SEE SCHEDULES I AND F FOR DETAILS. 100% OF EVERY DONATION IS USED FOR GRANT AWARDS AND PROGRAMS. ADMINISTRATIVE EXPENSES ARE PAID WITH FUNDS DONATED BY THE ORGANIZATION'S FOUNDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Gustafson President | OfficerTrustee | 25 | $0 |
Bridget Gustafson Secretary | OfficerTrustee | 1 | $0 |
Ian Gustafson Treasurer | OfficerTrustee | 4 | $0 |
Kira Couch Director | Trustee | 1 | $0 |
Peter Clark Director | Trustee | 1 | $0 |
Patti Gustafson Executive Director | Officer | 45 | $120,000 |
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 | $729,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,024 |
| Total Program Service Revenue | $0 |
| Investment income | $22,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $808,693 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76 |
| Fees for services: Accounting | $12,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,570 |
| Fees for services: Other | $56,162 |
| Advertising and promotion | $0 |
| Office expenses | $38,381 |
| Information technology | $5,556 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $45,717 |
| Total functional expenses | $1,192,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $397,232 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $771,809 |
| Accounts payable and accrued expenses | $26 |
| Grants payable | $596,071 |
| 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 | $596,097 |
| Net assets without donor restrictions | $175,712 |
| 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 | $771,809 |
Grants Awarded
Over the last fiscal year, The Swifty Foundation has awarded $808,693 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: General support for the Children's Brain Tumor Network | $332,893 |
SEATTLE CHILDRENS PURPOSE: Tissue Navigator and tissue collection program. | $50,000 |
SOCIETY FOR NEURO-ONCOLOGY PURPOSE: Conference Sponsorship | $10,800 |
TEXAS CHILDREN'S HOSPITAL OFFICE OF PHILANTHROPY PURPOSE: Research grant to Dr. Michael Taylor's lab | $300,000 |
PREP4GOLD PURPOSE: Symposium Sponsorship | $25,000 |
WEILL CORNELL IMAGING AT NEW YORK-PRESBYTERIAN PURPOSE: GFAC Operations | $90,000 |