White Swan Foundation Inc
- Assets
- $203.0k
- Revenue
- $226.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Richmond, VT
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2483183
Organization Overview
White Swan Foundation Inc, operating under the name Pennywise Foundation, is located in Richmond, VT. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennywise 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 12/2021, Pennywise Foundation generated $226.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $187.7k during the year ending 12/2021. While expenses have increased by 19.4% per year over the past 4 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 2020, Pennywise Foundation has awarded 16 individual grants totaling $192,530. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PENNYWISE FOUNDATION SUPPORTS NONPROFIT ORGANIZATIONS THAT LEVERAGE LIMITED RESOURCES TO GENERATE SUSTAINABLE RESPONSES TO CRITICAL PROBLEMS CONFRONTING THE GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENNYWISE FOUNDATION PROVIDED GRANTS TO EXCEPTIONAL CHARITABLE ORGANIZATIONS WORKING IN THE FIELDS OF VOTING RIGHTS, REPRODUCTIVE HEALTH, HYGIENIC SANITATION, CLEAN WATER ACCESS, AND ACCESS TO RECREATIONAL EQUIPMENT. THROUGH RECOGNIZED U.S. NONPROFITS, OUR GRANTEES OFFERED SERVICES IN UNDERSERVED COMMUNITIES IN THE U.S. AS WELL AS IN HAITI, LATIN AMERICA, AND ZAMBIA.
OUR TECHNICAL ASSISTANCE PROGRAM CONTINUED TO OVERSEE THE AMAZON HOPE COLLECTIVE WHICH CONTINUED TO SUPPORT RESPONSES TO COVID-19 IN THE SOUTHERN AMAZON AND BEGAN TO REFOCUS ON CULTURAL AND ENVIRONMENTAL PRESERVATION INITIATIVES IN PARTNERSHIP WITH THE KUIKURO INDIGENOUS COMMUNITY. THE PENNYWISE URGENT RESPONSE PROGRAM LEVERAGED RESOURCES THAT SUPPORTED RESPONSES BY OUR ESTABLISHED GRANTEE PARTNER, SOIL, TO A DEVASTATING EARTHQUAKE IN HAITI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Subin President | OfficerTrustee | 2 | $0 |
Christina Schwerin Treasurer | OfficerTrustee | 1 | $0 |
Jb Sugar Secretary | OfficerTrustee | 1 | $0 |
Laura Subin Executive Director | Officer | 20 | $0 |
Louis Jones Director | Trustee | 1 | $0 |
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 | $217,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,900 |
| Total Program Service Revenue | $0 |
| Investment income | $613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,330 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,069 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $886 |
| Fees for services: Accounting | $5,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45 |
| Fees for services: Other | $45,774 |
| Advertising and promotion | $0 |
| Office expenses | $1,284 |
| Information technology | $4,196 |
| Royalties | $0 |
| Occupancy | $5,839 |
| Travel | $1,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,200 |
| All other expenses | $0 |
| Total functional expenses | $187,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,563 |
| Savings and temporary cash investments | $7,852 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $93,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $203,018 |
| Accounts payable and accrued expenses | $0 |
| 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 | $85,000 |
| Other liabilities | $343 |
| Total liabilities | $85,343 |
| Net assets without donor restrictions | $0 |
| 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 | $117,675 |
| Total liabilities and net assets/fund balances | $203,018 |
Grants Awarded
Over the last fiscal year, White Swan Foundation Inc has awarded $80,330 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: Voting Rights | $20,000 |
Sebastopol, CA PURPOSE: Hygienic Sanitation-Haiti | $17,300 |
Berkeley, CA PURPOSE: Clean Water Access-Nicaragua | $14,500 |
New York, NY PURPOSE: Reproductive Health Access | $12,500 |
San Francisco, CA PURPOSE: Voting Rights | $10,000 |
ZEN BARN FARMS PURPOSE: Conference Attendance | $6,030 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that White Swan Foundation Inc has recieved totaling $175,225.
| Awarding Organization | Amount |
|---|---|
Hillman Family Foundations Pittsburgh, PA PURPOSE: OPERATING SUPPORT | $50,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: OPERATING SUPPORT | $50,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: AMAZON HOPE COLLECTIVE | $41,625 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: AMAZON HOPES COLLECTIVE SUPPLEMENTAL | $33,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |