White Swan Foundation Inc
- Assets
- $253.4k
- Revenue
- $348.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Richmond, VT
- Founding
- 07/2014
- Data as of
- 12/2022
- 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. As of 12/2022, Pennywise Foundation employed 2 individuals. 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 12/2022, Pennywise Foundation generated $348.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $279.9k during the year ending 12/2022. While expenses have increased by 24.8% per year over the past 5 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 22 individual grants totaling $258,295. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PENNYWISE SUPPORTS INNOVATIVE, REGENERATIVE AND ENDURING SOLUTIONS THAT WILL UPLIFT COMMUNITIES AND EMPOWER INDIVIDUALS BY MAKING GRANTS AND PROVIDING TECHNICAL ASSISTANCE.
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, ACCESS TO RECREATIONAL EQUIPMENT, FOOD SECURITY, CLIMATE CHANGE AND REFUGEE ASSISTANCE. THROUGH RECOGNIZED U.S. NONPROFITS, OUR GRANTEES OFFERRED SERVICES IN UNDERSERVED COMMUNITIES IN THE U.S AND AROUND THE WORLD.
THROUGH OUR TECHNICAL ASSISTANCE PROGRAM, THE FOUNDATION CONTINUED TO SERVE AS THE BACKBONE OF THE AMAZON HOPE COLLECTIVE SUPPORTING INDIGENOUS GROUPS IN THE SOUTHERN AMAZON (ESPECIALLY THE KUIKURO INDIGENOUS COMMUNITY) TO ADDRESS THREATS CONFRONTING THEIR COMMUNITIES, SPECIFICALLY FOREST FIRES AND OTHER FORMS OF ENVIRONMENTAL DEGRADATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Subin President | OfficerTrustee | 2 | $0 |
Christina Schwerin Treasurer (2023: President) | OfficerTrustee | 1 | $0 |
Jb Sugar Secretary | OfficerTrustee | 1 | $0 |
Louis Jones Director | Trustee | 1 | $0 |
Kim Chaix Director | Trustee | 1 | $0 |
Laura Subin Executive Director | Officer | 20 | $23,617 |
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 | $352,722 |
| Noncash contributions included in lines 1a–1f | $139,493 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,722 |
| Total Program Service Revenue | $0 |
| Investment income | $3,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,865 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,273 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,307 |
| Compensation of current officers, directors, key employees. | $1,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,506 |
| Fees for services: Accounting | $5,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,344 |
| Fees for services: Other | $24,827 |
| Advertising and promotion | $0 |
| Office expenses | $1,045 |
| Information technology | $4,084 |
| Royalties | $0 |
| Occupancy | $6,213 |
| Travel | $2,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $826 |
| Interest | $2,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $593 |
| All other expenses | $0 |
| Total functional expenses | $279,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,488 |
| Savings and temporary cash investments | $8,808 |
| 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 | $179,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,388 |
| 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 | $1,198 |
| Total liabilities | $86,198 |
| 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 | $167,190 |
| Total liabilities and net assets/fund balances | $253,388 |
Grants Awarded
Over the last fiscal year, White Swan Foundation Inc has awarded $121,865 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK VOTERS MATTER CAPITAL BUILDIING INSTITUTE PURPOSE: Voter Education & Access | $10,000 |
AGUA PARA LA VIDA PURPOSE: Clean Water Projects | $11,000 |
ALIGHT PURPOSE: Ukrainian Refugees | $9,000 |
SOIL PURPOSE: Clean Water Projects | $9,200 |
WORLD CENTRAL KITCHEN PURPOSE: Food Insecurity | $7,665 |
REPRODUCTIVE HEALTH ACCESS PROJECT PURPOSE: Reproductive Health | $6,000 |