Schwemm Family Foundation
- Assets
- $1.5m
- Revenue
- $171.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-2945532
Organization Overview
Schwemm Family Foundation is located in Bethesda, MD. The organization was established in 2014. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schwemm Family 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, Schwemm Family Foundation generated $171.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $173.4k during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 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, Schwemm Family Foundation has awarded 147 individual grants totaling $924,008. 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 |
|---|---|---|---|
Kari Gies President | 0 | $0 | |
Cathy Schwemm Vice President | 0 | $0 | |
Jan Rieke Treasurer | 0 | $0 | |
Annie Swank Trustee | 0 | $0 | |
Joseph Tuck Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,648 |
| Capital Gain Net Income | $136,648 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,599 |
| Total operating and administrative expenses | $41,614 |
| Contributions, gifts, grants paid | $131,824 |
| Total expenses and disbursements | $173,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,108 |
| 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 | $387,373 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,450,747 |
| 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 | $5 |
| Total liabilities | $5 |
Grants Awarded
Over the last fiscal year, Schwemm Family Foundation has awarded $131,824 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ALGONQUIN GARDEN CLUB PURPOSE: THIS APPLICATION SEEKS FUNDING TO RESTORE AND PRESERVE THE HISTORIC MINERAL SPRINGS SITE IN TOWNE PARK, ALGONQUIN, ILL. | $8,000 |
BLUE ZONES PROJECT-HEALTHY KLAMATH PURPOSE: THE SIGNAGE PROJECT IS AIMED TO INCREASE TRAIL UTILIZATION THROUGH SIGNAGE AND EDUCATION. | $7,600 |
COASTAL WATERSHED COUNCIL PURPOSE: ENGAGING THE COMMUNITY FOR RIVER RESTORATION WORK AND IMPROVED ECOSYSTEM HEALTH ALONG THE LOWER SAN LORENZO RIVER. | $5,000 |
ECO URBAN GARDENS PURPOSE: INSTALLATION OF A FARM LAB FOR OUTDOOR LEARNING WITH A GREEN WALL TO REDUCE POLLUTION AND NOISE FROM FREEWAYS. | $8,000 |
FRIENDS OF THE CHICAGO RIVER PURPOSE: LITTER FREE CHICAGO-CALUMET RIVER PROVIDES OPPORTUNITIES FOR LITTER PREVENTION AND REMOVAL IN THE CHICAGO AREA. | $2,580 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: THE PROJECT WILL EXPAND IRC'S COMMUNITY GARDEN AND EDUCATE IMMIGRANT AND REFUGEE COMMUNITY GARDENERS. | $8,000 |