Eric And Kelly Schwartz Charitable Trust
- Assets
- $64.6m
- Revenue
- $3.9m
- Investments
- $64.1m
- Employees
- 0
- Location
- Fairfield, IA
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-4959497
Organization Overview
Eric And Kelly Schwartz Charitable Trust is located in Fairfield, IA. The organization was established in 2016. 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. Eric And Kelly Schwartz Charitable Trust 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, Eric And Kelly Schwartz Charitable Trust generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.0%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE SANTA BARBARA FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE SANTA BARBARA FOUNDATION, THE SUPPORTED ORGANIZATION OF THE ERIC AND KELLY SCHWARTZ CHARITABLE TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Schwartz Trustee, Principal Officer | OfficerTrustee | 1 | $0 |
Jacqueline Carrera Trustee | Trustee | 1 | $0 |
Kelly Schwartz Trustee | Trustee | 1 | $0 |
Janet Mocker Trustee (until 3.31.21) | Trustee | 1 | $0 |
Amy Webber Trustee | Trustee | 1 | $0 |
Todd Yuba Trustee (as Of 4.1.21) | 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 | $3,228,750 |
| Noncash contributions included in lines 1a–1f | $3,228,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,228,750 |
| Total Program Service Revenue | $0 |
| Investment income | $700,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,929,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $509,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $118,184 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $7,714 |
| Total functional expenses | $637,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $485,455 |
| 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 | $0 |
| Investments—other securities | $64,082,149 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,567,604 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $64,567,604 |
| Total liabilities and net assets/fund balances | $64,567,604 |
Grants Awarded
Over the last fiscal year, Eric And Kelly Schwartz Charitable Trust has awarded $842,685 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfield, IA PURPOSE: IN SUPPORT OF THE SANTA BARBARA FOUNDATION. TO SUPPORT THE DHAMMAJARINEE SCHOOL PROJECT IN THAILAND. | $442,685 |
Fairfield, IA PURPOSE: IN SUPPORT OF THE SANTA BARBARA FOUNDATION. TO FUND DEVELOPMENT, IMPLEMENTATION AND ADMINISTRACTION OF THE PHASE 3 CLINICAL TRIAL ON TM, PTSD AND RECOVERY FOR VETERANS. | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eric And Kelly Schwartz Charitable Trust has recieved totaling $7,703,896.
| Awarding Organization | Amount |
|---|---|
Eric Schwartz Fam Foundation Fairfield, IA PURPOSE: DISTRIBUTION OF STOCK; SUBSTANTIAL CONTRACTION - SEE STMT 6 | $7,703,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |