Robert And Nancy Schwan Foundation
- Assets
- $332.7k
- Revenue
- $28.6k
- Investments
- $319.1k
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 48-1236431
Organization Overview
Robert And Nancy Schwan Foundation is located in Wichita, KS. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert And Nancy Schwan 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, Robert And Nancy Schwan Foundation generated $28.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $102.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Robert And Nancy Schwan Foundation has awarded 50 individual grants totaling $420,750. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 5 | $0 | |
Name Not Listed Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,402 |
| Interest on Savings | $1,804 |
| Dividends & Interest | $9,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,455 |
| Capital Gain Net Income | $13,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $203 |
| Total operating and administrative expenses | $6,685 |
| Contributions, gifts, grants paid | $95,500 |
| Total expenses and disbursements | $102,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,615 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $332,707 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Robert And Nancy Schwan Foundation has awarded $95,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDAMENTAL LEARNING CENTER PURPOSE: GENERAL FUNDS | $22,000 |
KANSAS HUMANE SOCIETY PURPOSE: GENERAL FUNDS | $15,000 |
KANSAS FOOD BANK PURPOSE: GENERAL FUNDS | $25,000 |
HUMANKIND MINISTRIES PURPOSE: GENERAL FUNDS | $25,000 |
SALVATION ARMY PURPOSE: GENERAL FUNDS | $1,500 |
BREAKTRHOUGH EPISCOPAL SOCIAL SERVICES PURPOSE: GENERAL FUNDS | $1,500 |