The Switzer Family Foundation Inc
- Assets
- $0.0
- Revenue
- $574.9k
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 56-2198047
Organization Overview
The Switzer Family Foundation Inc is located in St Petersburg, FL. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Switzer Family Foundation Inc 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, Switzer Family Foundation Inc generated $574.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 62.1% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO CLEMSON UNIVERSITY FOR SCHOLARSHIPS LOCATED IN CLEMSON, SOUTH CAROLINA
GRANTS MADE TO PIEDMONT PHYSIC GARDEN LOCATED IN UNION, SOUTH CAROLINA
GRANTS MADE TO CHRIST SCHOOL LOCATED IN ARDEN NORTH CAROLINA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Page Director | 2 | $0 | |
James Switzer Jr Director | 2 | $0 | |
Toccoa Bailey Switzer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $562,256 |
| Capital Gain Net Income | $562,256 |
| Net ST Capital Gain | $31,045 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $574,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,365 |
| Total operating and administrative expenses | $15,566 |
| Contributions, gifts, grants paid | $2,283,618 |
| Total expenses and disbursements | $2,299,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, The Switzer Family Foundation Inc has awarded $2,283,618 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PRESBYTERIAN COLLEGE PURPOSE: SCHOLARSHIP | $5,000 |
DONOR ADVISED FUND PURPOSE: GENERAL SUPPORT | $2,198,618 |
QUEENS UNIVERSITY PURPOSE: GENERAL | $25,000 |
PIEDMONT PHYSIC GARDEN PURPOSE: GENERAL SUPPORT | $25,000 |
CHRIST SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |
CLEMSON UNIVERSITY PURPOSE: GENERAL | $5,000 |