Swift Museum Foundation Inc
- Assets
- $1.7m
- Revenue
- $206.1k
- Investments
- $315.9k
- Employees
- 2
- Location
- Athens, TN
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 62-1048065
Organization Overview
Swift Museum Foundation Inc is located in Athens, TN. The organization was established in 1980. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Swift Museum Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swift Museum 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, Swift Museum Foundation Inc generated $206.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $118.6k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND IMPROVEMENT OF AVIATION AND AERONAUTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND IMPROVEMENT OF AVIATION AND AERONAUTICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Anderson Executive Di | Officer | 40 | $23,525 |
Paul Barnett Chairman | OfficerTrustee | 1 | $0 |
Paul Mercandetti Vice Chairma | OfficerTrustee | 1 | $0 |
Sam Swift Director | Trustee | 1 | $0 |
Bryce Ulmer Director | Trustee | 1 | $0 |
Jim Roberts Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,680 |
| Fundraising events | $300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,532 |
| Total Program Service Revenue | $0 |
| Investment income | $7,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $68,827 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $71,754 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $23,525 |
| Compensation of current officers, directors, key employees. | $19,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,156 |
| 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 | $13,076 |
| Insurance | $9,925 |
| All other expenses | $1,068 |
| Total functional expenses | $118,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $552,930 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $603,076 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $315,868 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,701,083 |
| Accounts payable and accrued expenses | $1,234 |
| 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 | $1,234 |
| Net assets without donor restrictions | $1,699,849 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,701,083 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Swift Museum Foundation Inc has recieved totaling $10,239.
| Awarding Organization | Amount |
|---|---|
Arthur Griffin Foundation For Winchester Winchester, MA PURPOSE: PHOTOGRAPHY ART SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $239 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |