Carl A And Theresa K Swafford Foundation Inc
- Assets
- $2.8m
- Revenue
- $170.9k
- Investments
- $2.4m
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 12/1962
- Data as of
- 10/2023
- EIN
- 62-6039681
Organization Overview
Carl A And Theresa K Swafford Foundation Inc is located in Murfreesboro, TN. The organization was established in 1962. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Carl A And Theresa K Swafford 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 10/2023, Carl A And Theresa K Swafford Foundation Inc generated $170.9k 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 (5.5%) each year. All expenses for the organization totaled $168.2k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carl A And Theresa K Swafford Foundation Inc has awarded 139 individual grants totaling $937,536. 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
CK2 FOUNDATION -- TO SUPPORT VARIOUS CHARITIES OF THE ORGANIZATION
ORANGE BEACH COMPASSION FUND - TO SUPPORT CHARITIES OF THE ORGANIZATION
MAACA CITY OF OCEAN BEACH - TO SUPPORT CHARITIES OF THE CITY
FREEDOM ALLIANCE - TO SUPPORT THE MAKE THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl A Swafford Jr President | 10 | $0 | |
Julia Ann Swafford Vice President | 1 | $0 | |
Carl A Swafford III Vice President | 5 | $5,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $157,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,894 |
| Capital Gain Net Income | $12,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $383 |
| Total Revenue | $170,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,720 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,978 |
| Depreciation | $3,740 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $624 |
| Total operating and administrative expenses | $18,482 |
| Contributions, gifts, grants paid | $149,710 |
| Total expenses and disbursements | $168,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,478 |
| 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 | $5,152 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $11,652 |
| Other assets | $0 |
| Total assets | $2,758,441 |
| 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, Carl A And Theresa K Swafford Foundation Inc has awarded $149,710 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
GREENSBURG MENNONITE CH PURPOSE: CHARITABLE CONTRIBUTION FOR GENERAL FUND | $1,000 |
A SOLDIERS CHILD PURPOSE: CHARITABLE CONTRIBUTION FOR GENERAL FUND | $4,000 |
OLE MISS ATHLETICS FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION FOR GENERAL FUND | $10,000 |
SWAFFORD CHAPEL PURPOSE: CHARITABLE CONTRIBUTION FOR GENERAL FUND | $10,000 |
OAK HILL ELEMENTARY SCHOOL PURPOSE: CHARITABLE CONTRIBUTION FOR GENERAL FUND | $5,000 |
CARSON-PITCOCK SCHOLAR PURPOSE: CHARITABLE CONTRIBUTION FOR GENERAL FUND | $5,000 |