Svarre Foundation
- Assets
- $533.1k
- Revenue
- $43.3k
- Investments
- $283.4k
- Employees
- 0
- Location
- Sidney, MT
- Founding
- 05/1961
- Data as of
- 12/2021
- EIN
- 81-6013673
Organization Overview
Svarre Foundation is located in Sidney, MT. The organization was established in 1961. 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. Svarre 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 12/2021, Svarre Foundation generated $43.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $81.7k during the year ending 12/2021. While expenses have increased by 20.7% 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.
Since 2015, Svarre Foundation has awarded 59 individual grants totaling $229,364. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL FUNDS WERE FOR YOUTH & COMMUNITY BENEFITS AND COLLEGE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Goss Chairman | 0 | $0 | |
H D Thogerson Trustee | 0 | $0 | |
Garth Kallevig Trustee | 0 | $0 | |
Bill Brenner Sec/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $442 |
| Dividends & Interest | $8,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,779 |
| Total Revenue | $43,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,356 |
| Depreciation | $1,123 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $6,522 |
| Contributions, gifts, grants paid | $75,166 |
| Total expenses and disbursements | $81,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,847 |
| Savings and temporary cash investments | $173,205 |
| 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 | $283,442 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,576 |
| Total assets | $533,070 |
| 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, Svarre Foundation has awarded $75,166 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: DONATION | $25,000 |
Sidney, MT PURPOSE: DONATION | $20,000 |
MT BOY SCOUTS PURPOSE: DONATION | $6,500 |
FAIRVIEW SCHOOL PURPOSE: DONATION | $5,000 |
COOPER MCGLOTHLIN PURPOSE: SCHOLARSHIP | $3,000 |
EVERETT JENSEN PURPOSE: SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |
Town Pump Charitable Foundation Butte, MT | $40,763,462 | $8,633,359 |
Pharos Foundation Jackson, WY | $46,452,761 | $4,714,657 |
Foley Family Charitable Foundation Whitefish, MT | $33,136,562 | $2,272,522 |
Fred & Clara Eckert Foundation For Children Williston, ND | $22,065,382 | $6,837,965 |
George B Storer Foundation Inc Jackson, WY | $58,787,234 | $2,111,031 |
The Martin Family Foundation Casper, WY | $32,865,845 | $6,480,338 |