Dr W C Swanson Family Foundation
- Assets
- $2.8m
- Revenue
- $140.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Layton, UT
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 87-0578540
Organization Overview
Dr W C Swanson Family Foundation is located in Layton, UT. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Dr W C Swanson Family 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, Dr W C Swanson Family Foundation generated $140.0k 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 (8.2%) each year. All expenses for the organization totaled $393.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dr W C Swanson Family Foundation has awarded 144 individual grants totaling $2,048,342. 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
SEE PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Swanson Chairman | 40 | $65,000 | |
Wc Swanson Trustee | 40 | $45,000 | |
Annabel Hofer Trustee | 10 | $12,000 | |
Taylor Jensen Director | 0 | $0 | |
Robin Romero Director | 0 | $0 | |
Jon Greiner Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,418 |
| Capital Gain Net Income | $52,418 |
| Net ST Capital Gain | $52,418 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,571 |
| Total Revenue | $140,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $397 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $28 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,438 |
| Total operating and administrative expenses | $212,713 |
| Contributions, gifts, grants paid | $180,812 |
| Total expenses and disbursements | $393,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,610 |
| Savings and temporary cash investments | $2,996 |
| 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 | $34,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,285,447 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $472,831 |
| Total assets | $2,796,884 |
| Accounts payable and accrued expenses | $1,747 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $319,994 |
| Other liabilities | $0 |
| Total liabilities | $321,741 |
Grants Awarded
Over the last fiscal year, Dr W C Swanson Family Foundation has awarded $180,812 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Ogden, UT PURPOSE: IN NEED ASSISTANCE | $22,500 |
Spanish Fork, UT PURPOSE: ASSIST HAND IN HAND OUTDOORS | $20,000 |
VARIOUS UNDER 2K PURPOSE: IN-NEED ASSISTANCE | $14,950 |
STEVEN R TERRI F WATT FAMILY FOUNDA PURPOSE: IN NEED ASSISTANCE | $13,979 |
WELLS FARGO PURPOSE: LOCAL DISASTER AND NEED ASSISTANCE | $11,883 |
St George, UT PURPOSE: IN NEED ASSISTANCE | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dr W C Swanson Family Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
James E And Norma A Kier Charitable Foundation Ogden, UT PURPOSE: GOLF TOURNAMENT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Daniels Fund Denver, CO | $0 | $97,503,421 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Forever Young Foundation Bountiful, UT | $7,150,368 | $5,097,036 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
Gilcrease Orchard Foundation Las Vegas, NV | $14,594,818 | $3,005,539 |
Clarendon Foundation Sandy, UT | $9,714,248 | $1,864,583 |
Arizona School Choice Trust Inc Chandler, AZ | $1,968,579 | $1,563,755 |
Colorado State Patrol Family Foundation Lakewood, CO | $3,544,334 | $2,358,520 |
Maricopa County Foundation For Medical Care Inc Glendale, AZ | $1,269,920 | $1,265,638 |