Swedenborg Foundation Inc
- Assets
- $21.7m
- Revenue
- $2.0m
- Investments
- $965.6k
- Employees
- 26
- Location
- West Chester, PA
- Founding
- 04/1938
- Data as of
- 12/2021
- EIN
- 13-1362850
Organization Overview
Swedenborg Foundation Inc is located in West Chester, PA. The organization was established in 1938. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Swedenborg Foundation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swedenborg 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, Swedenborg Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 8.9% 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
TO TRANSLATE, PUBLISH AND DISTRIBUTE THE WORKS OF EMANUEL SWEDENBORG AND THE OTHER RELIGIOUS AND EDUCATIONAL BOOKS TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION AND DISTRIBUTION OF THE WORKS OF EMANUEL SWEDENBORG AND OTHER RELIGIOUS AND EDUCATIONAL BOOKS.
ONLINE PROGRAMMING OF EMANUEL SWEDENBORG'S WORK.
MARKETING AND PROMOTION OF EMANUEL SWEDENBORG'S WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Bilger VP Of Development | 40 | $136,000 | |
Curtis Child VP Of Programing | 40 | $112,500 | |
Rev Dr Jonathan S Rose Director | Trustee | 5 | $109,064 |
Dr Stuart Shotwell Director | Trustee | 5 | $54,249 |
Dr Sonia Soneson Werner President | Officer | 20 | $0 |
Rev Cory Bradford-Watts Treasurer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $925,768 |
| Total Program Service Revenue | $6,934 |
| Investment income | $430,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $571,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,984 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,952,977 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,363,281 |
| Pension plan accruals and contributions | $70,485 |
| Other employee benefits | $157,041 |
| Payroll taxes | $104,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,117 |
| Fees for services: Accounting | $16,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,832 |
| Fees for services: Other | $407,842 |
| Advertising and promotion | $160,417 |
| Office expenses | $49,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,321 |
| Travel | $2,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,446 |
| Insurance | $14,250 |
| All other expenses | $9,300 |
| Total functional expenses | $2,585,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,719 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $312,832 |
| Accounts receivable, net | $8,243 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,698 |
| Prepaid expenses and deferred charges | $55,964 |
| Net Land, buildings, and equipment | $516,949 |
| Investments—publicly traded securities | $19,386,142 |
| Investments—other securities | $965,585 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,667,132 |
| Accounts payable and accrued expenses | $16,253 |
| 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 | $16,253 |
| Net assets without donor restrictions | $19,322,962 |
| Net assets with donor restrictions | $2,327,917 |
| 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 | $21,667,132 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Swedenborg Foundation Inc has recieved totaling $39,690.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $27,500 |
Elder Foundation Richmond, IN PURPOSE: GENERAL FUND | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $190 |
Endowment Analysis
| Beg. Balance | $958,098 |
| Earnings | $85,032 |
| Net Contributions | $91,930 |
| Other Expense | $17,565 |
| Ending Balance | $1,117,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Fund Lancaster, PA | $1,202,815 | $6,473,127 |
Nextbook Inc New York, NY | $1,137,496 | $6,280,480 |
Pocket Testament League Inc Lititz, PA | $2,734,106 | $3,853,186 |
Commentary Inc New York, NY | $6,537,680 | $2,900,591 |
Swedenborg Foundation Inc West Chester, PA | $21,667,132 | $1,952,977 |
Scepter Publishers Strongsville, OH | $5,732,746 | $2,811,473 |
Paulist Press Inc Mahwah, NJ | $4,505,578 | $989,159 |
Moments With The Book Bedford, PA | $1,455,077 | $1,921,341 |
Presbyterian & Reformed Publishing Co Phillipsburg, NJ | $5,247,235 | $1,819,033 |
Heralds Of Hope Inc Breezewood, PA | $2,281,668 | $2,027,863 |
Chayenu Inc Brooklyn, NY | $453,060 | $1,363,073 |
Catholic Star Herald Camden, NJ | $352,087 | $1,261,448 |