Swedenborg Foundation Inc
- Assets
- $16.6m
- Revenue
- $2.1m
- Investments
- $992.0k
- Employees
- 24
- Location
- West Chester, PA
- Founding
- 04/1938
- Data as of
- 12/2022
- 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 12/2022, Swedenborg Foundation Inc employed 24 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 12/2022, Swedenborg Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 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
2022
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 |
|---|---|---|---|
Rev Kevin Baxter Director | Trustee | 5 | $0 |
Kaye Junge Lermitte Director | Trustee | 5 | $0 |
Chad Odhner Director | Trustee | 5 | $0 |
Dr Wendy Closterman Director | Trustee | 5 | $0 |
Ruth Clauser Director | Trustee | 5 | $0 |
Micah Sadigh Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,448 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $842,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $851,893 |
| Total Program Service Revenue | $0 |
| Investment income | $391,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $829,293 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$803 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,072,245 |
| 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. | $1,514,288 |
| Compensation of current officers, directors, key employees. | $319,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $67,689 |
| Other employee benefits | $167,420 |
| Payroll taxes | $118,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,710 |
| Fees for services: Accounting | $16,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,771 |
| Fees for services: Other | $402,685 |
| Advertising and promotion | $205,457 |
| Office expenses | $44,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,201 |
| Travel | $26,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,381 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,844 |
| Insurance | $16,438 |
| All other expenses | $8,766 |
| Total functional expenses | $2,860,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $227,731 |
| Accounts receivable, net | $5,655 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,536 |
| Prepaid expenses and deferred charges | $47,709 |
| Net Land, buildings, and equipment | $485,380 |
| Investments—publicly traded securities | $14,533,697 |
| Investments—other securities | $992,006 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,284 |
| Total assets | $16,602,874 |
| Accounts payable and accrued expenses | $22,626 |
| 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 | $44,284 |
| Total liabilities | $66,910 |
| Net assets without donor restrictions | $14,153,471 |
| Net assets with donor restrictions | $2,382,493 |
| 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 | $16,602,874 |