Marvin M Schwan Charitable Foundation
- Assets
- $382.9m
- Revenue
- $16.6m
- Investments
- $81.8m
- Employees
- 2
- Location
- Earth City, MO
- Founding
- 11/1993
- Data as of
- 12/2019
- EIN
- 36-3918630
Organization Overview
Marvin M Schwan Charitable Foundation is located in Earth City, MO. The organization was established in 1993. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Marvin M Schwan Charitable Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Marvin M Schwan Charitable Foundation generated $16.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $15.8m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marvin M Schwan Charitable Foundation has awarded 40 individual grants totaling $63,973,755. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO SPECIFIC RELIGIOUS ORGANIZATIONS AS SPECIFIED BY THE TRUST'S GOVERNING DOCUMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT TO SPECIFIC RELIGIOUS ORGANIZATIONS AS SPECIFIED BY THE MARVIN M. SCHWAN CHARITABLE FOUNDATION'S TRUST GOVERNING DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Keith Boheim Exec Director | Officer | 40 | $294,676 |
Lyle Fahning Trustee | Trustee | 0.5 | $13,000 |
Gary Stimac Trustee | Trustee | 0.5 | $13,000 |
Lawrence Rast Jr Trustee | Trustee | 0.5 | $13,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Investments Investment Mgmt | 12/30/19 | $120,330 |
Bdo Usa Lllp Accounting And Tax | 12/30/19 | $102,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $10,076,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,483,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,559,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000,300 |
| 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. | $319,643 |
| Compensation of current officers, directors, key employees. | $159,821 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,536 |
| Pension plan accruals and contributions | $3,039 |
| Other employee benefits | $13,582 |
| Payroll taxes | $15,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,352 |
| Fees for services: Accounting | $128,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,100,449 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,266 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,818 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110 |
| Insurance | $7,540 |
| All other expenses | $8,366 |
| Total functional expenses | $15,848,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,235,023 |
| Savings and temporary cash investments | $719,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,455,882 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $277,068,483 |
| Investments—other securities | $81,843,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,546,297 |
| Total assets | $382,868,376 |
| Accounts payable and accrued expenses | $341,169 |
| 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 | $341,169 |
| Net assets without donor restrictions | $382,527,207 |
| Net assets with donor restrictions | $0 |
| 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 | $382,868,376 |
Grants Awarded
Over the last fiscal year, Marvin M Schwan Charitable Foundation has awarded $13,000,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: religious land and buildings | $3,960,000 |
Mankato, MN PURPOSE: religious land and buildings | $2,872,500 |
Waukesha, WI PURPOSE: church and families | $2,163,000 |
Saint Louis, MO PURPOSE: religious foreign missions | $2,050,500 |
Waukesha, WI PURPOSE: Religious Foreign Missions | $873,000 |
Mankato, MN PURPOSE: Religious foreign Missions | $461,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO | $382,868,376 | $16,559,973 |
Brahmananda Saraswati Foundation Fairfield, IA | $91,553,093 | $11,269,906 |
Global Ministries Foundation Cordova, TN | $17,643,642 | $2,933,405 |
Wiseheart Foundation Memphis, TN | $7,952,831 | $3,311,794 |
Perception Funding Inc Kansas City, MO | $481,513 | $2,201,320 |
Church Loan Fund Inc Cleveland, TN | $44,104,861 | $2,125,597 |
Catholic Community Foundation Kansas City, MO | $5,519,161 | $2,887,022 |
Blood Water Mission Inc Nashville, TN | $213,093 | $1,739,723 |
Reruns R Fun Inc Omaha, NE | $1,478,231 | $851,256 |
Community Interfaith Food Pantry Belleville, IL | $909,697 | $1,073,601 |
Adoratio Foundation Beloit, KS | $539,433 | $900,679 |
Norwalk Area Ministerial Association Norwalk, IA | $101,534 | $413,307 |