Marvin M Schwan Charitable Foundation
- Assets
- $400.3m
- Revenue
- $27.9m
- Investments
- $101.0m
- Employees
- 2
- Location
- Earth City, MO
- Founding
- 11/1993
- Data as of
- 12/2022
- 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 12/2023, 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. Marvin M Schwan Charitable 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 12/2022, Marvin M Schwan Charitable Foundation generated $27.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $19.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marvin M Schwan Charitable Foundation has awarded 64 individual grants totaling $106,624,386. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
TO PROVIDE FINANCIAL SUPPORT TO SPECIFIC RELIGIOUS ORGANIZATIONS AS SPECIFIED BY THE MARVIN M. SCHWAN CHARITABLE FOUNDATION'S TRUST GOVERNING DOCUMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Keith Boheim Executive Director | Officer | 40 | $312,808 |
Lyle Fanning Trustee | Trustee | 2 | $13,000 |
Gary Stimac Trustee | Trustee | 2 | $13,000 |
Lawrence Rast Jr Trustee | Trustee | 2 | $13,000 |
Verlyn Hahn Trustee | Trustee | 2 | $13,000 |
Max Wenck Trustee | Trustee | 2 | $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 | $12,542,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,326,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,869,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,998,850 |
| 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. | $405,468 |
| Compensation of current officers, directors, key employees. | $235,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,713 |
| Payroll taxes | $14,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $949 |
| Fees for services: Accounting | $101,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,265,766 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,412 |
| Travel | $3,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,389 |
| All other expenses | $16,189 |
| Total functional expenses | $19,026,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,658 |
| Savings and temporary cash investments | $8,436,561 |
| 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 | $7,827,722 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,875 |
| Investments—publicly traded securities | $279,944,745 |
| Investments—other securities | $100,992,132 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,842,907 |
| Total assets | $400,319,600 |
| Accounts payable and accrued expenses | $300,751 |
| 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 | $83,697 |
| Total liabilities | $384,448 |
| Net assets without donor restrictions | $399,935,152 |
| 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 | $400,319,600 |
Grants Awarded
Over the last fiscal year, Marvin M Schwan Charitable Foundation has awarded $15,998,850 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN CHURCH MISSOURI SYNOD PURPOSE: religious foreign missions | $2,400,000 |
WISCONSIN EVANGELICAL LUTHERAN SYNOD PURPOSE: church and families | $2,372,100 |
WISCONSIN LUTHERAN COLLEGE PURPOSE: religious land and buildings | $5,037,000 |
BETHANY LUTHERAN COLLEGE PURPOSE: religious land and buildings | $3,890,500 |
EVANGELICAL LUTHERAN SYNOD PURPOSE: Religious foreign Missions | $522,750 |
MISSION ADVANCEMENT PROJECT PURPOSE: Religious Foreign Missions | $355,000 |