Arvid W And Judy R Schwartz Family Foundation
- Assets
- $597.0k
- Revenue
- $99.7k
- Investments
- $280.2k
- Employees
- 0
- Location
- Green Isle, MN
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 41-2013422
Organization Overview
Arvid W And Judy R Schwartz Family Foundation is located in Green Isle, MN. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Arvid W And Judy R Schwartz 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 12/2023, Arvid W And Judy R Schwartz Family Foundation generated $99.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $36.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arvid W And Judy R Schwartz Family Foundation has awarded 101 individual grants totaling $228,300. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvid W Schwartz President | 0.01 | $0 | |
Judy R Schwartz Vice President | 0.01 | $0 | |
Lance W Schwartz Secretary | 0.01 | $5,000 | |
Carolle R Alfred Treasurer | 0.01 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,000 |
| Interest on Savings | $2,471 |
| Dividends & Interest | $6,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $818 |
| Capital Gain Net Income | $818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $87 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,275 |
| Total operating and administrative expenses | $18,677 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $36,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,741 |
| Savings and temporary cash investments | $102,146 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $280,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $136,933 |
| Total assets | $596,986 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Arvid W And Judy R Schwartz Family Foundation has awarded $18,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM LUTHERAN CHURCH PURPOSE: GENERAL SUPPORT | $500 |
BRANCH LUTHERAN SCHOOLS OF HAITI INC PURPOSE: GENERAL SUPPORT | $500 |
EVANGELICAL LUTHERAN SYNOD PURPOSE: GENERAL SUPPORT | $450 |
LIGHTHOUSE YOUTH CENTER PURPOSE: GENERAL SUPPORT | $2,000 |
MN VALLEY LUTHERAN HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $2,000 |
ST JOHN'S LUTHERAN CHURCH PURPOSE: GENERAL SUPPORT | $1,000 |