The Swifty Foundation
- Assets
- $2.1m
- Revenue
- $797.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Woodridge, IL
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 46-1853577
Organization Overview
The Swifty Foundation is located in Woodridge, IL. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Swifty Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swifty 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 12/2021, Swifty Foundation generated $797.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Swifty Foundation has awarded 20 individual grants totaling $4,917,929. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RESEARCH AIMED AT UNDERSTANDING THE CAUSES OF PEDIATRIC CANCER AND FINDING A CURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE TO FUND CANCER RESEARCH, MEDULLOBLASTOMA CONFERENCE, CHILDREN'S BRAIN TUMOR NETWORK AND FOR GENERAL OPERATIONS. SEE SCHEDULES I AND F FOR DETAILS. 100% OF EVERY DONATION IS USED FOR GRANT AWARDS AND PROGRAMS. ADMINISTRATIVE EXPENSES ARE PAID WITH FUNDS DONATED BY THE ORGANIZATION'S FOUNDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Gustafson Executive Director | Officer | 45 | $120,000 |
Ian Gustafson Treasurer | OfficerTrustee | 4 | $0 |
Bridget Gustafson Secretary | OfficerTrustee | 1 | $0 |
Allen Gustafson President | OfficerTrustee | 25 | $0 |
Kira Couch Director | Trustee | 1 | $0 |
Peter Clark Director | Trustee | 1 | $0 |
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 | $500,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,814 |
| Total Program Service Revenue | $0 |
| Investment income | $66,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $229,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,123,614 |
| 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. | $116,400 |
| Compensation of current officers, directors, key employees. | $11,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76 |
| Fees for services: Accounting | $12,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,115 |
| Fees for services: Other | $7,696 |
| Advertising and promotion | $0 |
| Office expenses | $12,414 |
| Information technology | $7,145 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,378,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,125 |
| Savings and temporary cash investments | $100,081 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,324,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,148,970 |
| Accounts payable and accrued expenses | $21 |
| Grants payable | $1,236,165 |
| 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 | $1,236,186 |
| Net assets without donor restrictions | $912,784 |
| 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 | $2,148,970 |
Grants Awarded
Over the last fiscal year, The Swifty Foundation has awarded $1,102,414 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Tissue navigator | $404,414 |
Palo Alto, CA PURPOSE: Tissue navigator | $300,000 |
Philadelphia, PA PURPOSE: General support for the Children's Brain Tumor Network | $250,000 |
Wynnewood, PA PURPOSE: Medulloblastoma research | $100,000 |
Orlando, FL PURPOSE: Autopsy support | $48,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Swifty Foundation has recieved totaling $306,449.
| Awarding Organization | Amount |
|---|---|
Dupage Community Foundation Downers Grove, IL PURPOSE: HEALTH SERVICES | $252,500 |
Ty Louis Campbell Foundation Inc Carmel, NY PURPOSE: TO SUPPORT THE SWIFTY FOUNDATION'S MISSION TO RAISE AWARENESS AND FUNDS FOR PEDIATRIC BRAIN CANCER RESEARCH AND TO PROVIDE RESEARCHERS WITH THE FUNDS AND ACCESS TO DISEASED TISSUE NEEDED TO EXPEDITE THE PROCESS OF FINDING CURES AND BRINGING THOSE CURES TO CHILDREN NOW. | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $16,500 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Penland Foundation Beaumont, TX PURPOSE: DONATION | $1,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |