Max And Betty Swanson Foundation
- Assets
- $3.4m
- Revenue
- $373.5k
- Investments
- $3.0m
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 81-0535708
Organization Overview
Max And Betty Swanson Foundation is located in Missoula, MT. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Max And Betty Swanson 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, Max And Betty Swanson Foundation generated $373.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $236.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Max And Betty Swanson Foundation has awarded 383 individual grants totaling $1,043,258. 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 |
|---|---|---|---|
Clifford Gustafson Secretary/treasurer | 1 | $6,500 | |
Kurt Ingold President | 1 | $6,500 | |
David B Cotner Vice President | 1 | $6,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $81,619 |
| Net Rental Income | $52,614 |
| Net Gain on Sale of Assets | $211,459 |
| Capital Gain Net Income | $211,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $373,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,007 |
| Taxes | $5,436 |
| Depreciation | $8,005 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,407 |
| Total operating and administrative expenses | $110,696 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $236,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,616 |
| 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 | $2,998,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $296,716 |
| Total assets | $3,381,928 |
| 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 | $178,621 |
| Other liabilities | $50,000 |
| Total liabilities | $228,621 |
Grants Awarded
Over the last fiscal year, Max And Betty Swanson Foundation has awarded $126,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MONTANA PURPOSE: SCHOLARSHIP | $12,500 |
GREATER MISSOULA FAMILY YMCA PURPOSE: RENOVATE EXISTING RUSSELL STREET CAMPUS | $10,500 |
UNIVERSITY OF MONTANA PURPOSE: MAX AND BETTY SWANSON ATHLETIC SCHOLARSHIP | $10,000 |
HUMANE SOCIETY PURPOSE: ACCESS TO BASIC MEDICAL AND BEHAVIORAL SERVICES FOR PETS. | $6,500 |
Missoula, MT PURPOSE: UPDATE EQUIPMENT IN CHILDREN'S DEPARTMENT AND EXPAND ANNUAL SOCCER CAMP | $6,000 |
DALY MANSION PURPOSE: TO UPDATE PUBLIC BATHROOMS. | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
Mary H Storer Foundation Cheyenne, WY | $21,336,480 | $2,942,108 |
Black Hills Corporation Foundation Rapid City, SD | $5,164,188 | $1,056,391 |
Dakota Foundation Dtd 122997 Holaday A Bart Ttee Jamestown, ND | $13,979,318 | $537,848 |
Melaleuca Foundation A Non-Profit Corporation Idaho Falls, ID | $4,291,307 | $1,127,354 |
Angora Ridge Foundation Inc Whitefish, MT | $5,332,082 | $695,387 |
Majn Charitable Foundation Bozeman, MT | $6,304,721 | $298,088 |
2019 Wool Warehouse Inc Boise, ID | $0 | $34,124 |
Max And Betty Swanson Foundation Missoula, MT | $3,381,928 | $373,509 |
Idaho Power Foundation Inc Boise, ID | $2,282,598 | $1,007,591 |
Allison Ranch Ministries Foundation Inc Boise, ID | $15,936,586 | $906,559 |