Schwan Family Foundation
- Assets
- $650.5k
- Revenue
- $66.1k
- Investments
- $503.9k
- Employees
- 0
- Location
- Glen Ellyn, IL
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-0734835
Organization Overview
Schwan Family Foundation is located in Glen Ellyn, IL. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Schwan 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 12/2022, Schwan Family Foundation generated $66.1k 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 (26.7%) each year. All expenses for the organization totaled $54.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Schwan Family Foundation has awarded 44 individual grants totaling $429,742. 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 |
|---|---|---|---|
John J Schwan III President, Secretary & Dir | 0.19 | $0 | |
Regina M Schwan V. President, Treasurer & | 0 | $0 | |
John J Schwan II Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $668 |
| Capital Gain Net Income | $668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4 |
| Total Revenue | $66,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $308 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $8,451 |
| Contributions, gifts, grants paid | $46,319 |
| Total expenses and disbursements | $54,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,578 |
| Savings and temporary cash investments | $0 |
| 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 | $503,881 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $650,459 |
| 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, Schwan Family Foundation has awarded $46,319 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL OF CHICAGO FOUNDATION PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $20,000 |
AMBASSADORS FOOTBALL CLUB PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $6,000 |
FOUNDATION FOR SARCOIDOSIS PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $12,500 |
JUSTGIVINGCOM PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $402 |
ST PETRONILLE CATHOLIC SCHOOL PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $1,917 |
START EARLY PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $500 |