Swanson Foundation
- Assets
- $1.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- Data as of
- 12/2022
- EIN
- 87-1901964
Organization Overview
Swanson Foundation is located in Fargo, ND. 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. 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 12/2022, Swanson Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bets Werpy Trustee | 2 | $0 | |
Terry Kraft Trustee | 2 | $0 | |
Leland Swanson Trustee | 2 | $0 | |
J Patrick Traynor Trustee | 2 | $0 | |
Arden Beachy Medical Director | 40 | $192,308 | |
Crystal Amundson Physician Assistant | 40 | $94,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,560,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $443,122 |
| Total Revenue | $2,003,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $241,500 |
| Pension plans, employee benefits | $0 |
| Interest | $16 |
| Taxes | $0 |
| Depreciation | $143,293 |
| Occupancy | $3,885 |
| Travel, conferences, and meetings | $8,053 |
| Printing and publications | $0 |
| Other expenses | $1,024,024 |
| Total operating and administrative expenses | $1,552,678 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,552,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,440 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,074 |
| 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 | $13,102 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $892,560 |
| Other assets | $0 |
| Total assets | $1,725,176 |
| Accounts payable and accrued expenses | $50,730 |
| Grants payable | $0 |
| Deferred revenue | $62,877 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $113,607 |