Edward L Schwab Memorial Foundation
- Assets
- $1.7m
- Revenue
- $351.3k
- Investments
- $690.8k
- Employees
- 0
- Location
- Aberdeen, SD
- Founding
- 04/1997
- Data as of
- 08/2022
- EIN
- 91-1770168
Organization Overview
Edward L Schwab Memorial Foundation is located in Aberdeen, SD. The organization was established in 1997. 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. Edward L Schwab Memorial 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 08/2022, Edward L Schwab Memorial Foundation generated $351.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $355.9k during the year ending 08/2022. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward L Schwab Memorial Foundation has awarded 201 individual grants totaling $1,648,060. 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 |
|---|---|---|---|
Dacotah Bank Manager | 1 | $33,971 | |
Tammie Paulson Member | 0.5 | $0 | |
David Moritz Vice President | 0.5 | $0 | |
Barb Desnoyers Secretary/treasurer | 0.5 | $0 | |
Matt Hofman Member | 0.5 | $0 | |
Tom Labrie President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,177 |
| Interest on Savings | $11,557 |
| Dividends & Interest | $8,945 |
| Net Rental Income | $253,737 |
| Net Gain on Sale of Assets | $29,451 |
| Capital Gain Net Income | $29,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $8,177 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $351,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,971 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,519 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,728 |
| Total operating and administrative expenses | $77,000 |
| Contributions, gifts, grants paid | $278,905 |
| Total expenses and disbursements | $355,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,769 |
| 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 | $955,852 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,233 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,693,468 |
| 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, Edward L Schwab Memorial Foundation has awarded $278,905 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Watertown, SD PURPOSE: SCHOLARSHIPS | $55,147 |
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $52,580 |
MOUNT MARTY COLLEGE PURPOSE: SCHOLARSHIPS | $28,255 |
Vermillion, SD PURPOSE: SCHOLARSHIPS | $28,175 |
Madison, SD PURPOSE: SCHOLARSHIPS | $16,582 |
Aberdeen, SD PURPOSE: SCHOLARSHIPS | $14,108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |