Swift Charities INC EIN 20-3242524 Form 990 (PDF) Claim this org

Swift Charities INC FY2021 filing

Not yet claimed Claim this org →

Helps Swift Transportation employees in need, funds children's scholarships, and improves communities through giving. For fiscal year 2021 it reported $797K in revenue, $1.2M in expenses, and $785K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Phoenix, AZ
Website
www.swiftcharities.org
Filings
5 on file (2020–2021)
Revenue
$797KFY2021
Expenses
$1.2M
Net assets
$785K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-3242524 Public foundation / grantmaker Phoenix, AZ
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Swift Charities INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Helps Swift Transportation employees in need, funds children's scholarships, and improves communities through giving.
Leadership
Jerry Moyes · President
Money in and out
$797K revenue, $1.2M expenses
Bottom line
98% program efficiency
Grants paid & assets · FY2021
Total revenue
$797K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$785K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$362K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-45%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$797K
FY2021▼ -17%
Expenses
$1.2M
FY2021▲ +35%
Total assets
$785K
FY2021▼ -29%
Total liabilities
$0
FY2021
Total revenue
$797K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$785K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$362K
Total assetsPt X · Ln 16$785K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421
Mission & Programs · Part III

Where the work happens

3 program services account for $1.1M of program spending, described in the organization's own filed words · FY2021.
01

The scholarship fund provides scholarships to students through the scholarships program of the arizona community foundation

$579Kprogram expense
02

The employee assistance fund provides grants to employees of swift transporation, affiliates and their dependents, who have suffered an unusual financial hardship

$330Kprogram expense
03

The community grant fund provides grants to charitable organizations in local communities that serve and improve the community

$222Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSwift Charities INC
EINHdr · item D20-3242524
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jwww.swiftcharities.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Swift Charities INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants99%$793K
Investment income$4K
Other revenue$500
Total revenueLn 12$797K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$1.1M
Management & general2%$28K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$255K
Total assetsLn 16$785K
Total liabilitiesLn 26$0
Total net assetsLn 32$785K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $785K · Operating expenses/yr $1.2M
8.1 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.2M
98%
Management & General
Management & general $28K · Total expenses $1.2M
2%
Fundraising
Fundraising $0 · Total expenses $1.2M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $876K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $793K · Total revenue $797K
99%
Government reliance
Government grants — · Total revenue $797K
Earned-income share
Program service revenue $0 · Total revenue $797K
0%
Investment reliance
Investment income $4K · Total revenue $797K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $797K · Prior year $959K
-17%
Net-asset trend (YoY)
End of year $785K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $797K · Expenses $1.2M
-45%
Liabilities-to-Assets
Total liabilities — · Total assets $785K
Net-asset ratio
Net assets $785K · Total assets $785K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $531K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $785K
68%
People & payroll
Highest Reported Total Compensation
Individual Jerry Moyes · Reported title President · Highest reported compensation $0 · Total expenses $1.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.2M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -17%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$4K
Grants paid · 10 grants · $2.6M · 2020–2024
Unitemized GrantFY2024$315,269
Arizona Community FoundationAZ · FY2024$130,000
Childrens Miracle NetworkUT · FY2024$62,500
Unitemized GrantFY2023$301,819
Unitemized GrantFY2022$350,195
Arizona Community FoundationAZ · FY2021$579,312
Unitemized GrantFY2021$330,045
Childrens Miracle NetworkUT · FY2021$100,000
Unitemized GrantFY2020$392,899
Cancer Support Community-AzFY2020$25,000

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$650K revenue · ⤓ 990 PDF
FY2023$872K revenue · ⤓ 990 PDF
FY2022$895K revenue · ⤓ 990 PDF
FY2021$797K revenue · viewing · ⤓ 990 PDF
FY2020$959K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.