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Swatc Foundation FY2024 filing

Tax-deductible

Cedar City, UT501(c)(3)Since 2012Education EIN 46-1233025Revenue $276K in FY2024

On file with the IRS757 W 800 South 214k, 84720-1202 · Cedar City, UTTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the organization is to provide funding to support the educational purposes of southwest technical college.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $103K a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
54 mo
of spending, in cash
Looks good: 53.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $40K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$190K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 10 voting members
Looks good: 6 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$276K
-33% vs prior year
Spent
$258K
To programs
78%
Net assets
$969K
By yearFY2021–FY2025
Revenue
$276K
FY2024▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2021$183K
FY2022$279K
FY2023$411K
FY2024$276K
FY2025$417K
Expenses
$258K
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$189K
FY2022$61K
FY2023$199K
FY2024$258K
FY2025$343K
Net assets
$969K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$521K
FY2022$739K
FY2023$951K
FY2024$969K
FY2025$1.0M

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $202K Management & general 0% · $1K Fundraising 21% · $55K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Brennan Wood
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Neal Mason
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Liz Biller
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Swatc Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds Southwest Technical College's educational programs.

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Provided by the organization

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1 program · $202K · in their own filed words · FY2023
01

$183,966 was awarded to southwest technical college students for scholarships. These scholarships are mostly given as gap funding to students who seek other financial aid and need these scholarships to cover the gaps they do not receive in other financial aid opportunities.

$202Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Ihc Health Services INCFY2022$30K
Dominion Energy Charitable FoundationFY2022$10K
Total grants receivedfrom 2 funders$40K
Grants paid · 6 grants · $710K · 2020–2024
Unitemized GrantFY2024$244,430
Southwest Technical CollegeFY2024$39,822
Unitemized GrantFY2023$183,966
Unitemized GrantFY2022$101,104
Southwest Tech CollegeFY2020$88,224
Unitemized GrantFY2020$52,637

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$276K
Ln 12
Gifts and grantsLn 1h$234K
Investment incomeLn 3$42K
Money outPt IX
$258K
Ln 25
Programscol B$202K
Managementcol C$1K
Fundraisingcol D$55K
Owns and owesPt X
$969K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$190K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Investment incomeLn 3$42K
Total revenueLn 12$276K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$190K
Net assetsLn 32$969K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$1.2M
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$143K$190K
Net assetsLn 32$951K$969K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$184K$184K
Accounting feesLn 11c$1K$1K
Professional fundraising feesLn 11e$55K$55K
Other fees for servicesLn 11g$13K$13K$28
Advertising and promotionLn 12$5K$5K
TravelLn 17$103$103
Total functional expensesLn 25$258K$202K$1K$55K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $417K$343K$73K$1.0M 990 PDF
FY2024 Viewing $276K$258K$18K$969K 990 PDF
FY2023 $411K$199K$212K$951K 990 PDF
FY2022 $279K$61K$218K$739K 990 PDF
FY2021 $183K$189K−$6K$521K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $276,250 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $391,425$233,886
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $19,495$42,364
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $410,920$276,250
I-13 Grants and similar amounts paidPrior year $101,104$183,966
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $53,000$54,895
I-17 Other expensesPrior year $44,705$19,304
I-18 Total expensesPrior year $198,809$258,165
I-19 Revenue less expensesPrior year $212,111$18,085
Part VI · Governance 6 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $276,250 across 5 lines filed
VIII-1d Related organizations$62,561
VIII-1f All other contributions, gifts and grants$171,325
VIII-1h Total contributions, gifts and grants$233,886
VIII-3 Investment incomeExcluded from tax $42,364$42,364
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $42,364$276,250
Part IX · Statement of functional expenses $258,165 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $183,966$183,966
IX-11c Accounting feesManagement $1,000$1,000
IX-11e Professional fundraising feesFundraising $54,895$54,895
IX-11g Other fees for servicesPrograms $13,424 · Management $28$13,452
IX-12 Advertising and promotionPrograms $4,749$4,749
IX-17 TravelPrograms $103$103
IX-25 Total functional expensesPrograms $202,242 · Management $1,028 · Fundraising $54,895$258,165
Part X · Balance sheet $1,158,626 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $566,529$89,003
X-2 Savings and temporary cash investmentsStart of year $527,260$1,069,623
X-16 Total assetsStart of year $1,093,789$1,158,626
X-17 Accounts payable and accrued expensesStart of year $142,824$189,576
X-26 Total liabilitiesStart of year $142,824$189,576
X-27 Net assets without donor restrictionsStart of year $950,965$969,050
X-32 Total net assets or fund balancesStart of year $950,965$969,050
X-33 Total liabilities and net assetsStart of year $1,093,789$1,158,626
Part XI · Reconciliation of net assets $969,050 net assets at year end
XI-1 Total revenue$276,250
XI-2 Total expenses$258,165
XI-3 Revenue less expenses$18,085
XI-4 Net assets at start of year$950,965
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$969,050

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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