The Swifty Foundation FY2023 filing

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Support research aimed at understanding the causes of pediatric cancer and finding a cure

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $511K a year · 29% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $397K in investments, Pt X · Ln 11–13
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $3.5M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$596K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$774K
+3% vs prior year
Spent
$1.2M
To programs
92%
Net assets
$176K
By yearFY2020–FY2024
Revenue
$774K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$798K
FY2022$750K
FY2023$774K
FY2024$4.2M
Expenses
$1.2M
FY2023▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$888K
FY2023$1.2M
FY2024$1.6M
Net assets
$176K
FY2023▼ -68%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$913K
FY2022$556K
FY2023$176K
FY2024$2.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2017.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.1M Management & general 8% · $96K Fundraising 0% · $3K

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

6 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$120,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Patti Gustafson’s $120K as Executive Director is at the 46th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Patti Gustafson$120,000$120,000$120,000$120,000$120,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Swifty Foundation executive salaries →

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

Fund research to understand and cure childhood cancer.

Questions for The Swifty Foundation

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1 program · $1.1M · in their own filed words · FY2023
01

Grants were made to fund cancer research, Medulloblastoma Conference, Children's Brain Tumor Network and for general operations. See Schedules I and F for details. 100% of every donation is used for grant awards and programs. Administrative expenses are paid with funds donated by the Organization's founders.

$1.1Mprogram 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 · FY2024
See all 5 funders →
Grants paid · 23 grants · $4.6M · 2020–2024
See all 23 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$774K
Ln 12
Gifts and grantsLn 1h$729K
Investment incomeLn 3$45K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$96K
Fundraisingcol D$3K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$306K
Total assetsLn 16$772K
LiabilitiesLn 26$596K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$729K
Investment incomeLn 3$45K
Gains on assetsLn 7$22K
Total revenueLn 12$774K
Assets in detailPt X, end of year
CashLn 1$306K
Cash and savings togetherLn 1–2$306K
Accounts receivableLn 4$68K
InvestmentsLn 11–13$397K
Total assetsLn 16$772K
LiabilitiesLn 26$596K
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 52
VolunteersI 627
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$233K$306K
InvestmentsLn 11–13$510K$397K
Total assetsLn 16$1.2M$772K
LiabilitiesLn 26$674K$596K
Net assetsLn 32$556K$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$809K$809K
Pay of current officers, directors and key staffLn 5$120K$107K$12K$1K
Other salaries and wagesLn 7$83K$74K$8K$834
Payroll taxesLn 10$20K$18K$2K$201
Legal feesLn 11b$76$76
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$56K$56K
Office expensesLn 13$38K$36K$2K$228
Information technologyLn 14$6K$5K$556$56
Other expenses (24a–d)Ln 24$46K$46K
Total functional expensesLn 25$1.2M$1.1M$96K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 16, 2025 $4.2M$1.6M$2.6M$2.8M 990 PDF
FY2023 ViewingFiled with the IRS Aug 8, 2024 $774K$1.2M−$419K$176K 990 PDF
FY2022Filed with the IRS Aug 7, 2023 $750K$888K−$138K$556K 990 PDF
FY2021Filed with the IRS Jul 19, 2022 $798K$1.4M−$581K$913K 990 PDF
FY2020Filed with the IRS Aug 26, 2021 $2.4M$1.3M$1.1M$1.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $773,736 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $512,146$729,024
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,080$44,712
I-11 Other revenuePrior year $220,000$0
I-12 Total revenuePrior year $750,226$773,736
I-13 Grants and similar amounts paidPrior year $577,800$808,693
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $215,225$223,529
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $94,974$160,445
I-18 Total expensesPrior year $887,999$1,192,667
I-19 Revenue less expensesPrior year −$137,773−$418,931
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $773,736 across 5 lines filed
VIII-1f All other contributions, gifts and grants$729,024
VIII-1h Total contributions, gifts and grants$729,024
VIII-3 Investment incomeExcluded from tax $22,229$22,229
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,483$22,483
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $44,712$773,736
Part IX · Statement of functional expenses $1,192,667 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $808,693$808,693
IX-5 Pay of current officers, directors and key staffPrograms $106,800 · Management $12,000 · Fundraising $1,200$120,000
IX-7 Other salaries and wagesPrograms $74,215 · Management $8,339 · Fundraising $834$83,388
IX-10 Payroll taxesPrograms $17,926 · Management $2,014 · Fundraising $201$20,141
IX-11b Legal feesManagement $76$76
IX-11c Accounting feesManagement $12,983$12,983
IX-11f Investment management feesManagement $1,570$1,570
IX-11g Other fees for servicesManagement $56,162$56,162
IX-13 Office expensesPrograms $36,092 · Management $2,061 · Fundraising $228$38,381
IX-14 Information technologyPrograms $4,944 · Management $556 · Fundraising $56$5,556
IX-24 Other expenses (24a–d)Programs $45,717$45,717
IX-25 Total functional expensesPrograms $1,094,387 · Management $95,761 · Fundraising $2,519$1,192,667
Part X · Balance sheet $771,809 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $233,339$306,155
X-4 Accounts receivableStart of year $95,025$68,422
X-11 Publicly traded securitiesStart of year $509,910$397,232
X-16 Total assetsStart of year $1,229,452$771,809
X-17 Accounts payable and accrued expensesStart of year $1,461$26
X-18 Grants payableStart of year $672,165$596,071
X-26 Total liabilitiesStart of year $673,626$596,097
X-27 Net assets without donor restrictionsStart of year $555,826$175,712
X-32 Total net assets or fund balancesStart of year $555,826$175,712
X-33 Total liabilities and net assetsStart of year $1,229,452$771,809
Part XI · Reconciliation of net assets $175,712 net assets at year end
XI-1 Total revenue$773,736
XI-2 Total expenses$1,192,667
XI-3 Revenue less expenses−$418,931
XI-4 Net assets at start of year$555,826
XI-5 Net unrealized gains (losses) on investments$38,817
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$175,712

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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