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Swmch Foundation FY2023 filing

Tax-deductible

Edgerton, MN501(c)(3)EducationEIN 81-1045411Revenue $34K in FY2023

On file with the IRS550 W Elizabeth St, 56128-2777 · Edgerton, MNTax-exempt since Apr 2016Supporting org, Type I — 509(a)(3)

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The Foundation exists to give monetary support to swm christian high school, a 501-c-3 org., grants are given that the school uses to fund its' mission and purpose.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
3 of 5
filings with a surplus
Average surplus $41K a year · 48% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
-34% vs prior year
Spent
$41K
To programs
98%
Net assets
$1.4M
By yearFY2021–FY2025
Revenue
$34K
FY2023▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2021$255K
FY2022$52K
FY2023$34K
FY2024$29K
FY2025$61K
Expenses
$41K
FY2023▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2021$41K
FY2022$51K
FY2023$41K
FY2024$41K
FY2025$52K
Net assets
$1.4M
FY2023<0.01%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
FY2025$1.6M

From the FY2023 Form 990 (year ending May 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-10-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2016.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $40K Management & general 2% · $987

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Todd Vis
Secretary/Trustee
$0Pt VII · Sec A
Karen Walhof
Treasurer/Trustee
$0Pt VII · Sec A
Ron Nykamp
Far Comm. Chr./Trustee
$0Pt VII · Sec A
Larry Top
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Roger Talsma
President/Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Swmch 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides money to support a Christian high school's mission and purpose.

Questions for Swmch Foundation

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Provided by the organization

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1 program · $40K · in their own filed words · FY2022
01

To SWM christian high school see schedule o

$40Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $221K · 2020–2024
Southwest Minnesota Christian SchoolsMN · FY2024$51,000
Southwest Minnesota Christian SchoolsMN · FY2023$40,000
Southwest Minnesota Christian SchoolsMN · FY2022$40,000
Southwest Minnesota Christian SchoolsMN · FY2021$50,000
Southwest Minnesota Christian SchoolsMN · FY2020$40,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$34K
Ln 12
Other incomeLn 4–11$22K
Gifts and grantsLn 1h$12K
Money outPt IX
$41K
Ln 25
Programscol B$40K
Managementcol C$987
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$934
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Other incomeLn 4–11$22K
Total revenueLn 12$34K
Assets in detailPt X, end of year
CashLn 1$934
Cash and savings togetherLn 1–2$934
InvestmentsLn 11–13$815K
Land, buildings, equipmentLn 10c$591K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderMay
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 FY23End FY23
Cash and savingsLn 1–2$2K$934
InvestmentsLn 11–13$814K$815K
Land, buildings, equipmentLn 10c$591K$591K
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Legal feesLn 11b$350$0$350$0
Office expensesLn 13$12$0$12$0
Information technologyLn 14$625$0$625$0
Total functional expensesLn 25$41K$40K$987$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $61K$52K$9K$1.6M 990 PDF
FY2024 $29K$41K−$12K$1.5M 990 PDF
FY2023 Viewing $34K$41K−$7K$1.4M 990 PDF
FY2022 $52K$51K$2K$1.4M 990 PDF
FY2021 $255K$41K$214K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $34,399 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,571$12,092
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $13,693$22,307
I-12 Total revenuePrior year $52,264$34,399
I-13 Grants and similar amounts paidPrior year $50,000$40,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $612$987
I-18 Total expensesPrior year $50,612$40,987
I-19 Revenue less expensesPrior year $1,652−$6,588
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $34,399 across 4 lines filed
VIII-1f All other contributions, gifts and grants$12,092
VIII-1h Total contributions, gifts and grants$12,092
VIII-6 Net rental income or lossRelated to mission $22,307$22,307
VIII-12 Total revenueRelated to mission $22,307 · Unrelated business $0 · Excluded from tax $0$34,399
Part IX · Statement of functional expenses $40,987 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $40,000$40,000
IX-11b Legal feesPrograms $0 · Management $350 · Fundraising $0$350
IX-13 Office expensesPrograms $0 · Management $12 · Fundraising $0$12
IX-14 Information technologyPrograms $0 · Management $625 · Fundraising $0$625
IX-25 Total functional expensesPrograms $40,000 · Management $987 · Fundraising $0$40,987
Part X · Balance sheet $1,406,587 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,523$934
X-10c Land, buildings and equipment, netStart of year $591,100$591,100
X-12 Other securitiesStart of year $813,956$814,553
X-16 Total assetsStart of year $1,406,579$1,406,587
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,406,579$1,406,587
X-33 Total liabilities and net assetsStart of year $1,406,579$1,406,587
Part XI · Reconciliation of net assets $1,406,587 net assets at year end
XI-1 Total revenue$34,399
XI-2 Total expenses$40,987
XI-3 Revenue less expenses−$6,588
XI-4 Net assets at start of year$1,406,579
XI-10 Net assets at end of year$1,406,587

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

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