Overview
What is The Marvin M Schwan Charitable Foundation?
The Marvin M Schwan Charitable Foundation is a Missouri-based philanthropic organization with a team of two individuals. Its primary mission is to provide financial assistance to selected religious institutions, as outlined in the foundation's trust documents. The foundation's activities focus on offering financial support to these religious organizations, ensuring their continued growth and impact in their respective communities.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
The Marvin M Schwan Charitable Foundation has received a Three-Star rating, indicating a solid commitment to accountability and finance. The overall score highlights the foundation's strong performance in various governance aspects, with a perfect score for having a fully independent board and no material diversion of assets, reflecting an effective oversight mechanism.
Notable strengths include a high program expense ratio of 83.06%, demonstrating that a significant portion of its resources is directed towards its charitable programs, which enhances its operational transparency. Additionally, the foundation has robust policies in place regarding conflicts of interest and whistleblower protections, contributing to a trustworthy governance structure.
While the foundation shows commendable financial responsibility, a single beacon score means that the assessment does not factor in other potential areas of impact or program effectiveness, which may limit a more comprehensive understanding of its overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Marvin M Schwan Charitable Foundation legitimate?
The Marvin M Schwan Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Marvin M Schwan Charitable Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $405,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,309
For more financial information, click here
What is the mission statement of The Marvin M Schwan Charitable Foundation?
The Marvin M Schwan Charitable Foundation is dedicated to providing financial assistance to specified religious organizations, as outlined in its trust governing documents. This philanthropic entity focuses on offering financial support to these religious organizations to help further their causes and missions. By adhering to the trust's guidelines, the foundation aims to make a positive impact in the religious community and contribute to their continued growth and development. The financial aid provided by the foundation plays a crucial role in supporting the various religious activities and initiatives, ensuring their sustainability and reaching a greater number of individuals.
Who is the CEO of The Marvin M Schwan Charitable Foundation?
Rev Keith Boheim is the Executive Director of The Marvin M Schwan Charitable Foundation.
What is the revenue of The Marvin M Schwan Charitable Foundation?
The Marvin M Schwan Charitable Foundation's revenue in 2022 was $27,869,209.
Who are the executives of The Marvin M Schwan Charitable Foundation and what are their salaries?
The average compensation at The Marvin M Schwan Charitable Foundation during 2022 was $207,388. There are 2 employees at The Marvin M Schwan Charitable Foundation.
Here are 6 key members and their salaries:
- Compensation: $312,808
- Related: $0
- Other: $27,660
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
Where can I find the form 990 for The Marvin M Schwan Charitable Foundation?
The Marvin M Schwan Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Marvin M Schwan Charitable Foundation
The Marvin M Schwan Charitable Foundation is a philanthropic organization committed to providing financial assistance to specified religious institutions, as outlined in its governing documents. This foundation takes pride in supporting these religious organizations financially, contributing to their important missions and making a difference in various communities.
Through its charitable efforts, The Marvin M Schwan Charitable Foundation plays a vital role in the religious sector by providing essential financial resources. Its mission is clear: to distribute funds to deserving religious organizations in accordance with the guidelines set forth in its trust agreement. By doing so, the foundation helps these organizations continue their valuable work, fostering spiritual growth and promoting positive change for countless individuals.
In essence, The Marvin M Schwan Charitable Foundation serves as a beacon of support for religious organizations in need. Its dedication to providing financial assistance empowers these institutions to thrive and make a profound impact on the lives of those they serve. By adhering to the foundation's mission, it ensures that these essential organizations have the necessary resources to carry out their important missions and strengthen their communities.
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Impact
October, 2024
The Marvin M Schwan Charitable Foundation significantly impacts several specific religious organizations by providing critical financial support as outlined in its governing documents. Located in Earth City, MO, the Foundation focuses on empowering these organizations, enabling them to fulfill their missions and serve their communities more effectively. Through its dedicated funding, the Foundation helps sustain various religious activities and initiatives, fostering growth and outreach within the faith-based community.
This information is meant to be a general summary of The Marvin M Schwan Charitable Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,869,209
- Gross Receipts: $103,216,671
Assets and Liabilities:
- Total Assets: $400,319,600
- Total Liabilities: $384,448
- Net Assets: $399,935,152
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Organization Details
Founding Year
1992
Phone
(314) 739-2116Principal Officer
Rev Keith Boheim
Main Address
514 EARTH CITY EXPRESSWAY Suite 233, EARTH CITY, MO, 63045
NTEE Category
Code: X120 - Religion related
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