Overview
What is Swanc Inc?
Swanc Inc, headquartered unspecified, is a charitable organization that focuses on assisting underprivileged students in pursuing higher education. They accomplish this by offering financial aid programs, such as Prepaid Affordable College Tuition Grants (P.A.C.T.s) and "Tuition & Fees" scholarships. These resources provide substantial support to numerous students in their academic journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
Swanc Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong score of 80%. This rating is based solely on its accountability and finance metrics, indicating a solid commitment to transparency and responsible financial management. The charity's performance in areas such as board independence and asset management demonstrates a robust governance structure.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, it has shown no material diversion of assets, which is a positive indicator of financial integrity. The charity maintains a conflict of interest policy and documents its board meeting minutes, further highlighting its commitment to accountability.
However, while the financial ratios are favorable, with a program expense ratio of 73.19%, users may want to explore the charity's programmatic impact and community engagement initiatives to gain a fuller picture of its effectiveness. Overall, Swanc Inc's financial health and governance practices are commendable, positioning it as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Swanc Inc legitimate?
Swanc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swanc Inc 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:
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What is the mission statement of Swanc Inc?
Swanc Inc, through its mission, aims to assist needy children by providing post-secondary educational funding. This is accomplished through various programs, such as Prepaid Affordable College Tuition Grants (P.A.C.T.s) and "Tuition & Fees" scholarships. These initiatives benefit a substantial number of students, enabling them to pursue higher education. By doing so, Swanc Inc is contributing to the betterment of these students' future prospects.
Who is the CEO of Swanc Inc?
Phillip Woods is the Principal Officer of Swanc Inc.
What is the revenue of Swanc Inc?
Swanc Inc's revenue in 2023 was $40,027.
Who are the executives of Swanc Inc and what are their salaries?
There 11 volunteers at Swanc Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Swanc Inc?
Swanc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Swanc Inc
Swanc Inc, a nonprofit organization, is dedicated to Steelworkers Assisting Needy Children's mission. This mission focuses on providing post-secondary educational funding for numerous students. Swanc Inc implements this through various programs, such as Prepaid Affordable College Tuition Grants (P.A.C.T.s) and "Tuition & Fees" scholarships. These initiatives aim to alleviate the financial burden of higher education, benefiting a substantial number of students. By doing so, Swanc Inc contributes to the academic success and future prospects of the recipients, thereby fostering a more educated and capable society.
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Impact
August, 2024
Swanc Inc's impact is significant in providing crucial post-secondary educational funding to students in need. Through programs like Prepaid Affordable College Tuition Grants (P.A.C.T.s) and "Tuition & Fees" scholarships, it helps numerous students from Fairfield, AL, pursue higher education. Swanc Inc plays a vital role in supporting these students in their educational pursuits, enabling them to access opportunities they might not have otherwise had.
This information is meant to be a general summary of Swanc Inc. 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 2023.
- Investment Income: $689
- Gross Receipts: $40,027
Assets and Liabilities:
- Total Assets: $1,098,930
- Total Liabilities: $17,119
- Net Assets: $1,081,811
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Organization Details
Founding Year
1995
Phone
(205) 425-4401Principal Officer
Phillip Woods
Main Address
P O Box 525, Fairfield, AL, 350640525
NTEE Category
Code: B82 - Education
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