Overview
What is Byron S Swearingen Trust?
The Byron S Swearingen Trust is a charitable organization situated in Las Vegas, Nevada, with an address at 6325 S Rainbow Blvd, Suite 300. Its primary objective is to manage and invest its assets, generating income that is subsequently distributed according to the terms of its trust instrument. The main beneficiary of these funds is Pomona College, a renowned educational institution. The Trust's activities are primarily focused on asset management and income distribution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 72%)
The Byron S. Swearingen Trust has received a rating of "Needs Improvement" from Charity Navigator, scoring 72%. This rating reflects a strong performance in accountability and finance, where it scored a perfect 100%. Notable strengths include a fully independent board, a solid record for material diversion of assets, and compliance with whistleblower and conflict of interest policies.
Despite its strengths, the organization faced significant shortcomings, particularly in the transparency of its financial reporting, where it received a zero for the posting of financial statements and tax forms on its website. Additionally, the independent board size scored poorly, which may raise concerns about governance. Addressing these areas could enhance the trust's credibility and overall rating.
Overall, while the Byron S. Swearingen Trust demonstrates effective governance practices and financial health, improvements in transparency and board composition are necessary to better align with best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Byron S Swearingen Trust legitimate?
Byron S Swearingen Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Byron S Swearingen Trust 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: $87,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Byron S Swearingen Trust?
The Byron S Swearingen Trust's primary objective is to manage its assets effectively and generate income. This income is then distributed in accordance with the stipulations outlined in the trust instrument. The central focus of the trust's activities is to support Pomona College financially, ensuring its continued operation and growth. By adhering to the trust instrument, the Byron S Swearingen Trust plays a significant role in contributing to the educational environment and future of the institution.
Who is the CEO of Byron S Swearingen Trust?
Unavailable
What is the revenue of Byron S Swearingen Trust?
Byron S Swearingen Trust's revenue in 2022 was $203,605.
Who are the executives of Byron S Swearingen Trust and what are their salaries?
There 1 volunteer at Byron S Swearingen Trust.
There is 1 key member and their salary:
- Compensation: $87,685
- Related: $0
- Other: $0
Where can I find the form 990 for Byron S Swearingen Trust?
Byron S Swearingen Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Byron S Swearingen Trust
Byron S Swearingen Trust is a dedicated organization with a clear mission. Its primary objective is to invest its assets, thereby generating income. This income is then distributed in accordance with the trust's instrument to Pomona College. In simpler terms, the trust's role is to manage its funds, generate returns, and distribute these earnings, all in line with the specific guidelines outlined in its trust instrument, primarily benefiting Pomona College. The trust's activities are centered around this financial management and distribution process.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Byron S Swearingen Trust significantly contributes to the financial stability and growth of Pomona College through its strategic investment and income distribution activities. By effectively investing its assets, the trust generates income that is then allocated to the college in accordance with the trust's guidelines. This support plays a crucial role in funding various programs, scholarships, and initiatives at Pomona College, enhancing the educational experience for students and fostering academic excellence. The ongoing financial backing from the trust helps sustain the college's mission and allows it to adapt to changing educational needs, ultimately benefiting the entire academic community.
This information is meant to be a general summary of Byron S Swearingen Trust. 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: $203,605
- Gross Receipts: $651,326
Assets and Liabilities:
- Total Assets: $6,156,830
- Total Liabilities: $0
- Net Assets: $6,156,830
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1966
Phone
(888) 730-4933Main Address
6325 S RAINBOW BLVD STE 300, LAS VEGAS, NV, 89118
NTEE Category
Code: T00 - Philanthropy
If you are a representative of Byron S Swearingen Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.