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Nonprofiteer
← THE SWIFTY FOUNDATION

Form 990 for tax year 2024

Filed by THE SWIFTY FOUNDATION.

Totals

Total revenue
$4,182,241
Total expenses
$1,588,216
Contributions and grants received
$4,139,729
Grants paid
$1,160,980
Program service revenue
$0
Investment income
$42,512
Other revenue
$0
Total assets, end of year
$3,671,776
Total liabilities, end of year
$874,003
Net assets or fund balances, end of year
$2,797,773
Program services expenses (Part IX)
$1,358,358
Management and general expenses
$214,595
Fundraising expenses
$15,263
Program service expenses (Part III)
$1,358,358

Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,139,729

  • 3 · Investment income

    total $42,512 · excluded $42,512

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,160,980 · program services $1,160,980

  • 5 · Compensation of officers, directors and key employees

    total $120,000 · program services $106,800 · management and general $12,000 · fundraising $1,200

  • 7 · Other salaries and wages

    total $51,042 · program services $45,428 · management and general $5,104 · fundraising $510

  • 10 · Payroll taxes

    total $13,655 · program services $12,152 · management and general $1,366 · fundraising $137

  • 11c · Fees: accounting

    total $12,983 · management and general $12,983

  • 11f · Fees: investment management

    total $882 · management and general $882

  • 11g · Fees: other

    total $47,941 · management and general $47,941

  • 14 · Information technology

    total $11,893 · program services $10,438 · management and general $1,337 · fundraising $118

  • 15 · Royalties

    total $8,021 · program services $7,139 · management and general $802 · fundraising $80

  • 24a · Other expenses: Grant Expenses

    total $143,492 · management and general $130,447 · fundraising $13,045

  • 24b · Other expenses: Communication

    total $10,121 · program services $9,008 · management and general $1,012 · fundraising $101

  • 24c · Other expenses: Equipment

    total $3,810 · program services $3,391 · management and general $381 · fundraising $38

  • 24d · Other expenses: Miscellaneous

    total $1,610 · program services $1,433 · management and general $161 · fundraising $16

  • 24e · All other expenses

    total $1,786 · program services $1,589 · management and general $179 · fundraising $18

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,155 · end of year $71,219

  • 4 · Accounts receivable

    beginning of year $68,422 · end of year $25

  • 11 · Investments: publicly traded securities

    beginning of year $397,232 · end of year $3,600,532

  • 17 · Accounts payable and accrued expenses

    beginning of year $26 · end of year $21

  • 18 · Grants payable

    beginning of year $596,071 · end of year $873,982

  • 27 · Net assets without donor restrictions

    beginning of year $175,712 · end of year $2,797,773

Mission and programs · 2024

Mission

The Swifty Foundation exists to support research aimed at understanding the causes of pediatric cancer and finding a cure. It issues research and infrastructure grants to hospitals, labs and researchers who are focused on improving the outcomes of children who are diagnosed with brain cancer.

Activities or mission (Part I)

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

  • 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.

    Expenses $1,358,358 · Grants $1,160,980

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Allen Gustafson

    Board Chair

    Total calculated
    $0
    Hours/week
    25

  • Bridget Gustafson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Ian Gustafson

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Kira Couch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter Clark

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patti Gustafson

    Executive Director

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202512899349301026

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