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Nonprofiteer
← MARVIN M SCHWAN CHARITABLE FOUNDATION

Form 990 for tax year 2024

Filed by MARVIN M SCHWAN CHARITABLE FOUNDATION.

Totals

Total revenue
$49,239,185
Total expenses
$17,211,992
Contributions and grants received
$0
Grants paid
$14,200,000
Program service revenue
$0
Investment income
$49,239,185
Other revenue
$0
Total assets, end of year
$459,534,722
Total liabilities, end of year
$137,168
Net assets or fund balances, end of year
$459,397,554
Program services expenses (Part IX)
$14,407,430
Management and general expenses
$2,804,562
Fundraising expenses
$0
Program service expenses (Part III)
$14,407,430

Program services were 83.7% 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.

  • 3 · Investment income

    total $8,876,745 · unrelated business -$310,739 · excluded $9,187,484

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,455,609,282

  • 7b · Less cost or other basis and sales expenses

    securities $1,415,246,842

  • 7c · Gain or loss

    securities $40,362,440

  • 7d · Net gain or loss

    total $40,362,440 · unrelated business $310,739 · excluded $40,051,701

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,200,000 · program services $14,200,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $412,309 · program services $172,154 · management and general $240,155

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $9,974 · program services $4,974 · management and general $5,000

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $438 · program services $438

  • 10 · Payroll taxes

    total $15,419 · program services $7,900 · management and general $7,519

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $17,832 · management and general $17,832

  • 11c · Fees: accounting

    total $103,549 · management and general $103,549

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $2,361,759 · management and general $2,361,759

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $36,717 · program services $12,239 · management and general $24,478

  • 17 · Travel

    total $9,307 · program services $2,905 · management and general $6,402

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $8,493 · program services $2,831 · management and general $5,662

  • 24a · Other expenses: INCOME TAX EXPENSE

    total -$221 · management and general -$221

  • 24b · Other expenses: TRUSTEE EXPENSES

    total $17,017 · management and general $17,017

  • 24c · Other expenses: SUPPLIES

    total $831 · program services $277 · management and general $554

  • 24d · Other expenses: TELEPHONE

    total $3,221 · program services $1,074 · management and general $2,147

  • 24e · All other expenses

    total $15,347 · program services $2,638 · management and general $12,709

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $592,153 · end of year $598,381

  • 2 · Savings and temporary cash investments

    beginning of year $3,574,837 · end of year $22,995,664

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $5,463,593 · end of year $3,278,155

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $25,440

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,730

  • 10c · Land, buildings and equipment, net

    beginning of year $5,301 · end of year $3,710

  • 11 · Investments: publicly traded securities

    beginning of year $312,088,954 · end of year $32,463,623

  • 12 · Investments: other securities

    beginning of year $103,173,146 · end of year $399,395,367

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $672,895 · end of year $799,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $278,698 · end of year $116,797

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $53,345 · end of year $20,371

  • 27 · Net assets without donor restrictions

    beginning of year $425,238,836 · end of year $459,397,554

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO PROVIDE FINANCIAL SUPPORT TO SPECIFIC RELIGIOUS ORGANIZATIONS AS SPECIFIED BY THE MARVIN M. SCHWAN CHARITABLE FOUNDATION'S TRUST GOVERNING DOCUMENTS.

Activities or mission (Part I)

To provide financial support to specific religious organizations as specified by the trust's governing documents.

  • To provide financial support to specific religious organizations as specified by the marvin m. schwan charitable foundation's trust governing documents.

    Expenses $14,407,430 · Grants $14,200,000

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

Listed in Part VII

  • REV KEITH BOHEIM

    EXECUTIVE DIRECTOR

    Total calculated
    $344,309
    From this org
    $316,244
    From related orgs
    $0
    Other
    $28,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,244
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,473
    Nontaxable benefits
    $1,592
    Filer's total
    $344,309

  • LYLE FANNING

    trustee

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • LAWRENCE RAST JR

    trustee

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Verlyn Hahn

    trustee

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Max Wenck

    trustee

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WINGS OF PAPAGAYO LLC

    REAL ESTATE · MO · income $158,479 · assets $3,280,969

    Directly controlled by FILING ORG

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202543189349310404

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