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Nonprofiteer
← SWMF PROPERTIES INC

Form 990 for tax year 2023

Filed by SWMF PROPERTIES INC.

Totals

Total revenue
$3,148,586
Total expenses
$6,458,605
Contributions and grants received
$0
Grants paid
$4,200,000
Program service revenue
$0
Investment income
$1,053,745
Other revenue
$2,094,841
Total assets, end of year
$6,368,531
Total liabilities, end of year
$167,638
Net assets or fund balances, end of year
$6,200,893
Program services expenses (Part IX)
$4,200,000
Management and general expenses
$2,258,605
Fundraising expenses
$0
Program service expenses (Part III)
$4,200,000

Program services were 65.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID CORRIGAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • LELAND BURK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • DAVID MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • JOHN POSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • KIP TINDELL III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • MICHAEL MCMAHAN

    PRESIDENT & CEO

    Total calculated
    $340,227
    From this org
    $0
    From related orgs
    $316,811
    Other
    $23,416
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,811 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,398 related
    Nontaxable benefits
    $0 + $8,018 related
    Filer's total
    $0 + $340,227 related

  • KAY SCHLANKEY

    SR. VICE PRESIDENT & CFO

    Total calculated
    $302,610
    From this org
    $0
    From related orgs
    $273,713
    Other
    $28,897
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,713 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,371 related
    Nontaxable benefits
    $0 + $1,526 related
    Filer's total
    $0 + $302,610 related

  • EMILY DAVIS

    CORPORATE SECRETARY

    Total calculated
    $144,867
    From this org
    $0
    From related orgs
    $122,869
    Other
    $21,998
    Hours/week
    0.25 + 40 related

  • TRAE HOLMES

    DIRECTOR OF ACCOUNTING

    Total calculated
    $173,792
    From this org
    $0
    From related orgs
    $148,593
    Other
    $25,199
    Hours/week
    0.25 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,593 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,000 related
    Nontaxable benefits
    $0 + $10,199 related
    Filer's total
    $0 + $173,792 related

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349322471

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