White Swan Foundation Inc
Nonprofit profile at a glance
- EIN
- 462483183
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2017
- Location
- Richmond, VT, USA
- Phone
- 8028818108
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $216,456
- Expenses
- $320,915
- Assets
- $168,531
- Liabilities
- $70,598
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MIA MCKAY (PRESIDENT)
- LAURA SUBIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- LAURA SUBIN (EXECUTIVE DIRECTOR): $47,375 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Pennywise supports innovative, regenerative, and enduring solutions that will uplift communities and empower individuals by making grants and providing technical assistance.
What it reported doing in 2024
Pennywise foundation provided grants to exceptional charitable organizations working in the fields of voting rights, reproductive health, hygienic sanitation, clean water access, access to recreational equipment, food security, climate change and refugee assistance. Through recognized u.s. Nonprofits, our grantees offered services in underserved communities in the u.s. And around the world.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 73
- Accountability: 79
- Sustainability: 14
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: $16.26 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 82.4%; rating input score 82; 49th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -48.3%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 14.8%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 11.8% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 13.9% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 20.6% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87.1% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $279K in reported program spending
- Leadership: top reported pay $47K · 6 people listed
- Consistency: 33 of 35 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 17 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 5/100.
- Review — Financial Efficiency: Fundraising efficiency scored 52/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.