SWANC INC

Address
P O Box 525
Fairfield, AL 350640525
Contact
Phone: +1 (205) 425-4401
Nonprofit
NTEE: B82 - Scholarships, Student Financial Aid Services, Awards
EIN: 63-1144071

Mission

Post Secondary Educational Funding
 20172016201520142013
Basic features of the organization
Year of formation1995
Subsection code03
PF filing required0    
Metropolitan statistical area1000
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees00000
Number of volunteers1010111111
Personnel
Atcheson, J
TitleDirector / Asst TreasurerDirector / Asst TreasurerDirector / Asst TreasurerDirector / Asst TreasurerDirector / Asst Treasurer
Name of key/compensated personJ LOWELL ATCHESONJ LOWELL ATCHESONJ LOWELL ATCHESONJ LOWELL ATCHESONJ LOWELL ATCHESON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Beavers, Eleanor
TitleDirector / Asst. Bus. ManagerDirector / Asst. Bus. ManagerDirector / Asst. Bus. ManagerDirector / Asst. Bus. ManagerDirector / Asst. Bus. Manager
Name of key/compensated personELEANOR BEAVERSELEANOR BEAVERSELEANOR BEAVERSELEANOR BEAVERSELEANOR BEAVERS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Harris, Yancey
TitleBoard AdvisorBoard Advisor   
Name of key/compensated personYANCEY HARRISYANCEY HARRIS   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Heard, Sharon
TitleDirector / TreasurerDirector / TreasurerDirector / TreasurerDirector / TreasurerDirector / Treasurer
Name of key/compensated personSHARON HEARDSHARON HEARDSHARON HEARDSHARON HEARDSHARON HEARD
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Henderson, Willie
Title  Director / Vice PresidentDirector / Vice PresidentDirector / Vice President
Name of key/compensated person  WILLIE HENDERSONWILLIE HENDERSONWILLIE HENDERSON
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Key, Kevin
TitleBusiness ManagerBusiness Manager   
Name of key/compensated personKEVIN KEYKEVIN KEY   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
King, Derrick
TitleBoard AdvisorBoard Advisor   
Name of key/compensated personDERRICK KINGDERRICK KING   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Kittle, William
Title  Director / Asst SecretaryDirector / Asst SecretaryDirector / Asst Secretary
Name of key/compensated person  WILLIAM KITTLEWILLIAM KITTLEWILLIAM KITTLE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Miller, William
Title  Director / Board AdvisorDirector / Board AdvisorDirector / Board Advisor
Name of key/compensated person  WILLIAM MILLERWILLIAM MILLERWILLIAM MILLER
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Moses, Shea
TitleAssistant Business ManagerAssistant Business Manager   
Name of key/compensated personSHEA MOSESSHEA MOSES   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Stripling, Wesley
TitleDirector / Asst SecretaryDirector / Asst Secretary   
Name of key/compensated personWESLEY STRIPLINGWESLEY STRIPLING   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Templin, Max
Title  Director / Board AdvisorDirector / Board AdvisorDirector / Board Advisor
Name of key/compensated person  MAX TEMPLINMAX TEMPLINMAX TEMPLIN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.002.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Williams, Reginald
TitleDirector / SecretaryDirector / SecretaryDirector / SecretaryDirector / SecretaryDirector / Secretary
Name of key/compensated personREGINALD WILLIAMSREGINALD WILLIAMSREGINALD WILLIAMSREGINALD WILLIAMSREGINALD WILLIAMS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Woods, Phillip
TitleDirector/ PresidentDirector/ PresidentDirector/ PresidentDirector/ PresidentDirector/ President
Name of key/compensated personPHILLIP WOODSPHILLIP WOODSPHILLIP WOODSPHILLIP WOODSPHILLIP WOODS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPost Secondary Educational FundingPost Secondary Educational FundingPost Secondary Educational FundingPost Secondary Educational FundingPost Secondary Educational Funding
Program service expenses, total$5,719.00   $3,500.00
Programs, including revenue & expenses
"TUITION & FEES" SCHOLARSHIPS NUMBER OF STUDENTS BENEFITED (2)
Program expenses$5,719.00   $3,500.00
Grants and allocations made$5,719.00   $3,500.00
Program description"TUITION & FEES" SCHOLARSHIPS NUMBER OF STUDENTS BENEFITED (2)"TUITION & FEES" SCHOLARSHIPS NUMBER OF STUDENTS BENEFITED (0)"TUITION & FEES" SCHOLARSHIPS NUMBER OF STUDENTS BENEFITED (0)"TUITION & FEES" SCHOLARSHIPS NUMBER OF STUDENTS BENEFITED (0)"TUITION & FEES" SCHOLARSHIPS NUMBER OF STUDENTS BENEFITED (1)
PREPAID AFFORDABLE COLLEGE TUITION GRANTS (P.A.C.T.S) NUMBER OF STUDENTS BENEFITED (2)
Grants and allocations made$7,774.00$3,170.00$6,208.00$10,838.00$19,691.00
Program descriptionPREPAID AFFORDABLE COLLEGE TUITION GRANTS (P.A.C.T.S) NUMBER OF STUDENTS BENEFITED (2)PREPAID AFFORDABLE COLLEGE TUITION GRANTS (P.A.C.T.S) NUMBER OF STUDENTS BENEFITED (1)PREPAID AFFORDABLE COLLEGE TUITION GRANTS (P.A.C.T.S) NUMBER OF STUDENTS BENEFITED (3)PREPAID AFFORDABLE COLLEGE TUITION GRANTS (P.A.C.T.S) NUMBER OF STUDENTS BENEFITED (5)PREPAID AFFORDABLE COLLEGE TUITION GRANTS (P.A.C.T.S) NUMBER OF STUDENTS BENEFITED (5)
Financial data
Revenue
Total revenue$44,588.00$44,419.00$71,728.00$58,329.00$60,392.00
Revenue from contributions (total)$43,651.00$42,711.00$58,838.00$57,293.00$54,489.00
Investment income, current yr$937.00$1,413.00$2,272.00$1,036.00$5,903.00
Total revenue from grants, etc., current yr$43,651.00$42,711.00$58,838.00$57,293.00$54,489.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$295.00$10,618.00$0.00$0.00
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$44,588.00$44,419.00$71,728.00$58,329.00$60,392.00
Sources of contributions
Revenue from all other contributions$43,651.00$42,711.00$58,838.00$57,293.00$54,489.00
Other types of revenue
Miscellaneous revenue (total) $295.00$10,618.00  
Income from dividends, interest, and similar investments$937.00$1,413.00$2,272.00$1,036.00$5,903.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$8,079.00$2,371.00$2,330.00$2,020.00$6,537.00
Total functional expenses: program service $5,719.00$0.00$0.00$0.00$3,500.00
Total functional expenses: management and general$2,360.00$2,371.00$2,330.00$2,020.00$3,037.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$925,998.00$897,263.00$858,385.00$795,195.00$749,724.00
Total assets, beginning of year$897,263.00$858,385.00$795,195.00$749,724.00$715,560.00
Total liabilities$59,552.00$67,326.00$70,496.00$76,704.00$87,542.00
Total liabilities, beginning of year$67,326.00$70,496.00$76,704.00$87,542.00$107,233.00
Net assets$866,446.00$829,937.00$787,889.00$718,491.00$662,182.00
Net assets, beginning of year$829,937.00$787,889.00$718,491.00$662,182.00$608,327.00
Cash: non-interest bearing$6,349.00$4,428.00$6,799.00$9,129.00$6,149.00
Cash: non-interest bearing, beginning of year$4,428.00$6,799.00$9,129.00$6,149.00$2,686.00
Grants payable$59,552.00$67,326.00$70,496.00$76,704.00$87,542.00
Other financial variables
Revenue less expenses$36,509.00$42,048.00$69,398.00$56,309.00$53,855.00
Advertising (total)$2,048.00$2,051.00$2,038.00$1,707.00$2,749.00
Savings & temp cash investment$860,097.00$825,509.00$781,090.00$709,362.00$656,033.00
Prepaid expenses & deferred charges$59,552.00$67,326.00$70,496.00$76,704.00$87,542.00
Total net assets or fund balances$866,446.00$829,937.00$787,889.00$718,491.00$662,182.00
Governance and accountability
Number of voting members66999
Number of independent voting members66999
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2016-06-012015-06-012014-06-012013-06-012012-06-01
Tax year end date2017-05-012016-05-012015-05-012014-05-012013-05-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-11-302017-07-062016-03-172014-10-142014-01-09
IRS schema version2016v3.02015v3.02014v6.02013v3.12012v2.0
Filing identifier201742829349301129201710139349301726201600109349300005201402549349300000201303399349300000
Use these data in your project Benchmark this organization against its peers