Page 10 - Swifty Impact Report Sept 2023

2022
Swifty By The Numbers

Statement of Financial Position Statement of Activities
December 31, 2022 For year ended December 31, 2022

ASSETS REVENUES & OTHER SUPPORT
Cash & Equivalents $ 624,517 Contributions $ 512,146
Investments $ 509,910 Investment Income, Net $ (203,443)
Accounts Receivable $ 95,025 and Change in Net Assets
TOTAL ASSETS $ 1,229,452 TOTAL PUBLIC SUPPORT & REVENUE $ 308,703
LIABILITIES & NET ASSETS EXPENSES
Liabilities Program:
Grants Due $ 672,165 Grants $ 577,750
Accounts Payable & Accrued Expenses $ 1,461 Advocacy $ 23,784
TOTAL LIABILITIES $ 673,626 Salaries & Professional Fees $ 191,550*
Communication & Website $ 14,078
Net Assets Equipment & Misc. $ 3,013
Unrestricted $ 293,957 Administrative:
Board Restricted (admin expenses) $ 261,869 Salaries & Professional Fees $ 68,060*
Total Net Assets $ 555,826 Fundraising $ 5,569*
TOTAL LIABILITIES & NET ASSETS $ 1,229,452 Other Admin. $ 1,857*
TOTAL EXPENSES $ 885,661
To receive a copy of Swifty Foundation’s 2022 independent
audit report conducted by Desmond & Ahern Ltd., please Change in net assets $ (356,958)
contact info@swiftyfoundation.org Net assets, beginning of year $ 912,784
Net assets, end of year $ 555,826
* The founders of the Foundation make periodic contributions

$577,750 Total 2022 Grant Making
to be restricted for paying all administrative expenses,
including salaries (even program related) and fundraising.
$300,000 Lurie Children’s Hospital Foundation, funding a full-time
As part of the Foundation’s annual review of designated
Tissue Navigator for three years.
assets, the Board has restricted $261,869 as of December 31,
$260,000 Children’s Hospital of Philadelphia Foundation, funding infrastructure
2022. Administrative expenses of $267,036 were paid
and capacity building at the Children’s Brain Tumor Network
and released during the year ended 2022.
$10,000 Kids v Cancer, funding their advocacy work on Give Kids a Chance Act that will authorize
the FDA to direct companies with drug approval packages to study those drugs, in combi-
SUMMARY OF SWIFTY 2022 GRANT MAKING
nations with other drugs, in children with cancer.
$7,500
Arms Wide Open Foundation, support for the inaugural BrainStorm
Summit held during Curefest in Washington DC.
$577,750 Total 2022 Grant Making $577,750
$300,000 Lurie Children’s Hospital Foundation, funding a full-time Total 2022 Grant Making
Tissue Navigator for three years.
$260,000 Children’s Hospital of Philadelphia Foundation, funding infrastructure

and capacity building at the Children’s Brain Tumor Network

$10,000 Kids v Cancer, funding their advocacy work on Give Kids a Chance Act that will authorize
the FDA to direct companies with drug approval packages to study those drugs, in combi-
nations with other drugs, in children with cancer.
$7,500 Arms Wide Open Foundation, support for the inaugural BrainStorm
Summit held during Curefest in Washington DC.
$577,750
10

Total 2022 Grant Making