Olin B and Desta Schwab Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Olin B and Desta Schwab Foundation Inc is a 501(c)(3) organization based in Fort Wayne, Indiana, registered in 2007, with $161,179 in FY2024 revenue. CharityIndex grades it D.
2810 Beaver Ave, Fort Wayne, IN, 46807 EIN 35-2284008 Since 2007
Revenue (FY2024)
$161K
▼ 52.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$219K
Net assets
$3.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Olin B and Desta Schwab Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating188 mo reserves · -36% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Olin B and Desta Schwab Foundation Inc: 188 mo reserves · -36% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Olin B and Desta Schwab Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Olin B and Desta Schwab Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2810 Beaver Ave, Fort Wayne, IN, 46807
- City
- Fort Wayne
- State
- Indiana
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue declined from $583K (FY2013) to $161K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.4M
Operating margin
-36.1%
Spent more than it raised in the latest fiscal year.
Total assets
$3.4M
Total liabilities
$0
Net assets
$3.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $161,179▼52.2% | $219,367▼9.0% | $3,440,568▼1.7% | $3,440,568▼1.7% | 990PF |
| 2023 | $336,987▲320% | $241,021▼57.3% | $3,498,756▲2.8% | $3,498,756▲2.8% | 990PF |
| 2022 | $80,192▲8.1% | $564,207▼44.7% | $3,402,790▼12.5% | $3,402,790▼12.5% | 990PF |
| 2021 | $74,183▼94.0% | $1,019,700▼23.9% | $3,886,805▼19.6% | $3,886,805▼19.6% | 990PF |
| 2020 | $1,240,254▲1201% | $1,340,307▲234% | $4,832,322▼2.0% | $4,832,322▼2.0% | 990PF |
| 2019 | $95,339▼67.7% | $400,750▼64.5% | $4,932,375▼5.8% | $4,932,375▼5.8% | 990PF |
| 2018 | $294,964▼56.2% | $1,128,022▲252% | $5,237,786▼13.7% | $5,237,786▼13.7% | 990PF |
| 2017 | $673,238▲55.0% | $320,909▼20.3% | $6,070,844▲6.2% | $6,070,844▲6.2% | 990PF |
| 2016 | $434,212▲1295% | $402,832▼36.8% | $5,718,515▲0.6% | $5,718,515▲0.6% | 990PF |
| 2015 | $31,129▼92.0% | $637,689▲7.0% | $5,687,135▼9.6% | $5,687,135▼9.6% | 990PF |
| 2014 | $387,229▼33.6% | $595,981▼2.2% | $6,293,695▼8.2% | $6,293,695▼8.2% | 990PF |
| 2013 | $583,412 | $609,411▲69.0% | $6,853,244▼0.4% | $6,853,244▼0.4% | 990PF |
| 2012 | — | $360,587▼24.0% | $6,879,243▲8.1% | $6,879,243▲8.1% | 990PF |
| 2011 | — | $474,154 | $6,365,741 | $6,365,741 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Olin B and Desta Schwab Foundation Inc a legitimate nonprofit?
- Yes. Olin B and Desta Schwab Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-2284008, based in Fort Wayne, Indiana. Donations are tax-deductible.
- What is Olin B and Desta Schwab Foundation Inc's EIN?
- Olin B and Desta Schwab Foundation Inc's Employer Identification Number (EIN) is 35-2284008.
- How much revenue does Olin B and Desta Schwab Foundation Inc report?
- Olin B and Desta Schwab Foundation Inc reported $161,179 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Olin B and Desta Schwab Foundation Inc have?
- CharityIndex grades Olin B and Desta Schwab Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Olin B and Desta Schwab Foundation Inc (EIN 35-2284008) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.