Nonprofit · EIN 87-1901964
THE SWANSON FOUNDATION
Also known as TERRY KRAFT TTEE
Tax-exempt · FARGO, ND 58103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,697,603 | $1,840,260 | -$142,657 | $830,450 | $161,453 | $668,997 |
| December 31, 2024 | 990-PF | $1,110,353 | $1,270,737 | -$160,384 | $923,675 | $112,021 | $811,654 |
| December 31, 2023 | 990-PF | $568,055 | $1,207,586 | -$639,531 | $1,156,173 | $184,135 | $972,038 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $990,000
- Other income
- $707,603
Expenses
- Grants and similar amounts paid
- $505,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $289,703
- Disbursements for charitable purposes
- $1,097,050
Balance sheet and other
- Total assets, start of year
- $923,675
- Total assets, end of year
- $830,450
- Total liabilities, end of year
- $161,453
- Net assets, end of year
- $668,997
- Fair market value of assets
- $830,450
- Qualifying distributions
- $1,097,050
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL D WATTS II 2251 36TH AVE S UNIT 203, FARGO, ND 58104 | CLINICAL DIRECTOR OF Highest-paid employee | 40 | $100,357 |
| EARL KENNEDY 3103 23RD AVE S UNIT A, FARGO, ND 58103 | MANAGER OF HYPERBARI Highest-paid employee | 40 | $86,367 |
| SCOTT PETERS 4050 39TH ST S, MOORHEAD, MN 56560 | COMMUNICATIONS DIREC Highest-paid employee | 40 | $57,692 |
| STARR DAVIS 1845 50TH ST S UNIT A, FARGO, ND 58103 | EXECUTIVE ADMINISTRA Highest-paid employee | 40 | $54,875 |
| MELISSA SEITZ 27669 76TH AVE S, HAWLEY, MN 56549 | NFPA RECOGNIZED SAFE Highest-paid employee | 35 | $50,694 |
| BETS WERPY 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| TERRY KRAFT 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| LELAND SWANSON 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| J PATRICK TRAYNOR 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE (UNTIL MAY 2025) | 2 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL AMUNDSON 504 35TH AVE S, MOORHEAD, MN 56560 | PHYSICIAN ASSISTANT Highest-paid employee | 40 | $129,646 |
| PAUL D WATTS II 2251 36TH AVE S UNIT 203, FARGO, ND 58104 | CLINICAL DIRECTOR OF Highest-paid employee | 40 | $81,493 |
| EARL KENNEDY 3103 23RD AVE S UNIT A, FARGO, ND 58103 | MANAGER OF HYPERBARI Highest-paid employee | 40 | $78,481 |
| SCOTT PETERS 4050 39TH ST S, MOORHEAD, MN 56560 | COMMUNICATIONS DIREC Highest-paid employee | 40 | $75,000 |
| ARDEN BEACHY 505 THREE LAKE ROAD, OTTERTAIL, MN 56571 | MEDICAL DIRECTOR Highest-paid employee | 10 | $56,274 |
| BETS WERPY 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| TERRY KRAFT 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| LELAND SWANSON 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| J PATRICK TRAYNOR 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL AMUNDSON 504 35TH AVE S, MOORHEAD, MN 56560 | PHYSICIAN ASSISTANT Highest-paid employee | 40 | $126,536 |
| PAUL D WATTS II 2601 36TH AVE S 105, FARGO, ND 58104 | DIR. OF HYPERBARIC O Highest-paid employee | 40 | $84,983 |
| EARL KENNEDY 3103 23RD AVE S UNIT A, FARGO, ND 58103 | CHAMBER TENDERS Highest-paid employee | 40 | $71,443 |
| ARDEN BEACHY 505 THREE LAKE ROAD, OTTERTAIL, MN 56571 | MEDICAL DIRECTOR Highest-paid employee | 10 | $67,308 |
| MELISSA SEITZ 27669 76TH AVE S, HAWLEY, MN 56549 | CHAMBER TENDERS Highest-paid employee | 40 | $48,596 |
| BETS WERPY 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| TERRY KRAFT 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| LELAND SWANSON 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
| J PATRICK TRAYNOR 809 8TH AVENUE SOUTH, FARGO, ND 58103 | TRUSTEE | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 UNIVERSITY DR S, FARGO, ND 58103-4144
- Signed the 990-PF
- BETS WERPY, TRUSTEE
- Phone
- (701) 306-6706
- Website
- WWW.THESWANSONFOUNDATION.COM
- Return prepared by
- WIDMER ROEL PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-1901964
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $830,450
- Income (IRS master file)
- $1,697,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,697,603 | $1,840,260 | $830,450 | XML |
| 990-PF | December 2024 | $1,110,353 | $1,270,737 | $923,675 | XML |
| 990-PF | December 2023 | $568,055 | $1,207,586 | $1,156,173 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1901964).
Questions about THE SWANSON FOUNDATION
- What is the EIN of THE SWANSON FOUNDATION?
- The employer identification number (EIN) of THE SWANSON FOUNDATION is 87-1901964.
- Is THE SWANSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THE SWANSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE SWANSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE SWANSON FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SWANSON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of THE SWANSON FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 5 received compensation from the organization, the highest $100,357 (PAUL D WATTS II, CLINICAL DIRECTOR OF).
- How much revenue does THE SWANSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,697,603, expenses of $1,840,260 and total assets of $830,450 at year end.
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All nonprofits in FARGO · North Dakota · Philanthropy, voluntarism and grantmaking foundations