Edgar & Lucile Schergens Foundation Inc
- Assets
- $7.1m
- Revenue
- $777.7k
- Investments
- $6.9m
- Employees
- 0
- Location
- Tell City, IN
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 35-1848445
Organization Overview
Edgar & Lucile Schergens Foundation Inc is located in Tell City, IN. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgar & Lucile Schergens Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Edgar & Lucile Schergens Foundation Inc generated $777.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $452.4k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edgar & Lucile Schergens Foundation Inc has awarded 25 individual grants totaling $624,212. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Borders President | 1 | $0 | |
Karen Werner Vice President | 1 | $0 | |
Derrel Zellers Secretary | 1 | $0 | |
John B Land Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $148,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $629,382 |
| Capital Gain Net Income | $629,382 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $777,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,638 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,662 |
| Total operating and administrative expenses | $137,084 |
| Contributions, gifts, grants paid | $315,345 |
| Total expenses and disbursements | $452,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,148 |
| Savings and temporary cash investments | $193,221 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,108,471 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Edgar & Lucile Schergens Foundation Inc has awarded $315,345 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE SCHOLARSHIPS PURPOSE: COLLEGE SCHOLARSHIPS | $281,845 |
Tell City, IN PURPOSE: CHARITABLE SUPPORT | $25,000 |
PERRY COUNTY JUNIOR ACHIEVEMENT PURPOSE: CHARITABLE SUPPORT | $6,000 |
NATIONAL CHILD SAFETY COUNCIL PURPOSE: CHARITABLE SUPPORT | $2,000 |
PERRY CENTRAL COUNCIL ON AGING PURPOSE: LUNCH PROGRAM | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edgar & Lucile Schergens Foundation Inc Tell City, IN | $7,108,471 | $777,671 |
O Natalie Proctor Revocable Trust Chicago, IL | $1,257,967 | $88,074 |
B & S Lang Charitable Trust Chicago, IL | $647,662 | $59,737 |
Martin J Taub & Irene M Taub Memorial Fund Chicago, IL | $598,673 | $51,762 |
Acorn Foundation Chicago, IL | $646,018 | $23,167 |
Damian P And Marie Mccarthy Alagia Family Charitable Foundation Louisville, KY | $587,179 | $18,637 |