Edgar & Lucile Schergens Foundation Inc
- Assets
- $6.9m
- Revenue
- $222.6k
- Investments
- $6.6m
- Employees
- 0
- Location
- Tell City, IN
- Founding
- 04/1995
- Data as of
- 12/2022
- 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 12/2022, Edgar & Lucile Schergens Foundation Inc generated $222.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $437.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edgar & Lucile Schergens Foundation Inc has awarded 27 individual grants totaling $939,623. 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 | |
John B Land Treasurer | 1 | $0 | |
Derrel Zellers Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $691 |
| Dividends & Interest | $139,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,732 |
| Capital Gain Net Income | $82,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $94 |
| Total Revenue | $222,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,193 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $617 |
| Printing and publications | $153 |
| Other expenses | $10,207 |
| Total operating and administrative expenses | $122,265 |
| Contributions, gifts, grants paid | $315,411 |
| Total expenses and disbursements | $437,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,781 |
| Savings and temporary cash investments | $240,880 |
| 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 | $6,893,377 |
| 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 $315,411 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PERRY COUNTY JUNIOR ACHIEVEMENT PURPOSE: CHARITABLE SUPPORT | $6,000 |
COLLEGE SCHOLARSHIPS PURPOSE: COLLEGE SCHOLARSHIPS | $309,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edgar & Lucile Schergens Foundation Inc Tell City, IN | $6,893,377 | $222,582 |
O Natalie Proctor Revocable Trust Chicago, IL | $1,227,942 | $65,568 |
B & S Lang Charitable Trust Chicago, IL | $602,316 | $48,333 |
Damian P And Marie Mccarthy Alagia Family Charitable Foundation Louisville, KY | $556,031 | $13,358 |
Martin J Taub & Irene M Taub Memorial Fund Chicago, IL | $563,061 | $36,982 |
Acorn Foundation Chicago, IL | $556,312 | -$32,928 |