Ergon Foundation Inc
- Assets
- $213.8m
- Revenue
- $11.9m
- Investments
- $117.3m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 05/1982
- Data as of
- 06/2022
- EIN
- 64-0656341
Organization Overview
Ergon Foundation Inc is located in Jackson, MS. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ergon 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 06/2022, Ergon Foundation Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $12.3m during the year ending 06/2022. While expenses have increased by 26.2% per year over the past 6 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 2015, Ergon Foundation Inc has awarded 495 individual grants totaling $47,173,400. 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 |
|---|---|---|---|
Emmitte J Haddox President | 0.25 | $0 | |
William W Lampton V.p./dir | 0.25 | $0 | |
Leslie B Lampton III V.p./dir | 0.25 | $0 | |
Lee C Lampton V.p./dir | 0.25 | $0 | |
Robert H Lampton V.p./dir | 0.25 | $0 | |
Kathryn W Stone Sec/treas/dir | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond James | 6/29/22 | $80,519 |
Bank Of America Na | 6/29/22 | $429,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $773 |
| Dividends & Interest | $5,211,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,604,455 |
| Capital Gain Net Income | $6,604,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,864 |
| Total Revenue | $11,919,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,573 |
| Taxes | $234,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $385 |
| Other expenses | $178,872 |
| Total operating and administrative expenses | $946,247 |
| Contributions, gifts, grants paid | $11,312,500 |
| Total expenses and disbursements | $12,258,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,241 |
| Savings and temporary cash investments | $5,008,054 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $91,365,141 |
| 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 | $117,310,659 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $213,824,095 |
| 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, Ergon Foundation Inc has awarded $13,137,500 in support to 131 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: GENERAL SUPPORT | $800,000 |
Clinton, MS PURPOSE: GORE ARTS COMPLEX PROJECT | $800,000 |
MISSISSIPPI CHILDREN'S HOME SOCIETY (DBA CANOPY CHILDREN'S SOLUTIONS) PURPOSE: GENERAL SUPPORT | $725,000 |
Flowood, MS PURPOSE: CAPITAL CAMPAIGN | $600,000 |
Jackson, MS PURPOSE: CAPITAL CAMPAIGN | $600,000 |
MAGNOLIA SPEECH SCHOOL PURPOSE: CAMPAIGN TO BUILD A NEW SCHOOL | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Zoma Foundation Bentonville, AR | $228,655,575 | $19,208,599 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |
Ergon Foundation Inc Jackson, MS | $213,824,095 | $11,919,127 |