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Ergon Foundation EIN 45-5017945

Ergon Foundation FY2020 filing

EIN  45-5017945 Private foundation / grantmaker Wilmington, DE
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
A private foundation based in Wilmington, DE.
Money in and out
$-193K revenue, $862K expenses
Bottom line
—

A private foundation based in Wilmington, DE. For fiscal year 2020 it reported $-193K in revenue, $862K in expenses, and $15.5M in net assets.Pt I

Grants paid & assets · FY2020
Total revenue
$-193K
Pt VIII · Ln 12
Total expenses
$862K
Pt IX · Ln 25
Net assets
$15.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.1M
Total assets
15.6M
deployed as grants and operations
Grants paid
724K
in FY2020
Grants made
22grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 22 grants · $1.0M · 2024–2024
Pillar Church Planting NetworkNC · FY2024$132,000
International Mission Board of the Southern BaptisFY2024$120,000
Grace Covenant Church of Bay CountyFY2024$110,000
Reaching and Teaching International Ministries IncorporatedKY · FY2024$100,000
Reaching and Teaching International Ministries IncorporatedKY · FY2024$100,000
Pillar Church Planting NetworkNC · FY2024$100,000
Pillar Church Planting NetworkNC · FY2024$65,000
Pillar Church Planting NetworkNC · FY2024$50,000
Capitol Hill Baptist ChurchFY2024$50,000
Cross Vision Missions INCTX · FY2024$45,000
Reaching and Teaching International Ministries IncorporatedKY · FY2024$28,000
International Mission Board of the Southern BaptisFY2024$25,000
Reaching and Teaching International Ministries IncorporatedKY · FY2024$23,500
Reaching and Teaching International Ministries IncorporatedKY · FY2024$21,000
Last Bell Ministries INCIN · FY2024$12,000
Fellowship of Christian AthletesMO · FY2024$12,000
Cross Vision Missions INCTX · FY2024$12,000
Footprints Abroad International MinistriesFY2024$10,000
See all 22 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$47K
Median grantPart XV$28K
Largest grantPart XV$132K
Top cause focusNTEEReligion (64%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$-193K
FY2020
Expenses
$862K
FY2020
Total assets
$15.6M
FY2020
Total liabilities
$38K
FY2020
Total revenue
$-193K
Pt VIII · Ln 12
Total expenses
$862K
Pt IX · Ln 25
Net assets
$15.5M
Pt X · Ln 32
Total assetsPt II$15.6M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CErgon Foundation
EINHdr · item D45-5017945
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFSep 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Ergon Foundation executive salaries →

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.84 Operating & administrative $0.16
Grants & contributions paid84%$724K
Operating & administrative16%$138K
Total functional expensesLn 25$862K

Balance Sheet

Part X · end of year
CashLn 1$2.4M
Total assetsLn 16$15.6M
Total liabilitiesLn 26$38K
Total net assetsLn 32$15.5M
Months of cash on handcomputed33.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $15.6M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $-193K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $-193K
—
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $-193K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $15.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-193K · Expenses $862K
—
Liabilities-to-Assets
Total liabilities — · Total assets $15.6M
—
Net-asset ratio
Net assets $15.5M · Total assets $15.6M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $862K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.8M revenue · ⤓ 990 PDF
FY2023$2.5M revenue · ⤓ 990 PDF
FY2022$2.5M revenue · ⤓ 990 PDF
FY2021$2.4M revenue · ⤓ 990 PDF
FY2020$-193K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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