Argus Foundation INC FY2020 filing

Not tax-deductible

Sarasota, FL501(c)(6)Since 1982EIN 59-2241224Revenue $389K in FY2020

On file with the IRSargusfoundation.orgPo Box 49361, 34230-6361 · Sarasota, FLTax-exempt since Apr 1983

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The Argus Foundation applies business leadership to important community issues. The Argus Foundation identifies, educates, advocates and collaborates on solutions for issues impacting sarasota county including governance, education, economic development, environment and land planning, health and human services, and transportation.

$139K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $66K a year · 15% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$139K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$175K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$389K
Spent
$368K
Net assets
$905K
By yearFY2020–FY2025
Revenue
$389K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$389K
FY2021$396K
FY2022$309K
FY2023$387K
FY2024$391K
FY2025$703K
Expenses
$368K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$368K
FY2021$317K
FY2022$355K
FY2023$342K
FY2024$417K
FY2025$380K
Net assets
$905K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$905K
FY2021$1.1M
FY2022$934K
FY2023$1.1M
FY2024$1.1M
FY2025$1.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

25 people listed on the 990; $139K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$138,750Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christine S Robinson$163,000$162,085$144,042$128,500$129,542$138,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Applies business leadership to solve community issues like education, environment, and health.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Individually and in partnership with other community organizations, worked to get local government to release cares act monies to individuals, non-profits, arts organizations, and businesses who suffered hardship due to the onset of COVID-19.

Pt IX · col B
02

Individually and in partnership with other community organizations, worked to obtain expedited permitting for improvements made for COVID-19 safety, suspension of code enforcement on temporary signs, use of right-of-way, a reduction of permitting costs, and waiving of permitting for tents, parking lot use for business, and signs for…

Pt IX · col B
03

Held some in-person and various online events and forums designed to educate the public on issues and people affecting our community, the state, the country, and the world with our annual meeting and our meet the minds meetings. Gave online videoed local government reports during COVID-19.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$389K
Ln 12
Gifts and grantsLn 1h$356K
Investment incomeLn 3$33K
Money outPt IX
$368K
Ln 25
Owns and owesPt X
$905K
net assets · Ln 32
Cash and savingsLn 1–2$523K
Total assetsLn 16$1.1M
LiabilitiesLn 26$175K
PeoplePt VI, VII
25
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$356K
Government grantsLn 1e$2K
Investment incomeLn 3$33K
Gains on assetsLn 7$20K
Total revenueLn 12$389K
Assets in detailPt X, end of year
CashLn 1$461K
SavingsLn 2$62K
Cash and savings togetherLn 1–2$523K
InvestmentsLn 11–13$542K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2K
Total assetsLn 16$1.1M
LiabilitiesLn 26$175K
Net assetsLn 32$905K
OperationsPt I, VI
EmployeesI 52
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$360K$523K
InvestmentsLn 11–13$586K$542K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$977K$1.1M
LiabilitiesLn 26$139K$175K
Net assetsLn 32$839K$905K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K
Other salaries and wagesLn 7$59K
Management feesLn 11a$73K
Accounting feesLn 11c$8K
Investment management feesLn 11f$3K
Advertising and promotionLn 12$12K
Office expensesLn 13$10K
OccupancyLn 16$16K
Conferences, conventions and meetingsLn 19$644
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$116K
All other expensesLn 24e$2K
Total functional expensesLn 25$368K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $703K$380K$323K$1.3M 990 PDF
FY2024 $391K$417K−$26K$1.1M 990 PDF
FY2023 $387K$342K$46K$1.1M 990 PDF
FY2022 $309K$355K−$46K$934K 990 PDF
FY2021 $396K$317K$79K$1.1M 990 PDF
FY2020 Viewing $389K$368K$21K$905K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $388,858 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $397,983$356,351
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $36,613$32,507
I-11 Other revenuePrior year −$50,884$0
I-12 Total revenuePrior year $383,712$388,858
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $55,029$124,843
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $194,300$243,179
I-18 Total expensesPrior year $249,329$368,022
I-19 Revenue less expensesPrior year $134,383$20,836
Part VI · Governance 24 of 25 board members independent, 2 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $388,858 across 7 lines filed
VIII-1b Membership dues$134,167
VIII-1e Government grants$2,000
VIII-1f All other contributions, gifts and grants$220,184
VIII-1h Total contributions, gifts and grants$356,351
VIII-3 Investment incomeExcluded from tax $12,417$12,417
VIII-7 Net gain or loss on sales of assetsExcluded from tax $20,090$20,090
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $32,507$388,858
Part IX · Statement of functional expenses $368,022 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$65,500
IX-7 Other salaries and wages$59,343
IX-11a Management fees$73,250
IX-11c Accounting fees$7,824
IX-11f Investment management fees$3,439
IX-12 Advertising and promotion$11,580
IX-13 Office expenses$9,946
IX-16 Occupancy$16,117
IX-19 Conferences, conventions and meetings$644
IX-23 Insurance$2,959
IX-24 Other expenses (24a–d)$115,500
IX-24e All other expenses$1,920
IX-25 Total functional expenses$368,022
Part X · Balance sheet $1,080,644 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $237,707$460,959
X-2 Savings and temporary cash investmentsStart of year $122,561$61,683
X-4 Accounts receivableStart of year $17,148$3,494
X-9 Prepaid expenses and deferred chargesStart of year $12,245$11,334
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $586,089$541,669
X-15 Other assetsStart of year $1,505$1,505
X-16 Total assetsStart of year $977,255$1,080,644
X-17 Accounts payable and accrued expensesStart of year $1,250$0
X-19 Deferred revenueStart of year $137,266$175,485
X-26 Total liabilitiesStart of year $138,516$175,485
X-32 Total net assets or fund balancesStart of year $838,739$905,159
X-33 Total liabilities and net assetsStart of year $977,255$1,080,644
Part XI · Reconciliation of net assets $905,159 net assets at year end
XI-1 Total revenue$388,858
XI-2 Total expenses$368,022
XI-3 Revenue less expenses$20,836
XI-4 Net assets at start of year$838,739
XI-5 Net unrealized gains (losses) on investments$45,584
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$905,159

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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