Argosy Foundation
- Assets
- $43.7m
- Revenue
- $16.7m
- Investments
- $39.2m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 04-6752868
Organization Overview
Argosy Foundation is located in Milwaukee, WI. The organization was established in 1994. 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. Argosy Foundation 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 12/2023, Argosy Foundation generated $16.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $17.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Argosy Foundation has awarded 953 individual grants totaling $50,999,760. 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 |
|---|---|---|---|
Kenneth C Zolot Administrative Trustee | 4 | $22,500 | |
Jennifer L Abele Ceo/president | 40 | $0 | |
Christopher S Abele Trustee | 1 | $0 | |
John E Abele Chair | 1 | $0 | |
Mary S Abele Trustee | 1 | $0 | |
Emily Van Dunk Executive Director | 40 | $188,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foley & Lardner Llp | 12/30/23 | $79,924 |
Cibc Investments | 12/30/23 | $72,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,045,408 |
| Interest on Savings | $0 |
| Dividends & Interest | $851,313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,786,646 |
| Capital Gain Net Income | $7,786,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,133 |
| Total Revenue | $16,686,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,249 |
| Other employee salaries and wages | $1,008,492 |
| Pension plans, employee benefits | $182,889 |
| Interest | $0 |
| Taxes | $239,923 |
| Depreciation | $0 |
| Occupancy | $225,764 |
| Travel, conferences, and meetings | $79,819 |
| Printing and publications | $0 |
| Other expenses | $106,410 |
| Total operating and administrative expenses | $2,484,810 |
| Contributions, gifts, grants paid | $14,525,208 |
| Total expenses and disbursements | $17,010,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,126,121 |
| Savings and temporary cash investments | $1,453,710 |
| 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 | $926,585 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,494,614 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,726,835 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $15,500,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,500,000 |
Grants Awarded
Over the last fiscal year, Argosy Foundation has awarded $14,525,208 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
A CALL TO MEN PURPOSE: YOUTH DEVELOPMENT PROJECT | $25,000 |
ABORTION FREEDOM PARTNERSHIP PURPOSE: REPRODUCTIVE HEALTH PROJECT | $30,000 |
ACCESS ESPERANZA CLINICS PURPOSE: REPRODUCTIVE HEALTH PROJECT | $100,000 |
ACCESS REPRODUCTIVE JUSTICE PURPOSE: REPRODUCTIVE HEALTH PROJECCT | $50,000 |
ACLU OF ALABAMA PURPOSE: REPRODUCTIVE HEALTH PROJECT | $30,000 |
ACTION FOR THE CLIMATE EMERGENCY (ACE) PURPOSE: CLIMATE CHANGE COMMUNICATION PROJECT | $40,000 |