Argus Fund
- Assets
- $18.0m
- Revenue
- $1.7m
- Investments
- $17.4m
- Employees
- 0
- Location
- Fort Washington, PA
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-5045447
Organization Overview
Argus Fund is located in Fort Washington, PA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Argus Fund 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 12/2021, Argus Fund generated $1.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 3 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 2021, Argus Fund has awarded 35 individual grants totaling $1,112,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE ARGUS FUND IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT OTHER CHARITABLE ORGANIZATIONS, EXEMPT UNDER INTERNAL
REVENUE CODE 501(C)(3), THROUGH CONTRIBUTIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $389 |
| Dividends & Interest | $517,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,141,616 |
| Capital Gain Net Income | $1,141,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,659,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $55,525 |
| Interest | $0 |
| Taxes | $1,718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,748 |
| Printing and publications | $0 |
| Other expenses | $17,428 |
| Total operating and administrative expenses | $417,963 |
| Contributions, gifts, grants paid | $1,112,000 |
| Total expenses and disbursements | $1,529,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,128 |
| Savings and temporary cash investments | $0 |
| 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 | $7,374,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,983,944 |
| 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 | $2,288 |
| Total liabilities | $2,288 |
Grants Awarded
Over the last fiscal year, Argus Fund has awarded $1,112,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
MEDICAL CARE DEVELOPMENT INTERNATIONAL PURPOSE: GENERAL CHARITABLE PURPOSE | $130,000 |
CONSCIOUS ALLIANCE PURPOSE: GENERAL CHARITABLE PURPOSE | $100,000 |
THE COUNTY THEATRE PURPOSE: GENERAL CHARITABLE PURPOSE | $100,000 |
SMITHSONIAN INSTITUTE PURPOSE: GENERAL CHARITABLE PURPOSE | $55,000 |
Warminster, PA PURPOSE: GENERAL CHARITABLE PURPOSE | $50,000 |
Tuba City, AZ PURPOSE: GENERAL CHARITABLE PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |