Ergon Foundation
- Assets
- $17.0m
- Revenue
- $2.4m
- Investments
- $13.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 45-5017945
Organization Overview
Ergon Foundation is located in Wilmington, DE. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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 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, Ergon Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 59.1% each year . All expenses for the organization totaled $950.8k during the year ending 12/2021. While expenses have increased by 31.6% 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 2017, Ergon Foundation has awarded 48 individual grants totaling $2,263,500. 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 |
|---|---|---|---|
John Drummond Sr Dir, VP | 1 | $0 | |
Ashley Glover Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $258 |
| Dividends & Interest | $465,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $461,530 |
| Capital Gain Net Income | $461,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $385 |
| Total Revenue | $2,427,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $19,800 |
| Pension plans, employee benefits | $1,834 |
| Interest | $0 |
| Taxes | $8,244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,210 |
| Total operating and administrative expenses | $155,754 |
| Contributions, gifts, grants paid | $795,000 |
| Total expenses and disbursements | $950,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,431,082 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,014,947 |
| 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 has awarded $795,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: EAST ASIAN MISSIONARY FUND | $270,000 |
GRACE COVENANT CHURCH OF BAY COUNTY PURPOSE: GENERAL & UNRESTRICTED | $102,000 |
Richmond, VA PURPOSE: EAST ASIAN MISSIONARY FUND | $90,000 |
REACHING AND TEACHING INTERNATIONAL MINISTRIES INC PURPOSE: THE TRELLIS PROJECT | $50,000 |
PILLAR CHURCH PLANTING NETWORK PURPOSE: RESIDENCY SCHOLARSHIP FUND | $50,000 |
Tyler, TX PURPOSE: GENERAL & UNRESTRICTED | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Englewood Hospital And Medical Center Foundation Inc Englewood, NJ | $99,587,008 | $18,309,140 |
The Nicholas J And Anna K Bouras Summit, NJ | $115,819,881 | $10,500,209 |