Ergon Foundation
- Assets
- $20.0m
- Revenue
- $2.5m
- Investments
- $16.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2013
- Data as of
- 12/2023
- 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 12/2023, Ergon Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ergon Foundation has awarded 92 individual grants totaling $4,280,270. 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 Jr Pres, Dir, Sec | 1 | $0 | |
John Drummond Sr Dir, VP | 1 | $0 | |
Ashley Glover Dir, VP | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity | 12/30/23 | $86,805 |
Foundation Source | 12/30/23 | $52,434 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $58,815 |
| Dividends & Interest | $549,016 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60,237 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,547,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $19,800 |
| Pension plans, employee benefits | $1,515 |
| Interest | $0 |
| Taxes | $6,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,277 |
| Total operating and administrative expenses | $168,886 |
| Contributions, gifts, grants paid | $930,500 |
| Total expenses and disbursements | $1,099,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,819,329 |
| 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 | $20,034,163 |
| 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 | $107,275 |
| Total liabilities | $107,275 |
Grants Awarded
Over the last fiscal year, Ergon Foundation has awarded $930,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CROSS VISION MISSIONS PURPOSE: GENERAL & UNRESTRICTED | $45,000 |
BE LOVE ORPHAN OUTREACH MISSIONS INC PURPOSE: GENERAL & UNRESTRICTED | $12,000 |
CROSS VISION MISSIONS PURPOSE: MISSIONARY SUPPORT | $18,000 |
FOOTPRINTS ABROAD INTERNATIONAL MINISTRIES PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
EASTERN EUROPEAN CHILDRENS OUTREACHINC PURPOSE: GENERAL & UNRESTRICTED | $12,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: WALKER-NORTH JEFFERSON CO, AL | $12,000 |