Edgar & Lucile Schergens Foundation Inc

Nonprofit profile at a glance

EIN
351848445
IRS 990-PF coverage
2020–2024
Forms available
Form 990-PF 2024
Location
Tell City, IN, USA
Phone
8126080300
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$1,493,933
Expenses
$383,069

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Edgar & Lucile Schergens Foundation Inc is a nonprofit. Location: Tell City, IN. EIN 351848445.

What it reported funding in 2024

The foundation reported 2 grants totaling $376,068. The stated grant purposes included charitable support and college scholarships.

Operating model

Revenue model
Investment-supported. 95% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. No material rating questions were generated from the available inputs.

Rating breakdown

  • Grant Deployment: 98
  • Cost Efficiency: 98
  • Transparency: 100
  • Compliance: 50
  • Endowment Health: 68

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 98%; rating input score 98; 47th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 98.2%; rating input score 98; 93rd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: Limited
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 20.44; rating input score 68; 68th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 98% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: Filed self-dealing detail
  • Investments: 68th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.