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Nonprofiteer
← ARGENT FOUNDATION

Form 990 for tax year 2023

Filed by ARGENT FOUNDATION.

Totals

Total revenue
$3,880,813
Total expenses
$1,444,957
Contributions and grants received
$3,913,315
Grants paid
$1,422,865
Program service revenue
$14,234
Investment income
-$46,736
Other revenue
$0
Total assets, end of year
$3,266,222
Total liabilities, end of year
-$85,299
Net assets or fund balances, end of year
$3,351,521
Program services expenses (Part IX)
$1,437,161
Management and general expenses
$7,796
Fundraising expenses
$0
Program service expenses (Part III)
$1,437,161

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,913,315

  • 2a · Program service revenue: FEE REVENUE

    total $14,234 · related or exempt $14,234

  • 3 · Investment income

    total $7,678 · related or exempt $7,678

  • 7a · Gross sales of assets other than inventory

    securities $3,998

  • 7b · Less cost or other basis and sales expenses

    securities $58,412

  • 7c · Gain or loss

    securities -$54,414

  • 7d · Net gain or loss

    total -$54,414 · related or exempt -$54,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,422,865 · program services $1,422,865

  • 11a · Fees: management

    total $18,485 · program services $14,296 · management and general $4,189

  • 11c · Fees: accounting

    total $3,600 · management and general $3,600

  • 13 · Office expenses

    total $7 · management and general $7

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,682 · end of year -$1,090,386

  • 4 · Accounts receivable

    end of year $138,904

  • 11 · Investments: publicly traded securities

    beginning of year $912,737 · end of year $4,217,704

  • 17 · Accounts payable and accrued expenses

    beginning of year $754 · end of year $301

  • 18 · Grants payable

    end of year -$85,600

  • 27 · Net assets without donor restrictions

    beginning of year $915,665 · end of year $3,351,521

Mission and programs · 2023

Mission

ARGENT FOUNDATION (THE "FOUNDATION") IS A TEXAS NONPROFIT CORPORATION FOCUSED ON AIDING CHARITABLE ORGANIZATIONS TO RAISE THE FUNDS NECESSARY TO CONDUCT AND SCALE WORK THAT IS CRUCIAL IN ADDRESSING SOCIAL AND ENVIRONMENTAL CHALLENGES AND PROMOTING THE WELFARE OF SOCIETY. THE FOUNDATION SUPPORTS EFFECTIVE PHILANTHROPY AND GRANTMAKING BY EMPOWERING DONORS TO PURSUE PHILANTHROPIC GOALS AND EMPOWERING CHARITIES TO STRENGTHEN THEIR FINANCIAL RESILIENCE BY PROVIDING GRANTS AND EDUCATION PROGRAMMING TO CHARITIES AND POTENTIAL DONORS REGARDING FUNDRAISING, EFFECTIVE GRANT- MAKING AND PHILANTHROPIC INVESTMENTS.

  • N/A

  • N/A

    Expenses $1,437,161 · Grants $1,422,865

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kelly Hogan

    BOARD MEMBER

    Total calculated
    $0

  • Blair Hull

    PRESIDENT

    Total calculated
    $0

  • Lucius McGehee

    BOARD MEMBER

    Total calculated
    $0

  • Cynthia Woodard

    BOARD MEMBER

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202431369349312308

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.