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Nonprofit · EIN 86-1771653

ARGENT FOUNDATION

Tax-exempt · RUSTON, LA 71270

Financials

$8.2M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of ARGENT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$8,219,898$1,753,183$6,466,715$9,829,166$5,499$9,823,667
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,185,310
Program service revenue
$31,357
Investment income
$3,231
Net gain from sales of assets
$3,231
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,680,184
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$16,130
Accounting fees
$13,800
Program services (functional)
$1,711,541
Management and general (functional)
$41,642

Balance sheet and other

Total assets, start of year
$3,266,222
Total assets, end of year
$9,829,166
Total liabilities, end of year
$5,499
Net assets, end of year
$9,823,667
Publicly traded securities
$13,015,394
Net assets without donor restrictions
$9,823,667
Gross receipts
$8,219,898
Employees
0
Year formed
2021
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KELLY HOGANBOARD MEMBER
Officer
–$0
BLAIR HULLPRESIDENT
Officer
–$0
LUCIUS MCGEHEEBOARD MEMBER
Officer
–$0
CYNTHIA WOODARDBOARD MEMBER
Officer
–$0

Address and contacts

Address (IRS master file)
500 E REYNOLDS DR, RUSTON, LA 71270-2821
In care of
% LUCIUS D MCGEHEE JR
Principal officer (990 for 2024)
ARGENT FOUNDATION, 500 E REYNOLDS DRIVE, RUSTON, LA 71270
Signed the 990
BLAIR HULL, PRESIDENT
Return prepared by
WOODARD & ASSOCIATES (APAC)

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.

990 for the year ended December 31, 2024

Program accomplishments

  • N/A
  • N/A
    Expenses $1,711,541 · grants $1,680,184

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-1771653
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$9,829,166
Income (IRS master file)
$8,219,898

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$3,880,813$1,444,957$3,266,222IRS
990December 2022$618,456$178,564$916,419IRS
990December 2021–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about ARGENT FOUNDATION

What is the EIN of ARGENT FOUNDATION?
The employer identification number (EIN) of ARGENT FOUNDATION is 86-1771653.
Is ARGENT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to ARGENT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARGENT FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARGENT FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARGENT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ARGENT FOUNDATION?
The 990 for the year ended December 31, 2024 names ARGENT FOUNDATION.
Who are the officers and directors of ARGENT FOUNDATION?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does ARGENT FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $8,219,898, expenses of $1,753,183 and total assets of $9,829,166 at year end.

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