Nonprofit · EIN 35-1848445
EDGAR & LUCILE SCHERGENS FOUNDATION INC
Tax-exempt · TELL CITY, IN 47586
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,493,933 | $383,069 | $1,110,864 | $7,687,559 | $0 | $7,687,559 |
| December 31, 2023 | 990-PF | $147,882 | $298,824 | -$150,942 | $6,742,435 | $0 | $6,742,435 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $207,369
- Net gain from sales of assets
- $1,276,397
- Other income
- $10,167
Expenses
- Grants and similar amounts paid
- $376,068
- Disbursements for charitable purposes
- $376,068
- Excise tax on investment income
- $20,009
Balance sheet and other
- Total assets, start of year
- $6,742,435
- Total assets, end of year
- $7,687,559
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,687,559
- Fair market value of assets
- $8,545,552
- Qualifying distributions
- $376,068
- Net investment income
- $1,483,766
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Borders 83 Guttenberg Ln, Tell City, IN 47586 | President | 1 | $0 |
| Karen Werner 83 Guttenberg Ln, Tell City, IN 47586 | Vice President | 1 | $0 |
| Kristi Applegate 83 Guttenberg Ln, Tell City, IN 47586 | Treasurer | 1 | $0 |
| Anjan Kashyab 83 Guttenberg Ln, Tell City, IN 47586 | Board Member | 1 | $0 |
| Patrick Borders 83 Guttenberg Ln, Tell City, IN 47586 | Board Member | 1 | $0 |
| Mary Jo Borders 83 Guttenberg Ln, Tell City, IN 47586 | Board Member | 1 | $0 |
| Derrick Lawalin 83 Guttenberg Ln, Tell City, IN 47586 | Board Member | 1 | $0 |
| Missy Noble 83 Guttenberg Ln, Tell City, IN 47586 | Board Member | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Borders 83 Guttenberg Ln, Tell City, IN 47586 | President | 1 | $0 |
| Karen Werner 83 Guttenberg Ln, Tell City, IN 47586 | Vice President | 1 | $0 |
| Kristi Applegate 83 Guttenberg Ln, Tell City, IN 47586 | Treasurer | 1 | $0 |
| Derrel Zellers 83 Guttenberg Ln, Tell City, IN 47586 | Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 83 GUTTENBERG LN, TELL CITY, IN 47586-2045
- In care of
- % KRISTI APPLEGATE
- Signed the 990-PF
- KRISTI APPLEGATE, Treasurer
- Phone
- (812) 608-0300
- Return prepared by
- MarshTerry&Associates
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 35-1848445
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T60Z)
- Assets (IRS master file)
- $7,687,559
- Income (IRS master file)
- $8,676,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,493,933 | $383,069 | $7,687,559 | IRS |
| 990-PF | December 2023 | $147,882 | $298,824 | $6,742,435 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 35-1848445).
Questions about EDGAR & LUCILE SCHERGENS FOUNDATION INC
- What is the EIN of EDGAR & LUCILE SCHERGENS FOUNDATION INC?
- The employer identification number (EIN) of EDGAR & LUCILE SCHERGENS FOUNDATION INC is 35-1848445.
- Is EDGAR & LUCILE SCHERGENS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to EDGAR & LUCILE SCHERGENS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does EDGAR & LUCILE SCHERGENS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of EDGAR & LUCILE SCHERGENS FOUNDATION INC 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 EDGAR & LUCILE SCHERGENS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of EDGAR & LUCILE SCHERGENS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does EDGAR & LUCILE SCHERGENS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,493,933, expenses of $383,069 and total assets of $7,687,559 at year end.
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