Civic Intelligence

Argent Foundation

990 • Fiscal year 2021 • EIN 86-1771653

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

Organization Profile
500 East Reynolds DriveRuston, LA 71270

(318) 251-3226

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets94th percentile

Assets

$554,890

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$554,890

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2021: $554,890Liabilities 2021: $554,890Net Assets 2021: $02021Assets 2022: $916,419Liabilities 2022: $754Net Assets 2022: $915,6652022Assets 2023: $3,266,222Liabilities 2023: -$85,299Net Assets 2023: $3,351,5212023Assets 2024: $9,829,166Liabilities 2024: $5,499Net Assets 2024: $9,823,6672024

Highlighted filing

2021

Assets$554,890
Liabilities$554,890
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $618,456Expenses 2022: $178,564Net Income 2022: $439,8922022Revenue 2023: $3,880,813Expenses 2023: $1,444,957Net Income 2023: $2,435,8562023Revenue 2024: $8,219,898Expenses 2024: $1,753,183Net Income 2024: $6,466,7152024

Highlighted filing

2021

Revenue$0
Expenses$0
Net Income$0
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$586,834
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$554,965-
Total Assets$0$554,965▲ $554,965
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$554,965-
Total Net Assets Fund Balance$0$554,965▲ $554,965
Total Liabilities and Net Assets / Fund Balance$0$554,965▲ $554,965
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Blair HullPresident
Cynthia WoodardBoard Member
Kelly HoganBoard Member
Lucius McgeheeBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$585,876
Program Service Revenue
$0
Investment Income
$225
Other Revenue
$0
All Other Contributions
$585,876
Change in Net Assets
$554,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$31,390
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$31,390--$31,390
Total Functional Expenses$31,390$0$0$31,390
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Argent Foundation
EIN
86-1771653
Address
500 EAST REYNOLDS DRIVE, RUSTON, LA 71270

Signing Officer

Name
Lucius Mcgehee
Title
Board Member
Signed
2022-11-11

Organization Details

Principal Officer
Blair Hull
Formed
2021
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Woodard & Associates (apac)
Address
1904 STUBBS AVENUE SUITE B, MONROE, LA 71201
Preparer
Lori Woodard
Phone
3183872672
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“Amended to show corrected books on 990.”

FORM 990 - ORGANIZATION'S 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.”

Form 990, Page 2, Part III, Line 4D

“N/A”

Raw XML Appendix251 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt031390
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IRS990/LoanOutstandingInd0false
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0ARGENT 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMENDED TO SHOW CORRECTED BOOKS ON 990.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/Filer/EIN0861771653
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI WOODARD
ReturnHeader/ReturnTs02023-11-15T19:04:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LUCIUS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCGEHEE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$554,890
Liabilities
$554,890
Net assets
$0
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.83$0.01$9.82$8.22$1.75$6.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.27$0.09$3.35$3.88$1.44$2.44
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.62$0.18$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.55$0.00$0.00$0.00$0.00