Overview
What is Argent Foundation?
The Argent Foundation, headquartered in Ruston, Louisiana, is a Texas nonprofit corporation dedicated to aiding charitable organizations. Their mission is to support these organizations in raising the necessary funds to tackle social and environmental challenges, ultimately promoting societal welfare. They achieve this by empowering donors to pursue their philanthropic goals and strengthening the financial resilience of charities through grant provision and educational programming focused on effective fundraising, grant-making, and philanthropic investments. The foundation plays a crucial role in fostering effective philanthropy, thereby contributing to the betterment of society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 70%)
The Argent Foundation has received a two-star rating from Charity Navigator, indicating that the organization requires significant improvements in its financial and accountability practices. While it maintains a solid program expense ratio of 99.11%, showcasing a commitment to direct program funding, there are notable weaknesses in its financial transparency and governance practices that have contributed to its low overall score.
The organization has a strong majority of independent board members, which is a positive aspect for governance. However, the board size lacks sufficient independent members, and critical policies, such as conflict of interest and whistleblower policies, are missing. Additionally, the absence of financial statements and specific governance documents further raises concerns about accountability and transparency in the foundation's operations.
Despite these limitations, the Argent Foundation shows some fiscal stability with a favorable liabilities-to-assets ratio and no material diversion of assets. These factors suggest that, while improvements are necessary, the organization is effectively managing its financial obligations and prioritizing program expenses over fundraising costs. Overall, stakeholders may want to monitor the foundation's governance enhancements and transparency efforts moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Argent Foundation legitimate?
Argent Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Argent Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Argent Foundation?
The Argent Foundation, a Texas-based nonprofit organization, aims to assist charitable organizations in raising funds for crucial work addressing social and environmental challenges and promoting societal welfare. The foundation promotes effective philanthropy and grantmaking by empowering donors to pursue their philanthropic goals and strengthening the financial resilience of charities through providing grants and educational programming on fundraising, effective grantmaking, and philanthropic investments.
Who is the CEO of Argent Foundation?
Argent Foundation is the Principal Officer of Argent Foundation.
What is the revenue of Argent Foundation?
Argent Foundation's revenue in 2022 was $618,456.
Who are the executives of Argent Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Argent Foundation?
Argent Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Argent Foundation
Argent Foundation, as a Texas-based nonprofit corporation, is dedicated to aiding charitable organizations in raising the funds necessary to tackle critical social and environmental challenges and enhance society's welfare. The foundation promotes effective philanthropy and grantmaking by empowering donors to pursue their philanthropic objectives and strengthening the financial resilience of charities. To achieve this, Argent Foundation provides grants and education programming, focusing on fundraising, effective grant-making, and philanthropic investments. By doing so, the foundation aims to support charitable organizations in conducting and expanding their crucial work, ultimately contributing to a more prosperous and equitable society.
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Impact
July, 2024
Argent Foundation's impact is centered around aiding charitable organizations in raising funds to address social and environmental challenges and promote welfare. The foundation empowers donors to pursue philanthropic goals and helps charities strengthen their financial resilience through grants and education programming on fundraising, effective grant-making, and philanthropic investments. With a focus on effective philanthropy and grantmaking, Argent Foundation plays a crucial role in supporting organizations to conduct and scale work that is crucial for the betterment of society.
This information is meant to be a general summary of Argent Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$17,001
- Program Service Revenue: $5,150
- Gross Receipts: $740,588
Assets and Liabilities:
- Total Assets: $916,419
- Total Liabilities: $754
- Net Assets: $915,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE REVENUE
Revenue
$5,150
Organization Details
Founding Year
2021
Principal Officer
Argent Foundation
Main Address
500 EAST REYNOLDS DRIVE, RUSTON, LA, 71270
NTEE Category
Code: T31 - Philanthropy
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