Paul D Schurgot Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Paul D Schurgot Foundation Inc is a 501(c)(3) organization based in Wilmington, Delaware, registered in 1972, with -$131,623 in FY2024 revenue. CharityIndex grades it F.
1403 Shallcross Ave Apt 201, Wilmington, DE, 19806 EIN 23-7137799 Since 1972
Revenue (FY2024)
-$132K
▼ 139.7% vs prior year
Expenses (FY2024)
$357K
Net assets
$6.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Paul D Schurgot Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating208 mo reserves · -371% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Paul D Schurgot Foundation Inc: 208 mo reserves · -371% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Paul D Schurgot Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Paul D Schurgot Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1403 Shallcross Ave Apt 201, Wilmington, DE, 19806
- City
- Wilmington
- State
- Delaware
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $65K (FY2016) to -$132K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $6.2M
Operating margin
-371.0%
Spent more than it raised in the latest fiscal year.
Total assets
$6.2M
Total liabilities
$0
Net assets
$6.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$131,623▼140% | $356,738▼3.1% | $6,174,499▼7.4% | $6,174,499▼7.4% | 990PF |
| 2023 | $331,197▲125% | $368,183▼11.2% | $6,667,872▼0.6% | $6,667,872▼0.6% | 990PF |
| 2022 | $147,366▲234% | $414,802▲8.4% | $6,708,680▼3.9% | $6,708,680▼3.9% | 990PF |
| 2021 | -$110,370▼151% | $382,720▼6.3% | $6,978,744▼6.6% | $6,978,744▼6.6% | 990PF |
| 2020 | $215,197▲5.5% | $408,265▲1.4% | $7,475,306▼2.5% | $7,475,306▼2.5% | 990PF |
| 2019 | $204,046▲15.0% | $402,616▼2.7% | $7,667,262▼2.6% | $7,667,262▼2.6% | 990PF |
| 2018 | $177,479▼15.4% | $413,968▲9.0% | $7,868,109▼2.9% | $7,868,109▼2.9% | 990PF |
| 2017 | $209,697▲224% | $379,692▼21.2% | $8,105,196▼2.1% | $8,105,196▼2.1% | 990PF |
| 2016 | $64,626 | $481,630 | $8,275,191 | $8,275,191 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Paul D Schurgot Foundation Inc a legitimate nonprofit?
- Yes. Paul D Schurgot Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7137799, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Paul D Schurgot Foundation Inc's EIN?
- Paul D Schurgot Foundation Inc's Employer Identification Number (EIN) is 23-7137799.
- How much revenue does Paul D Schurgot Foundation Inc report?
- Paul D Schurgot Foundation Inc reported -$131,623 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Paul D Schurgot Foundation Inc have?
- CharityIndex grades Paul D Schurgot Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Paul D Schurgot Foundation Inc (EIN 23-7137799) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.