THE FOUNDERS FUND INC

EIN: 650327093 501(c)(3) Unknown

NAPLES, FL

Total Revenue
$444,845
Total Expenses
$646,482
Total Assets
$3,859,080
Net Assets
$3,859,080
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
FL
Principal Officer
Michael Balgord
Phone
2395930124
Tax Period
2024-07-01 to 2025-06-30

THE FOUNDERS FUND INC, founded in 1991, is a small nonprofit in the Unknown sector that reported $445K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $646K exceeded revenue, resulting in a 45% operating deficit.

Mission

The Organization provides student scholarships for post secondary education to individuals of Collier County, Florida, based on merit and need.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $182,503
Program Service Revenue $0
Investment Income $262,342
Other Revenue $0
TOTAL REVENUE $444,845

Expense Breakdown

Grants Paid $547,379
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $547,379
Other Expenses $99,103
TOTAL EXPENSES $646,482

Year-over-Year Comparison

2024 2023 Change
Revenue $444,845 $1,233,448 -0.6%
Expenses $646,482 $563,602 +0.1%
Net Income $-201,637 $669,846 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$60,999
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Clay Trustee 1.00
Director
$0 $0 $0
Sue Jerovsek Trustee 1.00
Director
$0 $0 $0
Sam Duboc Trustee 1.00
Director
$0 $0 $0
Amy Hill Treasurer 4.00
Officer Director
$0 $0 $0
Mary Carlson Trustee 1.00
Director
$0 $0 $0
Karen Hindman Trustee 1.00
Director
$0 $0 $0
Michael Balgord Chairman 4.00
Officer Director
$0 $0 $0
Donna Issenmann Trustee 1.00
Director
$0 $0 $0
Elizabeth Lerner Trustee 1.00
Director
$0 $0 $0
Greg Stakosch Trustee 1.00
Director
$0 $0 $0
Patricia Scoville Trustee 1.00
Director
$0 $0 $0
Edward Swan Trustee 1.00
Director
$0 $0 $0
Jim Morrisey Trustee 1.00
Director
$0 $0 $0
Tom White Trustee 1.00
Director
$0 $0 $0
Richard Gale Trustee 1.00
Director
$0 $0 $0
Linda Tyson Trustee 1.00
Director
$0 $0 $0
Cindy Schappert Trustee 1.00
Director
$0 $0 $0
Stacy Lee-Williams Fund Dir/Secretary 40.00
Officer
$0 $0 $60,999
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $444,845 $646,482 $3,859,080 $-201,637
2024 $1,233,448 $563,602 $3,963,415 $669,846
2023 $295,392 $482,368 $3,048,933 $-186,976
2022 $1,443,557 $366,291 $3,050,133 $1,077,266
2021 $436,533 $346,403 $2,776,035 $90,130
2020 $408,703 $275,985 $2,303,638 $132,718
2019 $357,362 $394,316 $2,163,779 $-36,954
2018 $1,360,451 $306,207 $2,148,551 $1,054,244
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