The High Q Foundation Inc
- Assets
- $38.3m
- Revenue
- $190.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Roseland, NJ
- Founding
- 09/2002
- Data as of
- 11/2021
- EIN
- 02-0537670
Organization Overview
The High Q Foundation Inc is located in Roseland, NJ. The organization was established in 2002. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Q Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, High Q Foundation Inc generated $190.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $155.0m during the year ending 11/2021. While expenses have increased by 7.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Berger Vp/asst Secretary | 0.1 | $0 | |
Timothy Hentzel Treasurer | 0.3 | $0 | |
David Mills Vp/secretary | 0.1 | $0 | |
Kenneth J Slutsky President/treasurer | 0.2 | $0 | |
Triplet Investment Company Llc Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $190,154,332 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,168 |
| Capital Gain Net Income | $131,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $190,286,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,638 |
| Total operating and administrative expenses | $26,827 |
| Contributions, gifts, grants paid | $155,000,000 |
| Total expenses and disbursements | $155,026,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501,857 |
| Savings and temporary cash investments | $20,988,097 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,549 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,810,984 |
| Total assets | $38,314,487 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The High Q Foundation Inc Roseland, NJ | $38,314,487 | $190,286,572 |
Northwest Institute Of Research Inc Erie, PA | $4,835,958 | $44,694,809 |
Hyacinth Foundation A New Jersey Nonprofit Corporation New Brunswick, NJ | $2,127,419 | $9,677,408 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Students 2 Science East Hanover, NJ | $4,913,280 | $4,122,884 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Osteoarthritis Research Society International Inc Mount Laurel, NJ | $3,489,953 | $1,360,063 |
New York State Association For Latham, NY | $359,200 | $986,634 |