Maxon Foundation
- Assets
- $28.6m
- Revenue
- $1.9m
- Investments
- $27.7m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 05/1965
- Data as of
- 12/2021
- EIN
- 31-6045992
Organization Overview
Maxon Foundation is located in Milwaukee, WI. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maxon Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Maxon Foundation has awarded 17 individual grants totaling $3,869,057. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $513,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,336,693 |
| Capital Gain Net Income | $1,336,693 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,789 |
| Total Revenue | $1,866,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $291,706 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $352,077 |
| Contributions, gifts, grants paid | $1,909,057 |
| Total expenses and disbursements | $2,261,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $892,635 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,408,697 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,278 |
| Total assets | $28,610,433 |
| 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 |
Grants Awarded
Over the last fiscal year, Maxon Foundation has awarded $1,909,057 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MIAMI VALLEY HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $642,057 |
Edgewood, KY PURPOSE: GENERAL OPERATING | $300,000 |
Cincinnati, OH PURPOSE: GENERAL OPERATING | $250,000 |
CINCINNATI CHILDRENS HOSPITAL FDN PURPOSE: GENERAL OPERATING | $250,000 |
MUNSON HEALTHCARE REGIONAL FDN PURPOSE: GENERAL OPERATING | $178,000 |
ATRIUM MEDICAL CENTER FOUNDATION PURPOSE: GENERAL OPERATING | $168,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |