Maxon Foundation
- Assets
- $254.5k
- Revenue
- $22.5k
- Investments
- $218.2k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 52-6722157
Organization Overview
Maxon Foundation is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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.
For the year ending 12/2022, Maxon Foundation generated $22.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $25.2k during the year ending 12/2022. 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 |
|---|---|---|---|
Sophia M Ackerly Trustee | 0.5 | $0 | |
Dana T Ackerly Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,075 |
| Capital Gain Net Income | $12,075 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,471 |
| Total operating and administrative expenses | $1,908 |
| Contributions, gifts, grants paid | $23,250 |
| Total expenses and disbursements | $25,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,885 |
| Savings and temporary cash investments | $10,487 |
| 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 | $218,155 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $254,527 |
| 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 $23,250 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF MUNCIE AND DELAWARE COUNTY PURPOSE: CHARITABLE | $1,000 |
BISHOP WALKER SCHOOL FOR BOYS PURPOSE: EDUCATIONAL | $3,500 |
DEERFIELD ACADEMY PURPOSE: CHARITABLE | $100 |
FRIENDS OF SULGRAVE MANOR PURPOSE: CHARITABLE | $50 |
HOUSE OF RUTH PURPOSE: CHARITABLE | $100 |
JUBILEE JOBS PURPOSE: EDUCATIONAL | $200 |