The High Q Foundation Inc
- Assets
- $393.2m
- Revenue
- $137.3m
- Investments
- $90.9m
- Employees
- 0
- Location
- Roseland, NJ
- Founding
- 09/2002
- Data as of
- 11/2023
- 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 11/2023, High Q Foundation Inc generated $137.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $230.3k during the year ending 11/2023. 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 | |
Kenneth J Slutsky President/asst Treasurer | 0.2 | $0 | |
David Mills Vp/secretary | 0.1 | $0 | |
Triplet Investment Company Llc Member | 1 | $0 | |
Timothy Hentzel Treasurer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,913,672 |
| Interest on Savings | $6,780,203 |
| Dividends & Interest | $3,619,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,729 |
| Capital Gain Net Income | $18,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $137,331,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,161 |
| Taxes | $143,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,617 |
| Total operating and administrative expenses | $230,298 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $230,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,038 |
| Savings and temporary cash investments | $301,503,228 |
| 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 | $18,052 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $90,945,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $716,098 |
| Total assets | $393,197,378 |
| Accounts payable and accrued expenses | $11,229 |
| 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 | $92,507 |
| Total liabilities | $103,736 |