Maxon Foundation
- Assets
- $25.4m
- Revenue
- $893.4k
- Investments
- $25.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 05/1965
- Data as of
- 12/2023
- 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.
For the year ending 12/2023, Maxon Foundation generated $893.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Maxon Foundation has awarded 30 individual grants totaling $7,765,381. 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 | $675,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $196,002 |
| Capital Gain Net Income | $196,002 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,198 |
| Total Revenue | $893,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $291,513 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,592 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,386 |
| Total operating and administrative expenses | $327,991 |
| Contributions, gifts, grants paid | $1,727,444 |
| Total expenses and disbursements | $2,055,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,833 |
| Savings and temporary cash investments | $258,920 |
| 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 | $14,313,385 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,767 |
| Total assets | $25,412,832 |
| 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 $1,727,444 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI CHILDRENS HOSPITAL PURPOSE: GENERAL OPERATING | $250,000 |
MUNSON HEALTHCARE REGIONAL FDN PURPOSE: GENERAL OPERATING | $320,600 |
THE CHRIST HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $250,000 |
ST ELIZABETH MEDICAL CENTER INC PURPOSE: GENERAL OPERATING | $500,000 |
UNIVERSITY OF CINCINNATI HOSPITAL FDN PURPOSE: GENERAL OPERATING | $106,844 |
PREMIER HEALTH PARTNERS PURPOSE: GENERAL OPERATING | $300,000 |