Quanex Foundation
- Assets
- $7.5m
- Revenue
- $600.5k
- Investments
- $6.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1986
- Data as of
- 12/2023
- EIN
- 36-6065490
Organization Overview
Quanex Foundation is located in Houston, TX. The organization was established in 1986. 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. Quanex 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, Quanex Foundation generated $600.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. 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 |
|---|---|---|---|
Paul B Cornett President | 0 | $0 | |
George Wilson Vice Presdent | 0 | $0 | |
Scott M Zuehlke Vp- Treasurer | 0 | $0 | |
Kimberley N Garcia Vice President | 0 | $0 | |
Marcia O Stokes Secretary | 0 | $0 | |
Angela Bongat Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,024 |
| Dividends & Interest | $289,095 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $309,365 |
| Capital Gain Net Income | $309,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $600,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,786 |
| Total operating and administrative expenses | $20,133 |
| Contributions, gifts, grants paid | $993,402 |
| Total expenses and disbursements | $1,013,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,795 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,153 |
| Total assets | $7,483,264 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $318,924 |
| 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 | $318,924 |