Apex Oil Company Charitable Foundation
- Assets
- $8.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Clayton, MO
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 71-0914470
Organization Overview
Apex Oil Company Charitable Foundation is located in Clayton, MO. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Apex Oil Company Charitable 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, Apex Oil Company Charitable Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $812.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Apex Oil Company Charitable Foundation has awarded 37 individual grants totaling $4,941,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul A Novelly President / Director | 0 | $0 | |
Paul A Novelly II Director | 0 | $0 | |
Chandra N Niemann Treasurer / Director | 10 | $0 | |
Karon M Burns Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $273,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109 |
| Capital Gain Net Income | $109 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,523,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,538 |
| Total operating and administrative expenses | $2,538 |
| Contributions, gifts, grants paid | $810,000 |
| Total expenses and disbursements | $812,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,099,285 |
| 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 | $0 |
| Total assets | $8,099,285 |
| 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, Apex Oil Company Charitable Foundation has awarded $810,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS ACADEMIES PURPOSE: TO SUPPORT EDUCATION | $10,000 |
BOYS & GIRLS CLUBS OF BROWARD COUNTY PURPOSE: TO SUPPORT AT-RISK YOUTH | $25,000 |
BJC HOSPITAL FOUNDATION PURPOSE: TO FUND MS RESEARCH | $100,000 |
BOYS HOPE GIRLS HOPE PURPOSE: TO SUPPORT EDUCATION | $10,000 |
HORATIO ALGER ASSOCIATION PURPOSE: TO PROVIDE SCHOLARSHIPS | $250,000 |
INCARNATE WORD PURPOSE: TO SUPPORT EDUCATION | $10,000 |