Maxar Foundation
- Assets
- $425.9k
- Revenue
- $259.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Westminster, CO
- Founding
- Data as of
- 12/2023
- EIN
- 86-2730791
Organization Overview
Maxar Foundation is located in Westminster, CO. 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. Maxar 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, Maxar Foundation generated $259.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.3% each year . All expenses for the organization totaled $174.3k during the year ending 12/2023. While expenses have increased by 52.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Maxar Foundation has awarded 29 individual grants totaling $697,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTS FUNDS TO VARIOUS ORGANIZATIONS WHOSE CHARITABLE MISSION ALIGNS WITH THAT OF MAXAR FOUNDATION. DURING 2023, THE FOUNDATION APPROVED GRANTS TO SIX ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Korneffel President | 1.5 | $0 | |
Katie Appenrodt Secretary | 1 | $0 | |
Liz Andora Board Member | 1 | $0 | |
Chris Coker Board Member | 1 | $0 | |
Carolyn Pittman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,100 |
| Interest on Savings | $6,640 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $259,740 |
| 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 | $1,994 |
| Total operating and administrative expenses | $36,773 |
| Contributions, gifts, grants paid | $137,500 |
| Total expenses and disbursements | $174,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,215 |
| Savings and temporary cash investments | $420,690 |
| 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 | $425,905 |
| 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, Maxar Foundation has awarded $137,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE CHECK CHARITABLE FOUNDATION INC PURPOSE: DISASTER | $12,500 |
CAMP CORRAL PURPOSE: VETERAN | $25,000 |
FOURBLOCK FOUNDATION INC PURPOSE: VETERAN | $25,000 |
GREEN DECK INC DBA SALUTE COLORADO PURPOSE: VETERAN | $25,000 |
A SANCTUARY FOR MILITARY FAMILIES INC DBA PROJECT SANCTUARY PURPOSE: VETERAN | $25,000 |
TEAM RUBICON PURPOSE: VETERAN | $25,000 |