Is it real?
Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $24K paid to officers and key staff (Part VII, Section A).
Louise Cantwell’s $24K as Executive Directorsecretary is at the 17th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Sam Ximenes | — | — | $39,000 | $65,500 | $64,000 |
| Louise Cantwell | $24,000 | $20,000 | $12,000 | $12,000 | $12,000 |
| Donald Hooper | — | — | — | — | $12,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Wex Foundation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves STEM learning in middle and high schools.
Questions for Wex Foundation
Your first name shows with your question. Wex Foundation answers here, for everyone.
Provided stem based programs to underrepresented minorities to assist aerospace professionals in solving real-world exploration technology development challenges.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0932048) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $42K | $107K |
| Total assetsLn 16 | $215K | $263K |
| LiabilitiesLn 26 | $36K | $80K |
| Net assetsLn 32 | $179K | $183K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $24K | $22K | $2K | |
| Other salaries and wagesLn 7 | $136K | $123K | $14K | |
| Other employee benefitsLn 9 | $5K | $5K | ||
| Legal feesLn 11b | $4K | $4K | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Other fees for servicesLn 11g | $42K | $42K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $2K | $415 | $1K | |
| OccupancyLn 16 | $48K | $38K | $11K | |
| TravelLn 17 | $8K | $8K | ||
| InterestLn 20 | $1K | $1K | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $35K | $35K | ||
| Total functional expensesLn 25 | $312K | $280K | $32K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $456K | $312K | $144K | $183K | 990 PDF |
| FY2023Filed with the IRS Mar 31, 2025 | $223K | $161K | $62K | $179K | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $251K | $260K | −$9K | $117K | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $486K | $432K | $54K | $126K | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $560K | $399K | $161K | $514K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $455,757 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $455,757 across 6 lines filed
Part IX · Statement of functional expenses $311,587 across 13 lines filed
Part X · Balance sheet $262,606 assets, 10 lines filed
Part XI · Reconciliation of net assets $182,569 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.
We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.