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
94 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; $20K 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 underrepresnted minorities to assist aerospace professionals in solving real-world exploration technology development challenges.
Form 990 Part III, line 4, FY2023. 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 FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $58K | $42K |
| Total assetsLn 16 | $153K | $215K |
| LiabilitiesLn 26 | $36K | $36K |
| Net assetsLn 32 | $117K | $179K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $20K | $18K | $2K | |
| Other salaries and wagesLn 7 | $20K | $18K | $2K | |
| Other fees for servicesLn 11g | $71K | $71K | ||
| Advertising and promotionLn 12 | $43 | $43 | ||
| Office expensesLn 13 | $8K | $8K | $576 | |
| OccupancyLn 16 | $39K | $35K | $4K | |
| InterestLn 20 | $1K | $1K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Total functional expensesLn 25 | $161K | $151K | $10K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 17, 2025 | $456K | $312K | $144K | $183K | 990 PDF |
| FY2023 ViewingFiled 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 FY2023 990
Part I · Summary $223,397 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 2 to look at
Part VIII · Statement of revenue $223,397 across 4 lines filed
Part IX · Statement of functional expenses $161,267 across 8 lines filed
Part X · Balance sheet $215,331 assets, 9 lines filed
Part XI · Reconciliation of net assets $179,497 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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