The Maxon Foundation FY2022 filing

Tax-deductible

Milwaukee, WI501(c)(3)EIN 31-6045992

501(c)(3) charity; gifts are tax-deductible.
$292K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $753K a year · 50% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$292K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$426K
-77% vs prior year
Spent
$2.5M
Net assets
$26.6M
By yearFY2020–FY2024
Revenue
$426K
FY2022▼ -77%
Revenue by fiscal year
FY2020$2.6M
FY2021$1.9M
FY2022$426K
FY2023$893K
FY2024$1.8M
Expenses
$2.5M
FY2022▲ +10%
Expenses by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.5M
FY2023$2.1M
FY2024$2.3M
Net assets
$26.6M
FY2022▼ -7%
Net assets by fiscal year
FY2020$29.1M
FY2021$28.6M
FY2022$26.6M
FY2023$25.4M
FY2024$25.0M

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 87% · $2.2M Operating & administrative 13% · $319K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990-PF; $292K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$291,706Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2021
US Bank N A$335,089$291,706

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 The Maxon Foundation executive salaries →

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Programs and updates

A private foundation based in Milwaukee, WI.

Provided by the organization

This section is blank until The Maxon Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 8 grants · $1.9M · 2024–2024
St Elizabeth FoundationFY2024$500,000
Munson Healthcare FoundationFY2024$351,200
The Christ Hospital FoundationOH · FY2024$250,000
Bronson Health FoundationFY2024$165,100
Mercy Health FoundationFY2024$150,000
Restore Sight INCOH · FY2024$105,000
UK Research FoundationFY2024$100,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$240K
Median grantPart XV$250K
Largest grantPart XV$500K
Top cause focusNTEEHealth Care (38%)

By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$426K
Investment income$423K
Other income$3K
Money out
$2.5M
Grants paid$2.2M
Running costs$319K
Owns and owes
$26.6M
net assets
Cash and savings$996K
Total assets$26.6M
Liabilities$0
People
1
listed
Paid1
2In more detail
Revenue in detail
Investment income$423K
Other income$3K
Total revenue$426K
Assets in detailEnd of year
Cash and savings together$996K
Total assets$26.6M
Liabilities$0
Net assets$26.6M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$2.3M−$537K$25.0M 990 PDF
FY2023 $893K$2.1M−$1.2M$25.4M 990 PDF
FY2022 Viewing $426K$2.5M−$2.1M$26.6M 990 PDF
FY2021 $1.9M$2.3M−$395K$28.6M 990 PDF
FY2020 $2.6M$2.2M$393K$29.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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