Hexagon Foundation EIN 92-0520319 Form 990 (PDF) Claim this org

Hexagon Foundation FY2023 filing

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Provides financial support and resources for Christian community initiatives. For fiscal year 2023 it reported $95.9M in revenue, $861 in expenses, and $95.9M in net assets.Pt I

Founded
2022
Type
Supporting organization · Religion
Location
Colorado Spgs, CO
Filings
3 on file (2022–2023)
Revenue
$95.9MFY2023
Expenses
$861
Net assets
$95.9M
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  92-0520319 Supporting organization Colorado Spgs, CO Founded 2022
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/4/26 · see original: IRS
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Size
$100M+
What they do
Provides financial support and resources for Christian community initiatives.
Leadership
Ken Harrison · Vice Chairman
Money in and out
$95.9M revenue, $861 expenses
Bottom line
+100% net inflow
Money in and out · FY2023
Total revenue
$95.9M
Pt VIII · Ln 12
Total expenses
$861
Pt IX · Ln 25
Net assets
$95.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $95.9M
Where spending went · Part IX cols B–D
Management & general $1.00
Net inflow
+100%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
0%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$95.9M
FY2023
Expenses
$861
FY2023
Total assets
$95.9M
FY2023
Total liabilities
$0
FY2023
Total revenue
$95.9M
Pt VIII · Ln 12
Total expenses
$861
Pt IX · Ln 25
Net assets
$95.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$95.9M
Total assetsPt X · Ln 16$95.9M
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHexagon Foundation
EINHdr · item D92-0520319
Principal addressHdr · item CColorado Spgs, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2022
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFApr 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Chairman
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hexagon Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

The Foundation is Organized and Operated to Support Christian Community Foundation dba WaterStone and other Public Charities whose work furthers WaterStone's purposes by receiving and managing charitable contributions to support those ministries.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$95.9M
Total revenueLn 12$95.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$861
Total functional expensesLn 25$861

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$95.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$95.9M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $95.9M · Operating expenses (Pt IX) $861 · Less non-cash grants $88.4M · Cash operating expenses/yr $-88.4M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $0 · Total expenses $861
0%
Management & General
Management & general $861 · Total expenses $861
100%
Fundraising
Fundraising $0 · Total expenses $861
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $95.9M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $95.9M · Total revenue $95.9M
100%
Government reliance
Government grants — · Total revenue $95.9M
Earned-income share
Program service revenue $0 · Total revenue $95.9M
0%
Investment reliance
Investment income $0 · Total revenue $95.9M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $861
0%
Growth & trend
Revenue growth (YoY)
This year $95.9M · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $95.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $95.9M · Expenses $861
+100%
Liabilities-to-Assets
Total liabilities — · Total assets $95.9M
Net-asset ratio
Net assets $95.9M · Total assets $95.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $95.9M · Total assets (Pt X, ln 16) $95.9M
100%
People & payroll
Highest Reported Total Compensation
Individual Ken Harrison · Reported title Vice Chairman · Highest reported compensation $0 · Total expenses $861
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $861
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$43.7M
Grants paid · 3 grants · $89.6M · 2024–2024
Christian Community Foundation INCCO · FY2024$57,229,116
National Foundation INCCO · FY2024$7,604,774

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$506.0M revenue · ⤓ 990 PDF
FY2023$95.9M revenue · viewing · ⤓ 990 PDF
FY2022$0 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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