Hexagon Foundation is a 501(c)(3) organization based in Colorado Spgs, Colorado, registered in 2023, with $506,033,688 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Revenue (FY2024)
$506.0M
▲ 427.6% vs prior year
Religion median: $139K
Expenses (FY2024)
$89.7M
Net assets
$500.3M
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hexagon Foundation: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hexagon Foundation: 67 mo reserves · +82% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hexagon Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hexagon Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Revenue grew from $0 (FY2022) to $506.0M (FY2024) across 3 reported years.
Financial snapshot
Operating margin
82.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$522.9M
Total liabilities
$22.6M
Net assets
$500.3M
Salaries & benefits
$0
0% of expenses
Board members
7
4 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $506,033,688▲428% | $89,729,456▲10421440% | $500,289,323▲422% | $522,903,234▲445% | 990 |
| 2023 | $95,907,277 | $861 | $95,906,416 | $95,906,416 | 990 |
| 2022 | $0 | — | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Start | Treasurer | 1 | — |
| Eric Okeefe | Director | 1 | — |
| Ken Harrison | Vice Chairman | 1 | — |
| Lee Dunn | Director | 1 | — |
| Luke Dunn | Director | 1 | — |
| Rick Von Gnechter | Vice President | 1 | — |
| Tim Dunn | President/ Chairman | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| The Perfection Point Inc | Consulting Services | $150,000 |
3 grants to Hexagon Foundation totaling $51.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Christian Community Foundation Inc | General support | 2023 | $43,228,028 |
| Waterstone Supporting Organization Trust 1 | General support | 2023 | $500,000 |
| Christian Community Foundation Inc | General support | 2022 | $7,500,000 |
3 grants totaling $89.6M in FY2024. All grants made by Hexagon Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Christian Community Foundation Inc | General support | $57,229,116 |
| Waterstone Supporting Organization Trust 1 | General support | $24,743,045 |
| National Foundation Inc | General support | $7,604,774 |
Explore more
Data for Hexagon Foundation (EIN 92-0520319) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.