The High Q Foundation Inc is a 501(c)(3) organization based in Roseland, New Jersey, registered in 2002, with $152,192,779 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$152.2M
▲ 10.8% vs prior year
Science & Tech median: $288K
Expenses (FY2023)
$872K
Net assets
$540.4M
Employees
—
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. Not scored for The High Q Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). 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 The High Q Foundation Inc: 7440 mo reserves · +99% 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. Not scored for The High Q Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). 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 The High Q Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $190.3M (FY2020) to $152.2M (FY2023) across 4 reported years.
Financial snapshot
Operating margin
99.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$540.5M
Total liabilities
$109K
Net assets
$540.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $152,192,779▲10.8% | $871,583▲278% | $540,371,829▲37.5% | $540,481,155▲37.5% | 990PF |
| 2022 | $137,331,950▼35.8% | $230,298▲572% | $393,093,642▲56.3% | $393,197,378▲56.4% | 990PF |
| 2021 | $213,865,893▲12.4% | $34,283▼100.0% | $251,471,528▲556% | $251,471,528▲556% | 990PF |
| 2020 | $190,286,572 | $155,026,827 | $38,314,487 | $38,314,487 | 990PF |
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 |
|---|---|---|---|
| David Mills | Dir./vp/secretary | 0.1 | — |
| John L Berger | Dir./vp/asst Secretary | 0.1 | — |
| Kenneth J Slutsky | Dir./president/asst Treasurer | 0.2 | — |
| Timothy Hentzel | Treasurer | 0.3 | — |
| Triplet Investment Company LLC | Member | 1 | — |
Explore more
Data for The High Q Foundation Inc (EIN 02-0537670) 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.