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EIN 92-0742101

The X Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Austin
State
Texas
Year formed
2021
Most recent tax filings
2023-06-01
NTEE code, primary
B20: Elementary, Secondary Education
Description
The X Foundation aims to create schools and ultimately a university dedicated to STEM education at the highest levels. Currently, they are in the process of opening an upper and lower elementary school in Bastrop, Texas focused on teaching STEM subjects and related topics. The school is projected to open in August 2024 and will function primarily as a STEM-focused institution. They are headquartered in Austin, TX.
Also known as...
The Foundation
Total revenues
$100,110,359
2023
Total expenses
$25,385
2023
Total assets
$202,982,507
2023
Num. employees
0
2023

Program areas at The X Foundation

The Foundation is in The process of opening an upper and lower elementary school in bastrop, Texas focused on teaching stem subjects and other related topics. The school is currently projected to open in august 2024. The school's primary function will be formal instruction and curriculum by a regular faculty to a regularly enrolled student body in bastop, Texas. Distance learners may be included in The future. The school's current capacity is approximately 54 students, and it plans to expand based on The needs of The local community and on a timeline that provides for quality education and overall experience.

Who funds The X Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Musk FoundationTo Support School Operations and Programs$10,000,000

Personnel at The X Foundation

NameTitleCompensation
Jared BirchallPresident$0

Financials for The X Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$99,941,380
Program services$0
Investment income and dividends$168,978
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1
Total revenues$100,110,359

Form 990s for The X Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
Data update history
July 12, 2024
Used new vendors
Identified 1 new vendor, including
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $10,000,000 from Musk Foundation
Nonprofit Types
SchoolsK-12 schoolsCharities
Issues
Education
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 341886
Austin, TX 78734
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Phone
(737) 235-6956
IRS details
EIN
92-0742101
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B20: Elementary, Secondary Education
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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