Newmans Own Foundation
- Assets
- $226.9m
- Revenue
- $19.7m
- Investments
- $196.2m
- Employees
- 0
- Location
- Westport, CT
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 06-1606588
Organization Overview
Newmans Own Foundation is located in Westport, CT. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newmans Own Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Newmans Own Foundation generated $19.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $17.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Newmans Own Foundation has awarded 1,280 individual grants totaling $45,978,249. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Nelson President / CEO | 40 | $501,331 | |
Christine Sanni Chief External Relat | 40 | $225,221 | |
Kelly Giordano Outgoing Managing Di | 40 | $175,217 | |
Faith Fennelly Director Of Philanth | 40 | $155,287 | |
Christine Breite Assistant Controller | 28 | $154,340 | |
Samantha Burgan Asst Secretary | 40 | $140,835 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flightpath Inc | 12/30/21 | $70,000 |
Steege Thomson Communications Inc | 12/30/21 | $169,201 |
Morgan Lewis & Bockius | 12/30/21 | $96,535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $85,473 |
| Dividends & Interest | $13,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,567,902 |
| Total Revenue | $19,666,525 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $778,398 |
| Other employee salaries and wages | $1,172,629 |
| Pension plans, employee benefits | $323,393 |
| Interest | $0 |
| Taxes | $367,327 |
| Depreciation | $46,644 |
| Occupancy | $215,873 |
| Travel, conferences, and meetings | $17,055 |
| Printing and publications | $0 |
| Other expenses | $564,674 |
| Total operating and administrative expenses | $4,040,850 |
| Contributions, gifts, grants paid | $13,597,500 |
| Total expenses and disbursements | $17,638,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,732 |
| Savings and temporary cash investments | $29,648,993 |
| Net Accounts receivable | $16,757 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $340,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,050 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $192,784,849 |
| Net Land, buildings, and equipment | $134,567 |
| Other assets | $0 |
| Total assets | $226,904,846 |
| Accounts payable and accrued expenses | $461,587 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,966 |
| Total liabilities | $488,553 |
Grants Awarded
Over the last fiscal year, Newmans Own Foundation has awarded $13,617,500 in support to 326 organizations.
| Grant Recipient | Amount |
|---|---|
SERIOUS FUN CHILDRENS NETWORK INC PURPOSE: OPERATIONAL SUPPORT - SFCN SUPPORT CENTER | $3,750,000 |
New York, NY PURPOSE: MOVEMENT-BUILDING AND CONTINUED EXPANSION | $1,000,000 |
New Haven, CT PURPOSE: FIRE RELIEF | $1,000,000 |
ROCKEFELLER PHILANTHROPY ADVISORS PURPOSE: DONOR ADVISED FUND | $700,000 |
New York, NY PURPOSE: GENERAL OPERATIONS | $435,000 |
Washington, DC PURPOSE: ADVANCING PROFOUND CHILD NUTRITION PROGRAM IMPROVEMENTS TO ADDRESS CHILDHOOD HUNGER | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newmans Own Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Rudolf Steiner College Fair Oaks, CA PURPOSE: Escuela Pupular, Women's Empowering, PSI | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |
Howard Gilman Foundation Inc New York, NY | $600,733,170 | $27,754,418 |