Jerome A And Estelle R Newman Assistance Fund Inc
- Assets
- $9.1m
- Revenue
- $639.1k
- Investments
- $8.5m
- Employees
- 0
- Location
- Carle Place, NY
- Founding
- 09/1955
- Data as of
- 06/2024
- EIN
- 13-6096241
Organization Overview
Jerome A And Estelle R Newman Assistance Fund Inc is located in Carle Place, NY. The organization was established in 1955. 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. Jerome A And Estelle R Newman Assistance Fund Inc 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 06/2024, Jerome A And Estelle R Newman Assistance Fund Inc generated $639.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $718.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jerome A And Estelle R Newman Assistance Fund Inc has awarded 64 individual grants totaling $2,409,000. 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 |
|---|---|---|---|
William C Newman Director/president | 1 | $0 | |
Andrew H Levy Director | 1 | $0 | |
Michael Greenberg Director/treasurer/secretary | 1 | $0 | |
Victoria Woolner Samuels Director/vice-President | 1 | $0 | |
Catherine N Woolner Director | 1 | $0 | |
Leah A Newman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $213,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $425,542 |
| Capital Gain Net Income | $425,542 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $639,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,161 |
| Total operating and administrative expenses | $110,147 |
| Contributions, gifts, grants paid | $608,000 |
| Total expenses and disbursements | $718,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,484 |
| Savings and temporary cash investments | $531,951 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,092,451 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jerome A And Estelle R Newman Assistance Fund Inc has awarded $608,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF RABIN MEDICAL CENTER PURPOSE: GENERAL | $3,500 |
BENNINGTON COLLEGE PURPOSE: GENERAL | $50,000 |
CHANGING WORLDS PURPOSE: GENERAL | $25,000 |
CHICAGO SINAI CONGREGATION PURPOSE: GENERAL | $9,000 |
COMMUNITY FOUNDATION OF WESTERN MASSACHUSETTS PURPOSE: GENERAL | $243,500 |
ISLAND HEALTH PROJECT PURPOSE: GENERAL | $3,500 |