Newman Benson Foundation
- Assets
- $0.0
- Revenue
- $207.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Towanda, PA
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 16-1387370
Organization Overview
Newman Benson Foundation is located in Towanda, PA. The organization was established in 1991. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newman Benson 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, Newman Benson Foundation generated $207.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $615.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Newman Benson Foundation has awarded 133 individual grants totaling $779,583. 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 |
|---|---|---|---|
Patricia Benson President | 1 | $0 | |
Robert Salpino Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $189,402 |
| Capital Gain Net Income | $189,402 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $447 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,615 |
| Contributions, gifts, grants paid | $611,282 |
| Total expenses and disbursements | $615,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Newman Benson Foundation has awarded $611,282 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
WYSOX VOLUNTEER EMS PURPOSE: DONATION | $1,000 |
WYSOX PRESBYTERIAN CHURCH PURPOSE: DONATION | $1,788 |
BRADFORD COUNTY HUMANE SOCIETY PURPOSE: DONATION | $2,000 |
CHRIST EPISCOPAL CHURCH PURPOSE: DONATION | $5,000 |
WEST WARREN CONGREGATIONAL CHURCH PURPOSE: DONATION | $10,000 |
TOWANDA CHRISTIAN OUTREACH FOOD PANTRY PURPOSE: DONATION | $5,000 |