Milton And Ida Newman Foundation
- Assets
- $4.9m
- Revenue
- $264.7k
- Investments
- $4.8m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/2011
- Data as of
- 10/2023
- EIN
- 30-0514419
Organization Overview
Milton And Ida Newman Foundation is located in Philadelphia, PA. The organization was established in 2011. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., 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. Milton And Ida Newman 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 10/2023, Milton And Ida Newman Foundation generated $264.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $2.0m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Milton And Ida Newman Foundation has awarded 26 individual grants totaling $2,615,536. 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 |
|---|---|---|---|
Bernard Newman Member | 1 | $0 | |
Judith Newman Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,464 |
| Dividends & Interest | $181,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,064 |
| Capital Gain Net Income | $51,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $264,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,466 |
| Total operating and administrative expenses | $31,225 |
| Contributions, gifts, grants paid | $2,002,536 |
| Total expenses and disbursements | $2,033,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,084 |
| 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 | $4,805,653 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,941,737 |
| 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, Milton And Ida Newman Foundation has awarded $2,002,536 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LUBAVITCH OF BUCKS COUNTY PURPOSE: COMMUNITY | $470,000 |
THE CHOP FOUNDATION PURPOSE: COMMUNITY | $750,000 |
JEWISH RELIEF AGENCY PURPOSE: COMMUNITY | $25,000 |
THE CHOP FOUNDATION PURPOSE: COMMUNITY | $757,536 |