New Bremen Foundation Inc
- Assets
- $19.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New Bremen, OH
- Founding
- 09/1996
- Data as of
- 11/2023
- EIN
- 34-1837854
Organization Overview
New Bremen Foundation Inc is located in New Bremen, OH. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community 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. New Bremen Foundation 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 11/2023, New Bremen Foundation Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $688.2k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New Bremen Foundation Inc has awarded 96 individual grants totaling $6,233,143. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL, AND RELIGIOUS PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW BREMEN FOUNDATION PROVIDES FUNDS TO SUPPORT SCIENTIFIC, LITERARY, EDUCATIONAL, RELIGIOUS, AND GOVERNMENTAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Dicke II Trustee | Trustee | 2 | $0 |
Jason This Trustee/president | OfficerTrustee | 2 | $0 |
James F Dicke III Trustee | Trustee | 2 | $0 |
Bill Wente Trustee/treasurer | OfficerTrustee | 2 | $0 |
Ruth Ann Schwieterman Trustee | Trustee | 2 | $0 |
Linda Kuenning Trustee/secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $849,839 |
| Noncash contributions included in lines 1a–1f | $70,248 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $849,839 |
| Total Program Service Revenue | $0 |
| Investment income | $490,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,800 |
| Net Gain/Loss on Asset Sales | $11,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,368,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $417,824 |
| Grants and other assistance to domestic individuals. | $132,724 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,656 |
| All other expenses | $0 |
| Total functional expenses | $688,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $666,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,379,816 |
| Investments—publicly traded securities | $17,252,776 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,298,827 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,298,827 |
| Total liabilities and net assets/fund balances | $19,298,827 |
Grants Awarded
Over the last fiscal year, New Bremen Foundation Inc has awarded $356,566 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
LMC SERVICES INC PURPOSE: INVOICE #2357, GYM RENOVATION PROJECT | $98,548 |
AUGLAIZE MERCER YMCA PURPOSE: THREE FAMILY MEMBERSHIP SPONSOR, BUILDING CAMPAIGN | $43,833 |
NEW BREMEN LOCAL SCHOOLS PURPOSE: 2023-24 PROJECTS, UNPAID SCHOOL FEES, NO SHAME LUNCH FUND | $71,286 |
NEW KNOXVILLE COMMUNITY PARK ASSOCIATION PURPOSE: INDEPENDENCE 2023 CELEBRATION, SPLASH PAD BENCHES | $27,750 |
FIRST NATIONAL BANK PURPOSE: NK BARN 2.0 LOAN #22492, GYM PROJECT | $33,899 |
HOMAN & STUCKE CONSTRUCTION INC PURPOSE: INVOICE 1447, SCHWIETERMAN PHARMACY PARKING LOT | $15,305 |