Darold A Newblom Foundation
- Assets
- $141.8k
- Revenue
- $5.0k
- Investments
- $132.7k
- Employees
- 0
- Location
- Alliance, NE
- Founding
- 09/1990
- Data as of
- 12/2023
- EIN
- 36-3696589
Organization Overview
Darold A Newblom Foundation is located in Alliance, NE. The organization was established in 1990. 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. Darold A Newblom 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 12/2023, Darold A Newblom Foundation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $17.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST IN & FUND EQUIPMENT OR PROVIDE FOR THE MAINTENANCE OF INSTITUTIONS OR ASSOCIATIONS FOR THE ADVANCEMENT OF LEARNING ART APPRECIATION, ELDER CARE IN THIS COUNTRY -SEE SCHEDULE IN PART XV(2 ORGANIZATIONS SERVED)
TO PROVIDE SCHOLARSHIPS FOR DESERVING YOUNG MEN AND WOMEN OF WHATEVER ORIGIN & TO ASSIST THEM IN ATTENDING ANY EDUCATIONAL INSTITUTION IN THIS COUNTRY OR ABROAD. NO INDIVIDUAL GREATER THAN $500 IN 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wally Seiler Treas/sec | 4 | $2,000 | |
Morgan Wills President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $2,012 |
| Net ST Capital Gain | $79 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,752 |
| Total Revenue | $4,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143 |
| Total operating and administrative expenses | $8,302 |
| Contributions, gifts, grants paid | $8,900 |
| Total expenses and disbursements | $17,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,089 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $141,825 |
| 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, Darold A Newblom Foundation has awarded $8,900 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
POST PLAYHOUSE PURPOSE: CHARITABLE | $3,150 |
CHLOE BLUMANTHAL PURPOSE: EDUCATIONIAL | $500 |
RYLIE WRIGHT PURPOSE: EDUCATIONAL | $500 |
TY BRADY PURPOSE: EDUCATIONAL | $500 |
MARALEE RISCHLING PURPOSE: EDUCATIONAL | $500 |
TAREN HUNTER PURPOSE: EDUCATIONAL | $500 |