Newman Family Foundation
- Assets
- $1.7m
- Revenue
- $39.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 11/1992
- Data as of
- 12/2022
- EIN
- 38-2986180
Organization Overview
Newman Family Foundation is located in Troy, MI. The organization was established in 1992. 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. Newman Family 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 12/2022, Newman Family Foundation generated $39.9k 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 (7.0%) each year. All expenses for the organization totaled $105.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newman Family Foundation has awarded 168 individual grants totaling $694,144. 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 |
|---|---|---|---|
Steven E Newman President | 0 | $0 | |
Steven E Newman Secretary | 0 | $0 | |
Craig S Skulsky Vice - Pres | 0 | $0 | |
Craig S Skulsky Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,910 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84 |
| Total operating and administrative expenses | $2,584 |
| Contributions, gifts, grants paid | $103,200 |
| Total expenses and disbursements | $105,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $550,279 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $250 |
| 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 | $860,278 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,742,537 |
| Accounts payable and accrued expenses | $2,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,800 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,800 |
Grants Awarded
Over the last fiscal year, Newman Family Foundation has awarded $103,200 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANN ARBOR COMMUNITY FOUNDATION PURPOSE: GENERAL | $500 |
CONGREGATION SUKKAT SHALOM PURPOSE: GENERAL | $2,500 |
BEAUMONT CANCER CENTER ASSOCIATES PURPOSE: GENERAL | $2,500 |
CRANBROOK SCHOOLS PURPOSE: GENERAL | $1,000 |
CONNECTIONS FOR THE HOMELESS PURPOSE: GENERAL | $5,000 |
GEORGE MASON UNIVERSITY FOUNDATION PURPOSE: GENERAL | $10,000 |