Newton Family Foundation Inc
- Assets
- $813.0k
- Revenue
- $2.5k
- Investments
- $739.3k
- Employees
- 0
- Location
- Cumby, TX
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4234857
Organization Overview
Newton Family Foundation Inc is located in Cumby, TX. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Newton Family 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 12/2021, Newton Family Foundation Inc generated $2.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.8%) each year. All expenses for the organization totaled $136.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Newton Family Foundation Inc has awarded 53 individual grants totaling $510,918. 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 |
|---|---|---|---|
William D Newton Manager | 2 | $0 | |
Yleana Newton Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,922 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,415 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,507 |
| 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 | $1,666 |
| Total operating and administrative expenses | $13,565 |
| Contributions, gifts, grants paid | $123,190 |
| Total expenses and disbursements | $136,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,682 |
| 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 | $812,994 |
| 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, Newton Family Foundation Inc has awarded $123,190 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HATIKYA PROJECT PURPOSE: GENERAL FUND | $25,500 |
SPRINGS OF HOPE FOUNDATION PURPOSE: GENERAL FUND | $23,600 |
Chattanooga, TN PURPOSE: GENERAL FUND | $15,700 |
New York, NY PURPOSE: GENERAL FUND | $12,000 |
LAMPLIGHTER MINISTRIES PURPOSE: GENERAL FUND | $9,600 |
TRANSFORMATION MINISTRIES CENTER PURPOSE: GENERAL FUND | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saudi Aramco Ret Welfare Ben Tr Houston, TX | $29,146 | $26,385,582 |
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |