Newell Brands Community Fund Inc
- Assets
- $548.7k
- Revenue
- $367.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 06/2005
- Data as of
- 12/2020
- EIN
- 54-2152547
Organization Overview
Newell Brands Community Fund Inc is located in Boca Raton, FL. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Newell Brands Community Fund 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 12/2020, Newell Brands Community Fund Inc generated $367.9k 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 (10.0%) each year. All expenses for the organization totaled $367.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Newell Brands Community Fund Inc has awarded 35 individual grants totaling $367,000. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NEWELL BRANDS COMMUNITY FUND IS THE COMPANY'S EMPLOYEES-FUNDED CHARITABLE ORGANIZATION. IT PROVIDES MONETARY GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS IN THE COMMUNITIES WHERE NEWELL BRANDS EMPLOYEES LIVE, WORK & CARE FOR THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CAMPAIGNS WERE HELD AT THE OFFICES OF NEWELL BRANDS, INC. IN CALIFORNIA, FLORIDA, TENNESSEE, MISSOURI, MISSISSIPPI AND NEW YORK. TOTAL CONTRIBUTIONS AND PLEDGES FOR 2019 TOTALED $367,862 WHICH INCLUDED A 100% MATCHING CONTRIBUTION OF $183,931 FROM NEWELL BRANDS, INC. FUNDS WERE DISTRIBUTED TO APPROVED GRANT APPLICANTS WHICH INCLUDED 50 AGENCIES ACROSS MORE THAN 10 COUNTIES IN CALIFORNIA, FLORIDA, MISSISSIPPI, MISSOURI, AND TENNESSEE. THE EMPLOYEE FUND COMMITTEES, LOCATED IN THE OFFICES OF NEWELL BRANDS, INC. WERE RESPONSIBLE FOR DETERMINING WHO WOULD RECEIVE FUNDING. DURING 2020, THE EMPLOYEE FUND COMMITTEES FOCUSED ITS EFFORTS ON LOCAL COMMUNITY DEVELOPMENT PROGRAMS AIMED AT AIDING AT-RISK YOUTH, WOMEN AND CHILDREN, LOW-INCOME FAMILIES AND LOCAL FOOD PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hammer Division CEO - A&c | OfficerTrustee | 1 | $0 |
Brian Decker Chief Division Counsel | OfficerTrustee | 1 | $0 |
Robert Westreich SVP Treasurer & Chief Tax Officer | Officer | 1 | $0 |
Alan Mickelson Director Tax | Officer | 1 | $0 |
Raj Dave Chief Securities Counsel | Officer | 1 | $0 |
Christopher Shultz VP & Assistant Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $183,931 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,862 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $367,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $367,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $29,167 |
| Accounts receivable, net | $575 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $548,674 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $222,500 |
| 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 | $222,500 |
| Net assets without donor restrictions | $326,174 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $548,674 |
Grants Awarded
Over the last fiscal year, Newell Brands Community Fund Inc has awarded $367,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Lauderdale, FL PURPOSE: FOOD | $40,000 |
Upland, CA PURPOSE: FOOD | $20,000 |
Hattiesburg, MS PURPOSE: FOOD | $20,000 |
San Bernardino, CA PURPOSE: FAMILY | $15,000 |
Delray Beach, FL PURPOSE: FAMILY | $15,000 |
Joplin, MO PURPOSE: FAMILY | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newell Brands Community Fund Inc has recieved totaling $270,000.
| Awarding Organization | Amount |
|---|---|
Newell Brands Charitable Foundation Atlanta, GA PURPOSE: GENERAL GRANT | $270,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |