Quinton B And Beverly H Mcnew Foundation Inc
- Assets
- $1.3m
- Revenue
- $273.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 65-0568022
Organization Overview
Quinton B And Beverly H Mcnew Foundation Inc is located in Fort Myers, FL. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Quinton B And Beverly H Mcnew 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 12/2023, Quinton B And Beverly H Mcnew Foundation Inc generated $273.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $155.2k during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Quinton B And Beverly H Mcnew Foundation Inc has awarded 153 individual grants totaling $522,800. 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 |
|---|---|---|---|
Beverly H Mcnew Dir/secretary | 0 | $0 | |
Ronald E Inge Director | 0 | $0 | |
Doris Swor Director | 0 | $0 | |
John A Noland Director | 0 | $0 | |
Amanda Brock Director | 0 | $0 | |
Elizabeth A Mcnew Director/exec Dir | 40 | $59,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $3,670 |
| Dividends & Interest | $44,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,578 |
| Capital Gain Net Income | $49,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $273,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,269 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $73,712 |
| Contributions, gifts, grants paid | $81,500 |
| Total expenses and disbursements | $155,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,340 |
| 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 | $616 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,249,089 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,772 |
| Total assets | $1,312,817 |
| 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, Quinton B And Beverly H Mcnew Foundation Inc has awarded $81,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THRIVE PURPOSE: FINANCIAL SUPPORT TO BE USED FOR ORGANIZATION OBJECTIVES | $5,000 |
BROADWAY COMMUNITY CHURCH PURPOSE: FINANCIAL SUPPORT TO BE USED FOR ORGANIZATION OBJECTIVES | $2,500 |
BLESSINGS IN A BACKPACK PURPOSE: FINANCIAL SUPPORT TO BE USED FOR ORGANIZATION OBJECTIVES | $5,000 |
COMMUNITY COOPERATIVE MINISTRIES PURPOSE: FINANCIAL SUPPORT TO BE USED FOR ORGANIZATION OBJECTIVES | $10,000 |
CORNERSTONE MINISTRIES PURPOSE: FINANCIAL SUPPORT TO BE USED FOR ORGANIZATION OBJECTIVES | $8,000 |
INTERVARSITY PURPOSE: FINANCIAL SUPPORT TO BE USED FOR ORGANIZATION OBJECTIVES | $5,000 |