Newco Foundation
- Assets
- $8.3m
- Revenue
- $3.4m
- Investments
- $8.1m
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-5427164
Organization Overview
Newco Foundation is located in Santa Rosa, CA. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newco 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, Newco Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 69.9% each year . All expenses for the organization totaled $320.3k during the year ending 12/2022. While expenses have increased by 14.0% per year over the past 5 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 2018, Newco Foundation has awarded 35 individual grants totaling $468,788. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BACK-OFFICE SUPPORT SERVICES FOR SCHOOL-BASED ENTERPRISES TO ENABLE AND STREAMLINE ON-CAMPUS BUSINESSES IN CAREER EDUCATION PROGRAMS FOR HIGH SCHOOL AND COLLEGE STUDENTS THAT WANT A CAREER IN SCIENCE OR MATH INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gross President | 28 | $0 | |
Dawn Gross Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,142,797 |
| Interest on Savings | $0 |
| Dividends & Interest | $164,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $67,500 |
| Other Income | $0 |
| Total Revenue | $3,375,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $123,276 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $118 |
| Printing and publications | $0 |
| Other expenses | $41,661 |
| Total operating and administrative expenses | $221,145 |
| Contributions, gifts, grants paid | $99,134 |
| Total expenses and disbursements | $320,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,387 |
| Savings and temporary cash investments | $49,770 |
| 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 | $8,105,528 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,644 |
| Total assets | $8,319,329 |
| 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 | $50,477 |
| Total liabilities | $50,477 |
Grants Awarded
Over the last fiscal year, Newco Foundation has awarded $99,134 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL BRAILLE ASSOCIATION PURPOSE: 2022 NBA PROFESSIONAL DEVELOPMENT CONFERENCE SPONSORSHIP. | $10,000 |
CALIFORNIA TRANSCRIBERS AND EDUCATORS FOR THE BLIND AND VISUALLY IMPAIRED PURPOSE: GRANT. | $10,000 |
NATIONAL BRAILLE PRESS INC PURPOSE: CHILDREN'S BRAILLE BOOK CLUB - YEAR 3 OF 5. | $30,000 |
RANCHO CAMPANA HIGH SCHOOL ASSOCIATED STUDENT BODY PURPOSE: MATERIALS FOR HIGH SCHOOL STUDENTS TO USE FOR FOUNDATIONAL PURPOSES. | $594 |
BOYS AND GIRLS CLUB OF CAMARILLO PURPOSE: MATERIALS FOR STUDENTS TO USE FOR FOUNDATIONAL PURPOSES. | $27,528 |
EYESHINE PURPOSE: GRANT. | $5,000 |