Ray & Nylene Newkirk Family Foundation
- Assets
- $10.4m
- Revenue
- $539.6k
- Investments
- $10.3m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- Data as of
- 12/2022
- EIN
- 85-3763691
Organization Overview
Ray & Nylene Newkirk Family Foundation is located in Wayzata, MN. 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. Ray & Nylene Newkirk 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, Ray & Nylene Newkirk Family Foundation generated $539.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (61.7%) each year.
Since 2021, Ray & Nylene Newkirk Family Foundation has awarded 59 individual grants totaling $663,712. 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 |
|---|---|---|---|
Raymond Newkirk President | 1 | $0 | |
Nylene Newkirk Vice President | 1 | $0 | |
Troy Newkirk Treasurer | 1 | $0 | |
Lou Newkirk-Ledo Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $289,342 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,370 |
| Capital Gain Net Income | $88,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $539,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $585 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $75,239 |
| Contributions, gifts, grants paid | $588,387 |
| Total expenses and disbursements | $663,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,799 |
| 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 | $1,894,886 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,391,763 |
| 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, Ray & Nylene Newkirk Family Foundation has awarded $588,387 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: GENERAL FUND | $1,000 |
AMERICAN KIDNEY FUND PURPOSE: GENERAL FUND | $1,000 |
ALZHEIMERS DISEASE RESEARCH FOUNDATION PURPOSE: GENERAL FUND | $35,000 |
BAME FOUNDATION PURPOSE: GENERAL FUND | $4,333 |
ARTHRITIS FOUNDATION PURPOSE: GENERAL FUND | $500 |
BOWLS FOR BRAIN POWER PURPOSE: GENERAL FUND | $100 |