Newton Foundation
- Assets
- $12.1m
- Revenue
- $1.1m
- Investments
- $633.3k
- Employees
- 1
- Location
- Jackson, WY
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 91-6470560
Organization Overview
Newton Foundation is located in Jackson, WY. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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 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 12/2023, Newton Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newton Foundation has awarded 142 individual grants totaling $13,828,477. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE IN THE ROCKY MOUNTAIN REGION, NATIONALLY AND INTERNATIONALLY.
Describe the Organization's Program Activity:
CONTRIBUTIONS MADE TO SUPPORTED ORGANIZATIONS AND ADMINISTRATION OF GRANT REQUESTS WITHIN THE JACKSON COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Newton Trustee | Trustee | 5 | $0 |
William 'cory' Newton Jr Trustee | Trustee | 1 | $0 |
Elizabeth H Hall Trustee | Trustee | 0.5 | $0 |
Jim Lewis Trustee | Trustee | 0.5 | $0 |
Clay Geittmann Trustee | Trustee | 0.5 | $0 |
E Belmont Herring Prior Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $69,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,028,892 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,117,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,590,000 |
| 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. | $92,625 |
| Compensation of current officers, directors, key employees. | $46,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585 |
| Fees for services: Accounting | $14,062 |
| 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 | $1,023 |
| 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 | $27,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,210 |
| All other expenses | $250 |
| Total functional expenses | $1,736,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,461,874 |
| Investments—other securities | $633,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,103,636 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $922,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $922,273 |
| Net assets without donor restrictions | $0 |
| 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 | $11,181,363 |
| Total liabilities and net assets/fund balances | $12,103,636 |
Grants Awarded
Over the last fiscal year, Newton Foundation has awarded $1,585,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: OLD BILL'S FUN RUN | $1,250,000 |
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: MISCELLANEOUS SUPPORT | $92,980 |
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: CENTRAL WYOMING COMMUNITY COLLEGE | $50,500 |
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: COMMUNITY FOUNDATION OF TETON VALLEY | $35,000 |
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: BECOMING JACKSON WHOLE | $30,000 |
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: DIRECT SUPPORT | $29,170 |