Lm Newman Family Foundation
- Assets
- $4.7m
- Revenue
- $173.5k
- Investments
- $4.1m
- Employees
- 0
- Location
- Incline Village, NV
- Founding
- 06/1995
- Data as of
- 11/2023
- EIN
- 94-3215798
Organization Overview
Lm Newman Family Foundation is located in Incline Village, NV. The organization was established in 1995. 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. Lm Newman 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 11/2023, Lm Newman Family Foundation generated $173.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $324.7k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lm Newman Family Foundation has awarded 142 individual grants totaling $1,476,342. 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 |
|---|---|---|---|
L Mark Newman Fdn Manager | 0.5 | $0 | |
Linda Newman Director | 0.5 | $0 | |
Denise Newman Director | 0.5 | $0 | |
Paul Newman Director | 0.5 | $0 | |
Darryl Newman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $275,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$101,962 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,579 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $506 |
| Total operating and administrative expenses | $37,810 |
| Contributions, gifts, grants paid | $286,922 |
| Total expenses and disbursements | $324,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $617,888 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,681,405 |
| 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 | $1,975 |
| Total liabilities | $1,975 |
Grants Awarded
Over the last fiscal year, Lm Newman Family Foundation has awarded $286,922 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MAGEN DAVID PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $3,600 |
AMERICAN ISRAEL EDUCATION FOUNDATION INC PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $21,000 |
CONGREGATION SUKKAT SHALOM PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $1,894 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $3,600 |
HEALTHCARE FOR ISRAEL PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $2,700 |
KNPB PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $12,000 |