Leon S Newton Foundation
- Assets
- $18.5k
- Revenue
- $1.6k
- Investments
- $17.6k
- Employees
- 0
- Location
- Oak Bluffs, MA
- Founding
- 03/1955
- Data as of
- 11/2023
- EIN
- 04-6050966
Organization Overview
Leon S Newton Foundation is located in Oak Bluffs, MA. The organization was established in 1955. 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. Leon S 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 11/2023, Leon S Newton Foundation generated $1.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet F Weinberg Trustee | 0 | $0 | |
Alex F Newton Trustee | 5 | $0 | |
Alice Constance Newton Head Of Distribution Commi | 0 | $0 | |
Elaine J Newton Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $679 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,735 |
| Total operating and administrative expenses | $1,770 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $969 |
| 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 | $18,527 |
| 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, Leon S Newton Foundation has awarded $3,650 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: DONATION | $500 |
TEMPLE ISRAEL PURPOSE: DONATION | $500 |
TRUSTEES OF BOSTON UNIVERISTY PURPOSE: DONATION | $1,000 |
GUINEY EDU FUND PURPOSE: DONATION | $500 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: DONATION | $500 |
CONRAD WHITE SCHOLARSHIP FUND PURPOSE: DONATION | $150 |