Samuel I Newhouse Foundation Inc
- Assets
- $205.5m
- Revenue
- $17.0m
- Investments
- $200.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1947
- Data as of
- 10/2023
- EIN
- 11-6006296
Organization Overview
Samuel I Newhouse Foundation Inc is located in New York, NY. The organization was established in 1947. 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. Samuel I Newhouse Foundation Inc 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 10/2023, Samuel I Newhouse Foundation Inc generated $17.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $19.3m during the year ending 10/2023. While expenses have increased by 1.3% per year over the past 3 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 2021, Samuel I Newhouse Foundation Inc has awarded 21 individual grants totaling $39,498,998. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Diamond Harrison 0 | 0 | $0 | |
Donald E Newhouse 0 | 0 | $0 | |
Michael A Newhouse 0 | 0 | $0 | |
Samuel I Newhouse III 0 | 0 | $0 | |
Steven O Newhouse 0 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $1,182,707 |
| Dividends & Interest | $2,134,183 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,226,681 |
| Capital Gain Net Income | $11,226,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,392,372 |
| Total Revenue | $16,985,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $259,515 |
| Taxes | $473,539 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,383,465 |
| Total operating and administrative expenses | $5,565,293 |
| Contributions, gifts, grants paid | $13,750,166 |
| Total expenses and disbursements | $19,315,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,041,094 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $510,677 |
| 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 | $205,473,434 |
| 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, Samuel I Newhouse Foundation Inc has awarded $13,750,166 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SCHEDULE ATTACHED PURPOSE: TO PROMOTE ITS TAX EXEMPT PURPOSE | $13,690,166 |
ALISON JANAE HAMILTON PURPOSE: TO AWARD ARTISTS WITH DISABILITIES | $10,000 |
MOVING PARTS FBO EMILY BARKER PURPOSE: TO AWARD ARTISTS WITH DISABILITIES | $10,000 |
JENNI-JUULIA WALLINGHEIMO PURPOSE: TO AWARD ARTISTS WITH DISABILITIES | $10,000 |
FRANCISCO ECHO ERASO PURPOSE: TO AWARD ARTISTS WITH DISABILITIES | $10,000 |
MEGAN BENT PURPOSE: TO AWARD ARTISTS WITH DISABILITIES | $10,000 |