The William And Anita Newman Foundation
- Assets
- $55.9m
- Revenue
- $2.9m
- Investments
- $55.0m
- Employees
- 0
- Location
- Centerport, NY
- Founding
- 02/1987
- Data as of
- 09/2023
- EIN
- 13-3352983
Organization Overview
The William And Anita Newman Foundation is located in Centerport, NY. The organization was established in 1987. 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. William And Anita Newman 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 09/2023, William And Anita Newman Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $3.2m during the year ending 09/2023. While expenses have increased by 20.6% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Bernstein President | 40 | $200,000 | |
Melvin D Newman Vice President | 1 | $0 | |
Bruce A Rosen Sec/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $1,436,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,016,523 |
| Capital Gain Net Income | $1,016,523 |
| Net ST Capital Gain | $247,080 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $412,023 |
| Total Revenue | $2,865,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $39,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $118,682 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $279,957 |
| Total operating and administrative expenses | $677,639 |
| Contributions, gifts, grants paid | $2,500,100 |
| Total expenses and disbursements | $3,177,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,795 |
| Savings and temporary cash investments | $320,559 |
| 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 | $5,509,355 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,858,143 |
| 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 | $439 |
| Total liabilities | $439 |
Grants Awarded
Over the last fiscal year, The William And Anita Newman Foundation has awarded $953,195 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UJA FEDERATION OF NEW YORK PURPOSE: PROMOTE THE WELFARE OF JEWS | $700,000 |
BICOL CLINIC FOUNDATION INC PURPOSE: PROMOTE THE WELFARE OF THE COMMUNITY | $2,000 |
JEWISH FEDERATION OF SO PALM BEACH PURPOSE: PROMOTE THE WELFARE OF JEWS | $215,200 |
BRRH FOUNDATION INC PURPOSE: PROMOTE THE WELFARE OF THE COMMUNITY | $2,000 |
BETH DAVID REFORM SYNAGOGUE PURPOSE: PROMOTE THE WELFARE OF JEWS | $2,000 |
VARIOUS PURPOSE: PROMOTE THE WELFARE OF THE COMMUNITY | $11,995 |