Harry H And Faye I Newman Scholarship Tr
- Assets
- $916.3k
- Revenue
- $87.0k
- Investments
- $885.0k
- Employees
- 0
- Location
- Monroeville, PA
- Founding
- 07/2006
- Data as of
- 06/2024
- EIN
- 20-3426026
Organization Overview
Harry H And Faye I Newman Scholarship Tr is located in Monroeville, PA. The organization was established in 2006. 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. Harry H And Faye I Newman Scholarship Tr 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 06/2024, Harry H And Faye I Newman Scholarship Tr generated $87.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $65.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Harry H And Faye I Newman Scholarship Tr has awarded 103 individual grants totaling $470,136. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,095 |
| Capital Gain Net Income | $1,156 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,738 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,572 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $65,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,229 |
| 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 | $885,021 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $916,250 |
| Accounts payable and accrued expenses | $179 |
| 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 | $179 |
Grants Awarded
Over the last fiscal year, Harry H And Faye I Newman Scholarship Tr has awarded $50,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SHIPPENSBURG UNIVERSITY PURPOSE: EDUCATION | $13,475 |
INDIANA WESLEYAN UNIVERSITY PURPOSE: EDUCATION | $2,400 |
FROSTBURG STATE UNIVERSITY PURPOSE: EDUCATION | $12,450 |
LIBERTY UNIVERSITY PURPOSE: EDUCATION | $7,900 |
ST VINCENT COLLEGE PURPOSE: EDUCATION | $7,025 |
PENN WEST CLARION UNIVERSITY PURPOSE: EDUCATION | $6,750 |