Milton And Ida Newman Foundation
- Assets
- $6.3m
- Revenue
- $206.6k
- Investments
- $5.0m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/2011
- Data as of
- 10/2022
- EIN
- 30-0514419
Organization Overview
Milton And Ida Newman Foundation is located in Philadelphia, PA. The organization was established in 2011. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milton And Ida 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 10/2022, Milton And Ida Newman Foundation generated $206.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $236.0k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Milton And Ida Newman Foundation has awarded 34 individual grants totaling $962,000. 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 |
|---|---|---|---|
Bernard Newman Member | 1 | $0 | |
Judith Newman Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,671 |
| Dividends & Interest | $160,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,625 |
| Capital Gain Net Income | $33,625 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $206,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,090 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,997 |
| Total operating and administrative expenses | $33,450 |
| Contributions, gifts, grants paid | $202,500 |
| Total expenses and disbursements | $235,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,246,496 |
| Savings and temporary cash investments | $0 |
| 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 | $5,006,779 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,253,275 |
| 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, Milton And Ida Newman Foundation has awarded $202,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE FUND FOR PENN MEDICINE PURPOSE: COMMUNITY | $175,000 |
MOMENTUM PURPOSE: COMMUNITY | $12,000 |
IMPACT ISRAEL PURPOSE: COMMUNITY | $10,000 |
HELPUSADOPTORG PURPOSE: COMMUNITY | $3,000 |
WOMEN OF VISION PURPOSE: COMMUNITY | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chi Living Communities Oregon, OH | $133,109,899 | $66,919,384 |
Presbyterian Senior Living Dillsburg, PA | $80,163,418 | $25,279,216 |
On Your Mark Inc Staten Island, NY | $13,500,002 | $23,281,200 |
The Methodist Retirement Center Of Central Ohio Columbus, OH | $98,341,831 | $19,081,791 |
Warren County Community Services Inc Lebanon, OH | $10,192,228 | $12,854,727 |
Charity Navigator Saddle Brook, NJ | $11,779,343 | $14,269,364 |
Lake-Geauga Recovery Centers Inc Mentor, OH | $8,539,089 | $6,593,058 |
Landis Communities Lititz, PA | $2,732,817 | $5,852,358 |
Nysarc - North Country Management Services Corporation Plattsburgh, NY | $2,039,526 | $5,594,006 |
Resources For Children With Special Needs Inc New York, NY | $3,831,747 | $5,410,220 |
Life Enriching Communities Foundation Loveland, OH | $136,081,820 | $9,230,521 |
Bhp Services Philadelphia, PA | $4,760,730 | $6,563,621 |