William Allan Newton Ii Foundation Inc
- Assets
- $490.4k
- Revenue
- $177.4k
- Investments
- $313.3k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 30-0789306
Organization Overview
William Allan Newton Ii Foundation Inc is located in Charlotte, NC. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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 Allan Newton Ii 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 12/2021, William Allan Newton Ii Foundation Inc generated $177.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 66.5% each year . All expenses for the organization totaled $20.2k during the year ending 12/2021. While expenses have increased by 34.7% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION TO FIVE PUBLIC CHARITIES SERVING CHILDREN
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Newton Pres/treas/d | 0 | $0 | |
Stephen A Jolly Dir | 0 | $0 | |
Aaron C Towns Dir | 0 | $0 | |
Tayler P Newton Sec/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,516 |
| Interest on Savings | $4 |
| Dividends & Interest | $7,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,685 |
| Capital Gain Net Income | $590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $150 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,946 |
| Savings and temporary cash investments | $84,175 |
| 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 | $490,434 |
| 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, William Allan Newton Ii Foundation Inc has awarded $20,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Oxford, NC PURPOSE: RESIDENTIAL CARE FOR CHILDREN | $4,000 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: MEDICAL CARE FOR CHILDREN | $4,000 |
Centerville, OH PURPOSE: OPERATES HOMES FOR ORPHANS & ABUSED | $4,000 |
TOYS FOR TOTS PURPOSE: TOYS FOR UNDERPRIVILEGED CHILDREN | $4,000 |
THE MASONIC HOME FOR CHILDREN PURPOSE: OPERATES HOMES FOR ORPHANS & ABUSED | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Speedway Childrens Charities Concord, NC | $415,792 | $1,752,353 |
Carlson Family Foundation Inc Chapel Hill, NC | $18,562,081 | $1,116,272 |