Kenneth & Bernice Newberger Family Fund
- Assets
- $163.1k
- Revenue
- $42.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellwood, IL
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 36-6052103
Organization Overview
Kenneth & Bernice Newberger Family Fund is located in Bellwood, IL. The organization was established in 1960. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kenneth & Bernice Newberger Family Fund 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 12/2023, Kenneth & Bernice Newberger Family Fund generated $42.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kenneth & Bernice Newberger Family Fund has awarded 29 individual grants totaling $198,053. 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
CHARITABLE CONTRIBUTING TO EDUCATIONAL, RELIGIOUS AND CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Brown Officer | 0 | $0 | |
Susan Newberger Officer | 0 | $0 | |
Anne Arndt Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,959 |
| Interest on Savings | $6,593 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$712 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74 |
| Total operating and administrative expenses | $691 |
| Contributions, gifts, grants paid | $56,528 |
| Total expenses and disbursements | $57,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,507 |
| Savings and temporary cash investments | $128,593 |
| 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 | $163,100 |
| 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, Kenneth & Bernice Newberger Family Fund has awarded $56,528 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
RAVINIA PURPOSE: CHARITABLE | $5,000 |
NORTH SHORE CONGREGATION PURPOSE: CHARITABLE | $3,528 |
OLIVERIAN SCHOOL PURPOSE: CHARITABLE | $5,000 |
BUXTON SCHOOL PURPOSE: CHARITABLE | $30,000 |
UNIV OF CHICAGO CROWN FAMILY SCHOOL PURPOSE: CHARITABLE | $5,000 |
ART INSTITUTE OF CHICAGO PURPOSE: CHARITABLE | $2,500 |