Max And Gertrude Newman-Charles And Phyllis Newman Foundation
- Assets
- $2.9m
- Revenue
- $82.2k
- Investments
- $2.8m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 41-1857341
Organization Overview
Max And Gertrude Newman-Charles And Phyllis Newman Foundation is located in Scottsdale, AZ. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Max And Gertrude Newman-Charles And Phyllis 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 12/2023, Max And Gertrude Newman-Charles And Phyllis Newman Foundation generated $82.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $176.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Max And Gertrude Newman-Charles And Phyllis Newman Foundation has awarded 32 individual grants totaling $1,203,827. 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
ADATH JESHERUN FDN
AZ HUMANE SOCIETY
CLL SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles J Newman President | 10 | $0 | |
Phyllis J Newman Officer | 2 | $0 | |
Bernard Goldblatt Director | 0.5 | $0 | |
Lauren Epshteyn Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,529 |
| Capital Gain Net Income | $5,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,618 |
| Total Revenue | $82,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $33,311 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,186 |
| Total operating and administrative expenses | $47,015 |
| Contributions, gifts, grants paid | $129,173 |
| Total expenses and disbursements | $176,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,190 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,883,762 |
| 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 | $438,000 |
| Total liabilities | $438,000 |
Grants Awarded
Over the last fiscal year, Max And Gertrude Newman-Charles And Phyllis Newman Foundation has awarded $129,173 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $10,000 |
CLL SOCIETY PURPOSE: CANCER RESEARCH | $5,052 |
ADATH JESHURUN FOUNDATION PURPOSE: GENERAL PURPOSE | $114,121 |