Michael Newburger Foundation
- Assets
- $855.6k
- Revenue
- $17.3k
- Investments
- $753.4k
- Employees
- 0
- Location
- Parkville, MO
- Founding
- 07/1979
- Data as of
- 12/2021
- EIN
- 43-1173378
Organization Overview
Michael Newburger Foundation is located in Parkville, MO. The organization was established in 1979. 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. Michael Newburger 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 12/2021, Michael Newburger Foundation generated $17.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $52.3k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 4 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.
Since 2019, Michael Newburger Foundation has awarded 87 individual grants totaling $133,110. 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 | $811 |
| Interest on Savings | $59 |
| Dividends & Interest | $15,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $703 |
| Capital Gain Net Income | $1,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $471 |
| Total Revenue | $17,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $599 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,548 |
| Total operating and administrative expenses | $11,147 |
| Contributions, gifts, grants paid | $41,121 |
| Total expenses and disbursements | $52,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,205 |
| 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 | $39,478 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $855,639 |
| 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, Michael Newburger Foundation has awarded $41,121 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Lawrence, KS PURPOSE: EDUCATION FUND | $14,490 |
UMKC PURPOSE: FUND HIGHER EDUCATION | $6,773 |
Kansas City, MO PURPOSE: PUBLIC CHARITY | $3,643 |
BELL ROAD BARN PLAYERS PURPOSE: FUND THE PERFORMING ARTS | $3,000 |
Parkville, MO PURPOSE: COMMUNITY DEVELOPMENT | $2,500 |
SYMPHONY IN THE FLINT HILLS PURPOSE: FUND CONSERVATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Day Foundation Memphis, TN | $0 | $13,711,953 |