Michael Newburger Foundation
- Assets
- $787.2k
- Revenue
- $15.8k
- Investments
- $771.0k
- Employees
- 0
- Location
- Parkville, MO
- Founding
- 07/1979
- Data as of
- 12/2020
- EIN
- 43-1173378
Michael Newburger Foundation 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.
For the year ending 12/2020, Michael Newburger Foundation generated $15.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $43.0k during the year ending 12/2020. While expenses have increased by 5.7% per year over the past 3 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $273 |
| Dividends & Interest | $19,831 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,876 |
| Capital Gain Net Income | $39 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,538 |
| Total Revenue | $15,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,417 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,621 |
| Total operating and administrative expenses | $10,038 |
| Contributions, gifts, grants paid | $32,997 |
| Total expenses and disbursements | $43,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,186 |
| 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 | $172,443 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $787,227 |
| 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 |
Michael Newburger Foundation Grants Awarded
Over the last fiscal year, Michael Newburger Foundation has awarded $32,997 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UMKC PURPOSE: FUND HIGHER EDUCATION | $11,910 |
Canton, MO PURPOSE: FUND EDUCATIONAL ORGANIZATION | $5,200 |
METRO COMM COLLEGE PURPOSE: FUND HIGHER EDUCATION | $5,152 |
Kansas City, MO PURPOSE: PUBLIC CHARITY | $4,460 |
PARK HILL EDUCATION FOUNDATION PURPOSE: FUND EDUCATIONAL ORGANIZATION | $2,500 |
BELL ROAD BARN PLAYERS PURPOSE: FUND THE PERFORMING ARTS | $1,600 |
Michael Newburger Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alvin Goldfarb Foundation Saint Louis, MO | $115,758,491 | $3,460,834 |
Foglia Family Foundation Chicago, IL | $38,720,088 | $3,336,694 |
Principal Financial Group Foundation Inc Des Moines, IA | $206,302,952 | $13,239,808 |
Youth Improved Incorporated Rosemont, IL | $9,642,639 | $7,589,623 |
Harper Family Foundation Omaha, NE | $173,579,692 | $7,502,762 |
Carl & Marilynn Thoma Foundation Chicago, IL | $264,276,208 | $89,595,943 |
Trott Family Foundation Chicago, IL | $20,309,425 | $2,112,579 |
Jackson Kemper Foundation Hawthorn Woods, IL | $87,312,699 | $2,650,132 |
Mysun Charitable Foundation Clayton, MO | $64,484,598 | $1,591,438 |
Zoma Foundation Bentonville, AR | $231,884,969 | $7,034,685 |
Crawford Taylor Foundation St Louis, MO | $702,142,062 | $44,147,250 |
Frank E & Seba B Payne Foundation 31-55459-5 Chicago, IL | $0 | $8,102,342 |
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