Michael Newburger Foundation
- Assets
- $620.5k
- Revenue
- $96.8k
- Investments
- $576.1k
- Employees
- 0
- Location
- Parkville, MO
- Founding
- 07/1979
- Data as of
- 12/2023
- 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 12/2023, Michael Newburger Foundation generated $96.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $82.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Michael Newburger Foundation has awarded 103 individual grants totaling $271,804. 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 | $0 |
| Interest on Savings | $1,156 |
| Dividends & Interest | $14,126 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,953 |
| Capital Gain Net Income | $119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $568 |
| Total Revenue | $96,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,380 |
| Total operating and administrative expenses | $1,455 |
| Contributions, gifts, grants paid | $80,547 |
| Total expenses and disbursements | $82,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,396 |
| 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 | $44,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $620,538 |
| 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 $80,547 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
THE FLORIDA ORCHESTA PURPOSE: FUND THE PERFORMING ARTS | $5,000 |
KANSAS CITY SYMPHONY PURPOSE: FUND THE PERFORMING ARTS | $1,750 |
NATIONAL YOUNG SCHOLARS ENVISION PURPOSE: FUND EDUCATIONAL PROGRAM | $2,645 |
UNIVERSITY OF KANSAS PURPOSE: EDUCATION FUND | $16,722 |
CULVER-STOCKTON COLLEGE PURPOSE: EDUCATIONAL FUND | $250 |
KANSAS CITY SYMPHONY PURPOSE: FUND THE PERFORMING ARTS | $175 |