Newbern Foundation
- Assets
- $2.8m
- Revenue
- $6.8k
- Investments
- $2.8m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 54-2016695
Organization Overview
Newbern Foundation is located in Roanoke, VA. The organization was established in 2001. 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. Newbern 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, Newbern Foundation generated $6.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $10.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (22.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Newbern Foundation has awarded 642 individual grants totaling $782,153. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess Newbern III President And Treasurer | 2 | $0 | |
J Cason Newbern VP And Secretary | 0 | $0 | |
Kelly Newbern Van Aken VP | 0 | $0 | |
L Brook Newbern Roncinske VP | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,393 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$122,622 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,811 |
| 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 | $0 |
| Total operating and administrative expenses | $10,176 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,576 |
| 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 | $2,801,416 |
| 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, Newbern Foundation has awarded $100,000 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ARK OF MASSAU PURPOSE: SERVE ADULTS WITH DEVELOPMENTAL DISABILITIES | $500 |
ASHBROOK CENTER PURPOSE: YOUTH EDUCATION | $500 |
BARNABAS PURPOSE: ASSIST FOR LOSS OF EMPLOYMENTHEALTH INSCRISES | $1,000 |
BIG BROTHERSBIG SISTERS PURPOSE: HELPING CHILDREN REACH THEIR POTENTIAL | $1,000 |
BIG BROTHERSBIG SISTERS FL PURPOSE: HELPING CHILDREN REACH THEIR POTENTIAL | $1,000 |
CAMP ALTA MONS PURPOSE: YOUTH CAMP SCHOLARSHIPS | $500 |