Newbern Foundation

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 12/2021, Newbern Foundation generated $125.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $106.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Newbern Foundation has awarded 624 individual grants totaling $777,103. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NA


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $127,929
Net Rental Income$0
Net Gain on Sale of Assets -$2,378
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $125,551

Grants Awarded

Over the last fiscal year, Newbern Foundation has awarded $97,550 in support to 75 organizations.

Grant RecipientAmount

ALEXANDER-THARPE FUND AT GA TECH

PURPOSE: HIGHER EDUCATION GENERAL FUND

$20,000

UNITED WAY

PURPOSE: GENERAL SUPPORT FOR COMMUNITY BETTERMENT

$12,000

CORNERSTONE CLASSICAL ACADEMY

PURPOSE: ASSIST HOMESCHOLLED PARENTS AND CHILDREN

$5,000

BOY SCOUTS OF AMERICA

PURPOSE: PROVIDES ASSURANCE OF TOP QUALITY EXPERIENCES

$2,000

MILITARY FAMILY SUPPORT CENTER

PURPOSE: FINANCIAL ASST FOR FAMILIES OF DEPLOYED MILITARY

$1,500

OPERATION GRATITUDE

PURPOSE: SEND CARE PACKAGES TO DEPLOYED SERVICE MEN & WOMEN

$1,500
View Grant Profile

Peer Organizations

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