Alex W Newton Foundation
- Assets
- $495.9k
- Revenue
- $50.3k
- Investments
- $468.6k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 63-1246132
Organization Overview
Alex W Newton Foundation is located in Birmingham, AL. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Alex W Newton 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 12/2022, Alex W Newton Foundation generated $50.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.0%) each year. All expenses for the organization totaled $70.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Alex W Newton Foundation has awarded 16 individual grants totaling $119,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane W Newton Director & Treasurer | 0 | $0 | |
Sue A Newton Director & President | 0 | $0 | |
Rob J Newton Director & Vice President | 0 | $0 | |
Kelly N Hammond Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,550 |
| Interest on Savings | $196 |
| Dividends & Interest | $20,998 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,527 |
| Capital Gain Net Income | $27,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $557 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,078 |
| Total operating and administrative expenses | $4,185 |
| Contributions, gifts, grants paid | $66,000 |
| Total expenses and disbursements | $70,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $27,335 |
| 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 | $495,938 |
| 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, Alex W Newton Foundation has awarded $66,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
RESTORATION ACADEMY PURPOSE: SUPPORT PAYMENT | $5,000 |
ST VINCENT'S FOUNDATION PURPOSE: SUPPORT PAYMENT | $1,000 |
STILLMAN COLLEGE PURPOSE: SCHOLARSHIP FUND | $10,000 |
COMMUNITY FURNITURE BANK PURPOSE: SUPPORT PAYMENT | $10,000 |
URBAN YOUNG LIFE BIRMINGHAM PURPOSE: SUPPORT PAYMENT | $5,000 |
PARKINSON'S ASSOCIATION OF ALABAMA PURPOSE: SUPPORT PAYMENT | $10,000 |