Newton Foundation
- Assets
- $19.0m
- Revenue
- $862.5k
- Investments
- $707.9k
- Employees
- 1
- Location
- Jackson, WY
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 91-6470560
Organization Overview
Newton Foundation is located in Jackson, WY. 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. 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 12/2021, Newton Foundation generated $862.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newton Foundation has awarded 119 individual grants totaling $10,589,471. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE IN THE ROCKY MOUNTAIN REGION, NATIONALLY AND INTERNATIONALLY.
Describe the Organization's Program Activity:
CONTRIBUTIONS MADE TO SUPPORTED ORGANIZATIONS.
ADMINISTRATION OF GRANT REQUESTS FROM NON-PROFIT ORGANIZATIONS IN THE JACKSON COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Harrison Executive Director | Officer | 20 | $72,625 |
William C Newton Trustee | Trustee | 5 | $0 |
William 'cory' Newton Jr Trustee | Trustee | 1 | $0 |
E Belmont Herring Trustee | Trustee | 0.5 | $0 |
Ed Liebzeit Trustee | Trustee | 0.5 | $0 |
Elizabeth H Hall Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $135,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,343,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,862,268 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,625 |
| Compensation of current officers, directors, key employees. | $36,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $840 |
| Fees for services: Accounting | $14,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,954 |
| All other expenses | $2,638 |
| Total functional expenses | $1,962,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,030 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,194,530 |
| Investments—other securities | $707,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,000 |
| Total assets | $19,007,412 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,007,412 |
| Total liabilities and net assets/fund balances | $19,007,412 |
Grants Awarded
Over the last fiscal year, Newton Foundation has awarded $1,857,268 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, WY PURPOSE: OLD BILL'S FUN RUN | $1,250,000 |
Jackson, WY PURPOSE: MISCELLANEOUS | $113,000 |
Jackson, WY PURPOSE: CENTRAL WYOMING COMMUNITY COLLEGE | $50,000 |
Jackson, WY PURPOSE: JACKSON HOLE HISTORICAL SOCIETY AND MUSEUM | $50,000 |
Jackson, WY PURPOSE: DIRECT SUPPORT | $47,268 |
Jackson, WY PURPOSE: COMMUNITY FOUNDATION OF TETON VALLEY | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
Pete & Arline Harman Trust Fund Salt Lake City, UT | $59,077,970 | $2,949,653 |
Newton Foundation Jackson, WY | $19,007,412 | $862,510 |
Pete Morgan Foundation Trust Denver, CO | $1,580,035 | $792,859 |
Henry Sachs Trust Uw Denver, CO | $21,586,506 | $4,628,736 |
Vc Medical Endowment Tr Sioux Falls, SD | $16,574,486 | $1,476,836 |
Dixon Family Foundation Omaha, NE | $50,734,621 | $2,002,261 |
Louis And Abby Faye Dinklage Foundation Dodge, NE | $24,590,630 | $1,636,679 |
Parker Family Foundation Omaha, NE | $53,755,894 | $1,788,944 |
Nehring Family Nice Foundation Sioux Falls, SD | $4,939,586 | $4,091,641 |