Newberg Education Foundation
- Assets
- $258.9k
- Revenue
- $116.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Newberg, OR
- Founding
- 02/1997
- Data as of
- 06/2020
- EIN
- 94-3250882
Organization Overview
Newberg Education Foundation is located in Newberg, OR. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newberg Education 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 06/2020, Newberg Education Foundation generated $116.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $83.9k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND DISPERSE FUNDS IN ORDER TO SUPPORT, PROMOTE AND INCREASE THE QUALITY OF PUBLIC EDUCATION IN NEWBERG SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT, PROMOTE AND INCREASE THE QUALITY OF PUBLIC EDUCATION IN THE NEWBERG SCHOOL DISTRICT.
COLLEGE SCHOLARSHIPS FOR NEWBERG SCHOOL DISTRICT GRADUATES
SUPPORT THE DEVELOPMENT OF WELLNESS SERVICES FOR THE NEWBERG SCHOOL DISTRICT
SUPPORT, PROMOTE AND INCREASE THE QUALITY OF PUBLIC EDUCATION IN THE NEWBERG SCHOOL DISTRICT.
COLLEGE SCHOLARSHIPS FOR NEWBERG SCHOOL DISTRICT GRADUATES
SUPPORT THE DEVELOPMENT OF WELLNESS SERVICES FOR THE NEWBERG SCHOOL DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Bacon Secretary | OfficerTrustee | 2 | $0 |
Heath Cornick Vice Preside | OfficerTrustee | 2 | $0 |
Kristen Stoller President | OfficerTrustee | 2 | $0 |
Ron Wolfe Treasurer | OfficerTrustee | 2 | $0 |
Rob Daily Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,498 |
| Investment income | $8,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $575 |
| Office expenses | $125 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $83,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,881 |
| 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 |
| Investments—publicly traded securities | $255,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $747 |
| Total assets | $258,884 |
| 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 |
| Total liabilities and net assets/fund balances | $258,884 |
Grants Awarded
Over the last fiscal year, Newberg Education Foundation has awarded $152,434 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDENCE NEWBERG MEDICAL CENTER PURPOSE: WELLNESS COLLECTIVE | $100,000 |
NEWBERG SCHOOL DIST | | | $27,434 |
Newberg, OR PURPOSE: WELLNESS COLLECTIVE | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newberg Education Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Providence Health & Services Oregon Renton, WA PURPOSE: SPONSORSHIP | $25,000 |
Endowment Analysis
| Beg. Balance | $197,442 |
| Earnings | -$6,239 |
| Net Contributions | $107,498 |
| Grants | -$36,825 |
| Ending Balance | $261,876 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |
Aim High For High School San Francisco, CA | $16,769,829 | $8,542,802 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Monarch School Project San Diego, CA | $10,858,774 | $7,145,400 |