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Nonprofiteer
← DR HUEY P NEWTON FOUNDATION

Form 990 for tax year 2024

Filed by DR HUEY P NEWTON FOUNDATION.

Totals

Total revenue
$528,698
Total expenses
$802,074
Contributions and grants received
$486,729
Grants paid
$3,575
Program service revenue
$0
Investment income
$503
Other revenue
$41,466
Total assets, end of year
$588,721
Total liabilities, end of year
$850
Net assets or fund balances, end of year
$587,871
Program services expenses (Part IX)
$724,765
Management and general expenses
$77,309
Fundraising expenses
$0
Program service expenses (Part III)
$724,765

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $486,729

  • 3 · Investment income

    total $503 · related or exempt $503

  • 10a · Gross sales of inventory

    $79,169

  • 10b · Cost of goods sold

    $37,703

  • 10c · Net income from sales of inventory

    total $41,466 · related or exempt $41,466

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,575 · program services $3,575

  • 5 · Compensation of officers, directors and key employees

    total $69,000 · program services $62,100 · management and general $6,900

  • 7 · Other salaries and wages

    total $168,140 · program services $151,326 · management and general $16,814

  • 9 · Other employee benefits

    total $22,361 · program services $20,125 · management and general $2,236

  • 10 · Payroll taxes

    total $31,394 · program services $28,255 · management and general $3,139

  • 11b · Fees: legal

    total $12,200 · program services $10,980 · management and general $1,220

  • 11c · Fees: accounting

    total $4,150 · management and general $4,150

  • 11g · Fees: other

    total $381,119 · program services $359,706 · management and general $21,413

  • 13 · Office expenses

    total $13,444 · management and general $13,444

  • 14 · Information technology

    total $2,205 · management and general $2,205

  • 16 · Occupancy

    total $43,669 · program services $39,302 · management and general $4,367

  • 17 · Travel

    total $27,453 · program services $27,453

  • 23 · Insurance

    total $2,974 · program services $2,677 · management and general $297

  • 24a · Other expenses: MISCELLANEOUS

    total $11,240 · program services $10,116 · management and general $1,124

  • 24b · Other expenses: EVENTS

    total $9,150 · program services $9,150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $491,239 · end of year $280,328

  • 2 · Savings and temporary cash investments

    beginning of year $100,739 · end of year $100,053

  • 8 · Inventories for sale or use

    beginning of year $12,128 · end of year $29,744

  • 10a · Land, buildings and equipment: cost or other basis

    $125,684

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,539

  • 10c · Land, buildings and equipment, net

    beginning of year $89,559 · end of year $119,145

  • 14 · Intangible assets

    beginning of year $59,451 · end of year $59,451

  • 25 · Other liabilities

    beginning of year -$3,980 · end of year $850

  • 27 · Net assets without donor restrictions

    beginning of year $757,096 · end of year $587,871

Mission and programs · 2024

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $724,765 · Grants $3,575

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Fredrika Newton

    PRESIDENT

    Total calculated
    $69,000
    From this org
    $69,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elisha Greenwell

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marshawn Lynch

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Newton

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kieron Slaughter

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202513179349303146

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