Form 990 for tax year 2022
Filed by ISIDORE NEWMAN SCHOOL FOUNDATION.
Totals
- Total revenue
- $3,067,056
- Total expenses
- $2,374,876
- Contributions and grants received
- $1,064,065
- Grants paid
- $1,851,645
- Program service revenue
- $0
- Investment income
- $2,002,991
- Other revenue
- $0
- Total assets, end of year
- $54,544,620
- Total liabilities, end of year
- $384,462
- Net assets or fund balances, end of year
- $54,160,158
- Program services expenses (Part IX)
- $1,851,645
- Management and general expenses
- $523,231
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,851,645
Program services were 78.0% 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
$1,064,065
-
3 · Investment income
total $797,952 · related or exempt $737,153 · unrelated business $60,799
-
7a · Gross sales of assets other than inventory
securities $12,047,754
-
7b · Less cost or other basis and sales expenses
securities $10,842,715
-
7c · Gain or loss
securities $1,205,039
-
7d · Net gain or loss
total $1,205,039 · related or exempt $1,205,039
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,851,645 · program services $1,851,645
-
11a · Fees: management
total $49,500 · management and general $49,500
-
11b · Fees: legal
total $33,808 · management and general $33,808
-
11c · Fees: accounting
total $20,700 · management and general $20,700
-
11f · Fees: investment management
total $366,673 · management and general $366,673
-
23 · Insurance
total $8,925 · management and general $8,925
-
24a · Other expenses: BAD DEBT EXPENSE
total $34,625 · management and general $34,625
-
24b · Other expenses: SOFTWARE
total $9,000 · management and general $9,000
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $828,450 · end of year $3,416,442
-
3 · Pledges and grants receivable
beginning of year $123,326 · end of year $51,998
-
13 · Investments: program-related
beginning of year $49,716,558 · end of year $50,174,141
-
15 · Other assets
beginning of year $799,107 · end of year $902,039
-
17 · Accounts payable and accrued expenses
beginning of year $395,328 · end of year $384,462
-
27 · Net assets without donor restrictions
beginning of year $18,014,398 · end of year $19,084,535
-
28 · Net assets with donor restrictions
beginning of year $33,057,715 · end of year $35,075,623
Mission and programs · 2022
Mission
TO SUPPORT THE ISIDORE NEWMAN SCHOOL BY ADMINISTERING, DEVELOPING, AND INVESTING AN ENDOWMENT FUND FOR THE SOLE BENEFIT OF THE SCHOOL.
-
THE FOUNDATION'S PURPOSE IS TO SUPPORT THE ISIDORE NEWMAN SCHOOL BY ADMINISTERING, DEVELOPING, AND INVESTING AN ENDOWMENT FUND FOR THE SOLE BENEFIT OF THE SCHOOL.
Expenses $1,851,645 · Grants $1,851,645 · Revenue $3,067,056
As filed on the 2022 return.
Listed in Part VII
-
Valerie BesthoffVALERIE BESTHOFF
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Louis Y FishmanLOUIS Y FISHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Herman S Kohlmeyer JrHERMAN S KOHLMEYER JR
CHAIRMAN OF THE FOUNDATION
- Total calculated
- $0
- Hours/week
- 2
-
H Merritt Lane IIIH MERRITT LANE III
PRESIDENT CEO
- Total calculated
- $0
- Hours/week
- 2
-
R Hunter Pierson IIIR HUNTER PIERSON III
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Harry J BlumenthalHARRY J BLUMENTHAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darryl D Berger SrDARRYL D BERGER SR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tripp FriedlerTRIPP FRIEDLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William A GoldringWILLIAM A GOLDRING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John SaerJOHN SAER
VICE PRESIDENT INVESTMENTS
- Total calculated
- $0
- Hours/week
- 2
-
Peter E SperlingPETER E SPERLING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Harvey M StoneHARVEY M STONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Irving WarshauerIRVING WARSHAUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ann ThompsonANN THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eli WeissELI WEISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darren AlcusDARREN ALCUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan GoodSUSAN GOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
-
$1,851,645
ISIDORE NEWMAN SCHOOL IS A SUPPORTED ORGANIZATION OF THE ISIDORE NEWMAN SCHOOL FOUNDATION.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · OPERATION OF AN EARLY CHILDHOOD, PRE-K, ELEMENTARY, JUNIOR, AND HIGH SCHOOL · LA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431349349303408
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