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Nonprofiteer
← NEWTON FOUNDATION

Form 990 for tax year 2023

Filed by NEWTON FOUNDATION.

Totals

Total revenue
$1,117,425
Total expenses
$1,736,750
Contributions and grants received
$0
Grants paid
$1,590,000
Program service revenue
$0
Investment income
$1,098,388
Other revenue
$19,037
Total assets, end of year
$12,103,636
Total liabilities, end of year
$922,273
Net assets or fund balances, end of year
$11,181,363
Program services expenses (Part IX)
$1,640,719
Management and general expenses
$96,031
Fundraising expenses
$0
Program service expenses (Part III)
$1,640,719

Program services were 94.5% 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.

  • 3 · Investment income

    total $69,496 · excluded $69,496

  • 7a · Gross sales of assets other than inventory

    securities $3,031,147

  • 7b · Less cost or other basis and sales expenses

    securities $2,002,255

  • 7c · Gain or loss

    securities $1,028,892

  • 7d · Net gain or loss

    total $1,028,892 · excluded $1,028,892

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $19,037 · excluded $19,037

  • 11e · Other revenue, total

    $19,037

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,590,000 · program services $1,590,000

  • 5 · Compensation of officers, directors and key employees

    total $92,625 · program services $46,313 · management and general $46,312

  • 10 · Payroll taxes

    total $7,669 · program services $3,835 · management and general $3,834

  • 11b · Fees: legal

    total $585 · program services $59 · management and general $526

  • 11c · Fees: accounting

    total $14,062 · management and general $14,062

  • 13 · Office expenses

    total $1,023 · program services $512 · management and general $511

  • 20 · Interest

    total $27,326 · management and general $27,326

  • 23 · Insurance

    total $3,210 · management and general $3,210

  • 24a · Other expenses: STATE UBI TAX PAID

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $399,184 · end of year $8,456

  • 11 · Investments: publicly traded securities

    beginning of year $12,728,137 · end of year $11,461,874

  • 12 · Investments: other securities

    beginning of year $853,516 · end of year $633,306

  • 15 · Other assets

    beginning of year $50,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $687,225 · end of year $922,273

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,343,612 · end of year $11,181,363

Mission and programs · 2023

Mission

SUPPORT ORGANIZATIONS WHICH IMPROVE THE QUALITY OF LIFE IN THE ROCKY MOUNTAIN REGION, NATIONALLY AND INTERNATIONALLY, BY, FOR EXAMPLE, SUPPORTING WORK IN THE AREAS OF SOCIAL AND HUMAN SERVICES, EDUCATION, THE ARTS, CULTURE, CONSERVATION, RELIGION, PSYCHOLOGY AND HEALTH SVCS.

Activities or mission (Part I)

IMPROVE THE QUALITY OF LIFE IN THE ROCKY MOUNTAIN REGION, NATIONALLY AND INTERNATIONALLY.

  • CONTRIBUTIONS MADE TO SUPPORTED ORGANIZATIONS AND ADMINISTRATION OF GRANT REQUESTS WITHIN THE JACKSON COMMUNITY.

    Expenses $1,640,719 · Grants $1,590,000

As filed on the 2023 return.

Listed in Part VII

  • William C Newton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • William 'Cory' Newton Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth H Hall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Lewis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Clay Geittmann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • E Belmont Herring

    PRIOR TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Harrison

    PRESIDENT

    Total calculated
    $92,625
    From this org
    $92,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202422979349302157

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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