The Newman Foundation Inc

Short Hills, NJ
Tax-exempt since June 1988
EIN: 22-6410797

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$115k (2024)

Expenses

$76.6k (2024)

Total Assets

$812k (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2024

Revenue

$114,687

Expenses

$76,630

Net Income

$38,057

Net Assets

$811,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,171	15.8%
Sales of Assets	$96,516	84.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,166	65.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$811,880
Total Liabilities	$0
Net Assets	$811,880

Compensation

Key Employees and Officers	Compensation	Other
Kerry Sullivan (President/Trustee)	$0	$0
Brian Newman (Treasurer)	$0	$0
Stephen Newman (Secretary)	$0	$0

990-PF

Filed on March 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$69,238

Expenses

$85,997

Net Income

-$16,759

Net Assets

$773,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$172	0.2%
Dividends	$14,193	20.5%
Sales of Assets	$54,873	79.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,808	85.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$773,823
Total Liabilities	$0
Net Assets	$773,823

Compensation

Key Employees and Officers	Compensation	Other
Kerry Sullivan (President/Trustee)	$0	$0
Denis Newman (Treasurer/Vice President)	$0	$0

990-PF

Filed on Sept. 6, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2022

Revenue

$71,543

Expenses

$70,443

Net Income

$1,100

Net Assets

$790,582

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$133	0.2%
Dividends	$12,666	17.7%
Sales of Assets	$58,744	82.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,518	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$790,582
Total Liabilities	$0
Net Assets	$790,582

Compensation

Key Employees and Officers	Compensation	Other
Kerry Sullivan (President/Trustee)	$0	$0
Denis Newman (Treasurer/Vice President)	$0	$0
Mary Newman (Secretary/Trustee)	$0	$0

990-PF

Filed on July 26, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2021

Revenue

$75,414

Expenses

$61,135

Net Income

$14,279

Net Assets

$789,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,664	18.1%
Sales of Assets	$61,750	81.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,347	88.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$789,482
Total Liabilities	$0
Net Assets	$789,482

Compensation

Key Employees and Officers	Compensation	Other
Mary Newman (President/Trustee)	$0	$0
Denis Newman (Treasurer/Trustee)	$0	$0
Kerry Sullivan (Secretary/Trustee)	$0	$0

990-PF

Filed on Oct. 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2019

Revenue

$2,767

Expenses

$51,642

Net Income

-$48,875

Net Assets

$832,562

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,684	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,894	67.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$832,562
Total Liabilities	$0
Net Assets	$832,562

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2017

Revenue

$46,129

Expenses

$53,505

Net Income

-$7,376

Net Assets

$403,698

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$46,129	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,256	97.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$403,698
Total Liabilities	$0
Net Assets	$403,698

Compensation

Key Employees and Officers	Compensation	Other
Mary Newman (President/Trustee)	$0	$0
Denis Newman (Treasurer/Trustee)	$0	$0
Kerry Sullivan (Secretary/Trustee)	$0	$0

990-PF

Filed on March 29, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2016

Revenue

$45,372

Expenses

$58,262

Net Income

-$12,890

Net Assets

$411,074

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$45,372	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,976	96.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$411,074
Total Liabilities	$0
Net Assets	$411,074

Compensation

Key Employees and Officers	Compensation	Other
Mary Newman (President/Trustee)	$0	$0
Denis Newman (Treasurer/Trustee)	$0	$0
Kerry Sullivan (Secretary/Trustee)	$0	$0

990-PF

Filed on April 18, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

Revenue

$39,512

Expenses

$47,587

Net Income

-$8,075

Net Assets

$423,964

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$39,512	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,914	96.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$423,964
Total Liabilities	$0
Net Assets	$423,964

Compensation

Key Employees and Officers	Compensation	Other
Mary Newman (President/Trustee)	$0	$0
Denis Newman (Treasurer/Trustee)	$0	$0
Kerry Sullivan (Secretary/Trustee)	$0	$0

990-PF

Filed on April 18, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2014

Revenue

$25,289

Expenses

$45,000

Net Income

-$19,711

Net Assets

$432,039

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$25,289	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,471	96.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$432,039
Total Liabilities	$0
Net Assets	$432,039

Compensation

Key Employees and Officers	Compensation	Other
Mary Newman (President/Trustee)	$0	$0
Denis Newman (Treasurer/Trustee)	$0	$0
Kerry Sullivan (Secretary/Trustee)	$0	$0

990-PF

Filed on April 10, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2013

Revenue

$21,989

Expenses

$42,602

Net Income

-$20,613

Net Assets

$451,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$21,989	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,375	97.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$451,750
Total Liabilities	$1
Net Assets	$451,749

990-PF

Filed on June 19, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2012

Revenue

$15,024

Expenses

$37,018

Net Income

-$21,994

Net Assets

$472,362

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$15,024	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,848	96.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$472,363
Total Liabilities	$1
Net Assets	$472,362

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$10,691

Expenses

$36,370

Net Income

-$25,679

Net Assets

$494,357

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$10,691	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,254	96.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$494,357
Total Liabilities	$0
Net Assets	$494,357

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated June 30, 2025

The Newman Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $115k (2024)

Expenses $76.6k (2024)

Total Assets $812k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$115k (2024)

Expenses

$76.6k (2024)

Total Assets

$812k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001