Arthur And Eileen Newman Family Foundation
Arthur And Eileen Newman Family Foundation consistently operates with 0% officer compensation, directing all expenses to its mission.
EIN: 161743917 · Charlottesville, VA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $411K |
| Program Spending | 100% |
| Net Assets | $5.0M |
| Transparency Score | 95/100 |
Is Arthur And Eileen Newman Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arthur And Eileen Newman Family Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Arthur And Eileen Newman Family Foundation
Arthur And Eileen Newman Family Foundation (EIN: 161743917) is a nonprofit organization based in Charlottesville, VA, classified under NTEE code T22. The organization reported total revenue of $2.1M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arthur And Eileen Newman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arthur And Eileen Newman Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $409K |
| Total Expenses | $411K |
| Surplus / Deficit | $-1,566 |
| Total Assets | $5.0M |
| Total Liabilities | $1 |
| Net Assets | $5.0M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 145.0 months |
Financial Health Grade: B
In 2023, Arthur And Eileen Newman Family Foundation reported a deficit of $2K with expenses exceeding revenue, holds 145.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Arthur And Eileen Newman Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +271.5% | -11.8% | +-0.0% |
| 2022 | -75.4% | -39.7% | -6.7% |
| 2021 | -89.6% | +168.5% | -6.4% |
| 2019 | -102.0% | -59.4% | -36.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arthur And Eileen Newman Family Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Arthur And Eileen Newman Family Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are used for officer salaries, which is highly efficient for a foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Arthur And Eileen Newman Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and direct mission spending.
- Long history of IRS 990 filings (10 filings), demonstrating transparency.
- Minimal liabilities ($1 or $0) across all reported periods, suggesting strong financial health.
- Stable asset base over the long term, despite revenue fluctuations.
- Clear focus on grantmaking activities as a private foundation (NTEE T22).
Frequently Asked Questions about Arthur And Eileen Newman Family Foundation
Is Arthur And Eileen Newman Family Foundation a legitimate charity?
Arthur And Eileen Newman Family Foundation (EIN: 161743917) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Arthur And Eileen Newman Family Foundation spend its money?
Arthur And Eileen Newman Family Foundation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Arthur And Eileen Newman Family Foundation tax-deductible?
Arthur And Eileen Newman Family Foundation is registered as a tax-exempt nonprofit (EIN: 161743917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Arthur And Eileen Newman Family Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Arthur And Eileen Newman Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Arthur And Eileen Newman Family Foundation located?
Arthur And Eileen Newman Family Foundation is headquartered in Charlottesville, Virginia and files with the IRS under EIN 161743917. It is classified under NTEE code T22.
How many years of IRS 990 filings does Arthur And Eileen Newman Family Foundation have?
Arthur And Eileen Newman Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Is the Arthur And Eileen Newman Family Foundation a good charity?
Based on the provided data, the foundation appears to be a highly effective and efficient grantmaking organization. Its consistent 0% officer compensation and minimal liabilities suggest that nearly all expenses are directed towards its charitable mission, making it a strong candidate for a 'good charity' in terms of financial management and program focus.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation across all ten filings. This indicates that executive salaries are not a component of its expenses, suggesting very low overhead and high efficiency in directing funds to its mission.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated over the decade, peaking at $6,704,857 in 2011 and reaching a low of $1,860,034 in 2019. Currently, assets stand at $4,886,164, indicating a generally stable, albeit variable, asset base over the long term.
Filing History
IRS 990 filing history for Arthur And Eileen Newman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Arthur And Eileen Newman Family Foundation's revenue has declined by 72.4%, moving from $1.5M to $409K. Total assets decreased by 25.9% over the same period, from $6.7M to $5.0M. Total functional expenses fell by 87.3%, from $3.2M to $411K. In its most recent filing year (2023), Arthur And Eileen Newman Family Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $409K | $411K | $5.0M | $1 | — | View 990 |
| 2022 | $110K | $466K | $5.0M | $1 | — | View 990 |
| 2021 | $448K | $773K | $5.3M | $1 | — | View 990 |
| 2020 | $4.3M | $288K | $5.7M | $1 | — | — |
| 2019 | $-20,647 | $542K | $1.9M | $1 | — | — |
| 2015 | $1.0M | $1.3M | $2.9M | $1 | — | View 990 |
| 2014 | $197K | $1.5M | $3.3M | $1 | — | View 990 |
| 2013 | $482K | $2.5M | $4.5M | $1 | — | View 990 |
| 2012 | $379K | $396K | $6.6M | $1 | — | View 990 |
| 2011 | $1.5M | $3.2M | $6.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $409K, expenses of $411K, and assets of $5.0M (revenue +271.5% year-over-year).
- 2022: Revenue of $110K, expenses of $466K, and assets of $5.0M (revenue -75.4% year-over-year).
- 2021: Revenue of $448K, expenses of $773K, and assets of $5.3M (revenue -89.6% year-over-year).
- 2020: Revenue of $4.3M, expenses of $288K, and assets of $5.7M.
- 2019: Revenue of $-20,647, expenses of $542K, and assets of $1.9M (revenue -102.0% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.3M, and assets of $2.9M (revenue +426.6% year-over-year).
- 2014: Revenue of $197K, expenses of $1.5M, and assets of $3.3M (revenue -59.1% year-over-year).
- 2013: Revenue of $482K, expenses of $2.5M, and assets of $4.5M (revenue +27.3% year-over-year).
- 2012: Revenue of $379K, expenses of $396K, and assets of $6.6M (revenue -74.5% year-over-year).
- 2011: Revenue of $1.5M, expenses of $3.2M, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arthur And Eileen Newman Family Foundation:
Data Sources and Methodology
This transparency report for Arthur And Eileen Newman Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.