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Also known as: % MICHAEL MURPHY
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Newton Rotary Club Endowment Inc. is a private corporation based in NEWTON, NJ. The foundation received its IRS ruling in 1993. The principal officer is Michael Murphy. It holds total assets of $206K. Annual income is reported at $55K. Total assets have grown from $65K in 2011 to $199K in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Newton Rotary Club Endowment Inc. has made 6 grants totaling $34K, with a median grant of $5K. Annual giving has grown from $9K in 2021 to $11K in 2023. Grantmaking activity was highest in 2022 with $14K distributed across 2 grants. Individual grants have ranged from $741 to $13K, with an average award of $6K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New Jersey and Illinois. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Newton Rotary Club Endowment Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in NJ, IL.
Newton Rotary Club Endowment Inc. has distributed a total of $34K across 6 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $741 to $13K.
Newton Rotary Club Endowment Inc. typically selects its grantees rather than accepting unsolicited proposals.
Newton Rotary Club Endowment Inc. is headquartered in NEWTON, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Carl Lazzaro | PRESIDENT | $0 | $0 | N/A |
| Steve Wescott | SECRETARY | $0 | $0 | N/A |
Total Giving
$39K
Total Assets
$199K
Fair Market Value
$200K
Net Worth
$199K
Grants Paid
$11K
Contributions
$2K
Net Investment Income
$5K
Distribution Amount
$10K
Total: $183K
Total Grants
6
Total Giving
$34K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
2
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Newton Rotary ClubGRANT | Newton, NJ | $11K | 2023 |
| Rotary FoundationCONTRIBUTION | Evanston, IL | $789 | 2022 |