Nonprofit · EIN 23-7065010
NEWTON SCHOOLS FOUNDATION INC
Tax-exempt · NEWTON, MA 02459
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $406,694 | $326,053 | $80,641 | $3,497,294 | $181,431 | $3,315,863 |
| June 30, 2024 | 990 | $1,087,993 | $356,152 | $731,841 | $3,313,218 | $189,755 | $3,123,463 |
| June 30, 2023 | 990 | $414,181 | $405,923 | $8,258 | $3,208,087 | $293,150 | $2,914,937 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $205,250
- Program service revenue
- $0
- Investment income
- $196,537
- Net gain from sales of assets
- $51,616
- Net income from fundraising events
- $4,907
- Other revenue
- $4,907
Expenses
- Grants and similar amounts paid
- $2,000
- Other salaries and wages
- $26,515
- Salaries, compensation and benefits (total)
- $28,926
- Professional fundraising fees
- $0
- Accounting fees
- $1,691
- Program services (functional)
- $270,437
- Management and general (functional)
- $32,025
- Fundraising (functional)
- $23,591
Balance sheet and other
- Total assets, start of year
- $3,313,218
- Total assets, end of year
- $3,497,294
- Total liabilities, end of year
- $181,431
- Net assets, end of year
- $3,315,863
- Publicly traded securities
- $2,464,181
- Net assets without donor restrictions
- $181,071
- Net assets with donor restrictions
- $3,134,792
- Gross receipts
- $1,481,606
- Employees
- 2
- Volunteers
- 20
- Year formed
- 1964
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RHANNA KIDWELL | DIRECTOR Trustee or director | 6 | $0 |
| DIANA FISHER GOMBERG | DIRECTOR Trustee or director | 2 | $0 |
| KAREN CARROL BENNETT | DIRECTOR Trustee or director | 2 | $0 |
| DELIA CHEUNG HOM | DIRECTOR Trustee or director | 2 | $0 |
| THERESA FITZPATRICK | DIRECTOR/CO-PRESIDENT Trustee or director, Officer | 2 | $0 |
| KAREN MANNING | DIRECTOR/CO-PRESIDENT Trustee or director, Officer | 2 | $0 |
| WILL ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| KATIE SCOTT | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE WETLAUFER | DIRECTOR/TREASURER Trustee or director, Officer | 6 | $0 |
| KAREN HITE | DIRECTOR Trustee or director | 2 | $0 |
| PATTY MCCABE | DIRECTOR Trustee or director | 2 | $0 |
| SALLY BRICKELL | DIRECTOR Trustee or director | 2 | $0 |
| JANE VICTOR | DIRECTOR Trustee or director | 2 | $0 |
| AMY MISTROT | DIRECTOR/EX OFFICIO Trustee or director | 2 | $0 |
| APRIL STEIN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIZ HISER | DIRECTOR (THRU JUNE 2024) Trustee or director | 6 | $0 |
| FREIDA DWECK | CLERK/DIRECTOR (THRU JUNE 2024) Trustee or director, Officer | 2 | $0 |
| RHANNA KIDWELL | DIRECTOR Trustee or director | 6 | $0 |
| AMY WERNER | PRESIDENT/DIRECTOR (THRU FEB 2024) Trustee or director, Officer | 6 | $0 |
| DIANA FISHER GOMBERG | DIRECTOR Trustee or director | 2 | $0 |
| KAREN CARROL BENNETT | DIRECTOR Trustee or director | 2 | $0 |
| DELIA CHEUNG HOM | DIRECTOR Trustee or director | 2 | $0 |
| THERESA FITZPATRICK | DIRECTOR Trustee or director | 2 | $0 |
| KAREN MANNING | DIRECTOR Trustee or director | 2 | $0 |
| WILL ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| MAUREEN OATES | DIRECTOR (THRU JUNE 2024) Trustee or director | 2 | $0 |
| KATIE SCOTT | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE WETLAUFER | DIRECTOR/TREASURER Trustee or director, Officer | 6 | $0 |
| KAREN HITE | DIRECTOR Trustee or director | 2 | $0 |
| PATTY MCCABE | DIRECTOR Trustee or director | 2 | $0 |
| SALLY BRICKELL | DIRECTOR Trustee or director | 2 | $0 |
| JANE VICTOR | DIRECTOR Trustee or director | 2 | $0 |
| AMY MISTROT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIZ HISER | DIRECTOR Trustee or director | 6 | $0 |
| BRUCE MCVITTIE | TREASURER/DIRECTOR (THRU JUNE 2023) Trustee or director, Officer | 6 | $0 |
| FRIEDA DWECK | CLERK/DIRECTOR Trustee or director, Officer | 2 | $0 |
| RHANNA KIDWELL | DIRECTOR Trustee or director | 6 | $0 |
| AMY WERNER | PRESIDENT/DIRECTOR Trustee or director, Officer | 6 | $0 |
| DIANA FISHER GOMBERG | DIRECTOR Trustee or director | 2 | $0 |
| KAREN CARROL BENNETT | DIRECTOR Trustee or director | 2 | $0 |
| DELIA CHEUNG HOM | DIRECTOR Trustee or director | 2 | $0 |
| THERESA FITZPATRICK | DIRECTOR Trustee or director | 2 | $0 |
| KAREN MANNING | DIRECTOR Trustee or director | 2 | $0 |
| WILL ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| MAUREEN OATES | DIRECTOR Trustee or director | 2 | $0 |
| KATIE SCOTT | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE WETLAUFER | DIRECTOR/TREASURER (AS OF JUNE 2023) Trustee or director, Officer | 6 | $0 |
| KAREN HITE | DIRECTOR (AS OF JULY 2022) Trustee or director | 2 | $0 |
| PATTY MCCABE | DIRECTOR (AS OF JULY 2022) Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 590020, NEWTON, MA 02459-0908
- Principal officer (990 for 2024)
- MICHELLE WETLAUFER, PO BOX 5900210, NEWTON, MA 02459
- Signed the 990
- MICHELLE WETLAUFER, TREASURER
- Phone
- (617) 559-6120
- Return prepared by
- WALTER SHUFFAIN ADVISORS INC
Mission
THE ADVANCE EXCELLENCE AND EQUITY IN THE NEWTON PUBLIC SCHOOLS BY FUNDING AND SUPPORTING PROMISING INITIATIVES, PROFESSIONAL DEVELOPMENT, AND PROGRAMS THAT CLOSE GAPS IN ACHIEVEMENT AND OPPORTUNITY.
Program accomplishments
- NEWTON SCHOOLS FOUNDATION WORKS WITH THE PUBLIC SCHOOL SYSTEM OF NEWTON, MA TO PROVIDE FINANCIAL AND OTHER SUPPORT OF THREE GOALS: INCUBATION OF PROMISING AND EMERGING APPROACHES TO TEACHING AND LEARNING WITH VIBRANT AND DYNAMIC CURRICULUM, COLLABORATIVE TEACHERS WHO CAN EVOLVE THEIR PRACTICES, AND ACTIVELY ENGAGE STUDENTS? INVESTMENT IN OPPORTUNITIES TO EXTEND AND DEEPEN THE TEACHING PRACTICES OF EDUCATORS THROUGH PROFESSIONAL DEVELOPMENT THAT SUPPLEMENTS THE EXISTING OPPORTUNITIES IN THE SYSTEM? AND, SUPPORT OF PROGRAMS THAT REDUCE GAPS IN ACHIEVEMENT AND OPPORTUNITY AND PROMOTE EQUITY IN NEWTON'S DIVERSE STUDENT POPULATION. IN ALL CASES, NSF WORKS WITH SCHOOL SYSTEM ADMINISTRATORS TO UNDERSTAND THE RELEVANT NEEDS OR REQUESTS AND TO DECIDE THE ACTIVITIES TO BE SUPPORTED.Expenses $270,437 · grants $2,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7065010
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $3,497,294
- Income (IRS master file)
- $1,481,606
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $406,694 | $326,053 | $3,497,294 | IRS |
| 990 | June 2024 | $1,087,993 | $356,152 | $3,313,218 | IRS |
| 990 | June 2023 | $414,181 | $405,923 | $3,208,087 | XML |
| 990 | June 2022 | $532,671 | $542,851 | $3,048,691 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7065010).
Questions about NEWTON SCHOOLS FOUNDATION INC
- What is the EIN of NEWTON SCHOOLS FOUNDATION INC?
- The employer identification number (EIN) of NEWTON SCHOOLS FOUNDATION INC is 23-7065010.
- Is NEWTON SCHOOLS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to NEWTON SCHOOLS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWTON SCHOOLS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEWTON SCHOOLS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEWTON SCHOOLS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEWTON SCHOOLS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MICHELLE WETLAUFER.
- Who are the officers and directors of NEWTON SCHOOLS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does NEWTON SCHOOLS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $406,694, expenses of $326,053 and total assets of $3,497,294 at year end.
Other nonprofits in NEWTON
- UNIVERSITY OF MASSACHUSETTS FOUNDATION INC EIN 04-6013152 · last filed 990 for 2025
- LASELL UNIVERSITY EIN 04-2103585 · last filed 990 for 2025
- WILLIAM JAMES COLLEGE INC EIN 04-2620216 · last filed 990 for 2025
- SAGA INNOVATIONS EIN 47-2168942 · last filed 990 for 2025
- HEBREW COLLEGE EIN 04-2104300 · last filed 990 for 2025
- THE WILY NETWORK INC EIN 47-2434992 · last filed 990 for 2024
- GATEWAYS ACCESS TO JEWISH EDUCATION INC EIN 04-3494246 · last filed 990 for 2025
- BIOBUILDER EDUCATIONAL FOUNDATION INC EIN 45-3844761 · last filed 990 for 2025