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Nonprofit · EIN 04-2737021

NEWTON COMMONWEALTH FOUNDATION INC

Tax-exempt · NEWTON, MA 02459

Financials

$883K$295K2023$943K$338K2024
Revenue Expenses · by fiscal year end
Financials of NEWTON COMMONWEALTH FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$942,793$338,046$604,747$5,875,558$106,281$5,769,277
December 31, 2023990$882,516$294,586$587,930$5,234,530$70,000$5,164,530
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$774,833
Investment income
$167,960
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$207,062
Program services (functional)
$315,931
Management and general (functional)
$22,115

Balance sheet and other

Total assets, start of year
$5,234,530
Total assets, end of year
$5,875,558
Total liabilities, end of year
$106,281
Net assets, end of year
$5,769,277
Land, buildings and equipment
$1,739,942
Net assets without donor restrictions
$5,769,277
Gross receipts
$942,793
Employees
0
Volunteers
0
Year formed
1980
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOHN F NEVILLEDIRECTOR AND VICE PRESIDENT
Trustee or director, Officer
0.5$0
THOMAS ELKINDDIRECTOR
Trustee or director
0.5$0
ARLENE FRANKLINTREASURER AND DIRECTOR
Trustee or director, Officer
0.5$0
JOHN SYNNOTTPRESIDENT AND DIRECTOR
Trustee or director, Officer
1$0
DAN GREENDIRECTOR
Trustee or director
0.5$0
PETER DOHERTYDIRECTOR AND CLERK
Trustee or director
0.5$0
SAM FIGLERDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
STEVEN A MEYERPRESIDENT, DIRECTOR & ASSI
Trustee or director, Officer
1$0
JOHN F NEVILLE JAN TO OCTTREASURER
Trustee or director, Officer
0.5$0
THOMAS ELKINDDIRECTOR
Trustee or director
0.5$0
ARLENE FRANKLIN NOV TO DECTREASURER
Trustee or director, Officer
0.5$0
DAN GREENDIRECTOR
Trustee or director
0.5$0
PETER DOHERTYDIRECTOR, CLERK
Trustee or director
0.5$0
CYNTHIA ARCATEDIRECTOR
Trustee or director
0.5$0
SAM FIGLERDIRECTOR
Trustee or director
0.5$0
JOHN SYNNOTTDIRECTOR
Trustee or director
0.5$0
CONSTANCE KANTARDIRECTOR
Former
0.5$0

Address and contacts

Address (IRS master file)
CO ARLENE FRANKLIN 75 COMWLTH PK, NEWTON, MA 02459-0000
In care of
% JOHN SYNNOTT
Principal officer (990 for 2024)
JOHN SYNNOTT, 22 WINOWA ST, NEWTON, MA 02466
Signed the 990
JOHN SYNNOTT, PRESIDENT & DIRECTOR
Phone
(617) 548-0965
Return prepared by
H & H ACCOUNTING LLC

Mission

OPERATION OF A MUNICIPAL GOLF COURSE

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION THROUGH A LICENSER OF A MUNICIPAL GOLF COURSE FOR THE CITY OF NEWTON, MA
    Expenses $315,931 · revenue $942,793
  • NOT APPLICABLE ONLY ONE PROGRAM SERVICE
  • NOT APPLICABLE ONLY ONE PROGRAM SERVICE

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2737021
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,875,558
Income (IRS master file)
$942,793

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$942,793$338,046$5,875,558XML
990December 2023$882,516$294,586$5,234,530XML
990December 2022$693,151$288,388$4,636,600IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 04-2737021).

Questions about NEWTON COMMONWEALTH FOUNDATION INC

What is the EIN of NEWTON COMMONWEALTH FOUNDATION INC?
The employer identification number (EIN) of NEWTON COMMONWEALTH FOUNDATION INC is 04-2737021.
Is NEWTON COMMONWEALTH FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to NEWTON COMMONWEALTH FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEWTON COMMONWEALTH 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 COMMONWEALTH FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEWTON COMMONWEALTH FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEWTON COMMONWEALTH FOUNDATION INC?
The 990 for the year ended December 31, 2024 names JOHN SYNNOTT.
Who are the officers and directors of NEWTON COMMONWEALTH FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does NEWTON COMMONWEALTH FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $942,793, expenses of $338,046 and total assets of $5,875,558 at year end.

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