Nonprofit · EIN 26-2208265
ISIDORE NEWMAN SCHOOL FOUNDATION
Tax-exempt · NEW ORLEANS, LA 70139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,671,117 | $5,679,265 | -$1,008,148 | $56,461,711 | $393,488 | $56,068,223 |
| June 30, 2024 | 990 | $2,615,591 | $5,475,638 | -$2,860,047 | $55,575,561 | $223,137 | $55,352,424 |
| June 30, 2023 | 990 | $3,067,056 | $2,374,876 | $692,180 | $54,544,620 | $384,462 | $54,160,158 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $210,358
- Program service revenue
- $0
- Investment income
- $4,460,759
- Net gain from sales of assets
- $3,663,166
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,181,993
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,973
- Accounting fees
- $25,500
- Program services (functional)
- $5,181,993
- Management and general (functional)
- $497,272
Balance sheet and other
- Total assets, start of year
- $55,575,561
- Total assets, end of year
- $56,461,711
- Total liabilities, end of year
- $393,488
- Net assets, end of year
- $56,068,223
- Net assets without donor restrictions
- $16,107,075
- Net assets with donor restrictions
- $39,961,148
- Gross receipts
- $13,297,710
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- LA
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 |
|---|---|---|---|
| VALERIE BESTHOFF | SECRETARY Trustee or director, Officer | 2 | $0 |
| HERMAN S KOHLMEYER JR | CHAIRMAN OF THE FOUNDATION Trustee or director, Officer | 2 | $0 |
| H MERRITT LANE III | PRESIDENT CEO Trustee or director, Officer | 2 | $0 |
| R HUNTER PIERSON III | TREASURER Trustee or director, Officer | 2 | $0 |
| HARRY J BLUMENTHAL | BOARD MEMBER Trustee or director | 1 | $0 |
| DARRYL D BERGER SR | BOARD MEMBER Trustee or director | 1 | $0 |
| TRIPP FRIEDLER | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM A GOLDRING | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN SAER | VICE PRESIDENT INVESTMENTS Trustee or director, Officer | 2 | $0 |
| PETER E SPERLING | BOARD MEMBER Trustee or director | 1 | $0 |
| HARVEY M STONE | BOARD MEMBER Trustee or director | 1 | $0 |
| IRVING WARSHAUER | BOARD MEMBER Trustee or director | 1 | $0 |
| ANN THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| ELI WEISS | DIRECTOR Trustee or director | 1 | $0 |
| DARREN ALCUS | DIRECTOR Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN GOOD | BOARD MEMBER Trustee or director | 1 | $0 |
| COOPER MANNING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALERIE BESTHOFF | SECRETARY Trustee or director, Officer | 2 | $0 |
| LOUIS Y FISHMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| HERMAN S KOHLMEYER JR | CHAIRMAN OF THE FOUNDATION Trustee or director, Officer | 2 | $0 |
| H MERRITT LANE III | PRESIDENT CEO Trustee or director, Officer | 2 | $0 |
| R HUNTER PIERSON III | TREASURER Trustee or director, Officer | 2 | $0 |
| HARRY J BLUMENTHAL | BOARD MEMBER Trustee or director | 1 | $0 |
| DARRYL D BERGER SR | BOARD MEMBER Trustee or director | 1 | $0 |
| TRIPP FRIEDLER | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM A GOLDRING | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN SAER | VICE PRESIDENT INVESTMENTS Trustee or director, Officer | 2 | $0 |
| PETER E SPERLING | BOARD MEMBER Trustee or director | 1 | $0 |
| HARVEY M STONE | BOARD MEMBER Trustee or director | 1 | $0 |
| IRVING WARSHAUER | BOARD MEMBER Trustee or director | 1 | $0 |
| ANN THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| ELI WEISS | DIRECTOR Trustee or director | 1 | $0 |
| DARREN ALCUS | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN GOOD | BOARD MEMBER Trustee or director | 1 | $0 |
| COOPER MANNING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALERIE BESTHOFF | SECRETARY Trustee or director, Officer | 2 | $0 |
| LOUIS Y FISHMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| HERMAN S KOHLMEYER JR | CHAIRMAN OF THE FOUNDATION Trustee or director, Officer | 2 | $0 |
| H MERRITT LANE III | PRESIDENT CEO Trustee or director, Officer | 2 | $0 |
| R HUNTER PIERSON III | TREASURER Trustee or director, Officer | 2 | $0 |
| HARRY J BLUMENTHAL | BOARD MEMBER Trustee or director | 1 | $0 |
| DARRYL D BERGER SR | BOARD MEMBER Trustee or director | 1 | $0 |
| TRIPP FRIEDLER | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM A GOLDRING | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN SAER | VICE PRESIDENT INVESTMENTS Trustee or director, Officer | 2 | $0 |
| PETER E SPERLING | BOARD MEMBER Trustee or director | 1 | $0 |
| HARVEY M STONE | BOARD MEMBER Trustee or director | 1 | $0 |
| IRVING WARSHAUER | BOARD MEMBER Trustee or director | 1 | $0 |
| ANN THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| ELI WEISS | DIRECTOR Trustee or director | 1 | $0 |
| DARREN ALCUS | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN GOOD | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 701 POYDRAS ST STE 3600, NEW ORLEANS, LA 70139-7735
- In care of
- % THOMAS J LOCKE
- Principal officer (990 for 2024)
- H MERRITT LANE III, 701 POYDRAS STREET SUITE 3600, NEW ORLEANS, LA 701397735
- Signed the 990
- H MERRITT LANE III, PRESIDENT AND CEO
- Phone
- (504) 458-1925
- Return prepared by
- BOURGEOIS BENNETT LLC
Mission
TO SUPPORT THE ISIDORE NEWMAN SCHOOL BY ADMINISTERING, DEVELOPING, AND INVESTING AN ENDOWMENT FUND FOR THE SOLE BENEFIT OF THE SCHOOL.
Program accomplishments
- THE FOUNDATION'S PURPOSE IS TO SUPPORT THE ISIDORE NEWMAN SCHOOL BY ADMINISTERING, DEVELOPING, AND INVESTING AN ENDOWMENT FUND FOR THE SOLE BENEFIT OF THE SCHOOL.Expenses $5,181,993 · grants $5,181,993 · revenue $4,460,759
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
- 26-2208265
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $56,461,711
- Income (IRS master file)
- $13,297,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,671,117 | $5,679,265 | $56,461,711 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $2,615,591 | $5,475,638 | $55,575,561 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $3,067,056 | $2,374,876 | $54,544,620 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $3,548,875 | $2,280,780 | $51,467,441 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | 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 26-2208265).
Questions about ISIDORE NEWMAN SCHOOL FOUNDATION
- What is the EIN of ISIDORE NEWMAN SCHOOL FOUNDATION?
- The employer identification number (EIN) of ISIDORE NEWMAN SCHOOL FOUNDATION is 26-2208265.
- Is ISIDORE NEWMAN SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to ISIDORE NEWMAN SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ISIDORE NEWMAN SCHOOL FOUNDATION 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 ISIDORE NEWMAN SCHOOL FOUNDATION 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 ISIDORE NEWMAN SCHOOL FOUNDATION 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 ISIDORE NEWMAN SCHOOL FOUNDATION?
- The 990 for the year ended June 30, 2025 names H MERRITT LANE III.
- Who are the officers and directors of ISIDORE NEWMAN SCHOOL FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does ISIDORE NEWMAN SCHOOL FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,671,117, expenses of $5,679,265 and total assets of $56,461,711 at year end.
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