Harry H and Faye I Newman Scholarship Tr
Only null% goes to programs Strong reserves Growing revenue
Harry H and Faye I Newman Scholarship Tr is a 501(c)(3) organization based in Hermitage, Pennsylvania, registered in 2006, with $173,674 in FY2024 revenue. CharityIndex grades it C+.
One Fnb Blvd 3rd Floor, Hermitage, PA, 16148 EIN 20-3426026 Since 2006
Revenue (FY2024)
$174K
▲ 99.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$72K
Net assets
$1.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Harry H and Faye I Newman Scholarship Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating171 mo reserves · +59% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Harry H and Faye I Newman Scholarship Tr: 171 mo reserves · +59% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Harry H and Faye I Newman Scholarship Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Harry H and Faye I Newman Scholarship Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- One Fnb Blvd 3rd Floor, Hermitage, PA, 16148
- City
- Hermitage
- State
- Pennsylvania
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $135K (FY2013) to $174K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.0M
Operating margin
58.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0M
Total liabilities
$0
Net assets
$1.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $173,674▲99.7% | $71,602▲9.2% | $1,017,907▲11.1% | $1,017,907▲11.1% | 990PF |
| 2023 | $86,969▲2677% | $65,572▲6.9% | $916,071▲2.4% | $916,250▲2.4% | 990PF |
| 2022 | $3,132▼96.3% | $61,361▼19.0% | $894,674▼6.1% | $894,832▼6.1% | 990PF |
| 2021 | $85,349▲2.2% | $75,730▲11.4% | $952,903▲1.0% | $953,087▲1.0% | 990PF |
| 2020 | $83,528▲95.4% | $68,008▲7.7% | $943,150▲1.7% | $943,311▲1.7% | 990PF |
| 2019 | $42,744▲49.1% | $63,172▼0.7% | $927,630▼2.1% | $927,911▼2.1% | 990PF |
| 2018 | $28,670▼42.2% | $63,626▼9.3% | $947,885▼3.5% | $948,275▼3.6% | 990PF |
| 2017 | $49,592▲76.8% | $70,157▲1.6% | $982,614▼2.0% | $983,722▼1.9% | 990PF |
| 2016 | $28,047▼16.6% | $69,021▲3.8% | $1,003,081▼3.9% | $1,003,081▼3.9% | 990PF |
| 2015 | $33,617▼36.9% | $66,471▼8.1% | $1,043,557▼3.1% | $1,043,717▼3.1% | 990PF |
| 2014 | $53,285▼60.5% | $72,361▲0.7% | $1,076,411▼1.7% | $1,076,564▼1.7% | 990PF |
| 2013 | $134,910 | $71,878▲8.5% | $1,095,487▲6.1% | $1,095,487▲6.1% | 990PF |
| 2012 | — | $66,274▲0.1% | $1,032,149▼0.1% | $1,032,455 | 990PF |
| 2011 | — | $66,178 | $1,032,924 | $1,032,924 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Harry H and Faye I Newman Scholarship Tr a legitimate nonprofit?
- Yes. Harry H and Faye I Newman Scholarship Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3426026, based in Hermitage, Pennsylvania. Donations are tax-deductible.
- What is Harry H and Faye I Newman Scholarship Tr's EIN?
- Harry H and Faye I Newman Scholarship Tr's Employer Identification Number (EIN) is 20-3426026.
- How much revenue does Harry H and Faye I Newman Scholarship Tr report?
- Harry H and Faye I Newman Scholarship Tr reported $173,674 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Harry H and Faye I Newman Scholarship Tr have?
- CharityIndex grades Harry H and Faye I Newman Scholarship Tr C+, based on financial health (reserves and operating margin).
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Data for Harry H and Faye I Newman Scholarship Tr (EIN 20-3426026) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.