Newfields Inc
73% goes to programs $47 to raise $100 Strong reserves
Newfields Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 1937, with $50,692,742 in FY2023 revenue. CharityIndex grades it B+, and it directs about 73% of spending to programs.
4000 Michigan Rd, Indianapolis, IN, 46208 EIN 35-0867955 Since 1937
Revenue (FY2023)
$50.7M
▼ 18.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$51.1M
Net assets
$476.7M
Employees
534
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating73% to programs · $47 to raise $100
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. For Newfields Inc: 73% to programs · $47 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating112 mo reserves · -1% 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 Newfields Inc: 112 mo reserves · -1% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Newfields Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Newfields Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To enrich lives through exceptional experiences with art and nature.
What they do
Curatorial - the study, preservation and collection of art for the enjoyment of future generations.
Horticultural - newfields fosters exploration of the natural environment and the historic properties for which newfields has been given stewardship.
Contact & location
- Address
- 4000 Michigan Rd, Indianapolis, IN, 46208
- City
- Indianapolis
- State
- Indiana
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $28.3M (FY2013) to $50.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $59.2MNet assets $476.7M
Operating margin
-0.8%
Spent more than it raised in the latest fiscal year.
Total assets
$535.8M
Total liabilities
$59.2M
Net assets
$476.7M
Salaries & benefits
$22.2M
43% of expenses
Board members
27
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $50,692,742▼18.3% | $51,102,944▲11.3% | $476,661,884▲2.2% | $535,821,328▲1.8% | 990 |
| 2022 | $62,024,991▲13.8% | $45,914,486▲7.5% | $466,253,086▲1.5% | $526,525,961▲0.7% | 990 |
| 2021 | $54,487,472▲4.3% | $42,718,576▲16.3% | $459,488,086▼6.5% | $522,742,990▼8.4% | 990 |
| 2020 | $52,226,027▲2.6% | $36,746,635▲3.1% | $491,398,192▲26.3% | $570,410,766▲21.5% | 990 |
| 2019 | $50,888,212▼33.9% | $35,655,621▼2.1% | $389,090,800▼1.4% | $469,323,358▼1.4% | 990 |
| 2018 | $77,005,332▲83.1% | $36,434,021▼2.1% | $394,748,209▲2.7% | $475,988,844▲1.4% | 990 |
| 2017 | $42,046,063▲1.0% | $37,209,931▲8.3% | $384,270,898▲3.2% | $469,351,457▼2.4% | 990 |
| 2016 | $41,647,620▲31.8% | $34,342,347▼1.2% | $372,402,329▲7.0% | $480,804,377▲0.7% | 990 |
| 2015 | $31,588,058▼26.5% | $34,759,009▼3.9% | $348,058,497▼6.4% | $477,337,282▼4.8% | 990 |
| 2014 | $42,963,532▲52.0% | $36,188,342▲4.6% | $371,905,097▼4.0% | $501,610,406▼3.5% | 990 |
| 2013 | $28,270,652 | $34,582,793▲7.0% | $387,390,432▲9.8% | $519,550,707▲6.9% | 990 |
| 2012 | — | $32,310,697▼1.3% | $352,933,795▲3.7% | $486,122,271▲1.9% | 990 |
| 2011 | — | $32,727,247▼8.5% | $340,396,659▼10.1% | $476,925,783▼6.4% | 990 |
| 2010 | — | $35,754,900▲6.7% | $378,642,977▲14.7% | $509,726,244▲9.6% | 990 |
| 2009 | — | $33,518,535 | $330,023,977 | $464,867,768 | 990 |
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.
Leadership & compensation (FY2023)
Highest-paid: Colette Burnette — $537,813 (1.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Colette Burnette | Director & Ceo (end 11/2023) | 50 | $537,813 |
| Jonathan Wright | Deputy Dir - Horticulture | 50 | $275,052 |
| Ernest Gause | Chief People & Diver. Officer | 50 | $270,356 |
| Jeremiah Wise | Chief Financial Officer | 50 | $243,428 |
| Jonathan Berger | Vp - Mkt & Ext Affairs | 50 | $197,594 |
| Grace Meils | Vice President of Advancement | 50 | $170,713 |
| Greg Smith | Senior Conservation Scientist | 50 | $165,777 |
| Laura Mcgrew | Sr Dir-guest Exp and Volunteer | 50 | $127,053 |
| Michael Kubacki | Ex-officio/interim Pres/ceo | 50 | $44,712 |
| Allan Mills | Board Member | 2 | — |
| Anne Sellers | Vice Chair | 2 | — |
| Daniel C Yates | Board Member | 2 | — |
| Darrianne Christian | Chair | 2 | — |
| Dorit Paul | Board Member | 2 | — |
| Douglas Singleton | Governor Chair Ex-officio | 2 | — |
| Dr Leon Jackson | Board Member | 2 | — |
| Ellen Swisher Crabb | Board Member | 2 | — |
| Ian Rupert | At-large | 2 | — |
| Jason Noyan | Board Member | 2 | — |
| John Lisher | Board Member | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bcs Services LLC | Cleaning Service | $561,482 |
| Barnes & Thornburg LLP | Legal Services | $255,444 |
| Tyler Scenic LLC | Install Services | $188,993 |
| Forvis Mazars LLP | Audit and Tax Services | $178,609 |
| Indianapolis Parking LLC | Parking Service | $136,115 |
Grants received · $9.0M total
77 grants to Newfields Inc totaling $9.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Indiana Community Foundation Inc | General operating support | 2024 | $365,515 |
| Indianapolis Foundation Inc | Capital support for the board. | 2024 | $165,273 |
| American Endowment Foundation | Arts, culture | 2024 | $10,250 |
| American Online Giving Foundation Inc | General support | 2024 | $6,241 |
| Arizona Community Foundation | This award is designated support for the bloom-struck project to support the naming of a bench. please include the following language: everything you can imagine is real pablo picasso dedicated to nancy waymire, who taught us to believe in our dreams. | 2024 | $6,000 |
| Indianapolis Foundation Inc | Charitable contribution | 2023 | $140,316 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $73,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $22,380 |
| National Philanthropic Tr | Religion | 2023 | $22,000 |
| American Endowment Foundation | Arts, culture | 2023 | $20,550 |
| Central Indiana Community Foundation Inc | General operating support | 2023 | $14,820 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $7,500 |
| United Way of Central Indiana Inc | Donor choice | 2023 | $6,099 |
| Lyrasis | Financial assistance | 2023 | $5,000 |
| American Endowment Foundation | Arts, culture | 2022 | $250,600 |
Grants made · $8,000 in FY2022
1 grant totaling $8,000 in FY2022. All grants made by Newfields Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Arts Council of Indianapolis Inc | General operating support | $8,000 |
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Compare Newfields Inc
Frequently asked questions
- Is Newfields Inc a legitimate nonprofit?
- Yes. Newfields Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-0867955, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Newfields Inc's EIN?
- Newfields Inc's Employer Identification Number (EIN) is 35-0867955.
- How much revenue does Newfields Inc report?
- Newfields Inc reported $50,692,742 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Newfields Inc's spending goes to programs?
- Newfields Inc spends about 73% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Newfields Inc have?
- CharityIndex grades Newfields Inc B+, based on program efficiency and fundraising cost.
- How much does Newfields Inc's highest-paid employee make?
- The highest reported compensation on Newfields Inc's latest Form 990 is $537,813, paid to Colette Burnette (Director & Ceo (end 11/2023)).
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Data for Newfields Inc (EIN 35-0867955) 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.