NICHOLAS NEWLIN FOUNDATION

EIN: 231600703 501(c)(3) Philanthropy & Grantmaking

GLEN MILLS, PA

Total Revenue
$2,151,048
Total Expenses
$935,657
Total Assets
$19,488,499
Net Assets
$19,483,361
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
PA
Principal Officer
DAVID FOULKE
Phone
6104592359
Tax Period
2024-01-01 to 2024-12-31

NICHOLAS NEWLIN FOUNDATION, founded in 1960, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 259% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 57% operating margin.

Mission

TO MAINTAIN, PRESERVE, AND OPEN TO THE PUBLIC HISTORIC PROPERTIES AND LAND KNOWN AS NEWLIN MILL PARK FOR THE PUBLIC'S EDUCATION AND ENJOYMENT. THE PARK IS COMPRISED OF 160 ACRES WITH SEVERAL HISTORIC STRUCTURES - INCLUDING A WORKING WATER POWERED GRIST MILL BUILT IN 1704. APPROXIMATELY 48,000 VISITORS A YEAR ENJOY A VARIETY OF ACTIVITIES INCLUDING ENVIRONMENTAL AND HISTORICAL EDUCATION, NATURE TRAILS, FISHING PONDS, BASEBALL DIAMONDS, AND PICNIC AREAS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $138,741
Program Service Revenue $131,831
Investment Income $1,795,844
Other Revenue $84,632
TOTAL REVENUE $2,151,048

Expense Breakdown

Grants Paid $0
Salaries & Benefits $597,344
Fundraising Expenses $103,976
Program Expenses $608,778
Other Expenses $338,313
TOTAL EXPENSES $935,657

Year-over-Year Comparison

2024 2023 Change
Revenue $2,151,048 $598,364 +2.6%
Expenses $935,657 $919,091 +0.0%
Net Income $1,215,391 $-320,727 -4.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
14
Employees
23
Volunteers
107

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$94,697
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY SHAHAN EXECUTIVE DI 40.00
Officer
$94,697 $0 $94,697
JANE ALAVI TRUSTEE 1.00
Director
$0 $0 $0
BEVERLEE BARNES HISTORIAN 1.00
Officer Director
$0 $0 $0
DAVID FOULKE TREASURER 5.00
Officer Director
$0 $0 $0
MARK GENNARO TRUSTEE 1.00
Director
$0 $0 $0
MARK WILLCOX III TRUSTEE 1.00
Director
$0 $0 $0
LUCY BELL JARKA-SELLERS TRUSTEE 1.00
Director
$0 $0 $0
HENRY F THOMPSON JR VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL KNIGHT TRUSTEE 8.50
Director
$0 $0 $0
ROBERT G LITTLE TRUSTEE 1.00
Director
$0 $0 $0
KEVIN MAGERR TRUSTEE 1.00
Director
$0 $0 $0
DIANA MCCARTHY PRESIDENT 1.00
Director
$0 $0 $0
TIM MOORE TRUSTEE 1.00
Director
$0 $0 $0
MARY ALICE PEELING TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM PLUTA SECRETARY 1.00
Officer Director
$0 $0 $0
FRANCES STEAD SELLERS TRUSTEE 5.00
Director
$0 $0 $0
MORTIMER NEWLIN SELLERS CHAIR 3.00
Officer Director
$0 $0 $0
ARTHUR STRAWBRIDGE TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,151,048 $935,657 $19,488,499 $1,215,391
2023 $598,364 $919,091 $18,749,240 $-320,727
2022 $1,853,484 $907,876 $18,493,043 $945,608
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