Overview
What is Newell Brands Community Fund Inc?
Newell Brands Community Fund Inc is an employee-funded charitable organization, based within various Newell Brands Inc. offices across California, Florida, Tennessee, Missouri, and New York. The nonprofit's purpose is to distribute monetary grants to qualified charitable organizations within the communities where Newell Brands employees reside, work, and care for their families. In 2019, the fund raised a total of $367,862, with a 100% matching contribution of $183,931 from Newell Brands Inc. The fund's employee committees determine which agencies receive funding, having supported 50 organizations across more than 10 counties in the aforementioned states in 2019. In 2020, the focus shifted towards local community development programs, specifically aiding at-risk youth, women, children, low-income families, and local food programs.
Is Newell Brands Community Fund Inc legitimate?
Newell Brands Community Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newell Brands Community Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Newell Brands Community Fund Inc?
The Newell Brands Community Fund is an employees-funded charitable organization that provides monetary grants to qualified charitable organizations in the communities where Newell Brands employees reside, work, and care for their families. Through annual campaigns and employee-led committees, the fund distributes funds to organizations that support various causes, including at-risk youth, women, children, low-income families, and local food programs. The primary goal of the Newell Brands Community Fund is to contribute to the betterment of these communities by providing financial support to deserving organizations.
Who is the CEO of Newell Brands Community Fund Inc?
David Hammer is the Division Ceo - A&C of Newell Brands Community Fund Inc.
What is the revenue of Newell Brands Community Fund Inc?
Newell Brands Community Fund Inc's revenue in 2020 was $367,862.
Who are the executives of Newell Brands Community Fund Inc and what are their salaries?
Where can I find the form 990 for Newell Brands Community Fund Inc?
Newell Brands Community Fund Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Newell Brands Community Fund Inc
Newell Brands Community Fund Inc, an employee-funded charitable organization, is dedicated to providing monetary grants to qualified charitable organizations within the communities where Newell Brands employees reside, work, and care for their families. This philanthropic entity aims to support a variety of causes by distributing funds to approved grant applicants, contributing to the betterment of numerous communities across various regions.
The mission of Newell Brands Community Fund Inc is twofold. Firstly, it serves as a platform for employees to give back to their local communities by contributing to deserving charitable organizations. Secondly, it ensures that these funds are allocated to worthy causes, overseen by employee-led committees situated in Newell Brands Inc's offices across various states. These committees play a crucial role in determining which organizations receive funding, ensuring that the contributions made by the fund have a significant impact on the communities they serve.
The focus of Newell Brands Community Fund Inc's grants is on supporting at-risk youth, women, children, low-income families, and local food programs. By providing financial assistance to these organizations, the fund seeks to contribute to the overall well-being and development of these communities, ultimately making a positive impact on the lives of those in need. In doing so, Newell Brands Community Fund Inc embodies the spirit of corporate social responsibility, demonstrating a commitment to giving back to the communities that support its employees and business.
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Impact
October, 2024
Newell Brands Community Fund Inc actively contributes to the betterment of communities by providing monetary grants to qualified charitable organizations. Based on the contributions of its employees, this initiative fosters a culture of philanthropy and community engagement among Newell Brands staff. In 2019 alone, the fund raised a total of $367,862, which included a matching contribution from Newell Brands Inc, amplifying the impact of employee donations.
The fund strategically supports a diverse range of agencies—over 50 organizations across multiple states such as California, Florida, Mississippi, Missouri, and Tennessee—ensuring that assistance reaches areas where employees live and work. The focus of funding has included local development programs targeting at-risk youth, women, children, low-income families, and food support initiatives, all aimed at nurturing and uplifting vulnerable populations.
By empowering employee committees at its various offices to decide on funding allocations, Newell Brands Community Fund Inc ensures that the needs of specific communities are met effectively and meaningfully. This employee-driven approach not only strengthens local charities but fosters a sense of unity and purpose within the workforce, enhancing the overall impact of their philanthropic efforts.
This information is meant to be a general summary of Newell Brands Community Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Gross Receipts: $367,862
Assets and Liabilities:
- Total Assets: $172,865
- Total Liabilities: $113,717
- Net Assets: $59,148
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Organization Details
Founding Year
2004
Phone
(561) 912-4100Principal Officer
David Hammer
Main Address
2381 EXECUTIVE CENTER DRIVE, BOCA RATON, FL, 334318560
NTEE Category
Code: T21 - Philanthropy
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