Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Newbern Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3570 Hershberger Road NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Roanoke, VA240171834
A Employer identification number

54-2016695
B Telephone number (see instructions)

C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$2,801,416J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 50,393
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 79,040    
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-122,622
b Gross sales price for all assets on line 6a 1,037,490
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 6,811 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,250      
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
6,851      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
75      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,176 0   0
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 10,176 0   0
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,365
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 21,842 19,576 19,576
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,392,547 Click to see attachment
List of Attached Documents:
// Content
2,781,840 		2,781,840
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,414,389 2,801,416 2,801,416
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,414,389 2,801,416
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,414,389 2,801,416
30 Total liabilities and net assets/fund balances (see instructions). 2,414,389 2,801,416
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,414,389
2
Enter amount from Part I, line 27a .....................
2
-3,365
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
390,392
4
Add lines 1, 2, and 3 ..........................
4
2,801,416
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,801,416
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 0
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
 
No
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
 
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
 
No
Website addressright arrow  
14
The books are in care ofright arrowJess Newbern III Telephone no.right arrow (540) 777-2020

Located atright arrow3570 Hershberger Road NWRoanokeVA ZIP+4right arrow240171834
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
No
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Jess Newbern III President and Treasurer
2.00 		0 0 0
3570 Hershberger Road NW
Roanoke,VA240171834
J Cason Newbern VP and Secretary
0.00 		0 0 0
314 Coventry Lane
Roanoke,VA24014
Kelly Newbern Van Aken VP
0.00 		0 0 0
1838 Arden Road
Roanoke,VA24015
L Brook Newbern Roncinske VP
0.00 		0 0 0
1221 Valley Road
South Hill,VA23970
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NA 10,173
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NA 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
2,587,194
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
20,709
d
Total (add lines 1a, b, and c).........................
1d
2,607,903
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,607,903
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
39,119
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,568,784
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
128,439
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
128,439
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
128,439
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
128,439
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
128,439
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
0
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
 
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 128,439
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2017, 2018, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		128,439
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Jess Newbern III
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
None
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Jess Newbern III
3570 Hershberger Road
Roanoke,VA24017
(540) 777-2020
bThe form in which applications should be submitted and information and materials they should include:
Call for application
cAny submission deadlines:
March 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
ADULT CARE CENTER OF ROANOKE


2321 ROANOKE BLVD
Salem,VA24153 		NA PC ELDER CARE 1,500
ALZHEIMERS ASSOC


3659 ELECTRIC ROAD
Roanoke,VA24018 		NA PC MEDICAL RESEARCH 500
ALZHEIMERS OF FLORIDA


225 N MICHIGAN AV
Chicago,IL60601 		NA PC MEDICAL RESEARCH 500
Alexander-Tharpe Fund at GA Tech


150 BOBBY DODD WAY NW
Atlanta,GA30332 		GRADUATE PC Higher Education General Fund 10,000
AI MUSEUM OF HISTORY


427 SMITH AV
Tuscaloosa,AL35487 		NA PC CULTURE 500
American Red Cross


352 CHURCH AV SE
Roanoke,VA24016 		NA PC MEDICAL RESEARCH 1,000
Apple Ridge Farm


540 LUCK AVE
Roanoke,VA24016 		NA PC CHILDRENS CAMP 1,000
ARK OF MASSAU


86051
Yulee,FL32097 		NA PC Serve adults with developmental disabilities 500
ASHBROOK CENTER


401 COLLEGE AVE
Ashland,OH44805 		NA PC YOUTH EDUCATION 500
BARNABAS


1303 JASMINE ST
Fernandina Beach,FL32034 		NA PC Assist for loss of employmenthealth inscrises 1,000
Big BrothersBig Sisters


124 WELLS AV NW
Blacksburg,VA24060 		NA PC Helping children reach their potential 1,000
Big BrothersBig Sisters FL


123 WEST BLOOMINGDALE AV
Brandon,FL33511 		NA PC Helping children reach their potential 1,000
Boy Scouts of America


PO BOX 7606
Roanoke,VA24019 		NA PC Provides assurance of top quality experiences 2,000
Boys Girls Club


3570 HERSHBERGER RD
Roanoke,VA24017 		NA PC Funding for members for dentist & free treatment 1,000
CAMP ALTA MONS


ALLEGHANY SPRINGS ROAD
Shawsville,VA24162 		NA PC YOUTH CAMP SCHOLARSHIPS 500
CCDF-USA


NASSAU COUNTY
Fernandina Beach,FL32034 		NA PC PUBLIC EDUCATION 1,000
CARILION CLINIC FOUNDATION


RESERVE AVE
Roanoke,VA24016 		NA PF MEDICAL RESEARCH 5,000
CATO INSTITUTE


1000 MASSECHUSETTS AVE
Washington,DC20001 		NA PF PUBLIC EDUCATION 500
CENTER IN THE SQUARE


1 MARKET PLACE
Roanoke,VA24011 		NA PC Promotion of the arts in Southwest VA 1,000
Clare Boothe Luce Policy Institute


112 ELDEN ST
Herndon,VA20170 		NA PC Support for young American women 1,500
CORNERSTONE CLASSICAL ACADEMY


1928 Loch Haven Dr
Roanoke,VA24019 		NA PC CHILDRENS EDUCATION 1,000
DISABLED AMERICAN VETERANS


PO BOX 145525
Cincinnati,OH45250 		NA PC SUPPORT DISABLED VETERANS 1,000
DAVID HOROWITZ FREEDOM CENTER


PO BOX 55089
Van Nuys,CA91499 		NA PC PROVIDE MEDIA EDUCATION 1,000
8 Flags Playscapes


PO BOX 15158
Fernandina Beach,FL32035 		NA PC Community org building recreational spaces 500
Faith Christian School


3585 BUCK MOUNTAIN ROAD
Roanoke,VA24018 		NA POF FEED HUNGRY STUDENTS 100
FEEDING AMERICA


1025 Electric Rd
Salem,VA24153 		NA PC FEEDING THE POOR 1,000
First Tee of Roanoke


3707 DENDMORE RD
Roanoke,VA24017 		NA PC Equip young people with importance for life 1,000
FIRST UNITED METHODIST


1400 NORWICH ST
Brunswick,GA31520 		NA PC CHURCH 500
FIRST UNITED METODIST


1401 MAPLE ST
Griffin,GA30224 		NA PC CHURCH 500
FISHER HOUSE FOUNDATION


111 ROCKVILLE PIKE
Rockville,MD20850 		NA PF MILITARY FAMILY SUPPORT 1,000
FOLDS OF HONOR


5971 N PATRIOT DR
Owasso,OK74055 		NA PC MILITARY FAMILY SCHOLARSHIPS 1,000
5 POINTS MUSIC FOUNDATION


1217 MAPLE AVE
Roanoke,VA24016 		NA PF SMALL MUSIC VENUE 500
Friends of the Blue Ridge Parkway


po bOX 20986
Roanoke,VA24018 		NA PC PRESERVE THE BLUE RIDGE PARKWAY 500
Georgia Tech Roll Call


190 NORTH AV
Atlanta,GA30313 		GRADUATE PC SCHOLARSHIPS 1,000
Gratitude America


PO BOX 16956
Fernandina Beach,FL32035 		NA PC Support for military members returning to civilian 1,000
Habitat for Humanity


1150 CLEVELAND ST
Clearwater,FL33755 		NA PC Support for eliminating poverty housing 1,000
HEALING STRIDES


672 NAFF ROAD
Boones Mill,VA24065 		NA PC Equine Assisted Activities and Therapy Program 1,000
Heritage Foundation


214 Massachusetts AVE NE
Washington,DC20002 		NA PC Free enterprise limited govt individual freedom 1,000
HEROBOX


PO BOX 287
Wellborn,TX77881 		NA PC ASSIST MILITARY AND FAMILIES 500
Hillsdale College


33 East College Street
Hillsdale,MI49242 		NA PC Admission solely on merit free of govt regulation 1,500
HOPETREE FAMILY SERVICES


860 Mt Vernon Ln
Salem,VA24153 		NA PC SUPPORT FOSTER AND HANDICAPPED CHILDREN 500
INSTUTITE OF HUMANE STUDIES


3434 WASHINGTON AVE
Arlington,VA22201 		NA PC promote the teaching and research of liberty 500
JUDICIAL WATCH


425 Third Street SW
Washington,DC20024 		NA PC Accountability and integrity in law politics and 1,500
Junior Achievement


3433 Brambleton Ave SW
Roanoke,VA24018 		NA PC Assist teens overwhelmed by finances & careers 1,000
K9 for Warriors


114 Camp K9 Road
Ponte Vedra,FL32081 		NA PC Provide service K9s to warriors suffering injuries 1,000
Lake Country Detachment


PO Box 642
Bracey,VA23919 		NA PC Community service programs & scholarship program 500
LEADERSHIP INSTITUTE


1101 N Highland St
Arlington,VA22201 		NA PC Teaches conservatives of all ages how to succeed 1,000
LISHYS GIFT


2702 DEERFIELD ST
Roanoke,VA24018 		NA PC Providing comfort and improving the quality of lif 500
MILITARY MISSIONS IN ACTION


411 N Judd Pkwy NE
Fuquay Varina,NC27526 		NA PC Assisting veterans in need 1,000
MILITARY ORDER OF THE PURPLE HEART


5413-B BACKLICK RD
Springfield,VA22151 		NA PC ASSISTING MILITARY FAMILIES THAT HAVE PASSED 500
Micahs Place FL


PO Box 16287
Fernandina Beach,FL32035 		NA PC Services to survivors assisted by Micahs Place 500
Mill Mountain Theatre


1 Market Square SE 2nd Floor
Roanoke,VA24011 		NA PC Promotion of live theatre in SW VA 500
Mill Mountain Zoo


PO Box 13484
Roanoke,VA24034 		NA PC To advance the zoo & provide care for its animals 1,000
NASSAU COUNTY COUNCIL ON AGING


1901 Island Walkway
Fernandina Beach,FL32034 		NA PC ASSIST AGING CITIZENS 1,000
NASSAU HUMANE SOCIETY


639 Airport Rd
Fernandina Beach,FL32034 		NA PC ASSIST THE ANIMAL SHELTER 1,000
NCSO CHARITIES


77151 Citizens Circle
Yulee,FL32097 		NA PC ASSIST THE SHERIFFS OFFICE PERSONEL 500
NATIONAL DDAY MEMORIAL


3 OVERLORD CIRCLE
Bedford,VA24523 		NA PC SUPPORT THE D-DAY MEMORIAL 500
National Military Family Assn


2500 North Van Dorn Street
Alexandria,VA22302 		NA PC Support for military families 1,000
National Multiple Sclerosis Society


One Morton Drive Suite 106
Charlottesville,VA22903 		NA PC Help fuel MS research 1,000
NAVY SEAL FOUNDATION


1619 D Street
Virginia Beach,VA23459 		NA PC SUPPORT NAVY SEALS 1,400
Operation Gratitude


16444 Refugio Road
Encino,CA91436 		NA PC Send care packages to deployed service men & women 1,500
PARTNERSHIP FOR COMMUNITY WELLNESS


2720 Liberty Rd NW
Roanoke,VA24012 		NA PC Help people find services 500
PAWS 4 LIBERTY


8939 Palomino Dr
Lake Worth,FL33467 		NA PC PROVIDE MILITARY WITH SERVICE DOGS 1,000
PRAGER UNIVERSITY


15021 Ventura Blvd 552
Sherman Oaks,CA91403 		NA PC Advocacy group and media organization 1,000
PUPPIES BEHIND BARS


263 W 38th St 4E
New York,NY10018 		NA PC PROVIDE INCARCIATED SERVICE DOGS 1,000
Rescue Mission


PO Box 11525
Roanoke,VA24022 		NA PC Support for those in need 500
Roanoke College


221 College Lane
Salem,VA24153 		NA PC Support for the Newbern Academic Scholarship 1,000
ROANOKE AREA MINISTRIES


824 Campbell Ave SW
Roanoke,VA24016 		NA PC SUPPORT LOCAL HOMELESS 500
Roanoke Valley Christian Church


3620 Hershberger Road
Roanoke,VA24017 		NA PC Supporting domestic missions 1,000
Salvation Army Roanoke Chapter


PO Box 12088
Roanoke,VA24022 		NA PC Support for those in need 1,000
SPCA OF ROANOKE


1340 Baldwin Ave NE
Roanoke,VA24012 		NA PC SUPPORT THE ANIMAL SHELTER 500
Starting Point


3330 Hollins Rd NE C
Roanoke,VA24012 		NA PC Funding for mental health addiction services 500
STONE RIDGE FOUNDATION


980 WARDS AVENUE
Altavista,VA24517 		NA PC VETERAN ASSISTANCE 500
TAKE STOCK IN CHILDREN OF NASSAU


516 S 10th St Suite 119
Fernandina Beach,FL32034 		NA PC ASSISTING CHILDREN OF NASSAU COUNTY 1,000
Taubman Museum of Art


110 SALEM AVE SE
Roanoke,VA24011 		NA PC Benefit the museums educational initiatives 1,000
THE FAMILY FOUNDATION


3060 Harrodsburg Rd Second Floor
Lexington,KY40503 		NA PC ASSISTING THE FAMILY 1,000
THE US CONSTITUTION SCHOLARSHIP


1417 Sadler Rd
Fernandina Beach,FL32034 		NA PC Dedicated to knowledge of US Constitution 500
Thomas Jefferson Institute


9035 Golden Sunset Lane
Springfield,VA22153 		NA PC Political action committee 500
Tunnel to Towers Foundation


2361 Hylan Blvd
Staten Island,NY10306 		NA PC Support First Responders and Military 1,000
Turning Point


1340 Baldwin Ave NE
Roanoke,VA24012 		NA PC survivors learn about the cycle of domestic violen 1,000
United Way


40 E Adams St 200
Jacksonville,FL32202 		NA PC General support for community betterment 10,000
USO


PO Box 96860
Washington,DC20077 		NA PC Support for men & women of Armed Forces & families 1,000
VA Western Educational Foundation


3094 Colonial Avenue
Roanoke,VA24015 		NA PC Assists students in and out of the classroom 1,000
VFW


4930 Grandview Ave NW
Roanoke,VA24012 		NA PC SUPPORT FOR VETERANS 1,000
VSHL EDUCATIONAL FUND


1642 State Farm Blvd
Charlottesville,VA22911 		NA PC SUPPORT THE VA HIGH SCHOOL STUDENTS 500
WE Skelton 4H Center


775 HERMITAGE ROAD
Wirtz,VA24184 		NA PC Support for youth education & recreation 1,000
WESLEYAN COLLEGE


4760 Forsyth Rd
Macon,GA31210 		NA PC SCHOLORSHIPS 1,000
WEST END CENTER


1223 Patterson Ave SW
Roanoke,VA24016 		NA PC ASSIST UNDERPRIVLIDGED YOUTH 500
WOUNDED WARRIOR PROJECT


4899 Belfort Road Suite 300
Jacksonville,FL32256 		NA PC SUPPORT WOUNDED VETERANS 1,000
Young American for Liberty


500 N Capital of TX Highway
Austin,TX78746 		NA PC Promotes Youth 500
Young Life Botetourt


6032 Cloverdale Rd
Roanoke,VA24019 		NA PC Adult leaders teaching adolescents values 500
Young Life Roanoke Valley


5401 Fallowater Ln D
Roanoke,VA24019 		NA PC Adult leaders teaching adolescents values 500
Young Life of Salem


PO Box 546
Salem,VA24153 		NA PC Adult leaders teaching adolescents values 500
Total .................................right arrow 3a 100,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory     14    
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..      
13Total. Add line 12, columns (b), (d), and (e)..................
13
 
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
The Newbern Foundation
 
Employer identification number

54-2016695
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The Newbern Foundation
  		Employer identification number
54-2016695
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Jess Newbern
3570 Hershberger Road
 
Roanoke, VA24017

$ 50,393


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The Newbern Foundation
  		Employer identification number

54-2016695
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Newbern Foundation
  		Employer identification number

54-2016695
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
The Newbern Foundation
EIN:
54-2016695
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 3,250 0 0 0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 GainLossSaleOtherAssetsSch
Name:
The Newbern Foundation
EIN:
54-2016695
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
ABBEY CAPITAL FUTURES 2022-12 PURCHASE 2023-11 MARKET 8,992 9,204   0 -212 0
NORTHPOINT BANK 2023-05 PURCHASE 2023-08 MARKET 50,000 50,000   0 0 0
ABBEY CAPITAL FUTURES 2022-05 PURCHASE 2023-11 MARKET 59,043 68,000   0 -8,957 0
PIMCO COMMODITY 2023-01 PURCHASE 2023-08 MARKET 53,631 60,578   0 -6,947 0
NEXSTAR MEDIA GROUP 2020-09 PURCHASE 2023-09 MARKET 6,840 4,701   0 2,139 0
VIRTUS ALTERNATIVE SOLUTIONS 2023-07 PURCHASE 2023-12 MARKET 54,554 74,923   0 -20,369 0
NORTHPOINTE BANK 2023-08 PURCHASE 2023-12 MARKET 50,000 50,000   0 0 0
GOLDMAN SACHS 2002-01 PURCHASE 2023-11 MARKET 44,483 44,483   0 0 0
GOLDMAN SACHS 2022-12 PURCHASE 2023-12 MARKET 163,000 163,000   0 0 0
PIMCO COMMODITY 2022-01 PURCHASE 2023-08 MARKET 193,323 283,467   0 -90,144 0
GOLDMAN SACHS 2023-01 PURCHASE 2023-11 MARKET 67,597 67,597   0 0 0
SANDANDER BANK 2023-07 PURCHASE 2023-10 MARKET 50,000 50,000   0 0 0
WESTERN ALLIANCE BANK 2023-07 PURCHASE 2023-10 MARKET 50,000 50,000   0 0 0
BLACKROCK INC 2022-01 PURCHASE 2023-01 MARKET 26,661 26,379   0 282 0
VERALTO 2022-01 PURCHASE 2023-10 MARKET 11,624 17,243   0 -5,619 0
MERCHANTS BANK 2023-06 PURCHASE 2023-09 MARKET 50,000 50,000   0 0 0
LORD ABBETT INVT TR 2022-04 PURCHASE 2023-11 MARKET 1,500 1,543   0 -43 0
BLACKSTONE GROUP 2023-02 PURCHASE 2023-08 MARKET 54,384 52,227   0 2,157 0
ISHARES CORE SP 2022-01 PURCHASE 2023-05 MARKET 41,843 36,763   0 5,080 0
KENVUE INC 2004-06 PURCHASE 2023-08 MARKET 15 4   0 11 0

TY 2023 InvestmentsCorpStockSchedule
Name:
The Newbern Foundation
EIN:
54-2016695
Name of Stock End of Year Book Value End of Year Fair Market Value
Wells Fargo 8428-4857 2,373,915 2,373,915
Wells Fargo 6773-9040 407,925 407,925

TY 2023 OtherIncreasesSchedule
Name:
The Newbern Foundation
EIN:
54-2016695
Description Amount
Portfolio Value Increase 387,027
Net Loss 3,365


TY 2023 OtherProfessionalFeesSchedule
Name:
The Newbern Foundation
EIN:
54-2016695
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Advisor Fees 6773-9040 1,043 0 0 0
Advisor Fees 8428-4857 5,808 0 0 0


TY 2023 SubstantialContributorsSch
Name:
The Newbern Foundation
EIN:
54-2016695
Name Address
Jess Newbern 2600 S Fletcher Ave
Fernandina Beach,FL32034


TY 2023 TaxesSchedule
Name:
The Newbern Foundation
EIN:
54-2016695
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes Paid 75 0 0 0