Newark Betterment Corporation
Newark Betterment Corporation is a publicly-supported organization whose sole purpose is to help fund important community programs. Since its inception in 1994, the Newark Betterment Corporation has provided financial assistance to local cultural, art, music, educational, and social programs that enrich the lives of newark residents.
Newark Betterment Corporation at a glance
In short: Newark Betterment Corporation gave $109K across 6 grants in 2025 (avg $18K), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $108,744
- +59.2% vs 2024
- Grants made (2025)
- 6
- +100.0% vs 2024
- Average grant
- $18,124
- -20.4% vs 2024
- Median grant
- $14,358
- Total assets
- $491,702
- +13.1% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Newark Betterment Corporation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Second Chance ($40K). Together the top 5 received $103K.
Organizations only. It also paid 1 grant to individuals ($6,116), which are not listed by name.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Newark Betterment Corporation gives
- Giving grew 94% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $9K (2023) to $109K (2025). In 2025 it made 6 grants totaling $109K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Second Chance Newark, CA | Assist with general operating expenses of operating a homeless shelter. | $40,000 |
| Avanzando Newark, CA | Dia De Los Muertos Community Event | $28,429 |
| City of Newark Newark, CA | Volunteer Recognition Ceremony recognizing individuals who volunteer with the City as well as in the community. Fishing in the City is a community event for youth between the ages of 5-15. | $22,599 |
| 1 grant to individuals Recipients not named | — | $6,116 |
| Melino Foundation Newark, CA | Christmas event to feed the unhoused community and the residents of the 2nd Chance Shelter which is a homeless shelter. | $6,000 |
| Music for Minors II Fremont, CA | Provides music enrichment programs in elementary schools and provides performance opportunities for the children so they can share their acquired music skills with others and build their self-confidence. | $5,600 |
Ready to take the next step with Newark Betterment Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $491,702 | $194,103 | $130,514 | $108,744 | 6 | $349 |
| 2024 | $434,892 | $181,054 | $115,242 | $68,312 | 3 | $212 |
| 2023 | $382,801 | $189,956 | $81,758 | $9,400 | 1 | $175 |
| 2022 | $274,603 | $81,137 | $73,405 | $56,029 | 2 | $3 |
| 2021 | $312,871 | $175,333 | $86,051 | $30,000 | 1 | $12 |
About Newark Betterment Corporation
Based on IRS filings
Newark Betterment Corporation is a public charity focused on Community Improvement & Capacity Building, based in Newark, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $492K in total assets. In 2025, it awarded 6 grants totaling $109K. Net investment income was $349.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Newark Betterment Corporation is led by David Benoun, President on every filing since 2021; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Benoun
President
On filings since 2021
1 hr/week
No compensation reported
Laurie Gebhard
2nd Vice President
On filings since 2021
1 hr/week
No compensation reported
Michelle Villanueva
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Sheila Harrington
Secretary
On filings since 2021
1 hr/week
No compensation reported
Nicholas Cuevas
1st Vice President
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: David Zehnder (2021–2022) — 1st Vice President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Newark Betterment Corporation
How much does Newark Betterment Corporation give each year?
Newark Betterment Corporation gave $109K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $68K across 3 grants.
What is Newark Betterment Corporation's typical grant size?
Newark Betterment Corporation's median grant in 2025 was $14,358, and its average grant was $18,124, across 6 grants on its 2025 IRS Form 990.
Where does Newark Betterment Corporation give grants?
Newark Betterment Corporation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Newark, CA (4 grants).
Does Newark Betterment Corporation give general operating support?
Yes: 17% of Newark Betterment Corporation's 2025 grants with a stated purpose (1 of 6) were for general or operating support, per its 2025 IRS Form 990.
Who are Newark Betterment Corporation's largest grantees?
Newark Betterment Corporation's largest 2025 grantees include Second Chance ($40,000), Avanzando ($28,429) and City of Newark ($22,599), according to its 2025 IRS Form 990. It also paid 1 grant to individuals ($6,116), which are not listed by name. Together they received 84% of its itemized 2025 grant dollars.
How large is Newark Betterment Corporation?
Newark Betterment Corporation reported $492K in total assets on its 2025 IRS Form 990. Its revenue that year was $194K.
What is Newark Betterment Corporation?
Newark Betterment Corporation is a public charity focused on Community Improvement & Capacity Building, based in Newark, CA. It holds $492K in total assets as of 2025.
What is Newark Betterment Corporation's EIN?
Newark Betterment Corporation's EIN (Employer Identification Number) is 94-3186126. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
Live grants for the work Newark Betterment Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Newark Betterment Corporation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Dohyon Donte Kim Foundation
Pasadena, CA
Assets
$942K
Grants
2
Total Given
$55K
The Marilyn C & H Randall Stoke
Del Mar, CA
Assets
$317K
Grants
5
Total Given
$14K
Michael and Jane Sigmon Family Foundation Inc
Norman, OK
Assets
$2.3M
Grants
8
Total Given
$135K
Lavelle Family Foundation
Pittsburgh, PA
Assets
$4.9M
Grants
8
Total Given
$300K
Every Green Foundation
Santa Monica, CA
Assets
$2.1M
Grants
9
Total Given
$96K
The Gittis Katz Foundation
Bryn Mawr, PA
The Gittis Katz Foundation supports community, medical research, and religious causes, with 2025 grants ranging from $600 to $9,000 and a median of $3,028. Its grants mainly went to organizations in Pennsylvania and Florida, with smaller awards in Minnesota and New Jersey. It gives only to preselected charities and does not accept unsolicited requests.
Assets
$302K
Grants
10
Total Given
$32K
More similar funders
More Funders in California
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Newark Betterment Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Newark Betterment Corporation down — hundreds of funders to go?