Civic Intelligence

Newport City Renaissance Corp

EIN 45-0565353 • 501(c)6 • Newport, VT

Profile

The mission of the newport city renaissance corporation, a private nonprofit organization of business owners, citizens and municipal leaders, is to serve as a catalyst for economic change and community development by 1) advancing and enhancing the economic environment; 2) developing a cohesive and welcoming city design; and 3) promoting the city as a tourism and investment destination.

PO Box 741Newport, VT 05855

www.discovernewportvt.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.85x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

0.86x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

33rd percentile

-8.7%

Higher net margin than 33% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

82nd percentile

23%

Faster asset growth than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

96th percentile

141%

Faster revenue growth than 96% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$438,573

Up $252,242 (+135%) from 2023

Liabilities

Up

$373,390

Up $312,346 (+512%) from 2023

Net Assets

Down

$65,183

Down $60,104 (-48%) from 2023

Revenue

Up

$433,786

Up $368,872 (+568%) from 2023

Expenses

Up

$471,617

Up $398,492 (+545%) from 2023

Net Income

Down

-$37,831

Down $29,620 (-361%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $14,708Liabilities 2011: $3,722Net Assets 2011: $10,9862011Assets 2012: $31,036Liabilities 2012: $20,572Net Assets 2012: $10,4642012Assets 2013: $67,434Liabilities 2013: $45,452Net Assets 2013: $21,9822013Assets 2014: $46,375Liabilities 2014: $21,613Net Assets 2014: $24,7622014Assets 2015: $59,084Liabilities 2015: $11,2732015Assets 2016: $67,009Liabilities 2016: $22,1712016Assets 2017: $57,661Liabilities 2017: $10,386Net Assets 2017: $47,2752017Assets 2018: $86,525Liabilities 2018: $14,963Net Assets 2018: $71,5622018Assets 2019: $86,060Liabilities 2019: $17,915Net Assets 2019: $68,1452019Assets 2020: $98,085Liabilities 2020: $24,756Net Assets 2020: $73,3292020Assets 2021: $132,970Liabilities 2021: $29,758Net Assets 2021: $103,2122021Assets 2022: $179,099Liabilities 2022: $45,601Net Assets 2022: $133,4982022Assets 2023: $186,331Liabilities 2023: $61,044Net Assets 2023: $125,2872023Assets 2025: $438,573Liabilities 2025: $373,390Net Assets 2025: $65,1832025

Highlighted filing

2025

Assets$438,573
Liabilities$373,390
Net Assets$65,183

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $128,504Expenses 2011: $166,361Net Income 2011: -$37,8572011Revenue 2012: $203,577Expenses 2012: $206,705Net Income 2012: -$3,1282012Expenses 2013: $200,3792013Revenue 2014: $123,974Expenses 2014: $121,195Net Income 2014: $2,7792014Revenue 2015: $105,283Expenses 2015: $82,235Net Income 2015: $23,0482015Revenue 2016: $107,544Expenses 2016: $110,517Net Income 2016: -$2,9732016Revenue 2017: $65,816Expenses 2017: $63,377Net Income 2017: $2,4392017Revenue 2018: $55,006Expenses 2018: $30,720Net Income 2018: $24,2862018Revenue 2019: $106,131Expenses 2019: $79,548Net Income 2019: $26,5832019Revenue 2020: $62,713Expenses 2020: $57,529Net Income 2020: $5,1842020Revenue 2021: $106,256Expenses 2021: $76,372Net Income 2021: $29,8842021Revenue 2022: $97,565Expenses 2022: $67,296Net Income 2022: $30,2692022Revenue 2023: $64,914Expenses 2023: $73,125Net Income 2023: -$8,2112023Revenue 2025: $433,786Expenses 2025: $471,617Net Income 2025: -$37,8312025

Highlighted filing

2025

Revenue$433,786
Expenses$471,617
Net Income-$37,831

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$3.73$0.65$4.34$4.72$0.38
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.61$1.25$0.65$0.73$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.46$1.33$0.98$0.67$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.30$1.03$1.06$0.76$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.25$0.73$0.63$0.58$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.18$0.68$1.06$0.80$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.15$0.72$0.55$0.31$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.10$0.47$0.66$0.63$0.02
2016Summary only. Only limited summary data is available for this year.$0.67$0.22$1.08$1.11$0.03
2015Summary only. Only limited summary data is available for this year.$0.59$0.11$1.05$0.82$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.22$0.25$1.24$1.21$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.45$0.22$2.00
2012Summary only. Only limited summary data is available for this year.$0.31$0.21$0.10$2.04$2.07$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.04$0.11$1.29$1.66$0.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$433,786
Mission and Program Overview

Mission

The mission of the newport city renaissance corporation, a private nonprofit organization of business owners, citizens and municipal leaders, is to serve as a catalyst for economic change and community development by 1) advancing and enhancing the economic environment; 2) developing a cohesive and welcoming city design; and 3) promoting the city as a tourism and investment destination.

To advance enhance economic environment design a welcoming downtown and promote Newport Vermont as a destination

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$189,914$258,369▲ $68,455
Cash and Non-Interest-Bearing Accounts$166,972$175,424▲ $8,452
Accounts Receivable-$4,780-
Total Assets$356,886$438,573▲ $81,687
Liabilities
Mortgage Notes Payable Secured by Investment Property$204,233$319,439▲ $115,206
Accounts Payable and Accrued Expenses$49,640$53,951▲ $4,311
Total Liabilities$253,873$373,390▲ $119,517
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$103,013$65,183▼ $37,830
Total Net Assets Fund Balance$103,013$65,183▼ $37,830
Total Liabilities and Net Assets / Fund Balance$356,886$438,573▲ $81,687

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$209,749$9,655$219,404
Land$48,620-$48,620
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarah ChadburnBoard President
Andrea CarbineDirector
David LaforceDirector
Eleanor LegerDirector
Emily SmarttDirector
Terry PaytonDirector
Umair MalikDirector
Scott GrimesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$431,061
Program Service Revenue
$0
Investment Income
$2,725
Other Revenue
$0
All Other Contributions
$262,829
Change in Net Assets
$-37,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$243,160
Salaries, Compensation, and Employee Benefits$123,736
Grants and Similar Amounts Paid$104,721
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$104,721--$104,721
All Other Expenses$66,562--$66,562
Current Officers, Directors, Trustees, and Key Employees$63,844--$63,844
Other Salaries and Wages$50,233--$50,233
Advertising$13,873--$13,873
Information Technology$11,947--$11,947
Payroll Taxes$9,659--$9,659
Conferences and Meetings$7,622--$7,622
Fees for Services Other$6,914--$6,914
Depreciation Depletion$6,844--$6,844
Fees for Services Accounting$6,715--$6,715
Occupancy$6,195--$6,195
Office Expenses$2,479--$2,479
Insurance$2,088--$2,088
Other Expenses$1,205--$1,205
Total Functional Expenses$471,617$0$0$471,617
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

Form 990 is reviewed by the board of directors before

Part VI Line 11B

FILING

Part VI Line 19

Documents are available to the public upon request.

Part VI, Line 11B

Form 990 is reviewed by the Board of Directors before filing.

Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Newport City Renaissance Corp
EIN
45-0565353
In Care Of
% SARAH CHADBURN
Phone
8023340599
Address
PO BOX 741, Newport, VT 05855

Signing Officer

Name
Sarah Chadburn
Title
President
Phone
8023340599
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Chadburn
Formed
2007
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Integrity Tax & Accounting
Address
155 Duchess Avenue, NEWPORT, VT 05855
Preparer
Julie R Anderson
Phone
8026735750
Supplemental Narrative

Additional Explanations

Part IX Line 24E

VT COUNCIL OF ARTS EXPENS Total expenses - $15189.00 Program service expenses - $15189.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

SYMPOSIUM EXPENSE Total expenses - $2504.00 Program service expenses - $2504.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

TTERM EXPENSE Total expenses - $39968.00 Program service expenses - $39968.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

MISC EXPENSE Total expenses - $8901.00 Program service expenses - $8901.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part XI Line 9

ROUNDING DIFFERENCE

Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ReconcilationRevenueExpnssAmt0-37831
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0177492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0598793
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02725
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02137
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04862
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0177492
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0598793
IRS990ScheduleA/TotalSupportAmt0603655
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt09655
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0219404
IRS990ScheduleD/LandGrp/BookValueAmt048620
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt048620
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VT COUNCIL OF ARTS EXPENS Total expenses - $15189.00 Program service expenses - $15189.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SYMPOSIUM EXPENSE Total expenses - $2504.00 Program service expenses - $2504.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TTERM EXPENSE Total expenses - $39968.00 Program service expenses - $39968.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISC EXPENSE Total expenses - $8901.00 Program service expenses - $8901.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING DIFFERENCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Form 990 is reviewed by the Board of Directors before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part XI Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VI, Line 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0471617
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0253873
IRS990/TotalLiabilitiesEOYAmt0373390
IRS990/TotalLiabilitiesGrp/BOYAmt0253873
IRS990/TotalLiabilitiesGrp/EOYAmt0373390
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103013
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt065183
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02725
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0433786
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0356886
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0438573
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 741
IRS990/USAddress/CityNm0NEWPORT
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005855
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH CHADBURN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08023340599
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWPORT CITY RENAISSANCE CORP
ReturnHeader/Filer/BusinessNameControlTxt0NEWP
ReturnHeader/Filer/EIN0450565353
ReturnHeader/Filer/InCareOfNm0% SARAH CHADBURN
ReturnHeader/Filer/PhoneNum08023340599
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 741
ReturnHeader/Filer/USAddress/CityNm0Newport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005855
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0853974615
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0INTEGRITY TAX & ACCOUNTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 Duchess Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005855
ReturnHeader/PreparerPersonGrp/PhoneNum08026735750
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE R ANDERSON
ReturnHeader/ReturnTs02025-11-07T13:44:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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