Civic Intelligence

Newark Development Partners

990 • Fiscal year 2016 • EIN 46-1551173

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

PO Box 3500Newark, OH 43058-3500

(740) 349-3774

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.17x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.12x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

97th percentile

78%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

99th percentile

407%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

155%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,524,200

Up $1,223,608 (+407%) from 2015

Net Assets

Up

$1,267,163

Up $1,648,807 (+432%) from 2015

Liabilities

Down

$257,037

Down $425,199 (-62%) from 2015

Revenue

Up

$2,112,141

Up $1,282,599 (+155%) from 2015

Expenses

Down

$463,333

Down $794,928 (-63%) from 2015

Net Income

Up

$1,648,808

Up $2,077,527 (+485%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2013: $21,327Liabilities 2013: $2,354Net Assets 2013: $18,9732013Assets 2014: $49,506Liabilities 2014: $2,431Net Assets 2014: $47,0752014Assets 2015: $300,592Liabilities 2015: $682,236Net Assets 2015: -$381,6442015Assets 2016: $1,524,200Liabilities 2016: $257,037Net Assets 2016: $1,267,1632016Assets 2017: $1,654,488Liabilities 2017: $183,034Net Assets 2017: $1,471,4542017Assets 2018: $1,917,046Liabilities 2018: $121,806Net Assets 2018: $1,795,2402018Assets 2019: $2,124,932Liabilities 2019: $69,579Net Assets 2019: $2,055,3532019Assets 2020: $4,549,931Liabilities 2020: $16,516Net Assets 2020: $4,533,4152020Assets 2021: $11,575,010Liabilities 2021: $52,364Net Assets 2021: $11,522,6462021Assets 2022: $12,379,098Liabilities 2022: $663,651Net Assets 2022: $11,715,4472022Assets 2023: $14,486,412Liabilities 2023: $663,862Net Assets 2023: $13,822,5502023Assets 2024: $18,499,321Liabilities 2024: $3,389,515Net Assets 2024: $15,109,8062024

Highlighted filing

2016

Assets$1,524,200
Liabilities$257,037
Net Assets$1,267,163

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $88,565Expenses 2013: $69,592Net Income 2013: $18,9732013Revenue 2014: $173,124Expenses 2014: $145,022Net Income 2014: $28,1022014Revenue 2015: $829,542Expenses 2015: $1,258,261Net Income 2015: -$428,7192015Revenue 2016: $2,112,141Expenses 2016: $463,333Net Income 2016: $1,648,8082016Revenue 2017: $240,745Expenses 2017: $304,204Net Income 2017: -$63,4592017Revenue 2018: $585,325Expenses 2018: $261,539Net Income 2018: $323,7862018Revenue 2019: $760,650Expenses 2019: $500,537Net Income 2019: $260,1132019Revenue 2020: $2,811,099Expenses 2020: $333,037Net Income 2020: $2,478,0622020Revenue 2021: $7,291,964Expenses 2021: $302,733Net Income 2021: $6,989,2312021Revenue 2022: $866,644Expenses 2022: $715,760Net Income 2022: $150,8842022Revenue 2023: $3,300,746Expenses 2023: $1,193,643Net Income 2023: $2,107,1032023Revenue 2024: $2,058,190Expenses 2024: $770,934Net Income 2024: $1,287,2562024

Highlighted filing

2016

Revenue$2,112,141
Expenses$463,333
Net Income$1,648,808
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$2,112,141
Mission and Program Overview

Mission

To lessen the burdens of city government and to alleviate poverty in the local area by incentivizing investments in the city of newark, ohio, in order to promote and sustain economic development, create jobs and further improve the business, industrial and residential living areas of the city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$-381,644$1,267,163▲ $1,648,807
Land, Buildings, and Equipment, Net$0$950,740▲ $950,740
Other Notes and Loans Receivable, Net-$366,675-
Cash and Non-Interest-Bearing Accounts$77,524$206,785▲ $129,261
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$300,592$1,524,200▲ $1,223,608
Other Assets Total$223,068$0▼ $223,068
Liabilities
Unsecured Notes Loans Payable$680,421$255,147▼ $425,274
Accounts Payable and Accrued Expenses$1,815$1,890▲ $75
Total Liabilities$682,236$257,037▼ $425,199
Net Assets / Fund Balance
Total Net Assets Fund Balance$-381,644$1,267,163▲ $1,648,807
Total Liabilities and Net Assets / Fund Balance$300,592$1,524,200▲ $1,223,608

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$794,000-$794,000
Land$156,000-$156,000
Other Land Buildings$740-$740
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel DelawderChairman
Jerry McclainVice Chairman
Andrew MorrisonDirector
Brian MoreheadDirector
Mark MauterDirector
Mary AlbrightDirector
Noble SnowDirector
Steve LaymanDirector
Cheri HottingerSecretary
David RhodesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,040,990
Program Service Revenue
$0
Investment Income
$11,130
Other Revenue
$60,021
All Other Contributions
$1,934,802
Change in Net Assets
$1,648,808

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$950,000Appraisal
Total Noncash Contributions1$950,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$274,342
Other Expenses$97,974
Salaries, Compensation, and Employee Benefits$91,017
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$274,342--$274,342
Current Officers, Directors, Trustees, and Key Employees$84,375--$84,375
Interest$12,251--$12,251
Fees for Services Accounting-$7,020-$7,020
Payroll Taxes$6,642--$6,642
Office Expenses-$5,019-$5,019
Advertising$3,200--$3,200
Other Expenses$2,533$3,245-$2,533
All Other Expenses$1,988$307-$2,295
Insurance-$1,698-$1,698
Travel$1,118--$1,118
Fees for Services Legal$774--$774
Total Functional Expenses$446,044$17,289$0$463,333
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Canal Market District and Entereprise HubNewark, OH501(c)3DEVELOPMENT AND CONSTRUCTION OF FARMERS' MARKET PROJECT-
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
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

The organization has agreed to provide economic development services within the city in which the organization is located. Directors of the organization are also employess of the city newark.

Form 990, Part VI, Section B, line 11B

The form 990 is reviewed by the directors prior to its being filed.

Form 990, Part VI, Section B, line 12C

Annual inquiries are made of board members for potential conflicts of interest.

Form 990, Part VI, Section B, line 15

Executive director's compensation is determined by organization's executive committee based upon performance and evaluations.

Form 990, Part VI, Section C, line 19

Documents are available upon request from the licking county chamber of commerce.

Filing and Contact Details

Filer

Filer Name
Newark Development Partners
EIN
46-1551173
Phone
7403493774
Address
PO BOX 3500, NEWARK, OH 43058-3500

Signing Officer

Name
Cheri L Hottinger
Title
Secretary
Phone
7403453431
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheri L Hottinger
Formed
2012
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
0

Preparer

Firm
Wilson Shannon & Snow Inc
Address
TEN WEST LOCUST STREET, NEWARK, OH 43055
Preparer
Noble B Snowiiicpa
Phone
7403456611
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0173124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt087391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03127886
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86710
IRS990ScheduleA/PublicSupportTotal170Amt02712294
IRS990ScheduleA/SubstantialContributorsTotAmt0415592
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02040990
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0826381
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0173124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt087391
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03127886
IRS990ScheduleA/TotalSupportAmt03127886
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0794000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0794000
IRS990ScheduleD/LandGrp/BookValueAmt0156000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0156000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0740
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0740
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0950740
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEVELOPMENT AND CONSTRUCTION OF FARMERS' MARKET PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CANAL MARKET DISTRICT AND ENTEREPRISE HUB
IRS990ScheduleI/RecipientTable/RecipientEIN0473293365
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt025 EAST WALNUT STREET PO BOX 4217
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEWARK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0430584217
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0950000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AGREED TO PROVIDE ECONOMIC DEVELOPMENT SERVICES WITHIN THE CITY IN WHICH THE ORGANIZATION IS LOCATED. DIRECTORS OF THE ORGANIZATION ARE ALSO EMPLOYESS OF THE CITY NEWARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE DIRECTORS PRIOR TO ITS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL INQUIRIES ARE MADE OF BOARD MEMBERS FOR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY ORGANIZATION'S EXECUTIVE COMMITTEE BASED UPON PERFORMANCE AND EVALUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE LICKING COUNTY CHAMBER OF COMMERCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt04082 LTD
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1NDP-195 UNION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0461551173
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1461234567
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0366675
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1950000
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0INVESTMENT HOLDINGS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1CORPORATE OFFICE AND COMMERCIAL RENTALS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt011130
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 3500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1PO BOX 3500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEWARK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1NEWARK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0430583500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd1430583500
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0300592
IRS990/TotalAssetsEOYAmt01524200
IRS990/TotalAssetsGrp/BOYAmt0300592
IRS990/TotalAssetsGrp/EOYAmt01524200
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02040990
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017289
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0446044
IRS990/TotalFunctionalExpensesGrp/TotalAmt0463333
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0682236
IRS990/TotalLiabilitiesEOYAmt0257037
IRS990/TotalLiabilitiesGrp/BOYAmt0682236
IRS990/TotalLiabilitiesGrp/EOYAmt0257037
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-381644
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01267163
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0446044
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt071151
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02112141
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0300592
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01524200
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01118
IRS990/TravelGrp/TotalAmt01118
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0680421
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0255147
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 WEST LOCUST STREET
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043055
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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