Civic Intelligence

Newark Development Partners

990 • Fiscal year 2018 • EIN 46-1551173

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 30, 2019

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

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.21x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

143%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,917,046

Up $262,558 (+16%) from 2017

Net Assets

Up

$1,795,240

Up $323,786 (+22%) from 2017

Liabilities

Down

$121,806

Down $61,228 (-33%) from 2017

Revenue

Up

$585,325

Up $344,580 (+143%) from 2017

Expenses

Down

$261,539

Down $42,665 (-14%) from 2017

Net Income

Up

$323,786

Up $387,245 (+610%) from 2017

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

2018

Assets$1,917,046
Liabilities$121,806
Net Assets$1,795,240

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

2018

Revenue$585,325
Expenses$261,539
Net Income$323,786
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 30, 2019
Return Version
2018v3.1
Gross Receipts
$735,478
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$1,471,454$1,795,240▲ $323,786
Land, Buildings, and Equipment, Net$980,572$1,015,805▲ $35,233
Cash and Non-Interest-Bearing Accounts$234,686$550,107▲ $315,421
Other Notes and Loans Receivable, Net$439,230$351,134▼ $88,096
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,654,488$1,917,046▲ $262,558
Liabilities
Unsecured Notes Loans Payable$175,897$106,647▼ $69,250
Other Liabilities$4,975$13,195▲ $8,220
Accounts Payable and Accrued Expenses$2,162$1,964▼ $198
Total Liabilities$183,034$121,806▼ $61,228
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,471,454$1,795,240▲ $323,786
Total Liabilities and Net Assets / Fund Balance$1,654,488$1,917,046▲ $262,558

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$787,288$41,330-
Other Land Buildings$72,517$11,419-
Land$156,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fred ErnestDirectorFT$103,750$103,750

Board Members and Trustees

NameTitle
Daniel DelawderChairman
Jerry McclainVice Chairman
Andrew MorrisonDirector
Brian MoreheadDirector
David RhodesDirector
Mark MauterDirector
Mary AlbrightDirector
Noble SnowDirector
Steve LaymanSecretary
Cheri HottingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$496,636
Program Service Revenue
$0
Investment Income
$13,707
Other Revenue
$74,982
All Other Contributions
$436,636
Change in Net Assets
$323,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$585,325
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$585,325
Total Revenue per Form 990
$585,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,786
Salaries, Compensation, and Employee Benefits$111,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$103,750--$103,750
Fees for Services Accounting-$11,325-$11,325
Fees for Services Legal$9,866--$9,866
Payroll Taxes$8,003--$8,003
Insurance$7,830--$7,830
Interest$6,102--$6,102
Advertising$4,092--$4,092
Other Expenses$1,390$2,855-$1,390
All Other Expenses$1,363--$1,363
Office Expenses-$885-$885
Travel$150--$150
Total Functional Expenses$246,474$15,065$0$261,539

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$261,539
Total Expenses per Audited Statements$261,539
Total Expenses per Form 990$261,539
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Deposits$13,195
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 organization's treasurer.

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
Treasurer
Phone
7403453431
Signed
2019-10-30
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
10 WEST LOCUST STREET, NEWARK, OH 43055
Preparer
Noble B Snowiiicpa
Phone
7403456611
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IRS990/ReconcilationRevenueExpnssAmt0323786
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt067547
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt088689
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01471454
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01795240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0496636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0204948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02040990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0826381
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0173124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03742079
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50220
IRS990ScheduleA/PublicSupportPY170Pct00.41390
IRS990ScheduleA/PublicSupportTotal170Amt01879439
IRS990ScheduleA/SubstantialContributorsTotAmt01862640
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0496636
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0204948
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02040990
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0826381
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0173124
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03742079
IRS990ScheduleA/TotalSupportAmt03742079
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/BookValueAmt0787288
IRS990ScheduleD/BuildingsGrp/DepreciationAmt041330
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0828618
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0261539
IRS990ScheduleD/LandGrp/BookValueAmt0156000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0156000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt072517
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011419
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt083936
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0585325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01015805
IRS990ScheduleD/TotalExpensesPerForm990Amt0261539
IRS990ScheduleD/TotalLiabilityAmt013195
IRS990ScheduleD/TotalRevenuePerForm990Amt0585325
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0585325
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0261539
IRS990/ScheduleJRequiredInd00
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 ORGANIZATION'S TREASURER.
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/EndOfYearAssetsAmt0231942
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt11068554
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0INVESTMENT HOLDINGS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1CORPORATE OFFICE AND COMMERCIAL RENTALS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt013324
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt167546
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01654488
IRS990/TotalAssetsEOYAmt01917046
IRS990/TotalAssetsGrp/BOYAmt01654488
IRS990/TotalAssetsGrp/EOYAmt01917046
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0496636
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015065
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246474
IRS990/TotalFunctionalExpensesGrp/TotalAmt0261539
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0183034
IRS990/TotalLiabilitiesEOYAmt0121806
IRS990/TotalLiabilitiesGrp/BOYAmt0183034
IRS990/TotalLiabilitiesGrp/EOYAmt0121806
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01471454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01795240
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0246474
IRS990/TotalReportableCompFromOrgAmt0103750
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt088689
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0585325
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01654488
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01917046
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0150
IRS990/TravelGrp/TotalAmt0150
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0175897
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0106647

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