Civic Intelligence

Newark Development Partners

990 • Fiscal year 2023 • EIN 46-1551173

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileWWW.WEDIGNEWARK.COM
PO Box 4532Newark, OH 43058-4532

(740) 349-9340

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$14,486,412

Up $2,107,314 (+17%) from 2022

Net Assets

Up

$13,822,550

Up $2,107,103 (+18%) from 2022

Liabilities

Up

$663,862

Up $211 (+0.0%) from 2022

Revenue And Expenses

Revenue

Up

$3,300,746

Up $2,434,102 (+281%) from 2022

Expenses

Up

$1,193,643

Up $477,883 (+67%) from 2022

Net Income

Up

$2,107,103

Up $1,956,219 (+1297%) from 2022

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

2023

Assets$14,486,412
Liabilities$663,862
Net Assets$13,822,550
Open 2023 Filing

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

2023

Revenue$3,300,746
Expenses$1,193,643
Net Income$2,107,103
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$3,537,181
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
Pledges and Grants Receivable$6,608,600$6,302,060▼ $306,540
Investments Program Related$1,005,728$5,592,024▲ $4,586,296
Land, Buildings, and Equipment, Net$3,568,721$2,307,161▼ $1,261,560
Other Notes and Loans Receivable, Net$599,858--
Cash and Non-Interest-Bearing Accounts$596,093$285,069▼ $311,024
Total Assets$12,379,098$14,486,412▲ $2,107,314
Other Assets Total$98$98→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$599,858$599,858→ $0
Accounts Payable and Accrued Expenses$30,709$36,227▲ $5,518
Other Liabilities$33,084$27,777▼ $5,307
Total Liabilities$663,651$663,862▲ $211
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,574,449$7,458,557▲ $2,884,108
Net Assets With Donor Restrictions$7,140,998$6,363,993▼ $777,005
Total Net Assets Fund Balance$11,715,447$13,822,550▲ $2,107,103
Total Liabilities and Net Assets / Fund Balance$12,379,098$14,486,412▲ $2,107,314

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,592,024--
Buildings$1,108,369$221,084-
Land$1,130,285--
Equipment$68,507$37,429-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fred ErnestExecutive DirectorFT$162,688$4,881$167,569

Board Members and Trustees

NameTitle
Daniel DelawderChairman
Mary AlbrightVice Chairman
Brian MoreheadDirector
David RhodesDirector
Jennifer MccdonaldDirector
John UibleDirector
Veronica PattonDirector
Steve LaymanSecretary
Noble SnowTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Robertson ConstructionConstruction (materials And Services)1801 THORNWOOD DR SW, Heath, OH 43056$3,304,530
Schooley CaldwellArchitect300 MARCONI BLVD SUITE 100, Columbus, OH 43215$113,438
Revenue and Support

Revenue Composition

Contributions and Grants
$2,425,498
Program Service Revenue
$690,611
Investment Income
$1,886
Other Revenue
$182,751
All Other Contributions
$2,165,498
Change in Net Assets
$2,107,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$968,597
Salaries, Compensation, and Employee Benefits$225,046
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$162,688--$162,688
Depreciation Depletion$46,172--$46,172
Other Salaries and Wages$40,275--$40,275
Fees for Services Accounting-$20,986-$20,986
Payroll Taxes$15,610--$15,610
Insurance$7,358$3,022-$10,380
Pension Plan Contributions$6,473--$6,473
Office Expenses-$5,997-$5,997
Fees for Services Legal$3,890--$3,890
Other Expenses$2,945$3,806-$2,945
Interest$2,042--$2,042
Travel$516$516-$1,032
Total Functional Expenses$1,159,316$34,327$0$1,193,643
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$27,777
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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. Some of the directors of the organization are also employees of the city of newark.”

Form 990, Part VI, Section B, Line 10B

“The organization does not currently have written policies and procedures governing the activities but has plans to put such written policies and procedures in place. The organization regularly monitors the activities of the disregarded entities to ensure consistency with the organization's exempt purpose.”

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.”

Part VI, Section C, Line 17

“Explanation for state reporting: the state of ohio requires an online charitable registration completed rather than submitting a copy of the 990 to the attorney general. The necessary online filing requirements are completed in a timely manner.”

Filing and Contact Details

Filer

Filer Name
Newark Development Partners
EIN
46-1551173
Phone
7403499340
Address
PO BOX 4532, NEWARK, OH 43058-4532

Signing Officer

Name
Noble B Snow Iii
Title
Director
Phone
7403493774
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Noble B Snow Iii
Formed
2012
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
10

Preparer

Firm
Wilson Shannon & Snow Inc
Address
10 WEST LOCUST STREET, NEWARK, OH 43055
Preparer
Crystal J Kent CPA
Phone
7403456611
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1, Other Accounting Method

“MODIFIED ACCRUAL”

FORM 990, PART IV, LINE 11F; PART XII, LINE 2; SCH D, PARTS X, XI AND XII

“The organization performs an audit every two years. The audit for 2023 and 2024 will be done simultaneously in calendar year 2025.”

Raw XML AppendixShowing 400 of 554 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt030709
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt036227
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AllOtherContributionsAmt02165498
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NOBLE B SNOW III
IRS990/BooksInCareOfDetail/PhoneNum07403499340
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 4532
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWARK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0430584532
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0596093
IRS990/CashNonInterestBearingGrp/EOYAmt0285069
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0162688
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0162688
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt03304530
IRS990/ContractorCompensationGrp/CompensationAmt1113438
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01801 THORNWOOD DR SW
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1300 MARCONI BLVD SUITE 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0HEATH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1COLUMBUS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd043056
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd143215
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ROBERTSON CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SCHOOLEY CALDWELL
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION (MATERIALS AND SERVICES)
IRS990/ContractorCompensationGrp/ServicesDesc1ARCHITECT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02425498
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01886
IRS990/CYOtherExpensesAmt0968597
IRS990/CYOtherRevenueAmt0182751
IRS990/CYProgramServiceRevenueAmt0690611
IRS990/CYRevenuesLessExpensesAmt02107103
IRS990/CYSalariesCompEmpBnftPaidAmt0225046
IRS990/CYTotalExpensesAmt01193643
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03300746
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt046172
IRS990/DepreciationDepletionGrp/TotalAmt046172
IRS990/Desc0ENCOURAGE ECONOMIC DEVELOPMENT IN THE CITY OF NEWARK.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt07140998
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt06363993
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01159316
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020986
IRS990/FeesForServicesAccountingGrp/TotalAmt020986
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03890
IRS990/FeesForServicesLegalGrp/TotalAmt03890
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt94881
IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL DELAWDER
IRS990/Form990PartVIISectionAGrp/PersonNm1BRIAN MOREHEAD
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm3NOBLE SNOW
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY ALBRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE LAYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6JENNIFER MCCDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm7VERONICA PATTON
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN UIBLE
IRS990/Form990PartVIISectionAGrp/PersonNm9FRED ERNEST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9162688
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt01886
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0260000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0139909
IRS990/GrossReceiptsAmt03537181
IRS990/GrossRentsGrp/RealAmt0270114
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03022
IRS990/InsuranceGrp/ProgramServicesAmt07358
IRS990/InsuranceGrp/TotalAmt010380
IRS990/InterestGrp/ProgramServicesAmt02042
IRS990/InterestGrp/TotalAmt02042
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01005728
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05592024
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0258513
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03568721
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02307161
IRS990/LandBldgEquipCostOrOtherBssAmt02565674
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0138023
IRS990/LessRentalExpensesGrp/RealAmt098412
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0599858
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0599858
IRS990/NetAssetsOrFundBalancesBOYAmt011715447
IRS990/NetAssetsOrFundBalancesEOYAmt013822550
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01886
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01886
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0171702
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0171702
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04574449
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07458557
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05997
IRS990/OfficeExpensesGrp/TotalAmt05997
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt098
IRS990/OtherAssetsTotalGrp/EOYAmt098
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1ARCADE RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03806
IRS990/OtherExpensesGrp/ProgramServicesAmt0691189
IRS990/OtherExpensesGrp/ProgramServicesAmt1176353
IRS990/OtherExpensesGrp/ProgramServicesAmt23805
IRS990/OtherExpensesGrp/ProgramServicesAmt32945
IRS990/OtherExpensesGrp/TotalAmt0691189
IRS990/OtherExpensesGrp/TotalAmt1176353
IRS990/OtherExpensesGrp/TotalAmt27611
IRS990/OtherExpensesGrp/TotalAmt32945
IRS990/OtherLiabilitiesGrp/BOYAmt033084
IRS990/OtherLiabilitiesGrp/EOYAmt027777
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011049
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011049
IRS990/OtherRevenueTotalAmt011049
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040275
IRS990/OtherSalariesAndWagesGrp/TotalAmt040275
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0599858
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt015610
IRS990/PayrollTaxesGrp/TotalAmt015610
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06473
IRS990/PensionPlanContributionsGrp/TotalAmt06473
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06608600
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06302060
IRS990/PoliciesReferenceChaptersInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NOBLE B SNOW III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL PROJECTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0690611
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0690611
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0554390
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0208384
IRS990/PYOtherExpensesAmt0534379
IRS990/PYOtherRevenueAmt0-1774
IRS990/PYProgramServiceRevenueAmt0105644
IRS990/PYRevenuesLessExpensesAmt0150884
IRS990/PYSalariesCompEmpBnftPaidAmt0181381
IRS990/PYTotalExpensesAmt0715760
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0866644
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02107103
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0171702
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0701660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02425498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0554390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06936633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02679045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0615972
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013211538
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0270114
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0285888
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0254595
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0245249
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0301588
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01357434
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0961969
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08945
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05080
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt056806
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03612
IRS990ScheduleA/OtherIncome170Grp/TotalAmt085492
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41730
IRS990ScheduleA/PublicSupportPY170Pct00.43990
IRS990ScheduleA/PublicSupportTotal170Amt06115666
IRS990ScheduleA/SubstantialContributorsTotAmt07095872
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02425498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0554390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06936633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02679045
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0615972
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013211538
IRS990ScheduleA/TotalSupportAmt014654464
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/BookValueAmt01108369
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0221084
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01329453
IRS990ScheduleD/EquipmentGrp/BookValueAmt068507
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037429
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0105936
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05592024
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ARCADE CONSTRUCTION COSTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt01130285
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01130285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027777
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02307161
IRS990ScheduleD/TotalBookValueProgramRltdAmt05592024
IRS990ScheduleD/TotalLiabilityAmt027777
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0162688
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt04881
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRED ERNEST
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0167569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY ORGANIZATION'S EXECUTIVE COMMITTEE BASED UPON PERFORMANCE AND EVALUATIONS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AGREED TO PROVIDE ECONOMIC DEVELOPMENT SERVICES WITHIN THE CITY IN WHICH THE ORGANIZATION IS LOCATED. SOME OF THE DIRECTORS OF THE ORGANIZATION ARE ALSO EMPLOYEES OF THE CITY OF NEWARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT CURRENTLY HAVE WRITTEN POLICIES AND PROCEDURES GOVERNING THE ACTIVITIES BUT HAS PLANS TO PUT SUCH WRITTEN POLICIES AND PROCEDURES IN PLACE. THE ORGANIZATION REGULARLY MONITORS THE ACTIVITIES OF THE DISREGARDED ENTITIES TO ENSURE CONSISTENCY WITH THE ORGANIZATION'S EXEMPT PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE DIRECTORS PRIOR TO ITS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL INQUIRIES ARE MADE OF BOARD MEMBERS FOR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY ORGANIZATION'S EXECUTIVE COMMITTEE BASED UPON PERFORMANCE AND EVALUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXPLANATION FOR STATE REPORTING: THE STATE OF OHIO REQUIRES AN ONLINE CHARITABLE REGISTRATION COMPLETED RATHER THAN SUBMITTING A COPY OF THE 990 TO THE ATTORNEY GENERAL. THE NECESSARY ONLINE FILING REQUIREMENTS ARE COMPLETED IN A TIMELY MANNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MODIFIED ACCRUAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION PERFORMS AN AUDIT EVERY TWO YEARS. THE AUDIT FOR 2023 AND 2024 WILL BE DONE SIMULTANEOUSLY IN CALENDAR YEAR 2025.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,486,412
Liabilities
$663,862
Net assets
$13,822,550
Revenue
$3,300,746
Expenses
$1,193,643
Net income
$2,107,103
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$3.39$15.1$2.06$0.77$1.29
2023Detailed filing. Detailed filing data is available for this year.$14.5$0.66$13.8$3.30$1.19$2.11
2022Detailed filing. Detailed filing data is available for this year.$12.4$0.66$11.7$0.87$0.72$0.15
2021Detailed filing. Detailed filing data is available for this year.$11.6$0.05$11.5$7.29$0.30$6.99
2020Detailed filing. Detailed filing data is available for this year.$4.55$0.02$4.53$2.81$0.33$2.48
2019Summary only. Only limited summary data is available for this year.$2.12$0.07$2.06$0.76$0.50$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.92$0.12$1.80$0.59$0.26$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.18$1.47$0.24$0.30$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.26$1.27$2.11$0.46$1.65
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.68$0.38$0.83$1.26$0.43
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.17$0.15$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.09$0.07$0.02